Press release
The Boulder Group Arranges Sale of Net Leased Ohio Dollar General
The 10,566 square-foot property is positioned along Tallmadge Road (8,100 VPD) and just off State Route 43 (13,500 VPD). It also benefits from its proximity to Interstate 76 which experiences over 60,700 vehicles per day and connects to downtown Akron. The property benefits from a built-in customer base due to the new Redwood Apartments under construction directly across the street. It is situated in an area with a strong demographic profile, boasting a population of 76,000 within a five-mile radius, surpassing the average for Dollar General locations. The average household income within this radius exceeds $91,000. Additionally, the property is strategically located minutes from national retailers, including Menards, Meijer, Walmart, Lowe's, Kohl's, Petco, Chipotle, Panera, Starbucks, and other prominent brands.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction. The seller is a preferred Dollar General developer, and the buyer is a Delaware Statutory Trust.
Dollar General is an investment grade rated company with a Standard & Poor's rating of BBB. Dollar General operates more than 20,000 stores in 48 states.
"This location features above-average demographics for a typical Dollar General site, which made it move fast," said Randy Blankstein, President of The Boulder Group. Jimmy Goodman of The Boulder Group, added, "The market for new construction net leased dollar stores 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.
More info: 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-ohio-dollar-general]
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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