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Net Lease NTB Sale Arranged

Date May 18, 2021

The Boulder Group, a net leased investment brokerage firm, completed the sale of a single tenant net lease NTB property located at 7000 North Freeway in Fort Worth, Texas for $2,761,000.

The 6,753 square foot net lease NTB property is positioned just off Interstate 35 (167,000+ VPD), which is a primary north/ south thoroughfare that connects to downtown Fort Worth. The property is located on a Home Depot outparcel along Basswood Boulevard (19,600+ VPD) with tenants such as The Home Depot, Jack in The Box, Taco Bell, Dairy Queen, CareNow Urgent Care, Chevron, and Subway. Other retailers in the area include 7-Eleven, Service King Collision, CubeSmart Self Storage, Einstein Bros. Bagels, and more. There are 285,645 people living within five miles of the property with an average annual household income of $92,757.

Today, NTB operates over 600 locations and specializes in fluid services (oil changes, brake fluid exchange, coolant exchange, and transmission fluid exchange), battery services, wiper blades, steering & suspension services, and vehicle inspections. Their parent company, TBC Corporation, also owns Tire Kingdom®, Big O Tires®, and Midas ®.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented both parties in the transaction. The seller was a west coast-based Institution. The buyer was an east coast based real estate investment firm.

“Nationally recognized brands with corporate guaranties are some of the most sought-after net lease products” said Randy Blankstein, President of The Boulder Group.  Jimmy Goodman, Partner of The Boulder Group, added, “Income tax free states like Texas are hot spots for net lease 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 $6 billion of single tenant net lease real estate transactions. From 2012-2020, 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.com