Net Lease Property For Sale | The Boulder Group
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NET LEASED INVESTMENT OFFERING www.bouldergroup.com TitleMax 14450 South LaGrange Road Orland Park, IL (Chicago MSA)
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The Boulder Group is pleased to exclusively market for sale a single tenant absolute net leased TitleMax property
Transcript of Net Lease Property For Sale | The Boulder Group
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
TitleMax14450 South LaGrange RoadOrland Park, IL (Chicago MSA)
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
1) Confidentiality&Disclaimer
2) ExecutiveSummary
3) PropertyOverview
4) Aerials
5) SitePlan
6) Map
7) TenantProfile
8) DemographicComparisonReport
9) LocationOverview
10) ContactInformation
TABLE OF CONTENTS
TABLE OF CONTENTS
NET LEASED INVESTMENT OFFERING
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TheinformationcontainedinthefollowingOfferingMemorandumisproprietaryandstrictlyconfidential.ItisintendedtobereviewedonlybythepartyreceivingitfromTheBoulderGroupandshouldnotbemadeavailabletoanyotherpersonorentitywithoutthewrittenconsentofTheBoulderGroup.ThisOfferingMemorandumhasbeenpreparedtoprovidesummary,unverifiedinformationtoprospectivepurchasers,andtoestablishonlyapreliminarylevelofinterestinthesubjectproperty.Theinformationcontainedhereinisnotasubstituteforathoroughduediligenceinvestigation.TheBoulderGrouphasnotmadeanyinvestigation,andmakesnowarrantyorrepresentation.TheinformationcontainedinthisOfferingMemorandumhasbeenobtainedfromsourceswebelievetobereliable;however,TheBoulderGrouphasnotverified,andwillnotverify,anyoftheinformationcontainedherein,norhasTheBoulderGroupconductedanyinvestigationregardingthesemattersandmakesnowarrantyorrepresentationwhatsoeverregardingtheaccuracyorcompletenessoftheinformationprovided.Allpotentialbuyersmusttakeappropriatemeasurestoverifyalloftheinformationsetforthherein.
CONFIDENTIALITY & DISCLAIMER
CONFIDENTITALITY & DISCLAIMER
NET LEASED INVESTMENT OFFERING
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TheBoulderGroupispleasedtoexclusivelymarketforsaleasingletenantabsolutenetleasedTitleMaxpropertylocatedwithin theChicagoMSA. The TitleMaxproperty is strategically located in a dominant retail tradeareaalong themainnorth-souththoroughfare.ThepropertyislocatedintheimmediatevicinitytoOrlandParkMall,a1.2millionsquarefootpremiumregionalmall.ThereareoversevenyearsremainingontherecentlysignedTitleMaxleasethatexpiresApril30,2022andfeatures2.5%annualrentalescalations.TitleMaxisaprivatelyheldcompanywithover1,200locations.
The TitleMaxproperty is locatedat the signalized intersection of South LaGrangeRoadandWest144thPlace. SouthLaGrangeRoad is themainnorth-south thoroughfare in theareaandexperiences trafficvolumes inexcessof36,000vehiclesperday.Thesurroundingareaisbothdenselypopulatedandaffluentwithapproximately165,000peoplelivingwithinafivemileradiusearningaveragehouseholdincomesinexcessof$99,000.TheTitleMaxislocatedlessthanone-halfmilefromtheOrlandPark143rdStreetMetraStation,wherea295-unitapartmentdevelopmentwasrecentlycompleted.MetraisthecommuterraildivisionoftheRegionalTransportationAuthorityoftheChicagoMSAandservesover80millionpassengersannually.Thepropertyisstrategicallylocatedwithinaregionallydominantretailcorridor.OrlandSquareMall,a1.2millionsquarefootregionalmallthatisanchoredbyApple,Macy’s,JCPenney,Sears,andCarsonPirieScott,islocatedintheimmediateproximitytotheproperty.AnewMariano’sgrocerystoreand231-unitapartmentdevelopmentisexpectedtoopenin2015thatislocatedtwoblocksnorthoftheproperty.AdditionalretailerslocatedwithintheimmediatevicinityincludeWalmartSupercenter,Costco,Target,Lowe’s,WholeFoods,Kohl’s,andJewel-Osco.
TitleMaxhasoversevenyearsremainingontheirleasethatfeatures2.5%annualrentalescalations.Therearenolandlordresponsibilities.TitleMaxisaprivatelyheldcompanywithover1,200locationsandhasaStandard&Poor’sratingofB.
