The Boulder Group, a net leased investment brokerage firm completed the sale of a single tenant Heartland Dental located at 4585 Ledge Roack Drive in Johnstown, Colorado for $3,211,000.
Heartland Dental is part of a new 200-acre mixed-use development, Ledge Rock Center. Once completed, the Ledge Rock Center will feature 1,200 apartment units, 160 single-family homes, and over 1 million SF of retail. The subject property is located on the southeast corner of I-25 and US Highway 60 (97,800 VPD). This interchange provides efficient egress and ingress from both southbound and northbound directions of I-25. There is signage visible from the highway as well. A newly opened Buc-ee’s is located across the interstate from the subject property. The site marks the company’s expansion outside of the Southern US and includes a 74,000 SF retail building, 116 fueling stations, and 12 EV charging stations. Buc-ee’s locations see 4.6 million annual visitors.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the buyer in the transaction. The seller is a Midwest based developer and the buyer was a private investor from California.
The tenant is the corporate entity of Heartland Dental, the largest dental support organization in the US. Heartland Dental supports 1,700 dental offices nationwide.
“New construction properties with long term leases to e-commerce resistant tenants are the most sought-after net lease product” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman of The Boulder Group, added, “The market for new construction dental assets remains active as they offer a stable investment with a service based tenant.”
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 $9 billion of single tenant net lease real estate transactions. From 2013-2023, 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 and has an office in Denver.
More info: www.bouldergroup.com
Media Contact
Company Name: The Boulder Group
Contact Person: Randy Blankstein
Email: Send Email
Phone: 8478816388
Address:3520 Lake Avenue Suite 203
City: Wilmette
State: Illinois
Country: United States
Website: https://www.bouldergroup.com/NNN-Properties-For-Sale.html