The Boulder Group Arranges Sale of Single Tenant Net Leased Pick ‘n...

The Boulder Group Arranges Sale of Single Tenant Net Leased Pick ‘n Save Property for $18 Million

(Northbrook, IL- August 11, 2017) – (RealEstateRama) — The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Pick ‘n Save property located at 2518 West Washington Street in West Bend, Wisconsin for $18,186,840.

The 63,160 square foot Pick ‘n Save grocery store was constructed in 2010 and features an on-site pharmacy. Pick ‘n Save has operated in the immediate area since 1984, demonstrating the tenant’s commitment to the location and successful operating history. The property is strategically located at the intersection of West Washington Street and Wildwood Road. West Washington Street is the primary east-west thoroughfare in the trade area. The property is just off of Highway 45, a major highway connecting West Bend to Milwaukee. Due to its proximity to Milwaukee, West Bend has access to all of the amenities and features of a large city while retaining the feel of a small town.

Pick ‘n Save has over 13 years remaining on the lease which expires December 31, 2030. The triple net lease has rental escalations in the primary term and each four 5-year renewal option. The lease also features a corporate guarantee from The Kroger Company showing their dedication to the location and comfort with the stores performance. Pick ‘n Save is the number one market share grocer in the Milwaukee MSA and is owned and operated by Roundy’s Supermarkets, Inc., a wholly owned subsidiary of The Kroger Company. There are more than 100 Pick ‘n Save stores servicing communities across Wisconsin.

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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 $2.1 billion of single tenant net lease real estate transactions. In 2010-2014, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by Real Capital Analytics. The Boulder Group is headquartered in suburban Chicago

Contact:

Phone: 847-562-0003

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