The Boulder Group, a net leased investment brokerage firm completed the sale of a single tenant CVS located at 3501 NW 36th Avenue in Norman, Oklahoma for $3,772,000.
Located at the intersection of 36th Avenue and West Tecumseh Road, the subject property is positioned adjacent to Norman Healthplex, a regional 400,000 square foot 168-bed state-of-the-art hospital. CVS features excellent exposure and accessibility along two of the area’s main traffic corridors with combined daily traffic counts in excess of 35,400 vehicles. This affluent community boasts average household income in excess of $126,000 within a one mile radius.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the buyer in the transaction. The buyer was based in California in a 1031 exchange. The seller was a private real estate investor.
CVS Health is the nation’s premier health innovation company helping people on their path to better health. Whether in one of its pharmacies or through its health services and plans, CVS Health is pioneering a bold new approach to total health by making quality care more affordable, accessible, simple and seamless. CVS Health is community-based and locally focused, engaging consumers with the care they need when and where they need it.
“Net lease investors are increasingly attracted to low rent pharmacy deals, recognizing their potential for stable, long-term returns,” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman of The Boulder Group, added, “The property’s proximity to a regional hospital was a primary highlight for the buyer.”
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.
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