WASHINGTON, D.C. – November 21, 2011 – (RealEstateRama) — The Boulder Group, a national single tenant net lease investment brokerage firm, has been named the exclusive advisor for the sale of an CVS property at 5422 Bellaire Boulevard in Bellaire, Texas.
The investment sales team will be led by Boulder Group President Randy Blankstein and partner Jimmy Goodman who are marketing the property on behalf of a Midwest based investor. The property is listed for sale with an asking price of $3,680,000.
The property is located at the signalized intersection of Bellaire Boulevard and Chimney Rock Road, which experiences traffic volumes in excess of 44,000 vehicles per day. Bellaire Boulevard has a direct interchange with Interstate 610, approximately one mile away. Interstate 610 is a forty-two mile loop around downtown Houston. The CVS property has three points of ingress and egress, two along Chimney Rock Road and one along Bellaire Boulevard. CVS’ original lease term was for 20 years and the lease expires in December 2019. CVS is a publicly traded company on the New York Stock Exchange (CVS), with a market capitalization of $50 Billion. CVS has over 7,304 locations and employs over 80,000 people.
About The Boulder Group
The Boulder Group is a boutique investment real estate service firm specializing in net lease properties. The firm provides a full range of brokerage, advisory, and financing services nationwide to a substantial and diversified client base, which includes high net worth individuals, developers, REITs, partnerships and institutional investment funds. Founded in 1997, the firm has arranged the acquisition and disposition of more than $1.2 billion of net lease real estate transactions through several real estate cycles. The firm’s website is www.bouldergroup.com