Investment Highlights: Top Performing Chicago MSA Walmart Location • Largest Suburban Trade Area - Anchored By Woodfield Mall (27M Annual Shoppers) • Recent $3M Renovation Completed By Walmart • Absolute Corporate NNN Lease - No Landlord Responsibility • Irreplaceable Retail Location - Situated at the Intersection of Golf Rd. & Algonquin Rd. (61,600 VPD) • World's Largest Company - Walmart Stores, Inc. has $482B in Revenue and AA/Stable (S&P) Credit Rating
Investment Highlights: Possibility for New Sam's Club Concept to Occupy Space • Significant Value-Add Opportunity by Re-Leasing Space • Four Years of Term Remaining • Absolute NNN • Largest Suburban Trade Area - Anchored By Woodfield Mall (27M Annual Shoppers) • Irreplaceable Retail Location - Situated at the Intersection of Golf Rd. & Algonquin Rd. (61,600 VPD) • World's Largest Company - Walmart Stores, Inc. has $482B in Revenue and AA/Stable (S&P) Credit Rating
NNN Lease with Rent Increases – CVS has 9.5 years remaining with four, 5-year options and 10% rent escalations in the options • Easy Access to Public Transit – 5 CTA ‘L’ stations with 1 mile providing over 4.82M passengers in the area • Signalized Hard Corner – CVS is located at the signalized hard corner of N. Damen Ave and W. Lawrence Ave, combining for 37,400 VPD • Rare Parking and Drive-Thru – CVS has 20 reserved parking spaces and a drive-thru providing excellent access for customers • Dense Chicago Location – Approximately 63,000 residents with an average household income of $98,000 within 1 mile • Investment Grade Credit Tenant – CVS is rated BBB by S&P and has annual revenue in excess of $184B
Investment Highlights: Absolute NNN Ground Lease - No landlord responsibilities • Signalized Hard Corner Location - Provides expsosure to 81,400 VPD • Strong National Co-Tenancy - Nearby retailers include: Super Target, Marshalls, CVS, Chili’s, Chase Bank, Starbucks, Panera, AutoZone, Wendy’s, Verizon, AT&T, Taco Bell, UPS, and more. • Increasing Deposits – More than $62M deposit base that is trending upwards and has increased by 70% since 2012 • Strategic Market Location – Only Bank of America branch in Streamwood; nearest is 4.5 away • Excellent Demographics – 12,000 people with an average household income of $101,000 within 1 mile and 86,000 people within 3 miles of the site. • Investment Grade Credit – Bank of America has $2.18 trillion in assets and holds investment grade credit of A+ (S&P).
Limited Competition: The closest Mattress Firm is 2.5 miles north and The Joint’s nearest location is a 20 minute drive west. • Affluent Chicago MSA Location: Avg. household income of $125,000 and a daytime population of 116,500 people within 3 miles. • Strategic Market Positioning: Ogden Ave. (35,000 VPD) connects I-355 (152,000 VPD) and IL-83 (68,600 VPD), providing plenty of consumers in the area. • Strong Co-Tenancy: Area retailers include Fresh Thyme Fresh Market, Jewel-Osco, CVS, Walgreens, Starbucks, Chase Bank, Trader Joe’s, Panera, and 7-Eleven, among others. • Long-Term Corporate Leases: Both tenants have about 8 years of term remaining with 10% rent escalations in the primary term and options. • Recent Construction: 2015 Construction limits short term CAPX exposure.
Investment Grade Credit – Advance Auto Parts is BBB- investment grade credit and is a leading automotive aftermarket retailer with over 5,200 locations. • Dense Chicago Neighborhood – There are over 312,400 residents earning average household incomes of $81,000 within 2 miles of the property. • Minimal Competition – This is the only national auto-parts retailer within 3 miles and combined with high barriers to entry, will provide long-term success for the tenant. • Nearby Regional Access – The property is 1 mile west of the I-90/94 Expressway which leads 7 miles southeast to downtown Chicago and 7 miles west to O-Hare Int. Airport. • Primary East-West-Thoroughfare – The site is located along Montrose Avenue with exposure to more than 22,300 VPD. Other retailers in the area include: Starbucks, Walgreens, McDonald’s, Chase Bank, Wendy’s, and many others.
