The Boulder Group, a net leased investment brokerage firm completed the sale of a single tenant Tractor Supply Company located at 825 US Highway 287 in Lafayette, Colorado for $6,800,000.
The 21,930 square foot building benefits from its location just off of North 107th Street (61,900 VPD), which is a primary north-south thoroughfare in the area. Tenants in the area include Walmart Supercenter, Kohl’s, Bank of America, Murphy USA, Walgreens, Advance Auto Parts, Sherwin-Williams, and more. There are 166,459 people living within five miles of the property earning an average income of $139,592. The property is only 10 miles east of Boulder, Colorado as well.
Based in Nashville, Tennessee, Tractor Supply Company is the largest retail farm and ranch store chains in the U.S. Tractor Supply Company operates over 1,944 stores in 49 states, focused on supplying the lifestyle needs of recreational farmers and ranchers. It also serves the maintenance needs of those who enjoy the rural lifestyle as well as tradesmen and small businesses. Located in towns outlying major metropolitan markets and rural communities, Tractor Supply stores offer a comprehensive selection of merchandise.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the buyer in the transaction who was in a 1031 exchange and based in California. The seller was represented by Andrew Bogardus of Cushman and Wakefield.
“Single tenant new construction properties with long term leases are the most sought-after net lease products” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added, “The property’s position within the retail trade corridor made this an attractive acquisition and the Denver MSA is one of the most active 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 2012-2021, 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
Email: Send Email
Address:3520 Lake Avenue Suite 203
Country: United States