The Boulder Group, a net leased investment brokerage firm, has completed the sale of a new construction net leased ALDI ground lease property located at 1700 Old Pendergrass Road in Jefferson, Georgia for $1,790,000.<\/p>\n
The\u00a0 Georgia Aldi ground lease Property is situated three miles southeast of I\u201385 on the four\u2013lane Jefferson Bypass, US Hwy 129. Hwy 129 is the main thoroughfare between I\u201385 and the University of Georgia in Athens, GA with over 38,000 students (20 miles east of the Property). ALDI is located immediately adjacent to the 99,110 SF Kroger anchored Loggin\u2019s Corners. The Property benefits strongly from its proximity to the newly built ALDI SE Distribution Center located just six miles away within the Jefferson area.<\/p>\n
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the buyer in the transaction. The buyer was an international investor based in Germany and the seller was a private real estate company.<\/p>\n
\u201cNew construction properties with long lease terms 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, \u201cAldi and single tenant grocery properties continue to garner significant interest amongst private investors.\u201d<\/p>\n