Page 16 - Boulder Group News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Cap Rates for Net Lease Dollar Store Properties Compress to Historic Levels
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Cap Rates for Net Lease Dollar Store Properties Compress to Historic Levels
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ON THE SCENE: Latest middle market sales | Real Estate Weekly
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Cap Rates For Net Lease Retail and Industrial Properties Rise
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Wilmette, IL (PRUnderground) June 29th, 2021
The Boulder Group, a net leased investment brokerage firm completed the sale of a single tenant Bob Evans located at 1050 El Jobean Road in Port Charlotte, Florida for $1,955,250.
The 5,398 square foot Bob Evans sits on 2.09 acre in a dominant regional retail corridor along El Jobean Road. El Jobean Road is a primary thoroughfare in the area that experiences traffic counts of 25,500 vehicles per day. The Bob Evans is an outparcel to Port Charlotte Town Center, a 765,000 square foot mall with over 100 stores. Retailers located within the mall include Beall’s, Dillard’s, JCPenney, Macy’s, Regal Cinemas, Sears and Victoria’s Secret to name a few. Additional retailers in the immediate area include Walmart Supercenter, The Home Depot, Target, Sam’s Club, Lowe’s, Kohl’s, Best Buy and Walgreens.