Northbrook, IL – June 22, 2016 – (RealEstateRama) — The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Walgreens property located at 1855 Hudson Bridge Road in Stockbridge, Georgia for $5,020,000.
The 15,120 square foot Walgreens property is strategically located at the signalized intersection of Hudson Bridge Road and Flippen Road. The property is positioned within a prominent retail destination which features Walmart Supercenter, Kroger, Publix and many other retailers. The Walgreens is positioned less than one mile west of Interstate 75.
Randy Blankstein and John Feeney of The Boulder Group represented the seller and purchaser in the transaction. The purchaser was a California based real estate investment fund and the seller was a South American based family office.
There are over five years remaining on the Walgreens lease which expires August 31, 2021. Walgreens has operated at this location since 2001 and the store features strong reported store sales. Walgreens is an investment grade rated company with a Standard and Poor’s rating of BBB.
“Well located single tenant assets with solid real estate fundamentals continue to be in the greatest demand.” said Randy Blankstein, President of The Boulder Group. John Feeney, Vice President of The Boulder Group, added, “Net lease properties with strong residual real estate value are highly sought after amongst the investment community.”
About The Boulder Group
The Boulder Group is a boutique investment real estate service firm specializing in single tenant 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 over $3 billion of single tenant net lease real estate transactions. From 2010-2015, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by both Real Capital Analytics and CoStar. The Boulder Group is headquartered in suburban Chicago. www.bouldergroup.com
The Boulder Group