Press release
The Boulder Group Arranges Sale of Net Leased Chicago MSA Slumberland Furniture
The 42,676-square-foot building benefits from its strategic location off North Randall Road, which sees over 34,800 vehicles per day and serves as a key thoroughfare in the area. North Randall Road is a highly trafficked retail corridor, home to national brands such as Menards, Target, Kohl's, Harbor Freight, Hobby Lobby, Walmart, The Home Depot, and Best Buy. The property is situated in an affluent area, with a population earning an average household income exceeding $177,000 within a three-mile radius. The surrounding five-mile area is home to over 110,000 residents. The property is conveniently located near Batavia High School, which serves 2,000 students.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction. The seller is a Northeast based real estate investor, and the buyer was an investor based in the Midwest.
Slumberland Furniture is a leading home furnishings retailer that has been serving customers across the United States since its founding in 1967. Headquartered in Little Canada, Minnesota, Slumberland has grown into one of the largest furniture retailers in the Midwest, with over 120 stores in 12 states.
"This property is in an affluent community where incomes exceed $177,000 with limited vacancy" said Randy Blankstein, President of The Boulder Group. Jimmy Goodman of The Boulder Group, added, "The market for big box stores assets with at or below market rents remains active as they offer a stable investment at attractive yields."
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 2013-2024, 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-chicago-msa-slumberland-furniture]
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
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