Texas Starbucks Property Sale Arranged Date September 6, 2019
The Boulder Group, a net leased investment brokerage firm, has completed the sale of a new construction net leased Texas Starbucks property located at 545 E Exchange Parkway in Allen, Texas for $2,591,837.
The Texas Starbucks property is brand new construction in a high growth suburb of Dallas. The population is projected to grow 12.92% within three miles of the property over the next five years. The property is ideally located immediately across from Allen High School (5,100 students) and their new $60 million football stadium (18,000 seats).
Jimmy Goodman and John Feeney of The Boulder Group represented the seller and the buyer in the transaction. The buyer was a private investor in a 1031 exchange and the seller was a Texas based developer.
Jimmy Goodman, Partner of The Boulder Group, added, “Tax free states such as Texas continue to garner significant interest amongst private investors in 1031 exchanges.” “New construction properties with investment grade tenants continue to be in high demand amongst investors” said John Feeney, Senior Vice President of The Boulder Group.
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