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Boulder Group Completes 1031 Deal for Firestone Store
The Boulder Group completed the 1031 exchange sale of a single-tenant Firestone located at 5947 U.S. Hwy. 6 in Portage, IN for $4,094,000. The firm’s Randy Blankstein and Jimmy Goodman represented the 1031 exchange investor based in the Midwest. The seller of the 6,116-square-foot property was a national development firm.
The property is located just five miles from Interstate 94, which drives a large portion of traffic through the region, and less than 38 miles west of downtown Chicago. Tenants in the immediate area include Walmart, Meijer, Harbor Freight, Petco, ALDI, Dollar General, Starbucks and several others.
“Investors continue to search for e-commerce resistant tenants like Firestone” said Blankstein, president of The Boulder Group. Goodman, partner of The Boulder Group, added, “Net lease automotive properties continue to trade regularly into the third quarter of 2022.”
- ◦Sale/Acquisition


