The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Culver\u2019s property located at 401 Milwaukee Avenue in Lincolnshire, Illinois for $1,725,000.<\/p>\n
The three-acre property is strategically located at a signalized intersection along Milwaukee Avenue, the primary thoroughfare in the area. Milwaukee Avenue experiences traffic counts of 31,700 vehicles per day. The property is located in an affluent area with over 48,600 people living within a three-mile radius earning an average household income in excess of $170,000 per year. Daytime employment within a three-mile radius of the property is roughly 76,000 people.<\/p>\n
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller and the buyer in the transaction. The seller is a Chicago based real estate company and the buyer is a private investor.<\/p>\n
\u201cE-commerce resistant retailers including tenants in the QSR sector continue to be in high demand amongst investors\u201d said Randy Blankstein, President of The Boulder Group.\u00a0 Jimmy Goodman, Partner of The Boulder Group, added, \u201cSingle tenant restaurant properties continue to garner significant interest amongst private investors.\u201d<\/p>\n