Post on 11-Nov-2014
description
transcript
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
Brunswick Zone XL1515 West Aurora Avenue
Naperville, IL 60540 (Chicago MSA)
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
1) Confidentiality&Disclaimer
2) ExecutiveSummary
3) PropertyOverview
4) Aerial
5) SitePlan
6) Maps
7) TenantProfile
8) DemographicComparisonReport
9) LocationOverview
10) ContactInformation
TABLE OF CONTENTS
TABLE OF CONTENTS
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
TheinformationcontainedinthefollowingOfferingMemorandumisproprietaryandstrictlyconfidential.ItisintendedtobereviewedonlybythepartyreceivingitfromTheBoulderGroupandshouldnotbemadeavailabletoanyotherpersonorentitywithoutthewrittenconsentofTheBoulderGroup.ThisOfferingMemorandumhasbeenpreparedtoprovidesummary,unverifiedinformationtoprospectivepurchasers,andtoestablishonlyapreliminarylevelofinterestinthesubjectproperty.Theinformationcontainedhereinisnotasubstituteforathoroughduediligenceinvestigation.TheBoulderGrouphasnotmadeanyinvestigation,andmakesnowarrantyorrepresentation.TheinformationcontainedinthisOfferingMemorandumhasbeenobtainedfromsourceswebelievetobereliable;however,TheBoulderGrouphasnotverified,andwillnotverify,anyoftheinformationcontainedherein,norhasTheBoulderGroupconductedanyinvestigationregardingthesemattersandmakesnowarrantyorrepresentationwhatsoeverregardingtheaccuracyorcompletenessoftheinformationprovided.Allpotentialbuyersmusttakeappropriatemeasurestoverifyalloftheinformationsetforthherein.
CONFIDENTIALITY & DISCLAIMER
CONFIDENTITALITY & DISCLAIMER
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
TheBoulderGroupispleasedtomarketforsaleasingletenantBrunswickZoneXLpropertylocatedwithintheChicagoMSA.The80,425squarefootpropertyislocatedon6.9acresoflandintheprimarytradeareaofNaperville,Illinois.Napervilleisanaffluentcommunitylocatedapproximately30mileswestofdowntownChicago.ThecityofNapervillehasbeenrankedinthetopfiveforMoney Magazine’s: Best Places to Live,threeofthelasteightyears.BrunswickZoneXLhasoperatedatthislocationsince1997andrecentlyextendedtheirleasethroughJune2018withtworentalescalations.Additionally,BrunswickZoneXLfeaturesabelowmarketrentalrate.BrunswickZoneXLisownedandoperatedbyBrunswickCorporation(NYSE:BC),andhasover100locationsintheUnitedStatesandCanada.BrunswickZoneXLisafamilyfuncenterofferingbowling,arcadegames,billiardsandmore.
ThepropertyislocatedalongAuroraAvenue(18,100VPD)approximatelyonemileeastofIllinoisRoute59(50,500VPD).BrunswickZoneXLbenefitsfromits locationintheprimaryretailtradeareaonemilefromWestfieldFoxValley regionalmall.WestfieldFoxValley isanchoredbyMacy’s, JCPenney,Kohl’sandSears.Other retailers intheimmediateareaincludeWal-MartSupercenter,Sam’sClub,SuperTarget,Costco,Lowe’sandHomeDepot.Additionally,thepropertyislocatednearSpringbrookPrairiePavilionretailcenterwhichistenantedbyDicks,WholeFoods,NordstromRackandHomeGoods.Residentslivingwithinonemileofthepropertyenjoyaveragehouseholdincomeofapproximately$120,000annually.BrunswickZoneXLoffers its customers40 lanesofbowling,16billiardstables,eventrooms,gamezonearcade,lazertag,bumpercarsandabar&grill.
BrunswickZoneXL’soriginalfifteenyearleasetermcommencedin1997andBrunswickZoneXLrecentlyextendedtheir lease through June2018. Thenet operating income increasesby2.5% in2016and in2017. The leasehasoneadditional2-yearrenewaloptionwithannual2.5%escalations.TheleaseiscorporatelyguaranteedbyBrunswickCorporation.BrunswickCorporationisapubliclytradedcompanyontheNewYorkStockExchange(BC),withamarketcapitalizationof$3billion.
