The Boulder Group has completed the sale of a single tenant Family Dollar property located at 12610 South Ashland Avenue in Calumet Park, Illinois for $857,500.
The 11,000-square-foot Family Dollar building is located along Ashland Avenue and is strategically positioned just north of the signalized intersection of Ashland Avenue and 127th Street.
Retailers located in the immediate trade area include Aldi, Ultra Foods, Walgreens, Advance Auto, Sherwin Williams, McDonald’s, Burger King and Wendy’s.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction; a Chicago based private partnership. The purchaser was a Northeast based private individual.
There are over three years remaining on the Family Dollar lease which expires June 31, 2019. The lease features three 5-year renewal option periods with 10% rental escalations in each. Family Dollar is a wholly owned subsidiary of Dollar Tree, a publicly traded company with a market capitalization in excess of $18 billion.
