The Boulder Group Arranges Sale of Net Leased Starbucks Property in Illinois

The Boulder Group, a net leased investment brokerage firm completed the sale of a single tenant Starbucks located at 1051 Route 59 in Antioch, Illinois for $2,460,000.
The 2,540 square-foot building benefits from its position along Illinois Route 59 (11,500 VPD) and proximity to Illinois Route 173 (12,900 VPD). The property is neighbored by several nationally recognized retailers that include Jewel-Osco, Ace Hardware, CVS Pharmacy, PNC Bank, and Advance Auto Parts. Other retailers found nearby include McDonald's, Chevrolet, Ford, Tractor Supply Company, NAPA Auto Parts, Dairy Queen, and Domino's Pizza. Additionally, the property is less than one mile from Antioch Community High School which has over 1,300 students enrolled. There are over 48,000 people living within a five-mile radius. Antioch is an affluent community that earns an average household income in excess of $128,000.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented both sides in the transaction. The seller is a Midwest based real estate firm, and the buyer was a partnership based in Washington.

Starbucks is an American global coffee company and coffeehouse chain based in Seattle. Starbucks was founded in 1985 as a local coffee roaster/ retailer and has grown into the largest coffeehouse company in the world.

"New construction properties with long term leases to investment grade tenants with rental escalations are the most sought-after net lease product" said Randy Blankstein, President of The Boulder Group. Jimmy Goodman of The Boulder Group, added, "While there remains a large supply of Starbucks properties on the market, The Boulder Group's marketing strategies still prevail."

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.

For more information, visit: 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-starbucks-property-in-illinois]
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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