The Boulder Group Closes Second Net Lease OReilly Auto Parts Store of the Week
Summary
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction; a private individual based in the Midwest.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.There are over eight years remaining on the O’Reilly Auto Parts lease.Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction; a private individual based in the Midwest.O’Reilly Auto Parts is an investment grade tenant (S&P: BBB) and is publicly traded with a market capitalization in excess of $19 billion.“The current uncertainty in the dollar store sector has led some investors to look at different types of net lease properties including auto parts stores, which often feature long term lease to investment grade tenants with rental escalations.” said Randy Blankstein, President of The Boulder Group.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.