Boulder Group Closes Sale of Texas Walmart Property
The retailer has occupied the building since 1983 and renewed its lease last year.
2103 Milam St. Image courtesy of The Boulder Group
The Boulder Group has finalized the $3.7 million disposition of a 44,754-square-foot Walmart building in Columbus, Texas. President Randy Blankstein and Partner Jimmy Goodman assisted the seller—DVL Inc. sold the property, according to public records. A private investor acquired the absolute triple net-leased asset.
Located on a 4-acre parcel at 2103 Milam St., the single-story building opened in 1983 and Walmart has been a tenant ever since, extending its lease multiple times. The company signed its most recent lease renewal in 2019 and has more than 5 years remaining in the primary term of the contract. The closest Walmart store is 25 miles east of the property. The asset is proximate to Interstate 10, which has a daily traffic of 29,157 vehicles, according to The Boulder Group data.
Earlier this month, Blankstein and Goodman also closed the $28.4 million sale of a 103,611-square-foot Pick ’n Save-anchored property in Menomonee Falls, Wisc. The duo represented the seller, Oak Street Real Estate Capital.
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