(Northbrook, IL- July 5, 2017) –- (RealEstateRama) — The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant Sam’s Club Ground Lease located at 9464 Main Street in Woodstock, Georgia (Atlanta MSA) for $6,560,000.
The 16.95 acre Sam’s Club property is strategically located near the signalized intersection of Highway 92 and Main Street (80,000+ VPD). Highway 92 is a primary east-west thoroughfare in the area and experiences traffic volume in excess of 59,000 VPD. The surrounding area is densely populated with over 165,000 people living within five miles of the property. Retailers in the immediate area include Target, Lowe’s Home Improvement, The Home Depot, Kohl’s, and Big Lots.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction; a northeast based real estate investment company. The buyer was a western based private investment group.
The Sam’s Club ground lease has more than 17 years remaining and features a fueling station with 12 pumps. Sam’s Club is membership-only retail warehouse chain owned and operated by Walmart with over 660 locations in the United States. Walmart is an investment grade rated company (S&P: AA) and publicly traded on the New York Stock Exchange using the Symbol “WMT”.
“The market for long term ground leases remains active as these assets are highly sought after amongst private investors” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added, “While single tenant properties are selling in all types of locations; top tier MSAs are at the forefront of investor demand.”
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 2011-2016, 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
Media Contact:
Randy Blankstein
The Boulder Group
847-562-0003
