Net Leased Property for Sale in the Chicago MSA

NET LEASED INVESTMENT OFFERING

www.bouldergroup.com

La Petite Academy2345 South Route 59

Plainfield, Illinois 60544 (Chicago MSA)



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



TheinformationcontainedinthefollowingOfferingMemorandumisproprietaryandstrictlyconfidential.ItisintendedtobereviewedonlybythepartyreceivingitfromTheBoulderGroupandshouldnotbemadeavailabletoanyotherpersonorentitywithoutthewrittenconsentofTheBoulderGroup.ThisOfferingMemorandumhasbeenpreparedtoprovidesummary,unverifiedinformationtoprospectivepurchasers,andtoestablishonlyapreliminarylevelofinterestinthesubjectproperty.Theinformationcontainedhereinisnotasubstituteforathoroughduediligenceinvestigation.TheBoulderGrouphasnotmadeanyinvestigation,andmakesnowarrantyorrepresentation.TheinformationcontainedinthisOfferingMemorandumhasbeenobtainedfromsourceswebelievetobereliable;however,TheBoulderGrouphasnotverified,andwillnotverify,anyoftheinformationcontainedherein,norhasTheBoulderGroupconductedanyinvestigationregardingthesemattersandmakesnowarrantyorrepresentationwhatsoeverregardingtheaccuracyorcompletenessoftheinformationprovided.Allpotentialbuyersmusttakeappropriatemeasurestoverifyalloftheinformationsetforthherein.

CONFIDENTIALITY & DISCLAIMER

CONFIDENTITALITY & DISCLAIMER



EXECUTIVE SUMMARY

EXECUTIVE SUMMARY

TheBoulderGroupispleasedtoexclusivelymarketforsaleasingletenantLaPetiteAcademypropertylocatedwithin theChicagoMSA.The9,960square footbuildingwasconstructed in1999and is located inPlainfield,Illinois,acommunitywith22%morechildrenunder theageoffive than thenationalaverage.Thecorporatelyguaranteedleasehassixyearsremainingandfeaturesa9%rentalescalationinNovember2014.Therearetwo5-yearrenewaloptionperiodswith9%rentalescalationsineach.LaPetiteAcademyisaprivatelyownedcompanywithover500locationsin34statesandtheDistrictofColumbia.LaPetiteAcademyispartoftheLearningCareGroup.Theyareoneofthelargestprovidersofearlychildcareintheworldandhaveover900locationsnationwide.

ThesubjectpropertyislocatedsouthwestofthesignalizedintersectionofStateHighway59andCatonFarmRoad.StateHighway59andCatonFarmRoadaretwoprimary thoroughfares in thePlainfieldcommunitywithtrafficcountsinexcessof24,000and26,500respectively.Interstate55,whichhastrafficvolumesinexcessof75,000vehiclesperday,islocatedapproximatelyonemileeastoftheproperty.Thepropertyislocatedapproximately40milessouthwestfromdowntownChicagoandthereareover165,000peoplelivingwithinfivemilesoftheproperty.Theareaishometomanyyoungfamiliesand7.8%ofthepopulationlivingwithinfivemilesisundertheageoffive.This issignificantlyhigherthantheUSaverageof6.4%.Additionally,16.8%ofthepopulation livingwithinthreemilesofthesubjectpropertyisundertheageofnine.Thepropertyislocatedwithinamajorretailcorridorwithmanynationalandlocaltenantsintheimmediatevicinity.ThepropertysharesaccesswithaWalgreensandAldi.OthernotableretailersintheimmediateareaincludeKohl’s,JewelOsco,McDonald’s,BMOHarrisBank,AceHardware,PNCBank,andPanera.

LaPetiteAcademy’soriginal,corporatelyguaranteed,netleaseisfortwentyyearsandexpiresinNovember2019.Thereisa9%rentalescalationinNovember2014andineachofthetwo5-yearrenewaloptionperiods.LaPetiteAcademyisaprivatelyheldcompanywithover500locationsnationwideandispartoftheLearningCareGroup.TheLearningCareGroupisthesecond-largestfor-profitchildcareproviderinNorthAmerica.

