(Northbrook, IL- March 7, 2018) – The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net lease Arby’s Restaurant located at 3100 E Holland Road in Saginaw, Michigan for $741,935.
The 2,028 square foot Arby’s is strategically positioned along East Holland Road (M-46) with excellent visibility. East Holland Road (M-46) is an east-west state highway that experiences traffic counts in excess of 22,700 vehicles per day. M-46 runs straight through the state of Michigan and is one of three trans-peninsular highways in the Lower Peninsula of Michigan. The property is less than one-mile west of Interstate-75 with direct on and off access to the approximate 72,500 vehicles per day. National retailers in the immediate area include Advance Auto Parts, PNC Bank, Speedway, McDonald’s, Burger King and a number of Hotels. Nexteer Automotive, a global manufacturer of steering and driveline products with more than 10,000 employees, has their North America division headquarters less than one-mile east of the property.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction. The seller was an east coast real estate investment company and the purchaser was a Northeast based real estate investor.
The Arby’s Restaurant recently executed a new ten-year lease expiring in April 2027. The lease features 3% rental escalations in year five and nine of the primary term and in the four 5-year renewal option periods. Arby’s is a leading international quick-service restaurant company that specializes in deli-style sandwiches. Arby’s is the second-largest quick-service fast-food sandwich restaurant chain in the U.S. in terms of units and third-largest regarding revenue.
“Properties priced below $1 million with corporate guarantees continue to garner significant interest amongst private investors” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added, “Single tenant quick service restaurants with long-term leases continue to be in the great demand as they are internet-resistant.”
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 $4 billion of single tenant net lease real estate transactions. From 2012-2017, 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
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Media Contact:
Randy Blankstein
The Boulder Group
847-562-0003
