Net lease-walmart-ground-lease-for-sale

NET LEASED INVESTMENT OFFERING

www.bouldergroup.com

Walmart (Ground Lease)5630 West Touhy Avenue

Niles, IL 60714 (Chicago MSA)



1) Executive Summary

2) Investment Highlights

3) Property Overview

4) Aerial

5) Site Plan

6) Maps

7) TenantProfile

8) Demographic Comparison Report

9) Location Overview

10) Contact Information

TABLE OF CONTENTS

TABLE OF CONTENTS



TheinformationcontainedinthefollowingOfferingMemorandumisproprietaryandstrictlyconfidential.Itisintendedtobe reviewed only by the party receiving it from The Boulder Group and should not be made available to any other person orentitywithoutthewrittenconsentofTheBoulderGroup.ThisOfferingMemorandumhasbeenpreparedtoprovidesummary,unverifiedinformationtoprospectivepurchasers,andtoestablishonlyapreliminarylevelofinterestinthesubjectproperty.Theinformationcontainedhereinisnotasubstituteforathoroughduediligenceinvestigation.TheBoulderGrouphasnotmadeanyinvestigation,andmakesnowarrantyorrepresentation.Theinformationcontainedin this Offering Memorandum has been obtained from sources we believe to be reliable; however, The Boulder Group hasnotverified,andwillnotverify,anyoftheinformationcontainedherein,norhasTheBoulderGroupconductedanyinvestigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy orcompletenessoftheinformationprovided.Allpotentialbuyersmusttakeappropriatemeasurestoverifyalloftheinformationsetforthherein.

CONFIDENTIALITY & DISCLAIMER

CONFIDENTITALITY & DISCLAIMER



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The Boulder Group is pleased to exclusively market for sale a rare single tenant Walmart ground lease located intheChicagoMSA.The132,695squarefootbuildingislocatedona9.82acreparcelwithinadominantretaildestination. TheWalmart anchorsPointePlaza, a330,000 square foot development located in anaffluentareanorthofChicago.Walmarthasapproximately tenyearsof lease termremainingon theirground leasethatexpiresinMarch2024.Theleasefeaturesrentalescalationsineachoftheseven10-yearrenewaloptionperiods.Walmart isapublicly tradedcompany (NYSE:WMT)withamarketcapitalization inexcessof$240billionandisaninvestmentgraderatedcompany(S&P:AA).

TheWalmart property is locatedwithin anaffluent area just north ofChicago. Averagehousehold incomeswithinaonemile radiusare inexcessof$107,000annually.Additionally, thereareapproximately700,000peoplelivingwithinfivemilesearningaveragehouseholdincomesinexcessof$80,000peryear.ThepropertyislocatedalongWestTouhyAvenue,aheavilytraffickedeast-westthoroughfarethatexperiencestrafficcountsinexcessof35,000vehiclesperday.ThepropertyislocatedlessthanonemilefromafullinterchangewithInterstate94,whichexperiencestrafficcountsinexcessof153,000vehiclesperday.Theimmediateareaisdenseprovidingforhighbarrierstoentry.

TheWalmartiswelllocatedwithinoneofthedominantretaildestinationsofChicago’snorthernsuburbs.TheWalmartanchorsPointePlaza,a330,000squarefootdevelopmentthatalsofeaturesRossDressForLess,Walgreens,FreshFarms InternationalMarket,DressBarnandBabiesR’Us.Directlyacross thestreet fromPointePlazaisVillageCrossing,a450,000squarefootdevelopmentthatfeaturesDick’sSportingGoods,AMCTheaters,BestBuy,Michael’s,BedBath&Beyondandmanyothernationalretailers.Jewel-OscoisalsolocatedacrossthestreetfromtheWalmart.OthernotableretailersintheimmediatevicinityalongWestTouhyAvenueincludeTargetandCostco.Thisisa24hourlocationandWalmarthasalongstandingoperatinghistorysince2000.TheclosestWalmartpropertyislocated5.8milesaway.Withconvenientinterstateaccessandalargevarietyofstrongretailers,thiscorridorhastheuniqueadvantageofdrawingconsumersfromboththecityandsuburbs.

Walmart has approximately 10 years remaining on their original twenty-fiveyeargroundleasethatexpiresinMarch2024.Theleasefeaturesseven10-yearrenewaloptionswitha10%rentalescalationinthefirstoptionand5%rentalescalationsineachremaining renewal option period. Walmart is an investmentgrade rated company (S&P:AA) and is publicly traded (NYSE:WMT)with amarket capitalization in excess of $240million.Walmart is the largest company in the world by both number of employeesandrevenue.

