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
Fully occupied, two-story building with two retail tenants and two office tenants • US Bank (S&P AA- / Stable) accounts for 64% of the gross rental income • Annual escalations in all four leases: US Bank - 3.0%, I Love Kickboxing - 2.5%, CoreFX - 3.0%, Country Financial - 2.0% • Prime location with excellent visibility and accessibility along Western Avenue - adjacent to a public parking lot • 375 feet to the south is the CTA Western Brown Line ‘L’ Station that had a total of 1,316,310 passengers in 2016 • Strong vehicular counts of over 53,000 VPD at the intersection of Western and Lawrence Avenues • Population of 61,382 people within a 1-mile radius with an average household income of $94,000+
The property consists of a 23,038 SF building on a 4.83 acre parcel. The building was built in1970 and underwent a major remodel and expansion in 2012. The tenant, auto dealership, maintains all aspects of the improvements on the property including roof, structure, and the parking lot. The property is zoned B-4 retail, service, and motor vehicle business district, designed to permit retail and service uses including those which are automobile oriented. The subject property is located along Golf Road, the trade area’s main east / west arterial and primary retail corridor. The property features exposure to over 45,000 VPD. There are two points of egress / ingress along Golf Road.
Corporate Family Dollar (NASDAQ: DLTR; S&P: BB+), Credit Tenant • 5-years remaining on 1st option period • 10% rental increases at the beginning of each option period • NN Lease - limited landlord responsibilities (roof & structure only) • Transit Oriented Development (“TOD”) eligible site - numerous recent zoning changes have set precedent to provide significantly more density • Adjacent to the CTA California Blue Line ‘L’ Station that had a total of 1,653,626 passengers in 2016 (3.0% increase) • Irreplaceable location on Milwaukee Avenue in the thriving Logan Square neighborhood with access to numerous modes of transportation • Population of 65,510 people within a 1-mile radius with an average household income of $86,000+
Chipotle is located in Effingham, the heart of central Illinois, which is also the county seat of Effingham County. The building was completed in 2016. It consists of approximately 2,284 square feet and is situated on 0.59 acre parcel with 43 parking spaces. The property features two primary curb cuts along Keller Drive (SR-33) with additional access provided by an easement with the properties to the north and to the south. Also, the city recently built a new access road to the south, Damron Court, which connects Chipotle with Panera Bread, Panda Express and Keller Drive. Directly adjacent north of the subject property is a Steak ‘n Shake and directly adjacent south is a brand new Panera Bread that is currently under construction. The site benefits from a 109-foot pylon sign, which provides exceptional visibility to the interstate and the surrounding market.
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
Corporate Verizon – Brand new 10-year lease (firm) with Verizon Wireless. Verizon Wireless is the largest wireless service provider in the US with more than 114 million subscribers and $89.2 billion in revenue. • Relocation Store – Verizon is relocating from a highly successful inline store that has served this market for over 10 years • At or Below Market Rent – Verizon is paying a conservative rental rate compared to similar outlots at $30 psf for 4,275 SF on 1.28 acres • Strong Increases – Rent increases of 10% every 5 years through the primary and option terms • Brand New 2017 Construction - First-class construction with Verizon’s latest building prototype and branding • Major Regional Draw – Outlot to the 600,000 SF Perry Crossing lifestyle center. Surrounding retailers include Walmart Supercenter, Target, Dick’s Sporting Goods, Old Navy, Kohl’s, T.J. Maxx, JCPenney, Burlington Coat Factory, and others.
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
Highlights: • Absolute NNN • 2% Annual Increases • 30 Minutes from Downtown Chicago • Within 3 miles: 112,472 residents with an average household income of $100,633 per year • Surrounded by national retailers including Mariano’s Fresh Market (recently opened), Starbucks, McDonald’s, Wendy’s, Lou Malnati’s, and Burger King