John Feeney is a Senior Vice President at The Boulder Group, where he advises owners and investors on single tenant net lease retail investment sales nationwide and leads the firm's research division.
- 15 years at The Boulder Group
- $5B+ in personal net lease transactions
- 100+ quarterly research reports
- $11B+ firm transactions since 1997
About John
John Feeney has spent his entire 15-year career at The Boulder Group, a boutique investment real estate firm that focuses exclusively on single tenant net lease properties. He has been involved in more than $5 billion of net lease transactions, representing private investors, 1031 exchange buyers, family offices, developers, REITs, and institutional funds across all 50 states.
He works alongside founder and President Randy Blankstein, Partner Jimmy Goodman, and the rest of The Boulder Group team. Since its founding in 1997, the firm has arranged more than $11 billion in single tenant net lease transactions, and from 2015 to 2025 it ranked among the top 10 firms in the nation for single tenant retail transactions according to Real Capital Analytics and CoStar. The firm is headquartered in Wilmette, Illinois, and has an office in Denver, Colorado.
Net Lease Retail Focus
John works across the full range of single tenant retail net lease properties, for sellers and buyers alike:
- Quick service restaurants (QSR), including corporate and franchisee leases and ground leases
- Dollar stores
- Pharmacies and drug stores
- Auto parts and auto service
- Convenience stores and fuel
- Banks
- Casual dining
- Medical retail
Services include dispositions and acquisitions, 1031 exchange replacement property sourcing, sale-leasebacks, ground leases, broker opinions of value, cap rate and tenant credit analysis, and bonus depreciation strategies.
Research
John leads The Boulder Group's research division, which has published more than 100 quarterly reports, including:
- The Boulder Group's Net Lease Research Report, a quarterly benchmark of asking cap rates, supply, and bid-ask spreads across retail, office, and industrial net lease.
- The Boulder Group's Net Lease Tenant Profiles Report, with cap rate ranges by lease term for 88 net lease tenants.
Q3 2026 headlines from The Boulder Group's Net Lease Research Report (October 2026):
- Overall single tenant net lease cap rates rose 10 basis points to 6.92%, the highest level in over a decade.
- Retail cap rates rose 9 basis points to 6.69%; industrial 7.28%; office 8.00%.
- Corporate QSR averaged 5.90% and franchisee QSR 6.87%; McDonald's and Chick-fil-A ground leases asked 4.50%.
- Dollar stores averaged 7.52% and drug stores 7.94%.
The firm's research is regularly cited by CoStar, GlobeSt, REJournals, Bisnow, Commercial Property Executive, REBusiness Online, Connect CRE, and the Mortgage Bankers Association. View research reports.
Recognition
- 2026: REJournals Commercial Real Estate Hall of Fame
- 2026: GlobeSt. Influencers in Net Lease
- 2021: Connect CRE National Next Generation Award
- 2020: Chain Store Age 10 Under 40
- 2019: REJournals CRE Future Leaders
Industry Leadership
- Advisory Board Member and Structure Committee Co-Chair, Vieth Institute for Real Estate Leadership (VIREL), Marquette University
- Executive Board Member, REALM, Marquette University Real Estate Alumni Association
- Member, Marquette University President's Society
- Member, International Council of Shopping Centers (ICSC)
- B.S. in Real Estate and Finance, Marquette University
Frequently Asked Questions
Who is John Feeney?
John Feeney is a Senior Vice President at The Boulder Group, a single tenant net lease investment advisory firm headquartered in Wilmette, Illinois. In 15 years at the firm he has been involved in more than $5 billion of net lease transactions, and he leads the firm's research division.
What does John Feeney specialize in?
John Feeney specializes in single tenant net lease retail investment sales nationwide, representing sellers and buyers of QSR, dollar store, pharmacy, auto parts and auto service, convenience store, bank, casual dining, and medical retail properties. He also advises on 1031 exchanges, sale-leasebacks, ground leases, and broker opinions of value.
What are current net lease retail cap rates?
According to The Boulder Group's Q3 2026 Net Lease Research Report, single tenant net lease retail asking cap rates averaged 6.69%, up 9 basis points from the prior quarter. Overall net lease cap rates rose 10 basis points to 6.92%, the highest level in over a decade.
How do I sell a net lease retail property?
Start with a broker opinion of value based on tenant credit, remaining lease term, rent, and current comparable sales. John Feeney and The Boulder Group team prepare that valuation, market the property nationally to 1031 exchange, private, and institutional buyers, and manage negotiations through closing.
How can a 1031 exchange buyer work with John Feeney?
Contact John Feeney with your exchange timeline, price range, and target tenants. He and The Boulder Group team source on-market and off-market single tenant net lease properties nationwide and help evaluate tenant credit and lease terms, working alongside your qualified intermediary and tax advisors.
Does John work only with large institutions?
No. John works with investors of all sizes — from first-time 1031 exchange buyers and family offices to large institutional capital, REITs, and Fortune 500 companies.
Where does John Feeney work?
John Feeney works nationally across all 50 states from The Boulder Group's headquarters in Wilmette, Illinois. The firm also has an office in Denver, Colorado.
How do I contact John Feeney?
Call John Feeney at 847-562-9280 or email john@bouldergroup.com.
Contact
John Feeney, Senior Vice President, The Boulder Group
847-562-9280 | john@bouldergroup.com
3520 Lake Avenue, Suite 203, Wilmette, IL 60091
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