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
BRAND NEW NNN LEASES - The 100% leased two-tenant property features NNN leases with tenants reimbursing for CAM, taxes, and insurance. Additionally, the tenants pay a 3% management fee or 15% admin fee on CAM. RARE 12-YEAR TERMS - Both leases feature a rare 12 years of initial lease term with zero early termination rights and strong rental increases throughout the primary and option terms. NATIONAL CREDIT TENANTS - MOD Pizza is the largest fast-casual pizza chain with over 330 locations, generating more than $275 million in 2017. McAlister's Deli is one of the largest fast-casual sandwhich chains with over 400 locations, generating $550 million in revenue. MAJOR ANCHOR DRAW - The property is an outlot to the Shoppes on Six and anchored by Walmart Supercenter, Ross Dress for Less, PetSmart, Five Below, and ATI Physical Therapy. Other major tenants nearby include Lowe's, Menards, and AMC Theatres, with adjacent outlot tenants that include Dunkin Donuts, Qdoba, Noodles, Panda Express, Kay Jewelers, and Great Clips. EXCELLENT EXPOSURE AT MAIN ENTRANCE - The site features excellent visibility and exposure at the center's main entrance along County Road 6, just west of its signalized intersection with Cassopolis Street, where combined traffic counts exceed 48,200 vehicles per day. ROBUST, REGIONAL TRADE AREA - The property is strategically positioned at the focal point of this robust, regional trade area - encompassing 190,000 people with $4.05 Billion in spending per year. Less than 1/2 mile north is the city's primary access to I-80 & I-90 which provide an excellent source of incoming traffic from the northern Indiana / southern Michigan customer base, as well as University of Notre Dame. THRIVING MIDWEST ECONOMY - Elkhart is home of the "Top 3 Manufacturers in the US" by IndustryWeek Magazine. Elkhart was recently ranked #1 for the "Largest Employment Gains in the US" by adding more than 41,300 jobs since 2009. The city currently holds the fourth-lowest unemployment rate in the US and is the first-lowest in the state of Indiana with just 2.2% unemployment. Its GDP is one of the fastest-growing in the country with a 7.6% increase in 2017.
Baum Realty Group has been exclusively retained by ownership to sell the newly constructed AT&T (corporate) property located in Maplewood (St. Paul), MN. The property is anchored by the Maplewood Mall which features more than 130 stores. This enhances daily traffic counts along White Bear Avenue and Highway I-694, boasting 35,400 VPD and 96,000 VPD, respectively.
Brand New NNN Leases – Newly constructed property featuring NNN leases. Common area maintenance is handled by the main development, providing minimal landlord responsibility. Strong Corporate Level Leases – Starbucks is the world’s leading coffee retailer with revenues in excess of $19 Billion and investment grade S&P credit of A-. Cellular Sales is the #1 largest Verizon retailer in the US with more than $1.48 Billion in revenue and over 675 locations. Strong Regional Market – The property is centrally located and surrounded by national retailers including Target, Walmart Supercenter, Ace Hardware, Petco, Jewel-Osco, Panera Bread, Portillo’s, Chipotle, Giordano’s, and Walgreens, among others. T.J. Maxx recently opened across the street while Ross Dress for Less and Ulta Beauty open this summer. Primary Signalized Intersection – The site features excellent visibility at the signalized intersection of Main Street & 38th Street with exposure to over 37,200 vehicles per day. Western Chicago Suburb – St. Charles is an established Chicago suburb known for it’s safety, outstanding schools, and proximity to the I-88 office corridor. There is a daytime population of 42,500 with an average household income of $128,600 within 3 miles of the property. Largest MSA in the Midwest – Downtown Chicago is approximately 30 miles east. The Chicago MSA is the third largest metropolitan area in the country with 9.9 million people.
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.
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.