Northbrook, IL – October 26, 2016 – (RealEstateRama) — The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant new construction Dollar Tree located at 1940 Main Street in Green Bay, Wisconsin for $1,678,000.
The newly constructed Dollar Tree is located on Main Street (Highway 141), a primary north-south thoroughfare in the area. There are approximately 70,000 people living within a three mile radius of the property. Retailers in the immediate area include Copps (Kroger), Kohl’s, Hobby Lobby, Aldi, Walgreens, AutoZone, Advance Auto Parts and Tires Plus.
Randy Blankstein and John Feeney of The Boulder Group represented both parties in the transaction. The seller was a Midwest based real estate development company and the buyer was Midwest based real estate investment firm.
The new Dollar Tree lease is for ten years with three 5-year renewal options. Dollar Tree is a Fortune 500 Company and currently operates more than 14,000 stores across 48 states & 5 Canadian provinces (under the brands Dollar Tree, Dollar Tree Canada & Family Dollar). Dollar Tree is a publicly traded company (NASDAQ: DLTR) with a market cap in excess of $18 billion.
“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, “The market for new construction net leased dollar stores remains active as these assets are in high demand among private investors.”
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 CoStar and Real Capital Analytics. The Boulder Group is headquartered in suburban Chicago. www.bouldergroup.com
The Boulder Group
randy (at) bouldergroup (dot) com