The Boulder Group Arranges Sale of Net Leased C-Store in Oklahoma

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the buyer in the transaction.
The Boulder Group, a net leased investment brokerage firm, completed the sale of a net leased Chisholm Corner convenience store located at 719 US-81 in Duncan, Oklahoma for $1,350,000.

The property benefits from its location along US-81 (19,100 vehicles per day). The surrounding area has a population of 32,998 people within a ten-mile radius, with an average household income of $79,834.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the buyer in the transaction. The buyer is a Louisiana-based private investor and the seller is a commercial real estate acquisition and development firm located in Texas.

The lease is absolute 15-year net lease with 13 years of lease term remaining. The lease contains 10% rental escalations every 5 years and has four 5-year renewal options. The property has excellent sales and had a rent-to-sales ratio below 4.5% in 2023.

The lease is corporately guaranteed by a 79-unit division of Monfort Companies. Chisholm Corner is a 19-store convenience store chain located in southwest Oklahoma and north-central Texas.

"Gas station properties rank among the top net lease investments for investors seeking to leverage bonus depreciation benefits" said Randy Blankstein, President of The Boulder Group. Jimmy Goodman of The Boulder Group, added, "Gas station properties featuring long lease terms with significant rent increases continue to garner substantial interest from private investors."

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 $9 billion of single tenant net lease real estate transactions. From 2013-2023, 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 and has an office in Denver.

www.bouldergroup.com [http://www.bouldergroup.com/]

Media Contact
Company Name: The Boulder Group
Contact Person: Randy Blankstein
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=the-boulder-group-arranges-sale-of-net-leased-cstore-in-oklahoma]
Phone: 8478816388
Address:3520 Lake Avenue Suite 203
City: Wilmette
State: Illinois
Country: United States
Website: https://www.bouldergroup.com/NNN-Properties-For-Sale.html



This release was published on openPR.