The Boulder Group, a net leased investment brokerage firm, completed the sale of a single tenant net lease Pick \u2018n Save property located in Milwaukee, Wisconsin for $20,000,000.<\/p>\n
The 120,000 square foot net lease Pick \u2018n Save property is positioned within a well populated retail area. Tenants around the property include Starbucks, Domino\u2019s Pizza, U.S. Bank, Dunkin\u2019, McDonalds, Napa Auto Parts, Culver\u2019s, and more. There are over 231,559 people living within 5 miles of the property earning an average annual income of $68,413.<\/p>\n
Jimmy Goodman and John Feeney of The Boulder Group represented both the buyer and the seller in the transaction. The seller is a Milwaukee based real estate investor. The Buyer is a national private real estate company.<\/p>\n
The Pick \u2018n Save property features a corporate guaranty from Kroger and has over 8 years remaining on the primary lease. Roundy’s is a subsidiary of Kroger, which operates 153 supermarkets and 99 pharmacies throughout the states of Wisconsin and Illinois. Based on fiscal year 2012 sales, Roundy’s was the 37th largest grocery store chain. In December 2015, Roundy’s became a subsidiary of Kroger of Cincinnati, Ohio. Kroger ranks among the top 5 in grocery store sales coming in at number 3 in sales out of all grocery retailers in 2021.<\/p>\n