The Boulder Group, a net leased investment brokerage firm completed the sale of a single tenant Cross America Partners C-Store located at 1698 Main Street in Chipley, Florida for $3,464,000.<\/p>\n
The 6,998 square-foot building is located along Main Street (15,800 vehicles per day) and benefits from the proximity to Interstate 10, which experiences over 21,500 vehicles per day. Interstate 10 connects Chipley to Tallahassee, FL and Mobile, AL. The property spans across two acres and is located across from Walmart Supercenter, a major traffic driver for the area. Other retailers nearby include Tractor Supply Company, AutoZone, Verizon, Wendy\u2019s, McDonald\u2019s, Dunkin\u2019s, Arby\u2019s, and several others. There are more than 20,000 people living within a ten-mile radius. Those of which earn an average household income of $69,707. The property is also minutes from Chipley High School (600 students) and Northwest Florida Community Hospital (59 beds).<\/p>\n
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction. The seller is a Louisiana-based investor, and the buyer was a firm based in the northeast<\/p>\n
Cross America Partners LP, headquartered in Allentown, Pennsylvania, is a leading wholesale distributor of motor fuels, a convenience store operator, and an owner and lessor of real estate used in the retail distribution of motor fuels in the United States.<\/p>\n
\u201cWith 100% bonus depreciation back on the table, we\u2019re seeing renewed investor interest in C-stores\u201d said Randy Blankstein, President of The Boulder Group.\u00a0 Jimmy Goodman of The Boulder Group, added, \u201cThis property stands out with its expansive 2-acre lot and a long-term lease.\u201d<\/p>\n