The Boulder Group, a boutique net‑lease investment brokerage, announced the completion of a $4,407,812 sale of the Spec’s Wines, Spirits & Finer Foods retail property located at 106 Cleburne Ave. in Weatherford, Texas. The transaction, representing a Midwest‑based investment firm as seller and a private investor as buyer, reflects the continued appetite for well‑located, single‑tenant assets in the Dallas‑Fort Worth metropolitan area.
Local market context
Weatherford, the county seat of Parker County, sits within the Fort Worth‑Arlington division of the Dallas‑Fort Worth‑Arlington Metropolitan Statistical Area, a region home to roughly 7.9 million people and the fourth‑largest MSA in the United States. Main Street, which runs adjacent to the sold property, carries about 29,600 vehicles per day, providing strong visibility for retail tenants. The city’s population of approximately 33,990 residents grew by 15.8 % between 2019 and 2024, and the median household income stands near $81,516, further supporting consumer spending.
Property and lease details
The Spec’s Wines, Spirits & Finer Foods location occupies a single‑tenant net‑lease (NN) building with roughly nine years remaining on its current lease, which expires on September 30, 2035. The tenant holds two five‑year renewal options, and rent escalates by 10 % every five years, including during renewal periods. Texas’s lack of a state income tax adds to the investment’s appeal for private investors seeking stable, income‑producing real estate.
Spec’s Wines, Spirits & Finer Foods background
Founded in 1962 by Carroll B. “Spec” Jackson and Carolynn Jackson, Spec’s has expanded from a single Houston store to a chain of about 180 locations across Texas. The privately held, family‑owned retailer offers wine, spirits, beer, specialty foods, cigars and gourmet items under one roof, and is widely recognized as one of the nation’s largest wine and spirits retailers.
Industry perspective
“Investor demand for well‑located, single‑tenant retail properties in high‑growth Texas submarkets has remained strong this year, and pricing for quality assets like this one has held firm as a result,” said Randy Blankstein, President of The Boulder Group. Partner Jimmy Goodman added, “Recently constructed properties in top MSAs, like Dallas‑Fort Worth, continue to garner strong investor demand.” Senior Vice President John Feeney noted, “Texas’ lack of a state income tax continues to be a real draw for private investors looking to place exchange proceeds into stable, income‑producing real estate.”
Implications for local economy
The sale underscores the vitality of Weatherford’s commercial real estate sector and the broader Dallas‑Fort Worth market, where investors are attracted by population growth, rising incomes, and a business‑friendly tax environment. The transaction also highlights the role of net‑lease properties in providing reliable cash flow for investors while supporting local retailers that serve the community.
About The Boulder Group
Founded in 1997, The Boulder Group specializes in single‑tenant net‑lease properties, offering brokerage, advisory and financing services nationwide. From 2015 to 2025, the firm ranked among the top ten U.S. companies for single‑tenant retail transactions, having arranged over $11 billion in deals. The firm is headquartered in suburban Chicago with an additional office in Denver.
Original reporting: KTBS 3 (Shreveport) — read the source article.
