The Boulder Group Arranges Sale of Single Tenant Net Leased Walmart

October 04 22:38 2019
The Boulder Group Arranges Sale of Single Tenant Net Leased Walmart
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller and the buyer in the transaction

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Walmart property located at 475 TX-36 in Caldwell, Texas for $2,965,914.

The 34,944 square foot building is strategically positioned along the primary north-south thoroughfare of Caldwell. Walmart benefits due to the lack of competition in the area as it pulls from multiple nearby regions and has a low rent-to-sales ratio at this location. Additionally, sales at this location have been increasing annually. Caldwell is approximately twenty-five miles west of Texas A&M University which has 69,367 students. 

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller and the buyer in the transaction. The seller is a New York based real estate company and the buyer was a private investor.

Walmart has a long and successful operating history at the location and has exercised multiple renewal options which demonstrates their commitment to the location. The lease was most recently extended in 2019 and there are now approximately six years remaining in the primary term of the absolute triple net lease. Walmart has successfully been operating at this location since 1984.

“Walmart properties with proven operating histories continue to garner significant investor interest.” said Randy Blankstein, President of The Boulder Group.  Jimmy Goodman, Partner of The Boulder Group, added, “Texas properties continue to be in demand with all investor classes.”

About The Boulder Group

The Boulder Group is a boutique investment real estate service firm specializing in single tenant 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 over $5 billion of single tenant net lease real estate transactions. From 2012-2018, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by both Real Capital Analytics and CoStar. The Boulder Group is headquartered in suburban Chicago. www.bouldergroup.com

Media Contact
Company Name: The Boulder Group
Contact Person: Randy Blankstein
Email: Send Email
Phone: 8478816388
Address:3520 Lake Avenue Suite 203
City: Wilmette
State: Illinois
Country: United States
Website: http://www.bouldergroup.com/NNN-Properties-For-Sale.html

  Categories: