Franklin Park, IL

Confidential Offering

Memorandum

Table of Contents

I.Executive Summary & Lease

Abstract3

II. Aerial & Retail Mapping 8

III. Market Overview 11

IV. Tenant Overviews 17

V. Additional Property Photography 19

VI. JLL Contacts 22

Executive Summary & Lease Abstract

4

Executive Summary

Proprietary and confidential

Property Overview

Address2926 Mannheim Rd

Franklin Park, IL 60131

Price / PSF $3,100,000 / $537

Cap Rate 6.37%

NOI / PSF* $197,370 / $34.22

Lease Type NN

Landlord Responsibilities**Roof, Structure, & Common

Area Maintenance

Property Type Retail

Building Size (SF) 5,767 SF

Site Size (Acres) 0.95 Acres +/-

Year Built / Renovated 2017

Ownership Interest Fee Simple

Parking 50 Spaces +/-

*Annual rent PSF based on building’s square footage

** Landlord is 100% reimbursed for all Common Area Maintenance

The Offering

Jones Lang LaSalle (“JLL”) is pleased to offer for sale the fee simple interest in a newconstruction, net lease retail offering (the “Property” or “Asset”) leased to ChipotleMexican Grill, T-Mobile, and Pizza Hut. The Property is situated amidst a dense retail and

industrial corridor, the O’Hare submarket, considered to be one of the nationally-leading

industrial marketplaces with significant annual deliveries and rental growth.

The Property’s location is further supported by its proximity to O’Hare International

Airport, several of Chicago’s most trafficked interstates and major thoroughfares, and a

dense demographic profile (over 108,000 residents within three-mile radius). The Property

offers investors long term leases, contractual rent growth, strong tenancy with nationalbrands / operators, and outstanding access & visibility.

5

Investment Highlights

Proprietary and confidential

Dynamic Submarket Proximate to O’Hare International Airport

High Traffic Location with Outstanding Visibility

High-Growth Chicago Retail & Industrial Corridor

The Property benefits from excellent daily traffic counts of nearly 80,000 per day at the

intersection of Mannheim Road and Grand Avenue. Furthermore, the Asset is less than

one mile from Interstate 294, which is one of the main arterials servicing Chicago’s

northwest and southwest suburbs.

Anchored by a host of national credit tenants and over 1.5 million square feet of industrial

space constructed in the last year, the Property benefits from exceptional commercial

market fundamentals. The existing presence of national retailers in combination with

ongoing construction and deliveries ensures long-term location strength.

A new investor will enjoy stable, long term rental revenue and strong asset appreciation

supported by the Property’s premier retail location. The Asset is surrounded by a desirable

and growing residential neighborhood, ongoing commercial development, and proximity

to O’Hare International Airport, the 4th busiest airport globally.

New 2017 Construction

The Property was recently constructed in 2017, featuring new prototype build-outs for

each of the Tenants as well as a new parking lot.

Favorable Lease Structures

All three Tenants feature leases with eight-to-ten percent rental increases in both primary

terms and renewal periods, supplemental income streams from pro-rata share common

area maintenance payments, and minimal landlord responsibilities.

Strength in National Retail Tenancy

The Property is occupied by nationally recognized retail tenants. Chipotle is a publicly

traded, fast-casual restaurant chain with 2,250 locations worldwide. Wireless Vision, LLC

operates more than 300 T-Mobile-branded retail stores in 18 states, making the company

the largest T-Mobile Exclusive Retailers in the country. EYM Pizza of Illinois, Inc. has

grown to become about a 40-unit Pizza Hut franchise company throughout Illinois and

Indiana.

6

Rent Roll

Proprietary and confidential

Suite Tenant Size Pro-Rata Lease Term Rent Date MonthlyPSF

(Monthly)Annual

PSF

(Annually)

Years

Remaining

A Chipotle 2,300 SF 39.88% Primary Term 8/24/2017 - 8/23/2022 $6,900 $3.00 $82,800 $36.00 10.0

2,300 SF 39.88% 8/24/2022 - 8/23/2027 $7,590 $3.30 $91,080 $39.60

2,300 SF 39.88% Renewal Option 1 8/24/2027 - 8/23/2032 $8,349 $3.63 $100,188 $43.56

2,300 SF 39.88% Renewal Option 2 8/24/2032 - 8/23/2037 $9,184 $3.99 $110,207 $47.92

2,300 SF 39.88% Renewal Option 3 8/24/2037 - 8/23/2042 $10,102 $4.39 $121,227 $52.71

2,300 SF 39.88% Renewal Option 4 8/24/2042 - 8/23/2047 $11,113 $4.83 $133,350 $57.98

