The Boulder Group, a net leased investment brokerage firm completed the sale of a single tenant Taco Bell located at 4025 North 124th Street in Brookfield, Wisconsin for $1,650,000.
The 2,080 square foot Taco Bell is positioned along North 124th Street (19,900 VPD) and is less than half of a mile from Interstate 41 which experiences over 142,000 vehicles per day. Nationally recognized employers in the area include Briggs & Stratton and Milwaukee Tools. There are two main shopping centers positioned nearby: Shoppers World of Brookfield and The Mayfair Collection. The area’s retail makeup is comprised of tenants such as Whole Foods, Meijer, The Home Depot, Nordstrom Rack, Ulta, J. Crew, Burlington, DSW, and many more. There are over 242,114 people living within 5 miles of the property earning an average annual household income of $86,459. The property is located 10 miles northwest of downtown Milwaukee.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented both sides in the transaction. The seller was a local real estate investor and the buyer was a real estate investor based in the southeast.
There are over 23 years remaining on the primary lease term. The tenant, Pacific Bells, has been in business since 1986 and operates over 242 locations across 8 states.
“Single tenant restaurant properties with long term leases and rental escalations are the most sought-after net lease product” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman of The Boulder Group, added, “E-commerce resistant food-based retailers continue to be in high demand amongst investors especially with drive-thrus.”
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 $6 billion of single tenant net lease real estate transactions. From 2012-2020, 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
Company Name: The Boulder Group
Contact Person: Randy Blankstein
Email: Send Email
Address:3520 Lake Avenue Suite 203
Country: United States