Net Lease p Tennessee

Boulder Group sells Panera-anchored property in Memphis area

Boulder Group sells Panera-anchored property in Memphis area,ph01

The Boulder Group completed the sale of a fully leased three-tenant property at 8340 US-64 and 2916 Kate Hyde Blvd. in Bartlett, Tennessee, for $4.175 million.

The property is fully leased to Panera Bread, BancorpSouth and Red Wing Shoes.

The property consists of two adjacent buildings, a 2,500-square-foot single-tenant building leased to Red Wing Shoes and a 7,500-square-foot building fully leased to Panera Bread and Bancorp South.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction. The buyer was a 1031 exchange.