The Boulder Group Named Exclusive Advisor for Single Tenant Net Leased Walgreen's Disposition

The Boulder Group, a national single tenant net lease investment brokerage firm

, has been named the exclusive advisor for sale of a Walgreen's property in Bloomingdale, Illinois.

The investment sales team will be led by Boulder Group President Randy Blankstein and partner Jimmy Goodman who are marketing the property on behalf of a private Chicago based investor. The property is listed for sale with an asking price of $4,387,000 which provides an initial cap rate of 7.75%. The property is free and clear of debt.

Completed in 2001, the double net leased Bloomingdale Walgreen's contains a 15,120 square foot retail building. The development is located on a The property is located on West Lake Street (US Route 2), which has a direct exit off Interstate 355. Interstate 355 and Interstate 290 intersect less than 4 miles east, allowing constant traffic near the property. Over 36,100 vehicles per day pass the site daily and the property is further benefited by a traffic signal at the intersection of West Lake Street and Springfield Drive. Less than a mile and a half south of the property, along Springfield Drive, is the Stratford Square Mall. The mall is anchored by Macy's, Kohl's, Carson Pirie Scott, Sears, JC Penney, Burlington Coat Factory, and the Century Theaters. Other major retailers in the immediate area include Meijer, Dominick's, and Big Kmart.

About The Boulder Group

The Boulder Group is a boutique investment real estate servicefirm specializing innet 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 participated in theacquisition and disposition of more than $1.2 billion of net lease real estate transactions through several real estate cycles. The firm's internet address is www.bouldergroup.com

The Boulder Group Named Exclusive Advisor for Single Tenant Net Leased Walgreen's Disposition

By: Randy Blankstein

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