The Boulder Group, a net leased investment brokerage firm completed the sale of National Vision\u2019s net leased office headquarters at 2435 Commerce Avenue in Duluth, Georgia for $7,415,000. \u00a0\u00a0National Vision is a publicly traded company on the Nasdaq.<\/p>\n
The 56,903 square foot net leased office building benefits from its location just off of Satellite Boulevard NW (54,100 VPD), which is a primary east-west thoroughfare in the area. The property is located in a business park accompanied by a multitude of office and industrial tenants. Those of which include Amazon, Airgas, Assurant, Valmet, Datapath, Intertek, ADT Security, and several others. The business park is also positioned next to a major retail corridor surrounding Gwinnett Place Mall with retailers such as Macy\u2019s, Beauty Master, Mega Mart, and an assortment of car dealers and restaurants. There are 233,861 people living within five miles of the property earning an average annual household income of $83,100.<\/p>\n
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller who was a Midwest based real estate company. The buyer was a Southwest based real estate investment firm.<\/p>\n
National Vision utilizes this property as their corporate headquarters and performs a multitude of operations here. This location hosts their executive offices, both billing and sales departments, optometry training, a retail section for customers to visit, and an employee fitness center.<\/p>\n
\u201cProperties with significant tenant renovations inspire investor confidence\u201d said Randy Blankstein, President of The Boulder Group.\u00a0 Jimmy Goodman, Partner of The Boulder Group, added, \u201cInvestors gravitate towards assets in office complexes in major markets.\u201d<\/p>\n