B Pizza Hut 1,624 SF 28.16% Primary Term 1/20/2018 - 1/19/2023 $4,000 $2.46 $48,000 $29.56 7.5

1,624 SF 28.16% 1/20/2023 - 6/19/2025 $4,320 $2.66 $51,840 $31.92

1,624 SF 28.16% Renewal Option 1 6/20/2025 - 1/19/2028 $4,320 $2.66 $51,840 $31.92

1,624 SF 28.16% Renewal Option 2 1/20/2028 - 1/19/2033 $4,666 $2.87 $55,987.20 $34.47

1,624 SF 28.16% Renewal Option 3 1/20/2033 - 1/19/2038 $5,039 $3.10 $60,466.18 $37.23

C T-Mobile 1,742 SF 30.21% Primary Term 8/29/2017 - 8/28/2024 $5,516 $3.17 $66,196 $38.00 7.0

1,742 SF 30.21% Renewal Option 1 8/29/2024 - 8/28/2029 $6,068 $3.48 $72,816 $41.80

1,742 SF 30.21% Renewal Option 2 8/29/2029 - 8/28/2034 $6,675 $3.83 $80,097 $45.98

Averages: 5,767 SF $16,416 $2.85 $196,996 $34.16

7

Year 1 Cash Flow

Proprietary and confidential

Year 1 Forecast

Totals PSF

Rental Revenue

Potential Base Rent $196,996 $34

Scheduled Base Rent $196,996 $34

Total Rental Revenue $196,996 $34

Other Tenant Revenue

Declaration Fee $374 -

Insurance, CAM, & RE Taxes $54,113 $9

Total Expense Recoveries $54,487 $9

Total Other Tenant Revenue $54,487 $9

Total Tenant Revenue $251,483 $44

Potential Gross Revenue $251,483 $44

Effective Gross Revenue $251,483 $44

Operating Expenses

Insurance, CAM, & RE Taxes $54,113 $9

Total Operating Expenses $54,113 $9

Net Operating Income $197,370 $34

Cash Flow Before Debt Service $197,370 $34

Cash Flow Available for Distribution$197,370 $34

* Management Fee included within Common Area Maintenance expenditures for all Tenants – See Leases for additional information

Aerial & Retail Mapping

9

Aerial Mapping

Man

nh

eim

Rd

: 49,9

00 V

PD

Grand Ave: 31,000 VPD

The Property is located in the heart of the new 13 acre Franklin Park Marketplace Development

(outlined in blue below), joining tenants such as Starbucks, Chase Bank, CVS and Sonic.

10

Proximity to O’Hare International Airport

Proprietary and confidential

Market Overview

12

Franklin Park Overview

Proprietary and confidential

Franklin Park Overview

The Village of Franklin Park has grown to over 18,000 residents and is home to more than

1,000 businesses. The village is located approximately 13 miles northwest of downtown

Chicago and is easily accessible by interstate highway and the METRA Milwaukee District

West rail line.

Franklin Park has experienced rapid development and real estate growth over the last 12

months. Over 1.2 million square feet of industrial building was constructed in the past year and

an additional 620,000 square feet of industrial building is in the 2017 construction pipeline. In

the Franklin Marketplace, on the northwest corner of Grand and Mannheim, a retail developer

broke ground on a freestanding Starbucks and delivered the property in August of 2017. Just

north, the Chipotle, T-Mobile, and Pizza Hut Asset was delivered shortly thereafter. With

developers and businesses actively seeking sites primed for future redevelopment with good

access to O’Hare International Airport, downtown Chicago and freight infrastructure, the

Village does not expect construction to slow anytime soon.

In 2016, the global data center firm Digital Realty purchased the 18.5-acre site at 9401 Grand

Avenue, the former headquarters of Motorola. Digital Realty has started demolition of the

property’s existing buildings to make way for a new 470,000 square foot data storage center, an

expansion of the firm’s existing campus to the east. Redevelopment of the property will

generate a significant number of jobs and substantial property and electrical transaction taxes for

the Village. This demolition marks a historic return of tech-based investment and innovation to

the Village, with Digital Realty acting as an anchor for Franklin Park’s re-emerging high-tech

sector.

