Northbrook, IL, March 10, 2012 --(PR.com
)-- The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant triple net leased National Tire and Battery Auto Parts property located at 2010 Eagle Drive in Woodstock, GA for $2,500,000.
National Tire and Battery Auto Parts is the sole occupant of the 7,383 square foot retail building that was developed in 2012. The property is located on a 1.2 acre parcel in Woodstock, GA. Woodstock is located in the northwest portion of the Atlanta MSA. The property featured a newly constructed building combined with a long term lease to an investment grade rated tenant.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the buyer, a high net worth family office, in the transaction. The seller was a southeast based developer.
National Tire and Battery Auto Parts had fifteen years of lease term remaining on triple net lease with a rental escalation in the primary term. National Tire and Battery Auto Parts is owned by TBC Corporation. TBC Corporation has been in business since 1956 and is the nation’s largest independent marketer of automotive replacement tires.
“The market for net leased National Tire and Battery Auto Parts properties remains strong as investors are attracted to new development of investment grade tenanted properties,” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added, “There are limited property options for the private buyers seeking investment grade companies with new twenty five year leases, therefore this is a very attractive asset in the current market.”
About The Boulder Group
The Boulder Group is a boutique investment real estate service firm specializing in net lease properties. The firm provides a full range of brokerage, advisory, and financing services nationwide to a substantial and diversified client base, which includes high net worth individuals, developers, REITs, partnerships and institutional investment funds. Founded in 1997, the firm has arranged the acquisition and disposition of more than $1.2 billion of net lease real estate transactions through several real estate cycles. The Boulder Group is headquartered in suburban Chicago. The company’s website address is www.bouldergroup.com