Net Lease v Wisconsin

Boulder Group sells Goodwill store in Wisconsin

  

The Boulder Group has completed the sale of a single-tenant net-leased Goodwill property at 1715 Wisconsin Ave. in Grafton, Wisconsin, for $3.074 million.

The 21,400-square-foot property is located on Wisconsin Avenue at a hard corner. Wisconsin Avenue is a primary north-south thoroughfare in the area. The property also benefits from its position within a strong retail corridor that features Shopko, Pick ‘n Save (Kroger), Walgreens, Ace Hardware, O’Reilly Auto Parts, NAPA Auto Parts and a number of quick-service restaurants.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction, a Midwest-based real estate investment group. The purchaser was a West Coast-based real estate investment group.

Goodwill has 10 years remaining on its lease, which expires Aug. 31, 2027. The lease features a rental escalation in the primary term and in each of the three five-year renewal option periods.

The Goodwill property includes a drive-thru donation center and signage located prominently on Wisconsin Avenue.