The Boulder Group, a net leased investment brokerage firm, completed the sale of a single tenant net leased Arby’s ground lease property located at 15676 Manchester Rd in Ellisville, Missouri for $1,355,000.
The 2,170 square foot building was recently constructed in 2016 within an affluent community in St. Louis. The property is located at a signalized intersection along Manchester Road (US Route 66). US Route 66 is a primary east-west thoroughfare in the area and experiences traffic volume in excess of 37,000 vehicles per day. The property is also located in a strong retail corridor with Life Time Fitness, Home Depot, Kohl’s, Target, CVS, Walgreens, Dierbergs Markets, and Ross Dress for Less. Additionally, the property is in close proximity to Crestview Middle School, Ellisville Elementary School, Forest Hills Country Club and Mercy Laboratory Services which drives continual traffic to the corridor. There are 146,858 people living within five miles of the property with an average household income of $137,198.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction. The seller is a Midwest based real estate company and the buyer was a private investor in a 1031 tax exchange.
“E-commerce resistant retailers including tenants in the QSR sector continue to be in high demand amongst investors,” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added, “New construction properties in core retail areas provide long term viability for real estate investors.”
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 $5 billion of single tenant net lease real estate transactions. From 2012-2018, 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.
For more information, visit: www.bouldergroup.com
Company Name: The Boulder Group
Contact Person: Randy Blankstein
Email: Send Email
Address:3520 Lake Avenue Suite 203
Country: United States