The Boulder Group, a net leased investment brokerage firm completed the sale of National Vision’s office headquarters at 2435 Commerce Avenue in Duluth, Georgia for $7,415,000. National Vision is a publicly traded company on the Nasdaq.
The 56,903 square foot building benefits from its location just off of Satellite Boulevard NW (54,100 VPD), which is a primary east-west thoroughfare in the area. The property is located in a business park accompanied by a multitude of office and industrial tenants. Those of which include Amazon, Airgas, Assurant, Valmet, Datapath, Intertek, ADT Security, and several others. The business park is also positioned next to a major retail corridor surrounding Gwinnett Place Mall with retailers such as Macy’s, Beauty Master, Mega Mart, and an assortment of car dealers and restaurants. There are 233,861 people living within five miles of the property earning an average annual household income of $83,100.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller who was a Midwest based real estate company. The buyer was a Southwest based real estate investment firm.
National Vision utilizes this property as their corporate headquarters and performs a multitude of operations here. This location hosts their executive offices, both billing and sales departments, optometry training, a retail section for customers to visit, and an employee fitness center.
“Properties with significant tenant renovations inspire investor confidence,” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added, “Investors gravitate towards assets in office complexes in major markets.”
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 $6 billion of single tenant net lease real estate transactions. From 2012-2020, 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.
More info: www.bouldergroup.com
Company Name: The Boulder Group
Contact Person: Randy Blankstein
Email: Send Email
Address:3520 Lake Avenue Suite 203
Country: United States