INVESTMENT HIGHLIGHTS
•LocatedwithintheChicagoMSA•2.5%annualrentalescalations•Absolutetriplenetleasewithzerolandlordresponsibilities•Locatedatthehardcornerofasignalizedintersection•SouthLaGrangeRoadistheprimarythoroughfareinthe areaandexperiencestrafficcountsinexcessof36,000 vehiclesperday•Locatedlessthanone-halfmilefromtheOrlandPark 143rdStreetMetraStation•LocatedintheimmediatevicinitytoOrlandSquareMall, a1.2millionsquarefootregionalmallthatisanchoredby Apple,Macy’s,JCPenney,Sears&CarsonPirieScott•LocatedintheregionaltradeareathatfeaturesWalmart Supercenter,Costco,Target,Lowe’s,WholeFoods,Jewel-Osco,andasoontobeconstructedMariano’sgrocerystore•Approximately165,000peoplelivingwithinafivemileradiusearningaveragehouseholdincomesinexcessof$99,000
EXECUTIVE SUMMARY
EXECUTIVE SUMMARY
NET LEASED INVESTMENT OFFERING
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PROPERTY OVERVIEW
PROPERTY OVERVIEW
Price: $1,105,584
CapRate: 6.50%
NetOperatingIncome: $71,863
RentalEscalations: 2.5%Annually
LeaseCommencementDate: May1,2012
LeaseExpirationDate: April30,2022
Tenant: TitleMax
LeaseType: NNN
BuildingSize: 2,300SF
LandSize: 16,750SF
NET LEASED INVESTMENT OFFERING
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AERIAL
AERIAL
W. 144TH PLACE
36,000 VPDS. LAGRANGE ROAD
COMING SOON
N
NET LEASED INVESTMENT OFFERING
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SITE PLAN
SITE PLAN
N
S LA GRAN
GE ROAD
W 144TH PLACE
NET LEASED INVESTMENT OFFERING
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MAP
MAP
NET LEASED INVESTMENT OFFERING
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TitleMax, Inc.isaprivatelyownedtitlelendingbusinessbasedinSavannah,Georgia.Thecompanyhasmorethan1200storesintwelvestates.TitleMaxservesindividualswhogenerallyhavelimitedaccesstoconsumercreditfrombanks,thriftinstitutions,creditcardlenderandothertraditionalsourcesofconsumercredit.TitleMaxoffersatitleloanproductwhichallowscustomerstomeettheirliquidityneedsbyborrowingagainstthevalueoftheirvehicleswhileretaininguseoftheirvehicleduringthetermoftheloan.TitleMaxisasubsidiaryofTMXFinance,whichalsooperatesTitleBucks,EquityAutoLoan,andInstaLoan.TitleMaxhasaStandardandPoor’sratingofB.
Website: www.titlemax.comNumberofLocations: 1,200+CreditRating: S&P:BHeadquarters: Savannah,GAYearFounded: 1999
TENANT PROFILE
TENANT PROFILE
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Population 1-mi 3-mi 5-mi
TotalPopulation 8,435 62,676 164,452TotalHouseholds 3,214 23,719 61,484
Income
MedianHouseholdIncome $73,577 $78,425 $79,664AverageHouseholdIncome $95,052 $98,810 $99,161
DEMOGRAPHIC COMPARISON REPORT
DEMOGRAPHIC COMPARISON REPORT
NET LEASED INVESTMENT OFFERING
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Orland Park is a village in CookCounty, Illinois locatedwithin theChicagoMSA. Situated25milessouthwestofChicago,OrlandParkprovidesaccesstoseveralinterstatehighways,withtheI-80east-westcoastconnectorasitssouthernborder.Metra’scommuterrailsystemlinksresidentstoChicago’sLoop,andtherebytoO’HareandMidwayairports.Atthe2010census,thepopulationwas56,767.
www.orland-park.il.us
Chicago is themostpopulouscity in theMidwesternUnitedStatesand the thirdmostpopulouscityintheUnitedStateswith2,700,000residents.ChicagoisthecountyseatofCookCounty,thesecondlargestcountyintheUnitedStates.TheChicagoMSAisthethirdmostpopulatedmetropolitanareaintheUnitedStateswith9,580,567residents.TheMSAcoversover1,300squaremilesandsixcounties.TheChicagometropolitanareaishometothecorporateheadquartersof57Fortune1000companies,includingBoeing,McDonald’s,Motorola,DiscoverFinancialServicesandUnitedAirlines.Chicagoisamajorhubforindustry,telecommunicationsandinfrastructureandO’HareInternationalAirport isthe
secondbusiestairportintheworldintermsoftrafficmovement.
ThemetroisalsoamajorfinancialcenterinNorthAmerica,andishometothelargestfuturesexchangeintheUnitedStates,theCMEGroup.ChicagoisthirdintheworldontheGlobalFinancialCentersIndexwhichranksthecompetitivenessoffinancialcentersbasedonpeople,businessenvironment,marketaccess,infrastructureandgeneralcompetitiveness.
www.cityofchicago.org
LOCATION OVERVIEW
LOCATION OVERVIEW
NET LEASED INVESTMENT OFFERING
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CONTACT INFORMATION
CONTACT INFORMATION
666DundeeRoad,Suite1801Northbrook,IL60062
Randy [email protected]
Jimmy [email protected]
