The Boulder Group, a net leased investment brokerage firm completed the sale of a single tenant Taco Bell portfolio located in Clarksdale and Greenwood Mississippi for $3,780,740.
The Greenwood, MS Taco Bell is positioned along West Park Avenue (14,000 VPD), which feeds into US Highway 82 (25,000 VPD). There is a large variety of tenants positioned along Park Avenue. Those of which include Walmart, Tractor Supply Company, Save-A-Lot, Bath & Body Works, and Dollar General. QSR tenants include McDonald’s, Burger King, Sonic, KFC, Captain D’s, and Wendy’s.
The Clarksdale, MS Taco Bell is positioned along South State Street (22,000 VPD), a primary corridor that hosts Clarksdale’s retailers. Big box tenants in the area include Walmart Supercenter and Kroger. Various QSR’s and retailers include McDonald’s, Dollar Tree, TrueValue, O’Reilly Auto Parts, Burger King, Wendy’s, and more. Within close proximity is Clarksdale High School and Coahoma County RV Park.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction who was a private investment firm based in the northwest. The buyer was a high-net-worth individual based on the west coast
“Single tenant restaurant properties with long term leases and rental escalations are the most sought-after net lease product,” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman of The Boulder Group, added, “E-commerce resistant food-based retailers continue to be in high demand amongst investors especially with drive-thrus.”
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 2012-2021, 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
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Address:3520 Lake Avenue Suite 203
Country: United States