Investors grab retail space in 1031 exchanges

The Boulder Group, a Northbrook, Ill.- based real estate investment brokerage firm, negotiated four retail property sales totaling 21,859 square feet across three states.

The total value of the transactions was $11 million.

In Winston Salem, N.C., a $5.8 million sale was consummated for a 13,600-square-foot, single-tenant retail building on which Walgreen's holds a 25-year triple net lease. A net lease investor from Chicago purchased the property as part of a 1031 exchange.

In Madison, Wis., a $2 million sale was consummated for a 1,306-square-foot, single-tenant retail building on which a Valvoline franchisee holds a 20-year triple net lease. A net lease investor from California purchased the property as part of a 1031 exchange.

Also in Madison, a $1.7 million sale was consummated for a 1,256-square-foot, single-tenant retail building on which a Valvoline franchisee holds a 20-year triple net lease. A net lease investor from California purchased the property as part of a 1031 exchange.

In Lancaster, Texas, a $1.5 million sale was consummated for a 5,697-square-foot, single-tenant retail building on which Chili's holds a 10-year triple net ground lease. A net lease investor from California purchased the property as part of a 1031 exchange.

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