The Boulder Group, a net leased investment brokerage firm, completed the sale of a single tenant net leased Dollar Tree property located at 1303 East Colorado Avenue in Urbana, Illinois for $555,000.
The 11,000 square foot building benefits from its location along East Colorado Avenue. Dollar Tree is positioned in a retail corridor with tenants such as Walgreens, McDonald’s, CVS Pharmacy, Planet Fitness, T-Mobile, Burger King, Papa John’s, and more. There are 122,175 people living within five miles of the property earning an average annual income of $66,625. The University of Illinois is located one mile west of the property with over 50,000 students.
Dollar Tree is an American chain of discount variety stores that sells items for $1 or less. Headquartered in Chesapeake, Virginia, it is a Fortune 500 company and operates 15,115 stores throughout 48 states and Canada. Its stores are supported by a nationwide logistics network of twenty-four distribution centers. The company operates one- dollar stores under the names of Dollar Tree and Dollar Bills. The company also operates a multi-price-point variety chain under the Family Dollar banner.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the buyer in the transaction, who was a local real estate investor. The seller was a Midwest based real estate company.
“Properties occupied by investment grade tenants are some of the most sought-after net lease products” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added, “Net lease dollar stores tend to do well near large student campuses.”
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