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Net Lease Walgreens Sold by The Boulder Group

December 26, 2023 at 04:16 AM EST

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

Net Lease Walgreens Sold by The Boulder Group

Randy Blankstein and John Feeney of The Boulder Group represented the seller in the transaction.

The Boulder Group, a net leased investment brokerage firm completed the sale of a single tenant Walgreens located at 7860 Raeford Road in Fayetteville, North Carolina for $5,160,000.

The 13,813 square-foot building benefits from its position along Raeford Road which experiences over 21,000 vehicles per day and is a primary thoroughfare leading to downtown Fayetteville. The subject Walgreens property is surrounded by several nationally recognized retailers including Lowe’s Home Improvement, Walmart Supercenter, ALDI, Food Lion, Tractor Supply Company, Chick-Fil-A, Goodwill, Advance Auto Parts, AutoZone, Dollar Tree, and many others. There is a large population of 102,840 people within a 5-mile radius that earn an average household income of $74,314.

Randy Blankstein and John Feeney of The Boulder Group represented the seller in the transaction. The seller was a real estate partnership, and the buyer was northeast based and in a 1031 exchange.

Walgreens is included in the Retail Pharmacy USA Division of Walgreens Boots Alliance, Inc., a global leader in retail pharmacy. As America’s most loved pharmacy, health and beauty company, Walgreens purpose is to champion the health and wellbeing of every community in America. Operating more than 9,000 retail locations across America, Puerto Rico and the U.S. Virgin Islands, Walgreens is proud to be a neighborhood health destination serving approximately 8 million customers each day.

“Walgreens has a prime signalized hard corner location in a dense retail corridor.” said Randy Blankstein, President of The Boulder Group. John Feeney, Senior Vice President of The Boulder Group, added, “Walgreens extended the lease through 2034 which demonstrated long term commitment.”

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 $8 billion of single tenant net lease real estate transactions. From 2012-2022, 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. 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