NORTHBROOK, ILL.—A private partnership has purchased a net leased Dollar General property located at 5701 W. Belmont Ave. in Chicago for $1.69 million. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, a Chicago-based, high-net-worth individual investor, in the transaction.
Renovated in 2011, the 9,5000-sq.-ft. property is situated on a 20,922-sq.-ft. parcel and is leased for a 10-year term to Dollar General.
“The demand for major metro net leased properties in the under $2 million price point exceeds the supply,” said Blankstein, president of The Boulder Group.