Best Price Available - LoopNet...Joseph Bochenski Chief Financial Officer [email protected]...
Transcript of Best Price Available - LoopNet...Joseph Bochenski Chief Financial Officer [email protected]...
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Thriving Store with
Drive Thru
Best
Price
Available
DeerfieldPartners
Joseph BochenskiChief Financial [email protected](708) 390-1614
• Long Term Lease with 9+ Years Remaining
• 10% Rent Escalation in 2021
• Under 5 Minutes to Crucial I-88 Highway
into Chicago & BNSF Commuter Metra
with 65,000 Daily Riders
• Over 80,000 Residents within Three Miles
with an Average House Hold Income of
$121,000
• Just 30 Miles from Chicago Central
Business District
• Amazing Traffic Volume Site Sees over 30,000
Daily
• NNN Lease with No Landlord Responsibilities
Daniel RoseDirector of Retail Development [email protected](708) 390-1634
686 East Ogden Avenue,
Naperville, IL 60563
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1 Mile 3 Mile 5 Mile
Population 12,780 82,762 205,526
Avg. HH Income $125,394 $121,395 $121,626
Price TBD
CAP Rate Best
Annual Income $117,209
Years Guaranteed 9+ years
This investment opportunity provides a discerning investor the chance to acquire a long-term, NNN Peet’s Coffee &Tea shop equipped with Drive Thru. In 2021, a base rent escalation of 10% offers a great increase on return for theInvestor. Located on arterial Ogden Avenue, within 5 minutes of the commuter train & highway, this site will certainlyprovide Peet’s Coffee & Tea the necessary sales to continue operating at this location past the original base term.
Naperville, Illinois
Investment Summary
DeerfieldPartners
Joseph BochenskiChief Financial [email protected](708) 390-1614
Daniel RoseDirector of Retail Development [email protected](708) 390-1634
Site: 30 Miles from Downtown Chicago
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Address
Building Size
Lot Size
Tenant
Credit
686 East Ogden Avenue, Naperville
2,499 SF
0.42 Acres
Peet’s Coffee & Tea (JAB Holdings)
BBB+
Naperville, Illinois
Property Details
DeerfieldPartners
Joseph BochenskiChief Financial [email protected](708) 390-1614
Daniel RoseDirector of Retail Development [email protected](708) 390-1634
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Company Overview (From Peet’s)
Peet's Coffee & Tea, Inc. is the premier specialty coffee and tea company in the United
States. The company was founded in 1966 in Berkeley, Calif. by Alfred Peet. Peet was an
early tea authority who later became widely recognized as the grandfather of specialty
coffee in the U.S. Today, Peet’s Coffee & Tea offers superior quality coffees and teas in
multiple forms, by sourcing the best quality coffee beans and tea leaves in the world,
adhering to strict high-quality and taste standards, and controlling product quality through
its unique direct store delivery selling and merchandising system. Peet’s is committed to
strategically growing its business through many channels while maintaining the
extraordinary quality of its coffees and teas.
Peet’s Coffee & Tea Went public in January 2001 (Symbol PEET) & provided solid returns
to investors for over 10 years.
JAB Completes Acquisition of Peet's Coffee & Tea, Inc.
On October 29, 2012, Peet's Coffee & Tea, Inc. and Joh. A. Benckiser ("JAB") announced
the successful completion of the acquisition of Peet's by JAB for $73.50 per share in cash,
or a total of approximately $1 billion. The transaction was approved by Peet's
shareholders at a special meeting of shareholders held on October 26, 2012. As a result
of the completion of the merger, Peet's common stock ceased trading on The NASDAQ
Stock Market before the opening of the market on October 30, 2012. In addition to JAB,
BDT Capital Partners, LLC, a Chicago-based merchant bank that provides long-term
private capital solutions to closely held companies, is a minority investor in this
transaction.
Currently, over 200 Peet’s Coffee & Tea stores are operated by JAB. JAB also owns other
successful coffee brands such as Caribou Coffee & Einstein Noah..
Naperville, Illinois
DeerfieldPartners
Joseph BochenskiChief Financial [email protected](708) 390-1614
Daniel RoseDirector of Retail Development [email protected](708) 390-1634
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Naperville, Illinois
DeerfieldPartners
Joseph BochenskiChief Financial [email protected](708) 390-1614
Daniel RoseDirector of Retail Development [email protected](708) 390-1634
mailto:[email protected]:[email protected]