Jimmy Goodman and Randy Blankstein of The Boulder Group represented both the buyer and seller in the transaction

Boulder Group, a net lease investment brokerage firm, has completed the sale of a net lease goodwill property at 1905 Mount Zion Road in Morrow, GA for $2,779,000.

The 30,542 square foot property is located along Mount Zion Road (26,250 VPD) and adjacent to Interstate 59 (172,000 VPD). The property shares a mall with Lowe’s and is close to other retailers including The Home Depot, Costco, Publix, Best Buy, AMC Theaters, LA Fitness, PetSmart, Dollar Tree, Ashley Home Store, McDonald’s, Chipotle, Chick-Fil -A, and many more. In addition, Goodwill is located at Southlake Mall, which carries continuous traffic to the trade corridor. 182,379 people with an average household income of $61,738 live within a five-mile radius of the property. The solid population around Marrow in addition to that of Atlanta makes for a solid customer base. Morrow is a suburb of Atlanta, Georgia. Located just 13 miles north of the metro area, the once-rural railroad town has blossomed into a modern and innovative suburb of a booming Atlanta city.

Jimmy Goodman and Randy Blankstein of The Boulder Group represented both the buyer and seller in the transaction. The buyer was a real estate investor from the Midwest. The seller was a national real estate investment company.

“Junior box rentals continue to be favored by investors seeking higher yields,” said Jimmy Goodman, partner at Boulder Group. Randy Blankstein, President of Boulder Group added, “The location of this property in a busy retail corridor bodes well for future store sales.”

About the Boulder Group

Boulder Group is a boutique investment property services company specializing in single tenant net-lease properties. The firm provides a full range of brokerage, advisory and financing services nationwide for a significant and diversified…