The Boulder Group, a net leased investment brokerage firm, completed the sale of a single tenant net leased Advance Auto Parts property located at 1707 N Michigan Road in Plymouth, Indiana for $875,800.
The 6,900 square foot property is positioned just off N Michigan Rd (19,930 VPD), a primary retail thoroughfare seeing many visitors from the surrounding area. Tenants in the area include Dollar General, Walmart, McDonald’s, Taco Bell, Lowe’s, Burger King, Marathon, and more. Related automotive parts users nearby include Chevrolet, GMC, and the Marshall County Highway Garage. There are 17,892 people living within five miles of the property earning an average annual household income of $75,429.
Advance Auto Parts, Inc. (Advance) is an American automotive aftermarket parts provider. Headquartered in Raleigh, North Carolina, it serves both professional installer and do-it-yourself (DIY) customers. Advance operates 5,200 stores and 150 Worldpac branches in the United States and Canada. The Company also serves 1,250 independently owned Carquest branded stores across these locations in addition to Mexico, the Bahamas, Turks and Caicos and British Virgin Islands.
Jimmy Goodman and Randy Blankstein of The Boulder Group represented the seller in the transaction who was Midwest based investment group. The buyer was a national real estate investment company.
“E-commerce resistant retailers including tenants like AAP continue to be in high demand amongst investors,” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman of The Boulder Group, added, “The buyer was interested in this property due to its low price point and credit tenant.”
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 2012-2021, 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
Company Name: The Boulder Group
Contact Person: Randy Blankstein
Email: Send Email
Address:3520 Lake Avenue Suite 203
Country: United States