NORTHBROOK, IL—A lack of new construction has fueled investor demand for the available net leased retail properties even if, as reported in GlobeSt.com, the outlet is still under construction, or outside the most desirable core markets. And The Boulder Group, a net leased investment brokerage firm based in suburban Chicago, has just completed the sale of another one, this time in Ottawa, Illinois, about 80 miles of southwest of Chicago, to an out-of state investor.

The single tenant net leased Kroger grocery store, located at 2701 Columbus Street, went for $2,712,000. The full identity of the buyer was not disclosed, but Boulder officials, who represented the seller, say it was a California-based limited liability company. Boulder represented the seller, an Illinois-based partnership.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.