{"id":1004371817,"date":"2019-11-27T09:06:18","date_gmt":"2019-11-27T17:06:18","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004371817"},"modified":"2025-02-27T21:52:51","modified_gmt":"2025-02-28T05:52:51","slug":"the-boulder-group-arranges-florida-retail-transaction","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/the-boulder-group-arranges-florida-retail-transaction\/","title":{"rendered":"The Boulder Group Arranges Florida Retail Transaction"},"content":{"rendered":"

\"\"<\/a><\/p>\n

\"\"<\/a>

CVS Pharmacy. Image courtesy of The Boulder Group<\/em><\/p><\/div>\n

The Boulder Group has arranged the sale of a 12,739-square-foot single-tenant retail facility in West Palm Beach, Fla., for $5.2 million. President Randy Blankstein and Partner Jimmy Goodman represented the seller, a Southwest-based investor. The retail space is net leased to CVS Pharmacy until July 2027, with a five-year renewal option.<\/p>\n

Situated at 245 S. Military Trail, the facility is just off the intersection of freeways 98 and 809, within the retail corridor hosting Publix, Walmart Supercenter, Chase, TD Bank and 7-Eleven. Additionally, the property is positioned within a densely populated infill location; approximately 320,000 people live within a 5-mile radius.<\/p>\n

Blankstein recently broke down<\/a> what the decrease in cap rates for the single-tenant net lease sector means for the industry. Cap rates have decreased across all three major sectors (retail, office and industrial) in the third quarter of 2019. The retail sectors compressed by 2 basis points to 6.21 percent, according to Blankstein.<\/p>\n

If you\u2019d like to be featured in Brokers\u2019 Corner, send your deal to deals@cpe-mhn.com<\/strong><\/a>. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The firm\u2019s Randy Blankstein and Jimmy Goodman brokered the sale of the single-tenant retail facility located in West Palm Beach. <\/p>\n","protected":false},"author":871,"featured_media":1004365520,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21742,21749],"tags":[33840,33428,32940],"class_list":["post-1004371817","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-latest","category-retail","tag-jimmy-goodman","tag-randy-blankstein","tag-the-boulder-group"],"acf":[],"yoast_head":"\nThe Boulder Group Arranges Florida Retail Transaction - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/the-boulder-group-arranges-florida-retail-transaction\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Boulder Group Arranges Florida Retail Transaction\" \/>\n<meta property=\"og:description\" content=\"The firm\u2019s Randy Blankstein and Jimmy Goodman brokered the sale of the single-tenant retail facility located in West Palm Beach.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/the-boulder-group-arranges-florida-retail-transaction\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-11-27T17:06:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-28T05:52:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/CPE-Brokers-Corner-827x400.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"827\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Evelyn Jozsa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/the-boulder-group-arranges-florida-retail-transaction\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/the-boulder-group-arranges-florida-retail-transaction\/\",\"name\":\"The Boulder Group Arranges Florida Retail Transaction - 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