The Crexi Podcast’s latest episode features The Boulder Group’s Randy Blankstein, who discusses net leased drugstores as essential businesses.
The Crexi Podcast explores various aspects of commercial real estate, in conversation with top CRE professionals in the industry. In each episode, we feature different guests, tapping into their wealth of CRE expertise and exploring the latest trends in commercial real estate.
In this episode, Crexi’s Yannis Papadakis sits down with Randy to explore the world of net leased drugstores, their resurgence during the pandemic, and the fundamentals of operating in the sector. Their wide-ranging conversation covers:
- What kind of CRE players operate in the net lease drugstore market, and what trends emerged post-COVID.
- The importance of cultivating long-term relationships with net lease operators and understanding their profit, loss, and business models.
- The real estate fundamentals behind net lease drugstores and why they’re similar to bond investments.
- How drugstore landlords can entice high-quality, net lease tenants to occupy or continue leasing their space in a competitive market.
- And much more!
Listen to the episode here:
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About Randy Blankstein:
Randy Blankstein founded The Boulder Group in 1997 when he was 27 years old. More than 20 years later, the Illinois-based company is one of the top ten largest brokerage firms of single-tenant net lease deals in the U.S. The Boulder Group has closed over $6 billion in transactions and represents properties in at least 42 states.
In 2014, 2019, and 2020, Randy received Honorable Mention for Net Lease Executive of the Year by Commercial Property Executive magazine. And in 2018, he was inducted into RE Journals Real Estate Magazine’s Commercial Real Estate Hall of Fame.
A Chicago native, Blankstein earned his Bachelor’s degree from the University of Colorado at Boulder’s Leeds School of Business. In addition to leading his company, Blankstein also serves as the chair of the Net Lease Summit Conference.
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