Net Lease Indiana Family Dollar Sale Arranged Date March 23, 2021
The Boulder Group, a net leased investment brokerage firm, completed the sale of a single tenant net lease Indiana Family Dollar property located at 2 East IN-64 in Birdseye, Indiana for $1,387,000.
The 8,320 square foot net lease Indiana Family Dollar property is strategically located along Indiana-64, which is a primary east-west thoroughfare that connects Birdseye to Louisville. Family Dollar serves as a primary convenience shopping destination for residents in the area with limited competition. Birdseye is located on the border of the Hoosier National Forest and is part of the Jasper Micropolitan Statistical Area. Jasper is a regional center in Southwestern Indiana and has often been called the “Wood Capital of the World”, boasting many furniture companies.
The Family Dollar lease expires March 31, 2031 and features six 5-year renewal option periods. Family Dollar offers a compelling assortment of merchandise for the whole family ranging from household cleaners to name brand foods, from health and beauty aids to toys, from apparel for every age to home fashions, all for everyday low prices. Family Dollar was founded in 1959 in Charlotte, North Carolina. Today, there are over 8,000 locations.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction who was a Midwest based real estate investor. The buyer was involved in a 1031 exchange.
“Well located Family Dollar single tenant assets with solid real estate fundamentals continue to be in the greatest demand” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added, “The market for net leased dollar stores remains active.”
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.comBack