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
Urban infill location with ±55 parking spaces just 8 miles NW of Downtown Chicago • 96% occupied shopping center with X frontage along Pulaski Road • 14 suites with a diverse mix of complementary internet resistant national, regional and local tenants • ±29,764 square feet of rentable building area offering rare on-site customer parking • Below market rents create long term added value, most on net leases • Prime location just north of the six-way intersection of Pulaski, Montrose, and Elston featuring exposure to 72,000 VPD • Four (4) CTA ‘L’ Stations within 1-mile totaling over 4M passengers in 2016 • Population of 63,617 people within a 1-mile radius with an average household income of $73,000
Early Lease Extension – Petco has historical occupancy of 19 years and executed an early 10-year lease extension • Rare Rent Bumps – There are two primary term rent bumps with the next one in July 2018 and 10% rent escalations in each option • Established Retail Corridor – Near the 833,000 SF Chicago Ridge Mall with other retailers including The Home Depot, ALDI, Chipotle, Starbucks, Chick-fil-A, and McDonald’s among others • Top 3 Market Nationwide – 156,700 residents earning $67,000 and a daytime population of 124,600 people within 3 miles • East Interstate Access – Full interchange with I-294 (144,000 VPD) is 1 mile west and connects to downtown Chicago • Limited Landlord Responsibilities – 10 years of term remaining on the net-lease providing passive ownership
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 $55M deposit base that is trending upwards and has increased by 55% since 2011. • 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 $2.14 trillion in assets and holds investment grade credit of A+ (S&P).
Huge Traffic Exposure – Signalized hard corner location with 82,000 VPD • 10-Year Lease with No Early Termination – New 10-year net-lease with 10% rent increases every 5 years and 4, 5-year options • 2017 BTS Construction – The 2,500 SF building is above average footprint for SBUX and features a drive-thru • 5 Minute Drive to ORD – O’Hare International Airport is the world’s 2nd busiest airport and caters to 78M annual passengers • Dense Submarket – Daytime population of 54,000 and avg. HHI of $68,000 within 2 miles • Minimal LL Maintenance – Starbucks maintains the building and premises including parking areas, landscaping, HVAC, and snow removal • Investment Grade Credit – SBUX (NASDAQ) has revenue of $21+ billion and an S&P credit rating of A
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
Investment Highlights: Annual Rent Escalations – 1.50% annual rent increases provide solid asset appreciation. Next rent increase is 11/1/2017 • Recent Roof Replacement – Roof was replaced in June 2017, limiting long-term deferred maintenance for an investor • Excellent Interstate Access – 0.25 miles south of I-70 (121,500 VPD) which is the main east/west thoroughfare in the region • Strong National Anchors – Retails in the immediate area include: Walmart, Sam’s Club, Target, Kroger, Giant Eagle, Petco, PetSmart, Marshalls, Jo-Ann Fabrics, Panera, Buffalo Wild Wings, IHOP, Olive Garden, Chipotle, Walgreens, Starbucks, and more • Expanding Tenant – Rainbow Child Care has 120 facilities across 15 states with plans for 12 new sites in 2017 and early 2018 • Dense Student Population – Approximately 8 elementary and middle schools and 2 high schools in the area providing parents with easy drop-off and pick-up between schools • Ideal Consumer Base – More than 81,300 residents with an average household income of $74,000 and 32,500 households within 3 miles
Annual Rent Escalations – 1.50% annual rent increases provide solid asset appreciation. Next rent increase is 11/1/2017 • Recent Roof Repair – Roof shingles were repaired, limiting short-term maintenance expenses for an investor • Nearby National Retailers – Immediate anchors include: CVS, Kroger, Meijer, Target, Hobby Lobby, ALDI, PNC Bank, Huntington Bank, Panda Express, Walgreens, and more • Taylor Road Elementary – The school is directly across the street making it convenient for parents to drop-off and pick-up from multiple schools in one trip • Expanding Tenant – Rainbow Child Care has 120 facilities across 15 states with plans for 12 new sites in 2017 and early 2018 • Affluent Area – More than 62,000 residents with an average household income of $80,500 and 24,800 households within 3 miles
Relocation Facility – The tenant recently relocated to the site and added 5,900 additional SF of space showing historical profitability and a commitment to the market • Primary Term Asset Appreciation – There are $0.25 PSF rent increases in 2019 and 2020 • Ideal Demographics – 103,000 residents with an average household income of $59,400, and 43,000 households within 3 miles of the site • Strong Co-Tenancy – National retailers in the area include: The Home Depot, Lowe’s, Starbucks, Chipotle, Dollar Tree, Michaels, FedEx, McDonald’s, O’Reilly Auto Parts, and more • New HVAC – The HVAC unit was replaced in 2016, limiting a buyers short term deferred maintenance • Convenient Interstate Access – mile north of I-70 (121,500 VPD), the primary east/west interstate in the region • Abundant Student Population – Approximately 7 elementary and middle schools and 2 high schools in the immediate area, providing convenient parent drop-offs between schools
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.