St. Charles, Ill. — The Boulder Group has brokered the $2 million sale of a single-tenant, net lease On The Border restaurant property in St. Charles.
The 6,488-square-foot building is adjacent to The Quad St. Charles Mall. Von Maur, Carson Pirie Scott and Kohl’s anchor the 775,000-square-foot mall. On The Border has fifteen years remaining on its recently signed absolute-net-lease.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented both the buyer and seller. The buyer was a private high net-worth investor based in the Midwest. A Southeast-based private investment firm sold the property.