The Boulder Group, a net leased investment brokerage firm, completed the sale of a single tenant net leased Walgreens property located at 315 North Webster Street in Taylorville, Illinois for $3,050,000.
The 14,550 square foot Walgreens benefits from its location at the signalized intersection of North Webster Street and West Park Street, which experiences 24,800 vehicles per day. Notable retailers nearby include Kroger, McDonald’s, Taco Bell, KFC, Wendy’s, Jimmy John’s, CVS, O’Reilly Auto Parts, AutoZone, Sherwin-Williams, Circle K, and Ace Hardware. The property is located near Taylorville Memorial Hospital and Taylorville High School. More than 14,800 people live within a five-mile radius, with an average annual household income of $76,115.
The Walgreens lease has 10 years remaining with ten 5-year renewal options. The lease is corporately guaranteed by Walgreens, which ranked #28 in the 2024 Fortune 500 list.
Randy Blankstein and John Feeney of The Boulder Group represented the seller in the transaction. The buyer is a private investor based in Illinois and the seller is a real estate investment trust based in Florida.
“Walgreens properties with recent lease extensions and long operating history continue to garner significant investor interest” said Randy Blankstein, President of The Boulder Group. John Feeney, Senior Vice President of The Boulder Group, added, “This deal illustrates that Walgreens remains a desirable tenant to many investors despite recent challenges in the drug store sector.”
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
Media Contact
Company Name: The Boulder Group
Contact Person: Randy Blankstein
Email: Send Email
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