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
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).
Investment Highlights: Corporate Tenant – American Blue Ribbon operates more than 690 restaurants in the U.S. and has annual revenue of $1.3B • Below Market Rent – Bakers Square is paying under $23 PSF, which is significantly below market rent • Absolute NNN Lease – Zero landlord maintenance responsibility • Next to Orland Square Mall – The 1.23M SF regional mall is anchored by Macy’s with specialty retailers such as Apple, Coach, and Pandora • Heavy Daytime Traffic Exposure – Direct access to S. LaGrange Rd. (44,200 VPD), which is completing a $95M lane widening project • Established Retail Market – Orland Park has over 5M SF of retail space and ranks 5th in the suburban Chicagoland area in retail sales volume at $1.67B and growing • Dense Chicago MSA Location – More than 70,000 residents with an avg. household income over $94,000 and a daytime population of 54,000 within 3 miles
New Relocation Store – Starbucks is relocating from a highly successful inline store nearby that has over 10 years of operating history • Long Term Lease – Recently executed 10 year lease with 10% rent increases every five years. There is no early termination right • Brand New Construction – The freestanding build-to-suit property will feature the brand’s latest design and includes a drive-thru lane • Robust Daytime Traffic – Busy 6-way intersection provides exposure to over 58,300 vehicles per day • Minimal Competition – This is the only drive-thru Starbucks within 5 miles of the site • Major Regional Draw – Across from the 1 million sf Randhurst Village lifestyle center featuring Costco, Home Depot, AMC Theaters, World Market, Carson Pirie Scott, PetSmart, Bed Bath & Beyond, and T.J. Maxx, among others • Affluent Demographic Profile – 124,000 residents with an average household income of $94,000 within 3 miles • Investment Grade Credit – Starbucks is rated A- by S&P
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