Triple Net Walgreen’s For Sale

Oct. 13, 2010 - PRLog -- The Boulder Group, a national single tenant net lease investment brokerage firm, has been named the exclusive advisor for the sale of a Walgreen’s property in Ashland, Wisconsin.  

The investment sales team will be led by Boulder Group President Randy Blankstein and partner Jimmy Goodman who are marketing the property on behalf of a Wisconsin based developer. The property is listed for sale with an asking price of $4,071,000 which provides an initial cap rate of 7.0%. The property is free and clear of debt.

The property is located on Lake Shore Drive (Highway 2), which is the primary east-west thoroughfare in Ashland.  Lake Shore Drive passes through downtown Ashland and intersects with Interstate 35.  The property is located at the signalized intersection of Lake Shore Drive and Ellis Avenue across the street from Hotel Chequamegon.  Major retailers in the area include a Wal-Mart Supercenter, Pamida, County Market, IGA, Hallmark, Ace Hardware, Sears, and JC Penney.

About The Boulder Group

The Boulder Group is a boutique investment real estate service firm specializing in 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 participated in the acquisition and disposition of more than $1.2 billion of net lease real estate transactions through several real estate cycles. The firm’s internet address is www.bouldergroup.com