Investment Grade Credit – Advance Auto Parts is BBB- investment grade credit and is a leading automotive aftermarket retailer with over 5,200 locations. • Strong Exposure – The site is situated near the signalized hard-corner of Pulaski and 47th Street, providing exposure and visibility to more than 55,300 VPD. • Dominant Commercial Thoroughfare – Pulaski is a dominant north-south commercial thoroughfare with nearby retailers including, Target, Pete’s Fresh Market, Michaels, PetSmart, Marshalls, Walgreens, Starbucks, and many others. • Nearby Regional Access – The property is one mile south of the I-55 Expressway and the CTA ‘L’ Orange Line station is ½ mile south, serving 1.4 million passengers annually. • Dense City of Chicago - There are over 344,00 residents earning average household incomes of $52,500 within 3 miles of the property.
Investment Grade Credit – Advance Auto Parts is BBB- investment grade credit and is a leading automotive aftermarket retailer with over 5,200 locations. • Signalized Intersection – The site is situated at the signalized intersection of Western Avenue and Marquette Road, providing strong visibility and exposure to over 48,700 vehicles per day. • Major Auto-Service Corridor – The site is located along Western Avenue and surrounded by numerous auto dealerships and service centers. Nearby retailers include AutoZone, O’Reilly Auto Parts, Chevrolet, and Walgreens among others. • Strong Historical Occupancy – Advance Auto Parts has occupied the site for nearly 12 years, showing a strong commitment to this location.
Absolute NNN Lease - There are 6 years remaining with 4, 5-year options and 7.5% rent increases providing completely passive ownership for a buyer. • Corporate Tenant - Genuine Parts Company (NYSE: GPC) is publicly traded with sales of $16.3B and net income of $616M, providing excellent financial security. • Ideal Market Positioning - NAPA is situated in a dense auto dealership corridor, including 15 car dealerships within 2 miles, providing plenty of nearby consumers for the store. • Established Retail Corridor - Central Avenue (28,320 VPD) features top-tier national anchors including Whole Foods Market, Target, Lowe’s, Marshalls, BJ’s Wholesale Club, The Home Depot, Price Chopper, CVS, McDonald’s, and others. • Two Universities Nearby - The University at Albany and SUNY Poly are both located within 2 miles of the site and have a combined enrollment of approximately 20,000 students. • Solid Local Demographics - There are 93,000 residents with an average household income of $79,000 and 142,5000 daytime employees within 3 miles of the site.
Long Term Ground Lease – Checkers has 12 years of lease term remaining with no landlord maintenance responsibilities. There are 4, 5-year extension options and 10% rent increases every 5 years • Growing Corporate Tenant – Checkers has 850 locations with plans to have 1,200 restaurants by 2020. Avg. store sales have grown for 6 straight years • 3 CTA Stations within 1.5 Miles – There are two Green Line stations (588,000 passengers) and one Red Line station (1.04M passengers) within 1.5 miles of the sites • Easy Interstate Access – I-90/94 (327,900 VPD) is 1.5 miles directly east and leads directly to downtown Chicago • Signalized Hard Corner – Situated at the SEC of Ashland Ave. and 63rd St. which provides exposure to 47,780 VPD • Primary Market Location – More than 168,000 residents, 51,600 households, and a daytime population of 87,680 within 2 miles
Recently built hard-corner site. Located at the NWC of Madison Street & Laramie Avenue in the South Austin retail corridor. 15 dedicated retail parking spaces. Area retail includes Walgreens, Metro PCS, US Bank, KFC and McDonalds.