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NORTHBROOK, IL—Location has always been considered the most important factor in commercial real estate. But top-flight, single-tenant net-lease properties have become so scarce that some investors in that sector have begun looking outside the core markets in their hunt for deals.

The Boulder Group, a net-leased investment brokerage firm specializing in single-tenant assets, has, for example, completed the sales of a single-tenant McDonald’s ground-lease located at the intersection of Wabash Ave. and Archer Elevator Rd. in Springfield, Illinois for $978,260, and a single-tenant Aaron’s property located at 1418 East 4th Ave. in Hutchinson, Kansas for $1,241,000.

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