Net Lease Property for Sale in the Chicago MSA

transcript

NET LEASED INVESTMENT OFFERING

www.bouldergroup.com

CITGO200 Fabyan Parkway

Batavia, IL 60510 (Chicago MSA)

TABLE OF CONTENTS

1) Confidentiality&Disclaimer

2) ExecutiveSummary

3) PropertyOverview

4) Aerial

5) SitePlan

6) Maps

7) TenantProfile

8) DemographicComparisonReport

9) LocationOverview

10) ContactInformation

TheinformationcontainedinthefollowingOfferingMemorandumisproprietaryandstrictlyconfidential.ItisintendedtobereviewedonlybythepartyreceivingitfromTheBoulderGroupandshouldnotbemadeavailabletoanyotherpersonorentitywithoutthewrittenconsentofTheBoulderGroup.ThisOfferingMemorandumhasbeenpreparedtoprovidesummary,unverifiedinformationtoprospectivepurchasers,andtoestablishonlyapreliminarylevelofinterestinthesubjectproperty.Theinformationcontainedhereinisnotasubstituteforathoroughduediligenceinvestigation.TheBoulderGrouphasnotmadeanyinvestigation,andmakesnowarrantyorrepresentation.TheinformationcontainedinthisOfferingMemorandumhasbeenobtainedfromsourceswebelievetobereliable;however,TheBoulderGrouphasnotverified,andwillnotverify,anyoftheinformationcontainedherein,norhasTheBoulderGroupconductedanyinvestigationregardingthesemattersandmakesnowarrantyorrepresentationwhatsoeverregardingtheaccuracyorcompletenessoftheinformationprovided.Allpotentialbuyersmusttakeappropriatemeasurestoverifyalloftheinformationsetforthherein.

CONFIDENTIALITY & DISCLAIMER

CONFIDENTITALITY & DISCLAIMER

TheBoulderGroupispleasedtoexclusivelymarketforsaleasingletenantnetleasedCITGOpropertylocatedintheChicagoMSA.Thepropertywasoriginallyconstructedin1999ona2.01acreparcel.Thegasstationfeatures16gaspumps,aconveniencestoreandacarwash.TheleasecommencedFebruary2004andincludesannualrentalescalationsof1.75%.Thereare10yearsremainingintheprimarytermofthelease.

ThesubjectpropertyislocatedatthesignalizedintersectionofFabyanParkwayandNorthWashingtonAvenue,whichexperiencestrafficcountsinexcessof37,000vehiclesperday.ThesitehastwopointsofingressandegressandiseasilyaccessiblebyvehiclestravelingonFabyanParkwayorNorthWashingtonAvenue.FabyanParkwayisaprimaryeast-westthoroughfareservingBataviaandisoneofonlytworoadwaysthatcrosstheFoxRiver.BataviaiswellknownforbeingthehomeofFermilab,afederalgovernment-sponsoredhigh-energyphysicslaboratorythatemploys2,000people.TheretailtradeareafeaturesWalmart,Target,Sam’sClub,Walgreens,BestBuyandHomeDepotaswellasseveralothernationalretailers.

CITGO’soriginalleasetermisfor20yearswithfour5-yearrenewaloptionsandtheleaseexpiresinFebruary2024.Theleasefeaturesannualrentalescalationsof1.75%throughouttheprimaryterm.TheguarantorisGasMartUSA,aprivatelyheldcompanythatoperates108locationsinsevenstates.

