Florida 7-Eleven Property Sale Arranged Date August 29, 2019
The Boulder Group, a net leased investment brokerage firm, has completed the sale of a new construction net leased 7-Eleven property located at 1400 Price Creek Way in North Port, Florida for $3,097,525.
The Florida 7-Eleven property is strategically located along Toledo Blade Pkwy. (18,000 VPD), near its intersection with Price Blvd. (15,000 VPD), in North Port, FL. Toledo Blade Pkwy is a local north-south thoroughfare that serves the North Port community and provides direct access to I-75 (51,000 VPD), while Price Blvd. carries significant traffic east-west towards the downtown area. The immediate trade area has experienced an over 25% population increase since 2000, and expected to continue as several new residential and retail developments have commenced. North Port is approximately 80-miles from downtown Tampa, FL and 40-miles from Fort Myers, FL.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the buyer in the transaction. The buyer was a private investor in a 1031 exchange and the seller was a Texas based real estate company.
“New construction properties with long lease terms continue to be in high demand amongst investors” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added, “Single tenant 7-Eleven properties continue to garner significant interest due to tenant’s credit and long term lease.”
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. www.bouldergroup.comBack