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The Boulder Team Arranges Sale of Net Leased Starbucks in Iowa

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The Boulder Team Arranges Sale of Net Leased Starbucks in Iowa
The Boulder Team Arranges Sale of Net Leased Starbucks in Iowa

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Jan 06, 2021 (AB Electronic through COMTEX) —
The Boulder Group, a web leased financial commitment brokerage firm finished the sale of a single tenant Starbucks positioned at 3232 Center Road in Bettendorf, Iowa for $1,675,000.

The 2,100 square foot constructing gains from its locale along Center Road (21,200 VPD), which is a primary east-west thoroughfare. Starbucks is placed amongst two retail centers together Center Highway. Tenants on the east end of Middle Road contain Hy-Vee, Walgreens, The UPS store, Arby’s, Taco Bell, and Dunkin’. Cumberland Square is positioned on the west conclusion of Middle Highway with tenants Dollar Typical, Pizza Hut, Wendy’s, Goodwill, CVS Pharmacy, and Wells Fargo. The property is also positioned in shut proximity to Interstate 74 (51,000 VPD). Bettendorf Significant University (1,550 college students) is also situated fewer than 1 mile northwest of the Starbucks house. There are 140,189 people today living in 5 miles of the residence with an common once-a-year revenue of $82,019.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the two sides in the transaction. The purchaser was a non-public Midwest based mostly genuine estate investor and the vendor was a Midwest based unique trader.

Starbucks has about 8 years remaining on their lease with 4 5-yr renewal possibilities. Starbucks Company is an American multinational chain of coffeehouses and roastery reserves headquartered in Seattle, Washington.

“New development attributes with expenditure quality rated tenants, like Starbucks, are a incredibly hot commodity,” mentioned Randy Blankstein, President of The Boulder Team. Jimmy Goodman, Husband or wife of The Boulder Group, additional, “We were being able to connect the vendor with a customer just 45 times following listing the residence.”

About The Boulder Group

The Boulder Team is a boutique expense real estate assistance firm specializing in solitary tenant net lease attributes. The firm provides a complete array of brokerage, advisory, and financing services nationwide to a substantial and diversified consumer base, which contains large web truly worth people today, builders, REITs, partnerships and institutional expenditure funds. Established in 1997, the organization has arranged the acquisition and disposition of about $6 billion of solitary tenant internet lease true estate transactions. From 2012-2019, the business was ranked in the leading 10 companies in the country for one tenant retail transactions by equally Serious Money Analytics and CoStar. The Boulder Team is headquartered in suburban Chicago: www.bouldergroup.com

Media Get in touch with
Corporation Title: The Boulder Team
Get in touch with Human being: Randy Blankstein
Email: Ship Email
Mobile phone: 8478816388
Address:3520 Lake Avenue Suite 203
Metropolis: Wilmette
State: Illinois
Region: United States
Web site: https://www.bouldergroup.com/NNN-Houses-For-Sale.html

COMTEX_377319800/2555/2021-01-06T17:07:30

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