INVESTMENT HIGHLIGHTS

• LocatedwithintheChicagoMSA

• 1.75%annualrentalescalations

• Longtermleasewith10yearsremaining

• Nolandlordresponsibilities

• Positionedonasignalizedintersectionwithtrafficcounts inexcessof37,000vehiclesperday

• LocatedalongFabyanParkway,aprimaryeast-west thoroughfareinBatavia

• Largelandparcelofovertwoacreswithanin-placeagreementtosubdivide31,300squarefeetforfuturedevelopment

EXECUTIVE SUMMARY

PROPERTY OVERVIEW

Price: $4,468,605

CapRate: 8.75%

NetOperatingIncome: $391,002

RentalEscalations: 1.75%Annually

RenewalOptions: Four5-yearatFMV

LeaseCommencementDate: February11,2004

LeaseExpirationDate: February29,2024

Tenant: GasMartUSA

YearBuilt: 1999

LeaseType: NNN

RentableSquareFeet: 8,018(combinationofbuildingandcanopy)

LandSize: 2.01acres

AERIAL

SITE PLAN

GAS DISPENSERS

E. FABYAN PARKWAY

PotentialDevelopment

Parcel31,300 SF

Citgo Petroleum Corporation (orCitgo)isanAmericanrefiner,transporterandmarketeroftransportationfu-els,lubricants,petrochemicalsandotherindustrialproducts.ThecompanyisownedbyPDVAmerica,Inc.,anindirectwhollyownedsubsidiaryofPetróleosdeVenezuela,S.A.,thenationaloilcompanyofVenezuela.ThecompanyhasitsheadquartersintheEnergyCorridorareaofHouston,Texas.

www.citgo.com

GasMart USAwasfoundedin1995andcompletedconstructiononitsfirststoreinearly1996.By2003theycompletedconstructionon7storeslocatedinandaroundKansasCity.Today,GasMartUSAhas108locationsinsevenstatesthroughouttheMidwest.TheyareheadquarteredinsuburbanKansasCity.

www.gasmartusa.com

TENANT PROFILE

Population 3-mi 5-mi 7-mi

TotalPopulation 58,496 115,042 230,060TotalHouseholds 21,771 41,407 78,324

Income

MedianHouseholdIncome $87,403 $86,362 $77,444AverageHouseholdIncome $108,123 $108,548 $101,030

DEMOGRAPHIC COMPARISON REPORT

Bataviawasfoundedin1833,andistheoldestcityinKaneCounty,Illinois,withasmallportioninDuPageCounty.DuringtheIndustrialRevolution,Bataviabecameknownas ‘TheWindmillCity’ forbeing the largestwindmillproducerof the time.Fermilab, a federal government-sponsored high-energy physics laboratory, where

boththebottomquarkandtopquarkswerefirstdetected,islocatedhere.BataviaispartoftheTri-Citiesarea,alongwithSt.CharlesandGeneva.Accordingtothe2010census,Bataviahadapopulationof26,045.

www.cityofbatavia.net

ChicagoisthemostpopulouscityintheMidwesternUnitedStatesandthethirdmostpopulouscityintheUnitedStateswith2,700,000residents.ChicagoisthecountyseatofCookCounty,thesecondlargestcountyintheUnitedStates.TheChicagoMSAisthethirdmostpopulatedmetropolitanareaintheUnitedStateswith9,580,567residents.TheMSAcoversover1,300square miles and six counties. The Chicago metropolitan area is home to the corporateheadquartersof57Fortune1000companies,includingBoeing,McDonald’s,Motorola,Discover

FinancialServicesandUnitedAirlines.Chicagoisamajorhubforindustry,telecommunicationsandinfrastructureandO’HareInternationalAirportisthesecondbusiestairportintheworldintermsofvolume.

ThemetroisamajorfinancialcenterinNorthAmerica,andishometothelargestfuturesexchangeintheUnitedStates, the CMEGroup. Chicago is third in the world on the Global Financial Centers Index which ranks thecompetitivenessoffinancialcentersbasedonpeople,businessenvironment,marketaccess,infrastructureandgeneralcompetitiveness.

www.cityofchicago.org

LOCATION OVERVIEW

666DundeeRoad,Suite1801Northbrook,IL60062

Randy BlanksteinPresident847.562.0003rblank@bouldergroup.com

Jimmy GoodmanPartner847.562.8500jimmy@bouldergroup.com

CONTACT INFORMATION

Net Lease Property for Sale in the Chicago MSA

Real Estate