The Boulder Group Arranges Sale of Dallas Net Lease Harley-Davidson Property
The Boulder Group, a net leased investment brokerage firm, completed the sale of a net leased Harley-Davidson property located at 4000 N US Highway 75 in Sherman, Texas for $5,900,000.
The 20,000 square foot building is located immediately off US-75 (54,544 VPD) and US-82 (26,313 VPD) in Sherman’s primary retail corridor. The property is an outparcel to a Target anchored shopping center and near other retailers including Walmart Supercenter, Home Depot, Cinemark, Lowe’s, Sam’s Club, Kohl’s and ALDI. Sherman, Texas is 70 miles north of Dallas and 31 miles southwest of Durant, Oklahoma. There are approximately 50,000 people living within five miles of the property with a projected growth rate of 8.81% over the next five years.
The Harley-Davidson lease has approximately five years remaining. The lease is absolute NNN and features zero landlord responsibilities. There are two 5-year renewal option with 10% rental escalations in each option. This store generates a low rent-to-sale ratio below 4%. The tenant of the property is Texoma Harley Davidson. Texoma Harley-Davidson is part of the Calculated Risk Motorcycle Group Harley-Davidson family, which reaches over North, Central and East Texas.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction. The buyer was a west coast-based investor and the seller was a Texas based investor.
“Investors seeking higher yields are buying shorter term leased properties with quality real estate fundamentals” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added, “Properties in primary retail trade areas continue to garner significant interest amongst private investors.”
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 2012-2019, 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
Media Contact
Company Name: The Boulder Group
Contact Person: Randy Blankstein
Email: Send Email
Phone: 8478816388
Address:3520 Lake Avenue Suite 203
City: Wilmette
State: Illinois
Country: United States
Website: http://www.bouldergroup.com/NNN-Properties-For-Sale.html
