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Boulder Group Brokers $10M Sale of Net-Leased Retail Property in Lynchburg

Net leased investment brokerage firm the Boulder Group has arranged the $9.9 million sale of a single-tenant, net-leased retail property occupied by Kroger supermarket in Lynchburg, VA.

The 77,402-square-foot property is located along Boonsboro Road. The Kroger store serves as the anchor for the shopping center known as The Village Markets. Tenants at the center include Snap Fitness, Mi Patron Mexican Restaurant and Milano’s Italian. Kroger plans to construct a fuel station and there are plans for a new building within the shopping center to add retail and parking. The property is located less than 5 miles from downtown Lynchburg.

Jimmy Goodman and John Feeney of The Boulder Group represented both the buyer and seller in the transaction. The seller was a Midwest based real estate firm and the buyer was a Midwest based institution.

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Boulder Group’s Goodman

About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

  • ◦Acquisition