{"id":1004384465,"date":"2020-01-22T10:55:08","date_gmt":"2020-01-22T18:55:08","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004384465"},"modified":"2025-02-27T21:49:39","modified_gmt":"2025-02-28T05:49:39","slug":"boulder-group-closes-sale-of-cvs-connecticut-property","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/boulder-group-closes-sale-of-cvs-connecticut-property\/","title":{"rendered":"Boulder Group Closes Sale of CVS Connecticut Property"},"content":{"rendered":"
\"CVS.<\/a>

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

After recently arranging the sale of a 55,650-square-foot retail asset<\/a> in Lone Tree, Colo., The Boulder Group President Randy Blankstein and Partner Jimmy Goodman closed the sale of a single-tenant net leased CVS property in Bridgeport, Conn. The brokerage company acted on behalf of both parties. A private real estate investor from the northeast purchased the 17,114-square-foot building in a 1031 exchange, for $4.7 million.<\/p>\n

Located at 1875 Boston Ave. along a primary east-west thoroughfare, the drug store chain has been occupying the space since 1992. Family Dollar, Dunkin\u2019 Donuts, McDonald\u2019s, Walgreens and Aaron\u2019s are among the other retailers in the same corridor. CVS is near a hospital and a high school, an area which is driving continual traffic.<\/p>\n

Seven years ago, the pharmacy chain extended its lease at the property by 25 years. The lease contract features rental escalation in each of the four five-year renewal options.<\/p>\n

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

President Randy Blankstein and Partner Jimmy Goodman represented both the seller and the buyer of the 17,114-square-foot building. <\/p>\n","protected":false},"author":238,"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":[21743,21783,21742,10,21749],"tags":[33536,35554,33840,33428,32940],"class_list":["post-1004384465","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-latest","category-northeast","category-retail","tag-1031-exchange","tag-cvs-pharmacy","tag-jimmy-goodman","tag-randy-blankstein","tag-the-boulder-group"],"acf":[],"yoast_head":"\nBoulder Group Closes Sale of CVS Connecticut Property - 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\/boulder-group-closes-sale-of-cvs-connecticut-property\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Boulder Group Closes Sale of CVS Connecticut Property\" \/>\n<meta property=\"og:description\" content=\"President Randy Blankstein and Partner Jimmy Goodman represented both the seller and the buyer of the 17,114-square-foot building.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/boulder-group-closes-sale-of-cvs-connecticut-property\/\" \/>\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=\"2020-01-22T18:55:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-28T05:49:39+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=\"Laura Valean\" \/>\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\/boulder-group-closes-sale-of-cvs-connecticut-property\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/boulder-group-closes-sale-of-cvs-connecticut-property\/\",\"name\":\"Boulder Group Closes Sale of CVS Connecticut Property - 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