The Boulder Group has completed the sale of a single tenant recently constructed Dollar General property located at 545 E Denver Street in Holyoke, CO for $1,880,000. Zach Wright and Brandon Wright, of The Boulder Group, exclusively represented the seller in the transaction. The seller was a commercial real estate development company based in the Southeast and the purchaser was an all-cash 1031  exchange investor based in California.

The recently constructed Dollar General was built in 2022 and is well-located along US Highway 6, the primary thoroughfare in Holyoke. The surrounding area features high average annual household income of $101,000 within five miles.

The long-term Dollar General lease features rental increases every five years and no landlord responsibilities. Dollar General is an investment grade rated company with a Standard & Poor’s rating of BBB.

“Colorado net lease properties are in high demand amongst investors nationally and investors based in Colorado. As a result, we’re seeing strong pricing and cap rates well-below the national average for single tenant properties located in Colorado,” stated Zach Wright, Vice President.

“Dollar General has one of the most landlord-friendly leases in the net lease world. Dollar General properties are amongst the only options for buyers seeking properties that are less than $2 million, with an investment grade corporate guaranty, an absolute triple net lease, and lease term of 10-15 years,” added Brandon Wright, Associate.

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 $9 billion of single tenant net lease real estate transactions. From 2013-2024, 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 and has an office in Denver.

For additional information, please visit www.BoulderGroup.com

PR Contact

Zach Wright 720-604-2220

Zach@BoulderGroup.com

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