EXECUTIVE SUMMARY

EXECUTIVE SUMMARY



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•LocatedwithintheChicagoMSAjustnorthofthecitylimits

•ExtremelyrareopportunitytoacquireasingletenantWalmartpropertylocatedinatopMSA

•24hourlocationwithalongoperatinghistoryatthislocation(since2000)

•Walmartisinvestmentgrade(S&P:AA)andisthelargestcompanyintheworld

•Longtermgroundleasewithapproximately10yearsremaining

•10%rentalescalationinthefirstrenewaloptionand5%intheremainingoptions

•Nolandlordresponsibilities

•LocatedwithinadominantretaildestinationthatfeaturesCostco,Target,AMCTheaters,Jewel-Osco, and many others

•WestTouhyAvenueisaprimaryeast-westthoroughfarewithtrafficcountsinexcessof35,000vehicles per day

•LocatedlessthanonemilefromaccesstoInterstate94whichexperiencestrafficcountsinexcessof 153,000 vehicles per day

•Affluentareawithhouseholdincomesinexcessof$107,000annuallywithinaonemileradius

•Opportunitytoown9.8acresinadenseinfillareaofChicagoland

INVESTMENT HIGHLIGHTS

INVESTMENT HIGHLIGHTS



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PROPERTY OVERVIEW

PROPERTY OVERVIEW

Price: $9,966,063

CapRate: 4.75%

Tenant: Walmart

CreditRating: AA(S&P)

RentSchedule: NOI Escalation Date

$473,388$520,726 3/1/24(Option1)$546,763 3/1/34(Option2)$574,101 3/1/44(Option3)$602,806 3/1/54(Option4)$632,946 3/1/64(Option5)$664,594 3/1/74(Option6)$697,823 3/1/84(Option7)

RenewalOptions: Seven10-Year

RentCommencementDate: March 1, 1999

RentExpirationDate: February29,2024

YearBuilt: 2000

LeaseType: Ground Lease

SquareFeet: 132,695SF

LandSize: 9.82acres



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AERIAL

AERIAL

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153,000 VPD

35,000 VPDW. TOUHY AVENUE

94



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SITE PLAN

SITE PLANTO

UHY

AVEN

UE

CENTRAL AVENUE

SUBJECT OFFERING

JARV

IS S

TREE

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MAPS

MAPS



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Wal-Mart Stores, Inc., branded as Walmart, is an American multinational retail corporation that runs chains oflargediscountdepartmentstoresandwarehousestores.AccordingtotheFortuneGlobal500listin2014,Walmart is the biggest private employer in the world with over two million employees, and the largest retailer in theworld.Walmartremainsafamily-ownedbusiness,asthecompanyiscontrolledbytheWaltonfamily,whoownover50percentofWalmartthroughtheirholdingcompany,WaltonEnterprises.Itisalsooneoftheworld’smostvaluablecompanies.Additionally,WalmartisthelargestgroceryretailerintheUnitedStates.WalmartisheadquarteredinBentonville,Arkanasas.

Website: www.walmart.comCreditRating: S&P:AAStockSymbol: NYSE:WMTNumberofLocations: 11,003MarketCapitalization: $243billionHeadquarters: Bentonville,AR

TENANT PROFILE

TENANT PROFILE



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Population 1-mi 3-mi 5-mi

Total Population 12,461 181,228 689,160Total Households 4,529 69,428 257,382

Income

Median Household Income $84,354 $64,565 $57,499Average Household Income $107,017 $85,561 $80,075

DEMOGRAPHIC COMPARISON REPORT

DEMOGRAPHIC COMPARISON REPORT



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Niles isavillageinCookCounty,Illinoiswithapopulationof29,803people.NilesisadjacenttoChicago to the south, Skokie to the east, Morton Grove to the northeast, Glenview to the north, andParkRidge&unincorporatedCookCountytothewest.ThetowniscenteredalongMilwaukeeAvenuewhichformsamainarterydiagonallythroughthetownonanorthwest-southeastbearing.Grainger(NYSE:GWW),whohastheircorporateheadquartersinnearbyLakeForest,isthelargestemployerwithover850employeesworkinginNiles.

Chicago isthemostpopulouscityintheMidwesternUnitedStatesandthethirdmostpopulouscityintheUnitedStateswith2,700,000residents.ChicagoisthecountyseatofCookCounty,thesecondlargestcounty in theUnitedStates.TheChicagoMSA is thethirdmostpopulatedmetropolitanareaintheUnitedStateswith9,580,567residents.TheMSAcoversover1,300squaremilesandsixcounties.TheChicagometropolitanareaishometothecorporateheadquartersof57Fortune1000companies,includingBoeing,McDonald’s,Motorola,DiscoverFinancialServicesandUnited

Airlines.Chicagoisamajorhubforindustry,telecommunicationsandinfrastructureandO’HareInternationalAirportisthesecondbusiestairportintheworldintermsoftrafficmovement.

ThemetroisalsoamajorfinancialcenterinNorthAmerica,andishometothelargestfuturesexchangeintheUnitedStates,theCMEGroup.ChicagoisthirdintheworldontheGlobalFinancialCentersIndexwhichranksthecompetitivenessoffinancialcentersbasedonpeople,businessenvironment,marketaccess,infrastructureandgeneralcompetitiveness.ThecityhasalsobeenratedashavingthemostbalancedeconomyintheUnitedStates,duetoitshighlevelofdiversity.

www.cityofchicago.org

LOCATION OVERVIEW

LOCATION OVERVIEW



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CONTACT INFORMATION

CONTACT INFORMATION

666 Dundee Road, Suite 1801Northbrook,IL60062

Randy [email protected]

Jimmy [email protected]

Net lease-walmart-ground-lease-for-sale

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