News:
Brokerage
Posted: August 29, 2023
The Boulder Group completes sale of net lease 7-Eleven property for $5 million
Haverstraw, NY The Boulder Group completed the sale of a single tenant net leased 7-Eleven property located at Gurnee Ave. and Rte. 9 West for $5 million.
The 7-Eleven is located at the corner of a signalized intersection along U.S. Rte. 9 West which hosts over 17,000 vehicles per day. Tenants along the retail corridor include ALDI, Tractor Supply Company, ShopRite, Ford, Sherwin-Williams, McDonald’s, Dollar General, and AutoZone. Continual traffic is drawn to the area by several parks including High Tor State Park, Safe Harbor Haverstraw, and the Hudson River. The 7-Eleven is also within proximity to Westside Ave. (20,130 VPD) and Palisades Interstate Pkwy. (54,252 VPD).
President Randy Blankstein and partner Jimmy Goodman of The Boulder Group represented the seller who was a northeast based real estate developer. The buyer was a New York based individual investor in a 1031 Exchange.
7-Eleven is the world’s largest convenience store chain operating, franchising, and licensing around 64,319 stores in 18 countries. 7-Eleven is also one of the nation’s largest independent gasoline retailers and was ranked #1 by Entrepreneur Magazine in the 2017 annual “Franchise 500” ranking.
“Single tenant 7-Eleven properties continue to garner significant interest amongst net lease investors” said Blankstein.
Goodman said, “Despite the large supply of 7-Eleven properties on the market, locations with solid real estate fundamentals continue to transact.”
Tags:
Brokerage
MORE FROM Brokerage
AmTrustRE secures 5,754 s/f lease with GKV Architects at 360 Lexington Avenue
Manhattan, NY AmTrustRE has executed a 5,754 s/f lease at its premier boutique Midtown East office tower, 360 Lexington Ave., with longtime partner GKV Architects. The award-winning firm will occupy a portion of the 14th floor. >“GKV Architects has been a trusted partner to AmTrustRE for over two decades, playing an integral role in shaping and elevating several
Quick Hits
Columns and Thought Leadership
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,
A fresh start - by Shallini Mehra and Amit Doshi
For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman
July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
