The Boulder Group Named Exclusive Advisor for Triple Net Leased Wendy's Disposition

The Boulder Group Named Exclusive Advisor for Triple Net Leased Wendy's Disposition

The Boulder Group, a national single tenant net lease investment brokerage firm, has been named the exclusive advisor for the sale of a Wendy's property in Midlothian, 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 family trust. The property is listed for sale with an asking price of $725,000 which provides an initial cap rate of 9.38%. The property is free and clear of debt.

The property is located less than 20 miles from downtown Chicago. The property was originally a built to suit for Wendy's and they have been at this location for over thirty-two years. This is an ideal location for Wendy's as it is located on a heavily trafficked roadway in a dense Chicago suburb. The property features a pylon sign and has a drive-thru lane for added customer convenience.

Midlothian is a southwest suburb of Chicago, featuring dense neighborhoods and home town living. Midlothian benefits from its close proximity to three major interstates including I-294, I-80, and I-57. Each of these major thoroughfares provide convenient access to downtown Chicago and both Chicagoland airports. Furthermore, the property is located a half-mile from Midlothian's Metra Train Station.

Wendy's is strategically located along Cicero Avenue just south 147th Street. There are over 35,700 vehicles passing the site daily providing a steady flow of traffic. The surrounding area includes multiple grocers and regional retail attractions.

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

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