Canada 7-Eleven Sale Arranged Date October 8, 2020
The Boulder Group, a net leased investment brokerage firm completed the sale of a single tenant 7-Eleven located at 101 West Haven Boulevard in Leduc, Alberta, Canada for $4,266,142.
The 2,400 square foot 7-Eleven is located at the hard corner of a signalized intersection along 50th Avenue which a primary east-west thoroughfare. The 7-Eleven property is strategically located in the area’s primary retail corridor with Walmart Supercenter, RONA, Canadian Tire, TD Canada Trust, Jiffy Lube, Staples, Michaels, Domino’s, Tim Hortons and Dairy Queen. The property is located in close proximity to Edmonton International Airport, which drives tremendous economic growth to the region.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction. The seller is a private Midwest based institution and the buyer is a locally based Canadian real estate investor.
The lease is absolute triple net and features five 5-year renewal options. This is a 24-hour location and is also fitted with gas pumps on the large 1.19 acre site. 7-Eleven is the world’s largest convenience store chain operating, franchising and licensing more than 64,319 stores in 18 countries. 7-Eleven is also one of the nation’s largest independent gasoline retailers and was ranked #1 by Entrepreneur Magazine in the 2017 annual “Franchise 500” ranking.
“Single tenant 7-Eleven properties continue to garner significant interest amongst private net lease investors” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Senior Vice President of The Boulder Group, added, “Investors were attracted to this investments due to the strength of 7-Eleven’s credit and the strong underlying real estate.”
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 $6 billion of single tenant net lease real estate transactions. From 2012-2019, 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. www.bouldergroup.comBack