Long-Term Growth Forecast

Demographics1-MILE

RADIUS

3-MILE

RADIUS

5-MILE

RADIUS

POPULATION2022 Projection 19,705 108,398 373,672

2017 Estimate 19,648 107,711 370,538

2017 Number of Households 6,321 36,188 130,640

2017 - 2022 Projected Growth 0.1% 0.1% 0.2%

Age 0 – 14 19.8% 20.5% 18.8%

Age 15 - 24 13.6% 13.0% 12.6%

Age 25 - 44 28.6% 28.8% 26.8%

Age 45 - 64 25.2% 24.3% 26.3%

Age 65+ 12.8% 13.2% 15.7%

ESTIMATED HH INCOMELess than $35,000 23.4% 29.6% 26.8%

$35,000 - $49,999 14.8% 15.5% 13.3%

$50,000 - $74,999 22.2% 20.0% 18.1%

$75,000 - $99,999 15.6% 14.1% 13.8%

More than $100,000 23.8% 20.9% 28.0%

Average Estimated HH Income $73,071 $68,761 $84,645

Median HH Income $60,496 $54,511 $61,214

The Village continues its work on the Franklin Park Comprehensive Plan, which will help guide

decision making for the next 10-15 years to ensure that Franklin Park continues to be a great

place to live, work and do business. The Village’s active involvement in the Elgin O’Hare

Western Access (EOWA) project and ongoing work on the O’Hare Subregion Truck Routing

and Infrastructure Plan will solidify Franklin Park’s position as a well-connected transportation

hub that attracts freight and manufacturing firms. In 2016, the Village also began work with

community stakeholders on the Franklin Park Complete Streets Policy, a document which will

shape future infrastructure projects to enhance the safety, health and quality of life of Franklin

Park residents, workers and visitors.

13

Franklin Park Development Overview

Proprietary and confidential

Source: Franklin Park Department of Community Development & Zoning

14

Chicago Overview

Proprietary and confidential

15

Chicago Labor Market Fundamentals

Proprietary and confidential

16

Chicago Growth Through Venture Capital

Proprietary and confidential

Tenant Overviews

Tenant Overview

Proprietary and confidential 18

Chipot le Overv i ew

Chipotle is a publicly traded, fast-casual restaurant

chain with 2,250 locations worldwide. Chipotle

Mexican Grill, Inc. is known for its large burritos,

assembly-line production, and use of natural

ingredients.

In 2016, Chipotle reported earnings of $3.9

billion. Through the first half of 2017, Chipotle

has increased revenue by 22.1% as compared

to the same time last year. In 2Q2017, Chipotle

posted same-store sales growth of 8.1%.

Chipotle has proven a continued determination to

expanding their business, seen in new-menu

choices and testing drive-thru services.

EY M Pizza Overv i ew

EYM Pizza was founded in 2016 and operates in

two states (Indiana & Illinois). They are committed

to represent the very best of Pizza Hut & Wing

Street and have grown to become about a 40-unit

Pizza Hut franchise company.

Founded in 2008, EYM Group, Inc. (parent to EYM

Pizza) restaurants are located in 8 states: Texas,

Florida, Michigan, Iowa, Missouri, Kansas, Illinois

and Indiana. EYM Group has grown as a multi-

brand franchisee company combination of

restaurant development and strategic acquisitions,

operating 100+ Denny’s, Burger King, and Pizza

Hut locations.

Wire l ess Vi s ion Overv i ew

Wireless Vision, LLC operates more than 300 T-

Mobile-branded retail stores in 18 states, making

the company the largest T-Mobile Exclusive

Retailers in the country. Currently, Wireless Vision

operates stores in Michigan, Arizona, Illinois, Kansas,

Missouri, Colorado, Indiana, Ohio, Minnesota,

Georgia, Florida, Oklahoma, Wisconsin, Maryland,

District of Columbia, New York and New Jersey.

Established in 2004 and headquartered in Bloomfield

Hills, Mich., Wireless Vision is dedicated to

providing the finest quality voice and data products

and highest level of service to its customers.

Additional Property Photography

20Proprietary and confidential

Additional Property Photography

21Proprietary and confidential

Additional Property Photography

© 2017 Jones Lang LaSalle IP, Inc. All rights reserved. The information contained in this document is proprietary to JLL and shall be used solely for the purposes of evaluating this proposal. All such

documentation and information remains the property of JLL and shall be kept confidential. Reproduction of any part of this document is authorized only to the extent necessary for its evaluation. It is not

to be shown to any third party without the prior written authorization of JLL. All information contained herein is from sources deemed reliable; however, no representation or warranty is made as to the

accuracy thereof.

www.jllproperty.us/net-lease

JLL Contacts

Investment Sales Contacts:

Alex Sharrin Eric Suffoletto Dwight Stephenson

+1 312 228 3197 +1 312 228 3254 +1 312 228 2014

alex.sharrin@am.jll.com eric.suffoletto@am.jll.com dwight.stephenson@am.jll.com