Randy Blankstein
Increase of the Net Lease Dollar Store
The majority of the product comes from new construction properties, as tenants continue to expand at an aggressive pace, notes The Boulder Group President Randy Blankstein.
Boulder Group Brokers Retail Property Sale
The transaction closed at $2.5 million. The 13,122-square-foot asset is located in Niles, Ill., and is fully leased by MobilityWorks, a provider of wheelchair accessible vans.
Net Lease Market Shifts to Neutral
After years of the net lease market being perceived as more favorable to sellers than buyers, the widening cap rate spread combined with a change in investor sentiment has shifted the market, notes The Boulder Group President Randy Blankstein.
Boulder Group Arranges Sale of Medical Facility
A West Coast real estate investor paid $1.9 million to acquire the Fresenius Medical Care center in Enola, Pa., from a Northeastern private partnership.
Indiana Jiffy Lube Portfolio Changes Hands for $2.5M
The Boulder Group represented both the seller—a global real estate fund—and the buyer—a domestic private investment group—in the two-property transaction.
Net Lease Casual Dining in Demand with 1031 Buyers
The asset class remains a popular target for net lease investors largely because it is e-commerce resistant, argues The Boulder Group President Randy Blankstein. While private and 1031 buyers are the most aggressive purchasers, other investor types are getting in on the action.
Louisiana Triple Net Lease Dollar General Changes Hands
The 10,640-square-foot building traded for $1.3 million. The Dollar Tree lease featuring no landlord responsibilities is set to expire in 2031.
Nothing But Net
As the net lease sector continues to take on its own asset class presence, investors and lenders are increasingly putting their capital into the property type, especially single-tenant, triple-net leased properties. Net lease owners with investment-grade tenants in place are most attractive to investors, but a lack of available inventory is leading some lenders to widen their options.
Net Lease Cap Rates Stable in Q1
Investor demand, especially from private sources, should keep the net lease market active in 2017, noted The Boulder Group President Randy Blankstein. But the effect of interest rates on cap rate volatility will remain a primary focus for net lease participants this year.
Chicago Retail Center Sells for $24M
Archer Station is fully leased to a tenant roster including Ross Dress for Less, LA Fitness, AT&T Wireless and Athletico Physical Therapy.