Georgia ALDI Ground Lease Sale Arranged Date July 26, 2019
The Boulder Group, a net leased investment brokerage firm, has completed the sale of a new construction net leased ALDI ground lease property located at 1700 Old Pendergrass Road in Jefferson, Georgia for $1,790,000.
The Georgia Aldi ground lease Property is situated three miles southeast of I–85 on the four–lane Jefferson Bypass, US Hwy 129. Hwy 129 is the main thoroughfare between I–85 and the University of Georgia in Athens, GA with over 38,000 students (20 miles east of the Property). ALDI is located immediately adjacent to the 99,110 SF Kroger anchored Loggin’s Corners. The Property benefits strongly from its proximity to the newly built ALDI SE Distribution Center located just six miles away within the Jefferson area.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the buyer in the transaction. The buyer was an international investor based in Germany and the seller was a private 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, “Aldi and single tenant grocery properties continue to garner significant interest amongst private investors.”
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