Net Lease N Illinois

The Boulder Group arranges sale of single tenant net leased property for $18M

The Boulder Group, a net leased investment brokerage firm, completed the sale of a single tenant net leased Pick ‘n Save property located at 2518 West Washington Street in West Bend, Wisconsin for $18,186,840.

The 63,160-square-foot grocery store was constructed in 2010 and features an on-site pharmacy. Pick ‘n Save has operated in that area since 1984.

Pick ‘n Save has over 13 years remaining on the lease. The triple net lease has rental escalations in the primary term and each four 5-year renewal option.