New Construction 7-Eleven Property Sale Arranged Date June 10, 2020
The Boulder Group, a net leased investment brokerage firm, has completed the sale of a new construction 7-Eleven property located at US-41 & W Villages Pkwy in Venice, Florida for $2,705,882.
The new construction 7-Eleven property is strategically located at the corner of a signalized intersection along US Highway 41. The property is an outparcel to a Publix anchored shopping center. The property is within the West Villages Marketplace which is a rapidly growing master-planned community in south Sarasota County. The community will have 36,630 housing units at total buildout and its residents are mostly comprised of retiree’s hailing from the northeast U.S, families, and people who work from home. The Atlanta Braves have a new spring training facility 1/2 a mile from the center and will seat 6,200 people. Located across the street from West Villages Marketplace are the State College of Florida (3,000 students) and Sarasota Memorial Hospital, who plans to build 50,000 SF – 700,00 SF of medical ofﬁce space.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the buyer in the transaction. The buyer was a private investor in a 1031 exchange and the seller was a preferred developer based in the southeast.
“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, “Single tenant 7-Eleven properties continue to garner significant 1031 exchange interest due to tenant’s credit and long term lease.”
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 2012-2019, 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