# Boulder Group Completes $1.3 million Sale of Net Leased Steak 'n Shake in Aurora, Illinois

> The Boulder Group completed the $1.3 million sale of a net leased Steak 'n Shake in Aurora, Illinois, with roughly three years of lease term remaining.

- Published: 2026-10-24T03:26:50+00:00
- Section: Mergers & Acquisitions
- Author: News Desk
- URL: https://newsforagent.com/news/2026-10-24/boulder-group-steak-n-shake-aurora-sale
- Source: [FinancialContent Business Page](https://www.financialcontent.com/article/abnewswire-2026-10-24-the-boulder-group-arranges-sale-of-net-leased-steak-n-shake)

## Key takeaways

- The Boulder Group completed the sale of a single tenant net leased Steak 'n Shake at 4333 Fox Valley Center Dr in Aurora, Illinois, for $1.3 million.
- The property carries a triple net lease with approximately three years of term remaining and two five-year renewal options.
- Randy Blankstein, Jimmy Goodman and John Feeney of The Boulder Group represented both the seller and the buyer in the transaction.

The Boulder Group completed the sale of a single tenant net leased restaurant property occupied by Steak 'n Shake at 4333 Fox Valley Center Dr in Aurora, Illinois, for $1.3 million. The FinancialContent Business Page [reported](https://www.financialcontent.com/article/abnewswire-2026-10-24-the-boulder-group-arranges-sale-of-net-leased-steak-n-shake) the transaction on October 24, 2026. The Boulder Group is a net leased investment brokerage firm founded in 1997. [Steak 'n Shake](https://akta.pro/company-profiles/0003du1/steak-n-shake) is a restaurant chain founded in 1934 and headquartered in Indianapolis, Indiana.

## The Aurora Steak 'n Shake Sale

Randy Blankstein, Jimmy Goodman and John Feeney of The Boulder Group represented both parties in the transaction. The seller was an investment group that had held the property as part of a net lease portfolio, and the buyer was a local investor acquiring the property as a net leased investment. The property sits near the intersection of Illinois Route 59 and New York Street, across from Fox Valley Mall, a roughly 1,500,000-square-foot regional shopping center anchored by Macy's and JCPenney. Illinois Route 59 carries approximately 68,000 vehicles per day at this location.

The property is subject to a triple net lease with Steak 'n Shake. Approximately three years of lease term remain, and the lease includes two five-year renewal options. Rental escalations are structured to occur within the renewal option periods. Steak 'n Shake operates and franchises more than 400 restaurant locations across more than two dozen states and the District of Columbia, and employs approximately 9,800 people system-wide.

"Investor appetite for net leased restaurant properties along established retail corridors has remained steady, even with interest rates holding higher for longer," said Randy Blankstein, President of The Boulder Group. John Feeney, Senior Vice President of The Boulder Group, noted, "A lot of our buyers on deals like this are coming out of 1031 exchanges, and a shorter-term lease in a market with this kind of retail density still pencils well against their return targets."

## Boulder Group's Recent Net Lease Closings

The Boulder Group sold a single-tenant net-leased Kangaroo Express convenience store property in Montgomery, Alabama, for $3 million, FinancialContent Business Page reported in October 2026. The property carries a triple net lease with 14 years remaining and rent escalates 10% every five years. In September 2026, FinancialContent Business Page reported the firm sold a single-tenant net leased retail property in Weatherford, Texas, occupied by Spec's Wines, Spirits & Finer Foods, for $4.4 million, with about nine years of lease remaining and 10% rent escalations every five years.

## Net Lease Deals Elsewhere

Tuan Sing Holdings agreed to buy Westgate Tower in Jurong for S$600 million, The Business Times [reported](https://www.businesstimes.com.sg/property/tuan-sing-buy-westgate-tower-jurong-s600-million) on October 23, 2026. The 20-storey office building has 90% committed occupancy across 305,000 sq ft, and the price is 6.25% below an independent valuation. The deal is expected to complete on December 1. [InfoMoney](https://www.infomoney.com.br/business/sls-mira-nos-brasileiros-para-disputar-espaco-em-punta-del-este-com-fasano-e-cipriani/) reported on October 15, 2026, that GNV Group's SLS Punta del Este, a mixed-use development in Uruguay valued at $160 million, is targeting Brazilian buyers who represent 37% of purchasers, with delivery planned for April 2029.

## Companies in this story

- The Boulder Group · website: https://bouldergroup.com
- [Steak 'n Shake company profile](https://akta.pro/company-profiles/0003du1/steak-n-shake) · website: https://www.steaknshake.com

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