Boulder Group Arranges $2.1 Million Sale of Net Leased Property in Round Lake Beach, Illinois

Both AT&T and Heartland Dental have 10-year leases that feature rental escalations every five years. Both AT&T and Heartland Dental have 10-year leases that feature rental escalations every five years.

Round Lake Beach, Ill. — The Boulder Group has completed the sale of a retail building in Round Lake Beach, about 50 miles northwest of Chicago, for $2.1 million.

The two-tenant, net leased building is located at 418-20 E. Rollins Road. Tenants at the retail property include Heartland Dental and AT&T, each of which has a 10-year lease.

The buyer was a private partnership in a 1031 exchange, and the seller was a Midwest-based real estate development company. Randy Blankstein and Jimmy Goodman of The Boulder Group represented both undisclosed parties.

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