The Boulder Group, a national single tenant net lease investment brokerage firm, has been named the exclusive advisor for the sale of a Best Buy property in Deptford, New Jersey.
The investment sales team will be led by Boulder Group President Randy Blankstein and partner Jimmy Goodman who are marketing the property on behalf of a Midwest based partnership. The property is listed for sale with an asking price of $15,031, 517.
This 60,750 square foot Best Buy property was built in 1986 and is located within the Philadelphia MSA. The Best Buy was built in 1986 and benefits from its location across the street from the Deptford Mall. The Deptford Mall is the largest mall in the southern region of New Jersey ranked by leasable square footage. The property is located at a traffic light controlled intersection along Deptford Center Road. This intersection serves as the entrance to the Best Buy property as well as the Target and BJ’s Wholesale located across the street. There is easy access to both the North-South Freeway (Route 42) and Highway 55, which experience traffic counts in excess of 134,000 and 57,000 vehicles per day respectively. Additionally, the property is located across from the Deptford Mall, a regional mall anchored by Macy’s, Sears, JCPenney and Boscov’s. Other major retailers in close proximity to the property include Wal-Mart Supercenter, Target, Lowe’s, Sam’s Club, BJ’s Wholesale and Big K-Mart.
About The Boulder Group
The Boulder Group (bouldergroup.com) is a boutique investment real estate service firm specializing in net lease properties. The firm provides a full range of brokerage, advisory, and financing services nationwide to a substantial and diversified client base, which includes high net worth individuals, developers, REITs, partnerships and institutional investment funds. Founded in 1997, the firm has arranged the acquisition and disposition of more than $1.2 billion of net lease real estate transactions through several real estate cycles.