Net Lease v Wisconsin

The Boulder Group sells grocery store in Milwaukee market

  

The Boulder Group completed the sale of a single-tenant net-leased Pick ‘n Save grocery store at 2518 W. Washington St. in West Bend, Wisconsin, for more than $18 million.

The 63,160-square-foot Pick ‘n Save was built in 2010, and features an on-site pharmacy. Pick ‘n Save has operated in the immediate area since 1984.

The property is strategically located at the intersection of West Washington Street and Wildwood Road. West Washington Street is the primary east-west thoroughfare in the trade area. The property is just off of Highway 45, a major highway connecting West Bend to Milwaukee.

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