CHICAGO, IL- The Boulder Group recently announced that they had completed the sale of a retail space housing an Advance Auto Parts store at 1135 E. Division St. in Diamond, IL, for $1,639,100. Diamond is about 60 miles southwest of Chicago.
Advance Auto Parts has a 15-years net-lease on the property, with periodic rent escalations built into the lease. The company has more than 3,600 outlets across the country. This 6,125 SF store was completed in 2012 and is located on Highway 113 near Interstate 55 and Berta Crossing, a shopping center.
Randy Blankstein, and Jimmy Goodman, the president and partner, respectively, of The Boulder Group represented both buyer and seller. The buyer was an Ohio-based 1031 exchange investor and the seller was an undisclosed Midwest-based partnership.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
