The Boulder Group completed the sale of a single tenant Gentle Touch Animal Hospital property located at 8941 E Hampden Avenue in Denver, CO for $2,511,000. The Boulder Group’s Jimmy Goodman, Zach Wright, and Brandon Wright represented the seller in the transaction. The seller was a Northeast-based real estate investment company and the purchaser was a local all-cash 1031 exchange investor.
The Gentle Touch Animal Hospital property is strategically located along East Hampden Avenue and within a densely populated area. There are approximately 140,000 people that live within three miles of the property.
The property features a long-term lease to Southern Veterinary Partners, a veterinarian-owned and managed network of animal hospitals with over 400 hospitals and over 9,000 employees. The lease features no landlord responsibilities and 2% annual rental increases.
“Veterinary properties with long-term triple net leases and annual rental escalations are increasingly drawing interest from private investors, particularly those in 1031 exchanges. These properties often have strong unit-level financials and lower price points,” stated Zach Wright, Vice President.
“The Boulder Group’s proven national platform continues to yield favorable results for our clients. This off-market transaction is just another example of our expertise,” added Jimmy Goodman, Partner.
“Well-located single tenant properties in Colorado command strong interest from net lease investors and are trading for aggressive cap rates,” said Brandon Wright, Associate.
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 2013-2024, 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.
Media Contact
Company Name: The Boulder Group
Contact Person: Zach Wright
Email: Send Email
Phone: 720-604-2220
Address:1805 S Bellaire Street, Suite 355
City: Denver
State: Colorado
Country: United States
Website: https://www.bouldergroup.com/NNN-Properties-For-Sale.html