(MENAFN – GetNews) Jimmy Goodman and John Feeney from The Boulder Group represented both sides of the deal
Boulder Group, a net-leased investment brokerage firm, completed the sale of a single-tenant net-rented Kroger property at 4119 Boonsboro Road in Lynchburg, Virginia for $ 9,900,000.
The 77,402 square foot lot benefits from its location on Boonsboro Road (13,000 VPD). The Kroger store serves as the anchor for the mall known as The Village Markets. In addition to Kroger, tenants include Snap Fitness, the Mexican restaurant Mi Patron and the Italian restaurant Milano. Kroger has confirmed that they will be building a gas station and there are plans for a new building inside the mall to add retail and parking. There are 71,204 people living within 5 miles of the property and making an average annual income of $ 66,651. The property is less than 5 miles from downtown Lynchburg, Virginia.
The Kroger Company is an American retail company founded by Bernard Kroger in Cincinnati, Ohio in 1883. It is the top-selling supermarket in the United States ($ 121.16 billion for 2019). Kroger ranks 23rd in the Fortune 500 ranking of the largest US companies by total revenue.
Jimmy Goodman and John Feeney of The Boulder Group represented both sides of the deal. The seller was a Midwestern real estate company and the buyer was a Midwestern institution.
“Proven food real estate with proven operational experience continues to attract great investor interest,” said Jimmy Goodman, partner at Boulder Group. John Feeney, Senior Vice President, Boulder Group added, “Grocery stores with gas stations are becoming a standard tactic for attracting customers to a one-stop shop.
About the Boulder Group
Boulder Group is a boutique investment real estate services company specializing in net rental properties for single tenants. The company offers a comprehensive range of brokerage, advisory and financing services nationwide for an extensive and diversified customer base, which includes high net worth individuals, developers, REITs, partnerships and institutional investment funds. Founded in 1997, the company has arranged to acquire and dispose of net rental transactions for individual tenants valued at over $ 6 billion. From 2012 to 2020, the company was named one of the top ten companies in the country for single-tenant retail businesses by both Real Capital Analytics and CoStar. The Boulder Group is headquartered in the suburbs of Chicago:
Name of the company: The Boulder Group
Interlocutor: Randy Blankstein
E-mail: Send e-mail
Address: 3520 Lake Avenue Suite 203
Country: United States
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