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NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
O’Reilly Auto Parts854 Summit Street
Elgin, IL 60120 (Chicago MSA)
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
TheBoulderGroupispleasedtoexclusivelymarketforsaleasingletenantnetleasedcorporatelyguaranteedO’ReillyAutoPartspropertylocatedwithintheChicagoMSA.Thehighqualitybuildingwasconstructedin2008inadenselypopulatedarea.Theleasehasapproximatelynineyearsremainingandfeaturesa10%rentalescalationintheprimarytermandineachrenewaloptionperiod.O’ReillyAutoPartsisaninvestmentgraderatedtenant(S&P:BBB)andispubliclytraded(NASDAQ:ORLY)withamarketcapitalizationinexcessof$15.5billion.
The7,616squarefootretailbuildingwasconstructedin2008alongSummitStreet,aprimaryeast-westthoroughfareinthearea.Thesurroundingareaisdenselypopulatedwithover21,000peoplelivingwithinaonemileradiusoftheproperty.Additionally,thereareover185,000peoplelivingwithinafivemileradiusearningaverageannualhouseholdincomesofapproximately$80,000.ThepropertybenefitsfromitslocationadjacenttoaJewel-Oscogroceryanchoredshoppingcenter.Theproperty iscentrally locatedwithinastrongretailcorridorthatfeaturesWalgreens,SearsOutlet,ChaseBank,PNCBank,FifthThirdBank,andElginFreshMarket.AccesstoInterstate90islocatedapproximatelytwomilesnorthofthepropertyandInterstate90experiencestrafficcountsinexcessof103,000vehiclesperday.
O’ReillyAutoPartshasapproximatelynineyearsremainingontheirnetleasethatexpiresinFebruary2023.Theleasefeaturesa10%rentalescalationintheprimarytermandineachrenewaloptionperiod.O’ReillyAutoPartsisaninvestmentgraderatedtenant(S&P:BBB)andispubliclytraded(NASDAQ:BBB)withamarketcapitalizationinexcessof$15.5billion.
INVESTMENT HIGHLIGHTS
•LocatedwithintheChicagoMSA
•Investmentgraderatedtenant(S&P:BBB)
•10%rentalescalationintheprimarytermandrenewal optionperiod
•Denselypopulatedareawithover21,000peopleliving withinaonemileradius
•LocatedadjacenttoaJewel-Oscogroceryanchored shoppingcenter
•Locatedalongaprimaryeast-westthoroughfare
•Centrallylocatedinastrongretailcorridorthatfeatures Walgreens,SearsOutlet,ChaseBank,PNCBank,Fifth ThirdBankandElginFreshMarket
EXECUTIVE SUMMARY
EXECUTIVE SUMMARY
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
PROPERTY OVERVIEW
PROPERTY OVERVIEW
Price: $2,523,529
CapRate: 6.80%
RentSchedule: NOI EscalationDate
$171,600$188,800 3/1/2018$207,680 3/1/2023(Option1)$228,400 3/1/2028(Option2)
RentalEscalations: 10%EveryFiveYears
RenewalOptions: Two5-Year
LeaseCommencementDate: February29,2008
LeaseExpirationDate: February28,2023
Tenant: O’ReillyAutoParts
Credit: InvestmentGrade(S&P:BBB)
YearBuilt: 2008
LeaseType: NN(Structure,Parking,HVAC)*
BuildingSize: 7,616SF
LandSize: 33,290SF
*Roof has a 20 year warranty with 14 years remaining
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
AERIAL
AERIAL
SUMMIT STREET
LORDS PARK
LORDS PARKELEMENTARY SCHOOL
N
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
O’Reilly Automotive, Inc., togetherwith itssubsidiaries, isengaged in the retailofautomotiveaftermarketparts, tools, supplies, equipment, and accessories in the United States. The company provides new andremanufacturedautomotivehardparts,includingalternators,starters,fuelpumps,waterpumps,brakesystemcomponents, batteries, belts, hoses, temperature controls, chassis parts, and engine parts;maintenanceitemscomprisingoil,antifreezeproducts,fluids,filters,wiperblades,lightingproducts,engineadditives,andappearanceproducts;andaccessories,suchasfloormats,seatcovers,andtruckaccessories.Itsstoresofferautobodypaintandrelatedmaterials,automotivetools,andprofessionalserviceproviderserviceequipment.Itsstoresprovidedo-it-yourselfandprofessionalserviceprovidercustomersaselectionofbrandname,housebrands,andprivatelabelproductsfordomesticandimportedautomobiles,vans,andtrucks.AsofDecember31,2013,thecompanyoperated4,166storesin42states.O’ReillyAutomotive,Inc.wasfoundedin1957andisheadquarteredinSpringfield,Missouri.
O’ReillyAutoPartsispubliclytradedontheNASDAQ(ORLY)andhasamarketcapitalizationinexcessof$15.5billion.O’Reilly’sisaninvestmentgraderatedcompanywithaStandard&Poor’sratingofBBB.
Website: www.oreillyauto.comCreditRating: InvestmentGrade(S&P:BBB)StockSymbol: ORLY(NASDAQ)MarketCapitalization: $15.5billionNumberofLocations: 4,166+Headquarters: Springfield,MO
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 21,430 87,361 185,572TotalHouseholds 6,548 27,562 61,661
Income
MedianHouseholdIncome $55,320 $55,220 $62,842AverageHouseholdIncome $69,404 $70,047 $79,891
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
ElginisacitylocatedinbothCookandKanecountiesinthenorthernpartofIllinoisapproximately35milesnorthwestofdowntownChicago.Asof2013,thecityhadapopulationof110,145,makingittheeighth-largest city in Illinois. Elgin has three stations onMetra’sMilwaukeeDistrict/West Line,whichprovidesdailyrailservicebetweenElginandChicago,Illinois.Additionally,ElginisservedbyInterstate90whichleadstodowntownChicago.
www.cityofelgin.org
Chicago is themostpopulous city in theMidwesternUnitedStatesand the thirdmostpopulous cityintheUnitedStateswith2,700,000residents.ChicagoisthecountyseatofCookCounty,thesecondlargestcountyintheUnitedStates.TheChicagoMSAisthethirdmostpopulatedmetropolitanareaintheUnitedStateswith9,580,567residents.TheMSAcoversover1,300squaremilesandsixcounties.TheChicagometropolitanareaishometothecorporateheadquartersof57Fortune1000companies,includingBoeing,McDonald’s,Motorola,DiscoverFinancialServicesandUnitedAirlines.Chicago isa
majorhub for industry, telecommunicationsand infrastructureandO’Hare InternationalAirport is the secondbusiestairportintheworldintermsofvolume.
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]