The Boulder Group, a net leased investment brokerage firm, completed the sale of a single tenant P.F. Chang’s located at 2361 Fountain Square Drive in Lombard, Illinois for $4,782,500.
The 10,682 square-foot building benefits from its position off Butterfield Road, which experiences over 43,500 vehicles per day. Butterfield Road is a dense retail thoroughfare positioned near Interstate 88 (161,100 VPD) and Interstate 355 (120,500 VPD). Tenants occupying the area include DICK’S, Target, The Home Depot, Costco, Chick-Fil-A, Starbucks, Ethan Allen, Uncle Julio’s, and many others. Additionally, P.F. Chang’s backs up to The Hyatt Place, Fountain Square Condominiums, and Sunrise Senior Living. There are over 264,800 people living within a five-mile radius. The daytime population experiences a 27% surge due to the area’s office and industrial presence. The area’s population is affluent, with an average household income more than $152,900 within five miles.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction. The seller was a Midwest based real estate investor, and the buyer was a real estate investment trust.
P.F. Chang’s is an Asian culinary brand known for its made-from-scratch cuisine, drawing inspiration from the culinary traditions of Japan, Korea, Thailand, and more. The company was founded in 1993 by culinary expert Philip Chiang and restaurateur Paul Fleming.
“P.F. Chang’s has operated from this location since 2000 and has demonstrated continued commitment” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman of The Boulder Group, added, “Strong performing restaurants continue to garner interest so long as the asset has solid real estate fundamentals.”
About The Boulder Group
The Boulder Group is a boutique investment real estate service firm specializing in single tenant 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 over $9 billion of single tenant net lease real estate transactions. From 2013-2023, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by both Real Capital Analytics and CoStar. The Boulder Group is headquartered in suburban Chicago and has an office in Denver.
More info: www.bouldergroup.com
Media Contact
Company Name: The Boulder Group
Contact Person: Randy Blankstein
Email: Send Email
Phone: 8478816388
Address:3520 Lake Avenue Suite 203
City: Wilmette
State: Illinois
Country: United States
Website: https://www.bouldergroup.com/NNN-Properties-For-Sale.html
