Net Lease ATI Physical Therapy Property Sold Date July 16, 2019
The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net lease ATI Physical Therapy property located at 3234 Superior Avenue in Sheboygan, Wisconsin for $1,425,000.
The 3,000 square foot net lease ATI physical Therapy property is well located near numerous other national retailers including Pick ‘n Save, BMO Harris, Marcus Cinema, Meijer, Kohl’s and Bed Bath & Beyond. The ATI Physical Therapy is positioned just off of Interstate 43 (27,900 VPD) and North Taylor Drive (16,700 VPD), a primary north-south thoroughfare. Additionally, the property is strategically located in close proximity to HSHS St. Nicholas Hospital, a 185 bed hospital. The Hospital is currently undergoing a $17.5 million expansion.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction; a midwest based developer. The purchaser was a repeat real estate investor.
ATI Physical Therapy is the largest physical therapy company under one brand name in the United States with 823 locations and is rapidly growing. ATI Physical Therapy is an outpatient orthopedic private practice that focuses on providing high-quality rehabilitation services. ATI Physical Therapy was named the “Best Physical Therapy Practice” in the nation by Advance Magazine for performing exceptionally strong in all areas of assessment including patient care and growth, employee training and retention, services, community presence, facilities, and company expansion.
“The market for e-commerce resistant tenants remains strong” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added, “New construction service oriented properties are the most sought after net lease product for private buyers.”
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.com