INVESTMENT HIGHLIGHTS

• LocatedwithintheChicagoMSA• 9%rentalescalationinNovember2014(8.95%caprate)andineachoftherenewaloptionperiods• Zerolandlordresponsibilities• Locatedattheintersectionoftwoprimarythoroughfareswithcombinedtrafficcountsinexcessof50,000VPD

• Locatedinanareapopulatedwith22%morechildrenundertheageoffivethanthenationalaverage

• Tenantispartofthe2ndlargestfor-profitchildcarecompanyinNorthAmerica

• LocatedwithinadenseretailcorridorwithmanynationaltenantssuchasKohl’s,JewelOsco,Walgreens,Aldi,McDonald’s,BMOHarrisBank,AceHardware,&PNCBank



PROPERTY OVERVIEW

PROPERTY OVERVIEW

Price: $2,457,000

CurrentCapRate: 8.21%

November2014CapRate: 8.95%

RentSchedule: NOI EscalationDate

$201,813$219,975 11/9/2014$239,773 11/9/2019(Option1)$261,352 11/9/2024(Option2)

RenewalOptions: Two5-Year

LeaseCommencementDate: November9,1999

LeaseExpirationDate: November8,2019

Tenant: LaPetiteAcademy(Corporate)

YearBuilt: 1999

LeaseType: NNN

BuildingSize: 9,960SF

LandSize: 44,867SF



AERIAL

AERIAL

N

CATON

FARM

RO

AD26,800 VPD

ROUTE 5923,900 VPD



SITE PLAN

SITE PLAN

N CATON FARM ROAD

RO

UTE 59

STRIPCENTER

BPGAS

DISPENSERS



MAPS

MAPS



La Petite Academy wasestablishedin1968asapioneerineducation-baseddaycare,settingthestandardforearlychildhoodeducation.Today,LaPetiteAcademyoperatesover500schoolsnationwidein34statesandtheDistrictofColumbia.Theyofferarangeofeducationalandcareprogramsforchildrenofallages—frominfantstoschool-agechildrenwhocometotheAcademybeforeandafterschool.HeadquarteredinNovi,Michigan,eachoftheirschoolsislicensedbythestatewhereitoperates.Eachadherestothehigheststandardsofsafety,security,cleanliness,teachingandlovingcare.

The Learning Care Group, Inc. isthesecond-largestfor-profitchildcareproviderinNorthAmerica.Intotal,LearningCareGroupoperatesmorethan900corporateandfranchiseschoolsacrossthecountryandworld.Theyhavethecapacitytoservemorethan100,000childrenbetweentheagesofsixweeksand13yearsold.Additionally,theyemployover17,000directorsandteachers.ChildtimeLearningCenters,TutorTimeChildCare,TheChildren’sCourtyard,MontessoriUnlimited,andLaPetiteAcademymakeuptheLearningCareGroup’sfamilyofbrands.

Website: www.lapetite.comNumberofLaPetiteAcademyLocations: 500+Headquarters: Novi,MIParentCompany: LearningCareGroup,Inc.NumberofLearningCareGroupLocations: 900+

TENANT PROFILE

TENANT PROFILE



Population 1-mi 3-mi 5-mi

TotalPopulation 9,189 74,138 165,795TotalHouseholds 2,827 23,349 55,631

Income

MedianHouseholdIncome $88,856 $81,057 $73,250AverageHouseholdIncome $95,628 $90,514 $84,586

DEMOGRAPHIC COMPARISON REPORT

DEMOGRAPHIC COMPARISON REPORT



Plainfield is the fastestgrowing village inWillCounty, Illinoiswitha2012USCensusestimatedpopulationof40,466.Basedonestimatescreatedby thevillageandstategovernments,Plainfield’spopulationisexpectedtocontinuetogrowandcouldexceed62,000by2030.Plainfieldishometomanyyoungfamiliesasevidencedbythe16.8%ofthepopulationlivingwithin3milesoftheLaPetiteAcademypropertybeingunderthe

ageof9.Interstate55travelsthroughPlainfieldaswellasUSHighway30andRoute59.

www.plainfield-il.org

ChicagoisthemostpopulouscityintheMidwesternUnitedStatesandthethirdmostpopulouscityintheUnitedStateswith2,700,000residents.ChicagoisthecountyseatofCookCounty,thesecondlargestcountyintheUnitedStates.TheChicagoMSAisthethirdmostpopulatedmetropolitanareaintheUnitedStateswith9,580,567residents.TheMSAcoversover1,300square miles and six counties. The Chicago metropolitan area is home to the corporateheadquartersof57Fortune1000companies,includingBoeing,McDonald’s,Motorola,Discover

FinancialServicesandUnitedAirlines.Chicagoisamajorhubforindustry,telecommunicationsandinfrastructureandO’HareInternationalAirportisthesecondbusiestairportintheworldintermsoftrafficmovement.

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

www.cityofchicago.org

LOCATION OVERVIEW

LOCATION OVERVIEW



666DundeeRoad,Suite1801Northbrook,IL60062

Randy [email protected]

Jimmy [email protected]

CONTACT INFORMATION

CONTACT INFORMATION

Net Leased Property for Sale in the Chicago MSA

Real Estate

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