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NET LEASED INVESTMENT OFFERING www.bouldergroup.com Rogy’s Learning Place 50 Mitchell Road North Aurora, IL 60542
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NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
Rogy’s Learning Place50 Mitchell Road
North Aurora, IL 60542
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
TABLE OF CONTENTS
TABLE OF CONTENTS
1) Confidentiality&Disclaimer
2) ExecutiveSummary
3) PropertyOverview
4) Aerial
5) SitePlan
6) Maps
7) TenantProfile
8) DemographicComparisonReport
9) LocationOverview
10) ContactInformation
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
TheBoulderGroup ispleased toexclusivelymarket forsaleasingle tenantnet leasedRogy’sLearningPlace locatedwithintheChicagoMSA.ThepropertyislocatedinanaffluentareanearInterstate88.Rogy’sisaprivatelyheldchildcarecompanywithnineteenlocationslocatedthroughoutIllinoisandOhio.ThereareovertenyearsremainingontheRogy’sLearningPlace lease that expiresonMarch27,2025. The lease featuresmultiple rental escalations throughout theprimaryterm.TheleaseispersonallyguaranteedbyRichardandDawnRogy,theownersofRogy’sLearningPlace.Thisspecificlocationisoneofthetopperformersofthe19locations.
The42,589squarefootpropertyisstrategicallylocatedwithinanaffluentarea.Theaveragehouseholdincomewithinaonemileradiusofthepropertyisinexcessof$96,000annually.Additionally,thereareapproximately70,000peoplelivingwithinathreemileradiusofthepropertyearningaveragehouseholdincomesinexcessof$86,000.TheRogy’spropertyislocatedjustoffofthesignalizedintersectionofMitchellRoadandButterfieldRoad,whichexperiencestrafficcountsinexcessof23,000vehiclesperday.Theproperty is locatedlessthanoneandonehalfmilesfromInterstate88(RonaldReaganMemorialTollway),whichexperiencestrafficcountsinexcessof96,000vehiclesperday.Fermilab,afederalgovernment-sponsoredhigh-energyphysicslaboratorythatemploys2,000peopleislocatedintheimmediateproximitytotheproperty.TheRogy’sLearningPlaceislocatedapproximatelyoneandonehalfmilesfromtheChicagoPremiumOutlets,a437,000squarefootdevelopmentthatfeatures120retailers.
ThereareovertenyearstenyearsremainingontheRogy’sLearningPlaceleasethatfeaturesmultiplerentalescalationsthroughout theprimary term.The lease ispersonallyguaranteedby theownersofRogy’sLearningPlace.Rogy’s isaprivatelyheldchildcarecompanywithnineteenlocationsinIllinoisandOhio.
INVESTMENT HIGHLIGHTS
•LocatedwithintheChicagoMSA
•Longtermleasewithover10yearsremaining
•Multiplerentalescalationsintheprimaryterm
•Approximately70,000peoplelivingwithinathreemileradius earningaverageannualhouseholdincomesinexcessof$86,000
•LocatedjustoffofthesignalizedintersectionofMitchellRoad andButterfieldRoad(23,000+VPD)
•LocatednearInterstate88(96,000VPD)
•Fermilab,afederalgovernment-sponsoredhigh-energyphysics laboratorythatemploys2,000peopleislocatedinthe immediateproximity
•Surroundedbyhousingdevelopments
EXECUTIVE SUMMARY
EXECUTIVE SUMMARY
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
PROPERTY OVERVIEW
PROPERTY OVERVIEW
Price: $3,194,477
CapRate: 7.75%
RentSchedule: NOI EscalationDate
$247,572$259,464 4/1/2016$271,272 4/1/2018
RentalEscalations: 4.6%Plus
LeaseExpirationDate: March27,2025
Tenant: Rogy’sLearningPlace
YearBuilt: 2005
LeaseType: NN(Roof&Structure)
BuildingSize: 9,260SF
LandAcreage: 42,589SF
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
AERIAL
AERIAL
N
88 96,000 VPD
MIT
CHEL
L R
OAD
LIBERTY BUSINESS CENTER
BUTTERFIELD ROAD
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
SITE PLAN
SITE PLAN
N
MIT
CHEL
L RO
AD
Outd
oor P
lay
Area
Outd
oor P
lay
Area
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
MAPS
MAPS
CHICAGO
FERMILAB
NET LEASED INVESTMENT OFFERING
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Rogy’s Learning Placehasbeenfamilyownedandoperatedsince1972.ItisoperatedbyMrs.Rogy,hertwodaughters,WendyPettettandDawnMeyer,andhersonRickRogy.Thefamilyhasnearly100yearsofcombinedexperienceinthechildcareindustry.Theyallareactivelyinvolvedinoperationsandcommittedtoprovidingexcellentcareforallchildreninanenvironmentthateducatesandnurturesthemasindividuals.TheRogyfamilyalsohasanexecutivestaffwithyearsofexperienceinearlychildhoodeducation.
Thecompanycurrentlyhas19locationsinbothIllinoisandOhio.Rogy’sLearningPlaceofferschildcareservicesforchildrenrangingfrominfantstotwelveyearolds.ThecompanyisheadquarteredinPeoria,Illinois.
Website: www.rogys.comNumberofLocations: 19Headquarters: Peoria,Illinois
TENANT PROFILE
TENANT PROFILE
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
DEMOGRAPHIC COMPARISON REPORT
DEMOGRAPHIC COMPARISON REPORT
Population 1-mi 3-mi 5-mi
TotalPopulation 6,280 68,985 205,320TotalHouseholds 2,045 23,483 66,358
Income
MedianHouseholdIncome $83,827 $65,405 $59,199AverageHouseholdIncome $96,162 $86,335 $81,550
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
North AuroraisvillageinKaneCountyandasuburbofChicago.NorthAuroraislocatedapproximatelyfortymileswestofdowntownChicagoandiseasilyaccessiblebyInterstate88.Asofthe2010Census,thepopulationofthecitywas15,848.NorthAuroramaintainsitsownpubliclibrarydistrict,firedistrict,andpolicedepartment,butpublicspacesandparksaremanagedbytheneighboringFoxValleyParkDistrict.
www.vil.north-aurora.il.us
ChicagoisthemostpopulouscityintheMidwesternUnitedStatesandthethirdmostpopulouscityintheUnitedStateswith2,700,000residents.ChicagoisthecountyseatofCookCounty,thesecondlargestcountyintheUnitedStates.TheChicagoMSAisthethirdmostpopulatedmetropolitanareaintheUnitedStateswith9,580,567residents.TheMSAcoversover1,300squaremilesandsixcounties.TheChicagometropolitanareaishometothecorporateheadquartersof57Fortune1000companies,includingBoeing,McDonald’s,
Motorola,DiscoverFinancialServicesandUnitedAirlines.Chicagoisamajorhubforindustry,telecommunicationsandinfrastructureandO’HareInternationalAirportisthesecondbusiestairportintheworldintermsofvolume.
ThemetroisamajorfinancialcenterinNorthAmerica,andishometothelargestfuturesexchangeintheUnitedStates,theCMEGroup.ChicagoisthirdintheworldontheGlobalFinancialCentersIndexwhichranksthecompetitivenessoffinancialcentersbasedonpeople,businessenvironment,marketaccess,infrastructureandgeneralcompetitiveness.
www.cityofchicago.org
LOCATION OVERVIEW
LOCATION OVERVIEW
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
CONTACT INFORMATION
CONTACT INFORMATION
666DundeeRoad,Suite1801Northbrook,IL60062
Randy [email protected]
Jimmy [email protected]
