The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Orscheln Farm & Home property located at 1311 Business Highway 61 South in Bowling Green, MO for $2,440,000.
The Orscheln Farm & Home property is strategically located along Missouri Route 161 which is the primary east-west thoroughfare in the trade area. The property is located immediately to the west of US Route 61 which is the primary north-south thoroughfare in the trade area and connects Bowling Green to St. Louis to the south. The recently constructed property is located across the street from a Walmart Supercenter. Additional retailers located within the immediate trade area include McDonald’s, Taco Bell, Dollar General, Subway, Hardee’s, DQ Grill, US Cellular and Country Market.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the buyer and seller in the transaction. The Seller was a Midwest based real estate partnership and the purchaser was an Midwest based REIT.
This Orscheln Farm and Home property is a relocation of a previously successful store. There are approximately 18 years remaining on the lease which expires in July 2034. The lease features 7.5% rental escalations every five years throughout the primary term and in each of the four 5-year renewal option periods. Orscheln Farm & Home is a chain store with 172 locations in Arkansas, Illinois, Indiana, Iowa, Kansas, Kentucky, Missouri, Nebraska, and Oklahoma. Orscheln Farm & Home supplies agricultural goods for farm, home, ranch and suburban customers.
“Properties featuring long term leases with rental escalations throughout the primary term remain at the forefront of investor demand.” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added,
“Investors are particularly attracted to properties where the tenant has a long operating history and commitment to the location.”
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 2010-2014, 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. www.bouldergroup.com
Company Name: The Boulder Group
Contact Person: Randy Blankstein
Email: Send Email
Address:666 Dundee Road, Suite 1801
Country: United States