Net Leased Culver’s Sale Arranged Date April 22, 2019
The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Culver’s property located at 401 Milwaukee Avenue in Lincolnshire, Illinois for $1,725,000.
The three-acre property is strategically located at a signalized intersection along Milwaukee Avenue, the primary thoroughfare in the area. Milwaukee Avenue experiences traffic counts of 31,700 vehicles per day. The property is located in an affluent area with over 48,600 people living within a three-mile radius earning an average household income in excess of $170,000 per year. Daytime employment within a three-mile radius of the property is roughly 76,000 people.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller and the buyer in the transaction. The seller is a Chicago based real estate company and the buyer is a private investor.
“E-commerce resistant retailers including tenants in the QSR sector 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 restaurant 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