INVESTMENT HIGHLIGHTS
•LocatedwithintheChicagoMSA•2.5%rentalescalationsin2016andeveryyearthereafter•Belowmarketrentpersquarefoot•Tenanthasbeenatlocationforover16yearsandrecentlyextendedleasethroughJune2018
•Positionedintheprimaryretailtradearea•CloseproximitytoWestfieldFoxValleyregionalmallanchoredbyMacy’s,JCPenney,Kohl’sandSears
•OthernearbyretailersincludeWal-MartSupercenter,Sam’sClub,SuperTarget,Costco,Lowe’sandHomeDepot•Corporatelyguaranteedlease(NYSE:BC)•NapervilleisanaffluentsuburbofChicagowithaveragehouseholdincomeofapproximately$120,000withinonemileoftheproperty
EXECUTIVE SUMMARY
EXECUTIVE SUMMARY
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
PROPERTY OVERVIEW
PROPERTY OVERVIEW
Price: $4,400,000
CapRate: 9.68%
RenewalOptions: One2-Year
RentSchedule: NOI RentP/SF EscalationDate
$426,098 $5.30$436,750 $5.43 7/1/2016$447,669 $5.57 7/1/2017$458,860 $5.71 7/1/2018(Option)$470,332 $5.85 7/1/2019
LeaseCommencementDate: April3,1997
LeaseExpirationDate: June30,2018
Tenant: BrunswickZoneXL
Guarantor: BrunswickCorporation(NYSE:BC)
LeaseType: TripleNet
LandlordResponsibilities: StructureOnly
RentableSquareFeet: 80,425
LandSize: 6.9acres
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
AERIAL
AERIAL
27,000 VPD
WEST OGDEN AVENUE
50,500 VPD
AURORA AVENUE 18,100 VPD
59
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
SITE PLAN
SITE PLAN
AURORA AVENUE
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
MAPS
MAPS
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
Brunswick Corporation (NYSE: BC) isaUnitedStatesbasedcorporationheadquarteredinLakeForest,Illinois.Brunswick is involved in manufacturing marine boats, marine engines and fitness equipment. BrunswickCorporationalsomanufacturesbilliardsandbowlingequipment,bowlingservices,products,andaccessoriesandoperatesbowlingcentersintheUnitedStatesandCanada.Brunswickreportsthatinthepastfiveyears,theirinternationalsaleshavegrownattwicetherateofdomesticsales.ThecompanyhasestablishedregionalheadquartersinBelgium,AustraliaandDubaitobetterserveitscustomers.
Brunswickownsandoperatesover100“BrunswickZone”locationsthroughouttheUnitedStatesandCanadaofferingfood,arcadegames,bowling,billiardsandlazertag,bumpercarsandeventroomsatselectlocations.BrunswickispubliclytradedontheNewYorkStockExchange(BC)withamarketcapof$3billion.Brunswickhadrevenueofapproximately$3.7billionin2012.
CorporateWebsite: www.brunswick.comBrunswickZoneWebsite: www.bowlbrunswick.comNumberofLocations: 100+StockSymbol: BC:NYSEMarketCapitalization: $3billion
TENANT PROFILE
TENANT PROFILE
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
Population 1-mi 3-mi 5-mi
TotalPopulation 10,821 84,911 231,663TotalHouseholds 3,934 32,603 82,544
Income
MedianHouseholdIncome $101,233 $83,319 $94,340AverageHouseholdIncome $119,118 $103,284 $114,070
DEMOGRAPHIC COMPARISON REPORT
DEMOGRAPHIC COMPARISON REPORT
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
Naperville islocatedinDuPageandWillCountiesinIllinois.Thepopulationatthe2010censuswas141,853makingitthe5thlargestcityinIllinois.Ina2010studybybizjournals,NapervillewasnamedasthewealthiestcityintheMidwestandeleventhinthenationwithapopulationover75,000.Napervilleislocated28mileswestofdowntownChicagoandconsistentlyranksamongst
thetopcommunitiesinthenationtolive,raisechildrenandretire.NapervillehasbeenrankedinthetopfiveforMoneyMagazines:BestPlacestoLive,threeofthelasteightyears.
Napervillehasadiversifiedemployerbasethatfeatureshightechnologyfirms,retailersandfactories,aswellassmallandhome-basedbusinesses.MajorareaprivateemployersofNapervilleincludeLucentTechnologies,NicorGas,BPAmoco,Tellabs,OndeoNalco,ConAgraFoods,Laidlaw,CalamosInvestments,SolarCommunicationsandKraftFoods.
www.naperville.il.us
Chicago isthemostpopulouscityintheMidwesternUnitedStatesandthethirdmostpopulouscityintheUnitedStateswith2,700,000residents.ChicagoisthecountyseatofCookCounty,thesecondlargestcountyintheUnitedStates.TheChicagoMSAisthethirdmostpopulatedmetropolitanareain theUnitedStateswith9,580,567 residents. TheMSAcoversover1,300squaremilesand six
counties.TheChicagometropolitanareaishometothecorporateheadquartersof57Fortune1000companies,includingBoeing,McDonald’s,Motorola,DiscoverFinancialServicesandUnitedAirlines.Chicagoisamajorhubforindustry,telecommunicationsandinfrastructureandO’HareInternationalAirportisthesecondbusiestairportintheworldintermsoftrafficmovement.
ThemetroisalsoamajorfinancialcenterinNorthAmerica,andishometothelargestfuturesexchangeintheUnitedStates,theCMEGroup.ChicagoisthirdintheworldontheGlobalFinancialCentersIndexwhichranksthecompetitivenessoffinancialcentersbasedonpeople,businessenvironment,marketaccess,infrastructureandgeneralcompetitiveness.
www.cityofchicago.org
LOCATION OVERVIEW
LOCATION OVERVIEW
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
666DundeeRoad,Suite1801Northbrook,IL60062
Randy BlanksteinPresident847.562.0003rblank@bouldergroup.com
Jimmy GoodmanPartner847.562.8500jimmy@bouldergroup.com
CONTACT INFORMATION
CONTACT INFORMATION