The Boulder Group, a net leased investment brokerage firm completed the sale of a single tenant Burlington located at 85 Stonebrook Place in Jackson, Tennessee for $6,000,000.
The approximately 24,985 square foot Burlington building is strategically located within the primary retail destination of West Towne Commons in Jackson, Tennessee. The property has recently been renovated to suit the needs of Burlington. The Burlington is located near the signalized intersection of US 45 Bypass and Oil Well Road which experiences a combined traffic count more than 60,000 vehicles per day. US 45 Bypass is the primary north-south thoroughfare in the trade area. Interstate 40 experiences traffic counts more than 50,758 vehicles per day. This vibrant retail corridor features many national retailers such as Kroger, Target, T.J. Maxx, Burke’s Outlet, Petco, Dollar Tree, Academy Sports, OfficeMax, Outback Steakhouse, Red Lobster, McDonald’s, and many others.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller who was a real estate investor based in the southeast. The buyer was in a 1031 exchange and based in California.
Burlington, formerly known as Burlington Coat Factory, is an American national off - price department store retailer, and a division of Burlington Coat Factory Warehouse Corporation with 631 stores in 40 states, with its corporate headquarters located in Burlington, New Jersey.
“The subject property is well positioned in a dominant retail corridor” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added, “Net lease investors are willing to pay a premium for income tax free states like Tennessee.”
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. www.bouldergroup.com
Company Name: The Boulder Group
Contact Person: Randy Blankstein
Email: Send Email
Address:3520 Lake Avenue Suite 203
Country: United States