The Boulder Group Completes Sale of a Ground Leased Logan’s Roadhouse Property in Salina, KS

Northbrook, IL – July 21, 2011 – (RealEstateRama) — The Boulder Group, a net leased investment brokerage firm, has completed the sale of a ground leased Logan’s Roadhouse property located at 3050 Riffel Drive in Salina, KS for $1,446,000.

The 6,533 square foot building was developed in 2008. The property is located just off the heavily traveled intersection of Schilling Road and South 9th Street. The building is adjacent to a Wal-Mart Supercenter, Courtyard Marriott and a Hampton Inn. The property is ground leased on an absolute net basis to Logan’s Roadhouse for a 20 year lease term. Logan’s Roadhouse is a private company that operates 211 restaurants in 23 states.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the buyer in the transaction. The seller was a Kansas based developer and the buyer was a Chicago based high net worth investor.

“Ground leased properties remain in high demand as they offer a secure investment that combines above average rental escalations with zero landlord responsibilities” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added, “The single tenant marketplace remains active for high net worth individuals looking to diversify their investment portfolios.”

About The Boulder Group

The Boulder Group is a boutique investment real estate service firm specializing in 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 participated in the acquisition and disposition of more than $1.2 billion of net lease real estate transactions through several real estate cycles. The Boulder Group is headquartered in suburban Chicago. The company’s website address is www.bouldergroup.com

Contact:
Randy Blankstein
The Boulder Group

847-562-0003
randy (at) bouldergroup (dot) com

 

 

No related posts.

Recent Posts

• • Erik Murray, CCIM Joins Lee & Associates Kansas City As Principal
  • The Boulder Group Arranges Sale of a Triple Net Leased Dollar General Property in Kansas City, Kansas
  • CITY OF HUMBOLDT CELEBRATES GRAND OPENING OF NEW SENIOR HOUSING
  • GOVERNOR BROWNBACK PROCLAIMS APRIL FAIR HOUSING MONTH
  • Sandy Garber brings innovative IDX Broker functionality to her Lawrence, Kansas real estate website

Popular Posts

• • Metro New Home Starts Post Back-to-Back Monthly Gains
  • CALL FOR PRESENTATIONS: 2011 Kansas Housing Conference
  • STATEWIDE HOMELESS POINT-IN-TIME COUNT TAKES PLACE WEDNESDAY, JANUARY 26TH
  • Rental Costs Increasingly "Out of Reach" for Thousands of Kansas Families
  • VOLUNTEERS NEEDED FOR 2011 KANSAS HOMELESS COUNT
  • Rental Assistance to Help Kansas Families Secure Safe, Affordable Housing
  • Officials from the City of Pittsburg, the Pittsburg Area Chamber of Commerce
  • DENNIS L. MESA NAMED EXECUTIVE DIRECTOR OF KANSAS HOUSING RESOURCES CORPORATION
  • My Big Fat Greek Restaurant Grand Opening November 3
  • HUD ANNOUNCES DISASTER ASSISTANCE FOR KANSAS STORM VICTIMS