NORTHBROOK, IL—A lack of new construction has fueled investor demand for the available net leased retail properties even if, as reported in, 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.

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