Ohio Net Leased Family Dollar Sale Arranged Date October 6, 2020
The Boulder Group, a net leased investment brokerage firm completed the sale of a single tenant Family Dollar located at 308 East Main Street in Amanda, Ohio for $1,200,000.
The 8,320 square foot Ohio net leased Family Dollar property is strategically located along Main Street, which is the primary east-west thoroughfare in town. Family Dollar serves as a primary convenience-shopping destination for residents in the area with limited competition. Amanda is located approximately 30 miles south of Columbus, Ohio. Columbus is the state capital and the most populous city in Ohio with a population of 892,533 people. There are over 67,000 people living within ten miles of the Family Dollar property with an average household income of $71,632
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction. The seller is Midwest based real estate owner and the buyer is a real estate investor based in the Southeast.
The Family Dollar was recently constructed in 2016 and has eleven years remaining in the primary term. The lease features a 10% rental escalation in 2026 and in each of the six 5-year renewal option periods. The lease is absolute triple net and features zero landlord responsibilities. Family Dollar offers a compelling assortment of merchandise ranging from household cleaners to name brand food items.
“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 2012-2019, 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