Two Net Leased Walgreens Properties Sale Arranged Date July 8, 2019
The Boulder Group, a net leased investment brokerage firm, has completed the sale of two single tenant net leased Walgreens properties for $8,126,135.
The 15,554 square foot Walgreens in Galesburg, Illinois benefits from its hard corner location along Highway 150 (22,000 VPD), a primary north-south thoroughfare. Additionally, the property is located immediately off of Highway 34 (18,560 VPD) near Galesburg High School, Gale Elementary School and Churchill Junior High School, driving continual traffic to the area. Retailers in the immediate area include Hy-Vee, Lowe’s, Target, AMC, Starbucks, Wells Fargo and McDonald’s.
The 15,051 square foot Walgreens in Jacksonville, Illinois benefits from its location along West Morton Avenue (20,200 VPD) which is a primary east-west thoroughfare. Retailers in the immediate area include ALDI, JCPenney, Home Depot, Walmart Supercenter and Shopko. The Walgreens property is also near Illinois College and Illinois School For The Deaf. The property is also just off of Interstate 72, connecting Jacksonville to Springfield, Illinois.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller. The seller was a Texas based Real Estate Company and The buyer was a Midwest based Real Estate Investor.
“Walgreens properties with proven operating histories continue to garner significant investor interest.” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added, “Properties with strong real estate fundamentals continue to be in demand with all investor classes.”
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