CHICAGO—As reported in GlobeSt.com, thesingle tenant net leased market has been red hot for quite sometime, as buyers bid up properties seen as safe investments. Butfew, if any type of property is in as much demand as banks.
The Boulder Group, a netleased investment broker in suburban Northbrook, for example, justcompleted the sale of a single tenant Bank ofAmerica property located at 4200 S. Ashland Ave. inChicago to a Canadian investor for $5,150,000.
"Banks are typically the only net leaseinvestments that offer leases of over 15 years, investment-gradetenants and include built-in rental escalations,” RandyBlankstein, president of Boulder, told GlobeSt.com. “A lotof people worry about inflation down the track and rentalescalations alleviate that concern.”
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
