Post on 14-Dec-2014
description
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
McDonald’s (Ground Lease)3151 South Dirksen Parkway
Springfield, IL 62703
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
TheBoulderGroupispleasedtoexclusivelymarketforsaleasingletenantMcDonald’sgroundleaselocatedinSpringfield, Illinois.McDonald’shasoccupied thesite foralmost forty yearsand iscommitted to theareaasevidencedby therecentexecutionof their last remainingrenewaloption.The4,134square footpropertyislocatedwithinaprimaryretailtradeareadirectlyoffInterstate55/72.Interstate55/72experiencestrafficvolumesinexcessof50,000vehiclesperday.McDonald’sisaninvestmentgraderatedcompanywithaStandard&Poor’sratingofA.
ThepropertyislocatedalongSouthDirksenParkwayjusteastofStevensonDriveandlessthanone-quartermilefromtheInterstate55exitramp.DirksenParkwayandStevensonDriveexperiencetrafficvolumesof13,900VPDand18,200VPDrespectively.ThepropertybenefitsfromthesignalizedintersectionatSouthDirksenandStevensonDrive,providingconsistenttrafficnearthesite.TheMcDonald’spropertyhasmultiplepointsofingressandegressandislocatedattheentrancetotheCapitalCityShoppingCenter.TheCapitalCityShoppingCenterisanchoredbyAMCTheater,BigLotsandAnytimeFitness.DirksenParkwayishometonumeroushotelsincludingtheCrownPlaza,HolidayinnExpress,HiltonGardenInnandComfortSuites.EmployersintheimmediateareaincludetheIllinoisDepartmentofTransportation(950employees),TheIllinoisSecretaryofStateandCityWater,Light&PowerofSpringfield(650employees).
McDonald’soriginal leasetermisfor21yearsandtheamendedleaseexpires inOctober2018.McDonald’sexercisedtheirfinalrenewaloptionin2011withnofuturerenewaloptionsremaining.Thisallowsaprospectiveinvestortoaddvaluebypotentiallyincreasingthegroundrent.McDonald’sisapubliclytradedcompanyontheNewYorkStockExchange(MCD),withamarketcapitalizationof$94billion.McDonald’sisaninvestmentgraderatedcompanywithaStandard&Poor’sratingofA.
INVESTMENT HIGHLIGHTS
•InvestmentgraderatedcompanywithanS&PratingofA
•Longstandingtenantforalmostfortyyears
•Provenlocationastenantrecentlyexecutedtheirlastrenewaloptionforfiveadditionalyears
•Potentialtoaddvaluebyincreasingthegroundrent
•DirksenParkwayexperiencestrafficvolumesofapproximately14,000VPD
•Triplenetgroundlease
•PositioneddirectlyoffInterstate55(50,000VPD)
•NearbyretailersincludeAMCTheater,BigLotsandAnytimeFitness
EXECUTIVE SUMMARY
EXECUTIVE SUMMARY
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
PROPERTY OVERVIEW
PROPERTY OVERVIEW
Price: $766,080
CapRate: 5.00%
NetOperatingIncome: $38,304
RenewalOptions: None
LeaseCommencementDate: December15,1975
LeaseExpirationDate: October31,2018
Tenant: McDonald’s
CreditRating: A(Standard&Poor’s)
YearBuilt: 1975
LeaseType: GroundLease-NNN
RentableSquareFeet: 4,134
LandSize: 37,409SF
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
AERIAL
AERIAL
N
900+ EMPLOYEES
STEVENSO
N D
RIVE
18,200 VPD
S. DIRKSEN PARKWAY13,900 VPD
50,700 VPD55
DREAMLAND PARK
650 EMPLOYEES
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
SITE PLAN
SITE PLAN
N
S. DIRKSEN PARKWAY
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
MAPS
MAPS
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
McDonald’s Corporation (NYSE: MCD) is the world’s largest chain of hamburger fast food restaurants,servingaround69millioncustomersdailythroughout118countries.McDonald’sprimarilysellshamburgers,cheeseburgers,chicken,frenchfries,breakfastitems,softdrinks,shakesanddesserts.Inresponsetochangingconsumertastes,thecompanyhasexpandeditsmenutoincludesalads,wraps,smoothiesandfruit.McDonald’srestaurantsoffercustomerscounterserviceaswellasdrive-thruservice.McDonald’sownsapproximately20%oftheirrestaurants,whiletheremainderofthestoresarerunmyfranchiseemembersorjointventure.In2012McDonald’shadtotalrevenueof$27billion.
Website: www.mcdonalds.comNumberofLocations: 34,480StockSymbol: MCD:NYSEStandard&Poor’sRating: AMarketCapitalization: $94billionEmployees: 1.8million
TENANT PROFILE
TENANT PROFILE
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
Population 3-mi 5-mi 7-mi
TotalPopulation 36,741 102,996 144,679TotalHouseholds 14,496 44,485 62,667
Income
MedianHouseholdIncome $38,612 $40,126 $45,410AverageHouseholdIncome $52,128 $54,747 $61,151
DEMOGRAPHIC COMPARISON REPORT
DEMOGRAPHIC COMPARISON REPORT
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
Springfield is thecapitalof theStateof Illinoisand thecountyseatofSangamonCounty.Atthetimeofthe2010U.S.Census,Springfieldhadatotalpopulationof116,250makingitthesixthmostpopulatedcity in Illinois.Springfield is located incentral Illinoisapproximately170milessouthwestofdowntownChicagoand85milesnortheastofdowntownSt.Louis,Missouri.Springfieldhasa richhistorydatingback toU.S.PresidentAbrahamLincoln,whostartedhis
politicalcareer inSpringfield.Thecitydrawstourist fromallovertheUnitedStatestovisit theLincolnHomeNationalHistoricSite,theLincoln-Herndonlawoffices,theLincolnTomb,theOldStateCapitol,andtheLincolnDepot.
Theeconomy inSpringfield iscenteredaroundstategovernment,headquartered inSpringfield.ThestateofIllinois is the largestemployer inSangamonCountywithover17,000employees.Additionally, transportationandutilities,andthehealthcareindustryeachprovidebetween17,000and18,000jobstothecity.MemorialMedicalCenteristhelargestprivatesectoremployerinSpringfieldwithjustunder6,000employees.
www.springfield.il.us
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