{"id":1582,"date":"2018-06-19T20:29:06","date_gmt":"2018-06-19T20:29:06","guid":{"rendered":"http:\/\/www.bouldergroup.com\/blog\/?p=1582"},"modified":"2018-06-19T20:43:42","modified_gmt":"2018-06-19T20:43:42","slug":"net-lease-cvs-portfolio","status":"publish","type":"post","link":"https:\/\/www.bouldergroup.com\/blog\/net-lease-cvs-portfolio\/","title":{"rendered":"Net Lease CVS Portfolio Sale Arranged"},"content":{"rendered":"<p>The Boulder Group, a net leased investment brokerage firm, has completed the sale of two single tenant net leased CVS property locations in Ohio for $5,207,500.<\/p>\n<p>The sale includes the following locations:<\/p>\n<ul>\n<li>600 W Maple Street, Hartville, OH<\/li>\n<li>8001 W 130<sup>th<\/sup> Street, North Royalton, OH<\/li>\n<\/ul>\n<p>The Hartville location is strategically positioned at the signalized intersection of Maple Street and Kent Avenue. Maple Street is the primary east-west thoroughfare in the trade area.\u00a0 The property is benefitted by its location in the primary retail corridor in the area.\u00a0 Retailers located in the immediate area include Big Lots, Goodwill, Giant Eagle, AutoZone, PNC Bank, Chase Bank and a number of quick service restaurants.\u00a0 The average annual household income within a three mile radius of the property is in excess of $82,000.<\/p>\n<p>The North Royalton located is strategically positioned on the southeast corner of 130th Street and Sprague Road, a signalized intersection, in a densely populated residential area.\u00a0 130th Street and Sprague Road are two primary thoroughfares in North Royalton experiencing a combined traffic count of more than 27,500 vehicles per day.\u00a0 Retailers located in the immediate area include Dollar General, Dairy Queen, Sunoco Gas Station and a number of local businesses. The average annual household income within a one mile radius of the property is in excess of $79,850.\u00a0 There are approximately 65,300 people living within a three mile radius of the property.<\/p>\n<p>Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction; a Midwest based real estate investment company.\u00a0 The purchaser was a Southeast based real estate partnership.<\/p>\n<p>The CVS Pharmacy leases have approximately 5 years remaining in the primary term that expire in January 2023. The lease features ten 5-year renewal option periods. CVS Pharmacy is the nation\u2019s second-largest drugstore chain operating more than 9,700 locations in 49 states, the District of Columbia, Puerto Rico and Brazil.<\/p>\n<p>\u201cSingle tenant portfolios with solid real estate fundamentals continue to be in great demand\u201d said Randy Blankstein, President of The Boulder Group.\u00a0 Jimmy Goodman, Partner of The Boulder Group, added, \u201cSingle tenant properties below $5,000,000 are in the greatest demand amongst private investors.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p><strong>About The Boulder Group<\/strong><\/p>\n<p>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 $4 billion of single tenant net lease real estate transactions. From 2012-2017, 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. <a href=\"http:\/\/www.bouldergroup.com\">www.bouldergroup.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Boulder Group, a net leased investment brokerage firm, has completed the sale of two single tenant net leased CVS property locations in Ohio for $5,207,500. The sale includes the following locations: 600 W Maple Street, Hartville, OH 8001 W 130th Street, North Royalton, OH The Hartville location is strategically positioned at the signalized intersection [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":1586,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[380],"class_list":["post-1582","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sold-properties","tag-net-lease-cvs-portfolio"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Net Lease CVS Portfolio Sale Arranged - The Boulder Group<\/title>\n<meta name=\"description\" content=\"The Boulder Group, a net leased investment brokerage firm, has completed the sale of two single tenant net leased CVS property\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bouldergroup.com\/blog\/net-lease-cvs-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Net Lease CVS Portfolio Sale Arranged - 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