Single Tenant OfficeMax For Sale

NET LEASED INVESTMENT OFFERING

www.bouldergroup.com

OfficeMax (NYSE: ODP)200 Riverside Drive

East Peoria, IL 61611



1) Confidentiality&Disclaimer

2) ExecutiveSummary

3) PropertyOverview

4) Aerials

5) Maps

6) TenantProfile

7) DemographicComparisonReport

8) LocationOverview

9) ContactInformation

TABLE OF CONTENTS

TABLE OF CONTENTS



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

CONFIDENTIALITY & DISCLAIMER

CONFIDENTITALITY & DISCLAIMER



TheBoulderGroupispleasedtoexclusivelymarketforsaleasingletenantOfficeMaxpropertylocatedinEastPeoria,Illinois.OfficeMaxiscommittedtothissiteasevidencedbytheirextensionoftheirfirstfiveyearrenewaloptionperiod.The1.89acreparcelislocatedwithinthePeoriaregion’sdominantretailcorridorthatfeaturesregionaldrawssuchasBassProShops,WalmartSupercenter,andLowe’s.OfficeMaxrecentlymergedwithOfficeDepottocreateadominantretailerandthelargestU.S.office-supplieschain.OfficeMaxispubliclytradedontheNewYorkStockExchange(ODP)withamarketcapitalizationinexcessof$2.5billion.

TheOfficeMaxproperty isstrategically locatedalong Interstate74,whichexperiencestrafficcounts inexcessof60,000vehiclesperday.Thereareover125,000peoplelivingwithinfivemilesofthesubjectproperty.TheOfficeMaxiscentrallylocatedwithinPeoria’sdominantretailcorridorthatisanchoredbyBassProShops,WalmartSupercenter,Lowe’s,Costco,Target,Kohl’sandGordmans.ThepropertyislocatedinaWalmartSupercenterandLowe’sanchoreddevelopment.Otherretailers located in thearea includeEmbassySuitesHotelandConferenceCenter,PetSmart,RossDressForLess,Aldi,McDonald’s,Panera,andBuffaloWildWings.

TherecentlyextendedOfficeMaxleasehasapproximately5yearsremainingandexpiresinOctober2018.Therearethree5-yearrenewaloptionsremainingwithrentalescalationsineach.OfficeMaxisapubliclytradedcompanyontheNewYorkStockExchange(ODP)withamarketcapitalizationinexcessof$2.5billion.

INVESTMENT HIGHLIGHTS

•Locatedwithintheregion’sdominantretailcorridorthatfeaturesregionaldrawssuchasBassProShops,Walmart Supercenter,Costco,Lowe’s,Target,&Kohl’s

•ProvenlocationforOfficeMaxasevidencedbytheirextensionoftheirfirstrenewaloption

•OfficeMaxisapubliclytradedcompanyontheNewYorkStock Exchange(ODP)withamarketcapitalizationinexcessof$2.5billion

•LocatedalongInterstate74(60,000VPD)

•Therearethree5-yearrenewaloptionswithrentalescalationsin excessof6%ineach

•Over125,000peoplelivingwithinfivemiles

•OtherretailerslocatedintheimmediatevicinityincludeEmbassy SuitesHotelandConferenceCenter,PetSmart,RossDressForLess, Aldi,McDonald’s,Panera,andBuffaloWildWings

EXECUTIVE SUMMARY

EXECUTIVE SUMMARY



Price: $3,041,176

CurrentCapRate: 8.50%

RentSchedule: NOI EscalationDate

$258,500$276,125 11/1/2018(Option2)$293,750 11/1/2023(Option3)$311,375 11/1/2028(Option4)

RenewalOptions: Three5-Year

LeaseCommencementDate: November1,1998(Estimated)

LeaseExpirationDate: October31,2018

Tenant: OfficeMax

YearBuilt: 1998

LeaseType: NN

BuildingSize: 23,500SF

LandSize: 1.86acres

PROPERTY OVERVIEW

PROPERTY OVERVIEW



AERIALS

AERIALS

N



AERIALS

AERIALSN

74

60,000 VPD



MAPS

MAPS



OfficeMaxisanAmericanofficesuppliesretailerthatwasfoundedinCleveland,Ohioin1988.Thecompanyprovides office supplies and paper, print and document services, technology products and solutions, andfurnituretobusinessesandconsumers.Thereareapproximately29,000OfficeMaxemployeesandover900OfficeMaxlocationsintheU.S.andinMexico.

OnNovember5,2013,OfficeMaxandOfficeDepotcompletedamergerinanall-stocktransaction,creatingthelargestU.S.officesupplychain.Bycombiningthetwocompanies,a$17billioncompanywascreatedthatisstrongerandamoreefficientglobalproviderofofficeproducts,services,andsolutions.Therearenow66,000associatesworldwideand2,200retailstoresservingconsumersandbusinessesin59countries.

Website: www.officemax.comParentCompanyWebsite: www.officedepot.comStockSymbol: NYSE:ODPMarketCapitalization: $2.5billionEmployees: 66,000Locations: 2,200RetailStores

TENANT PROFILE

TENANT PROFILE



Population 3-mi 5-mi 7-mi

TotalPopulation 61,562 125,081 175,922TotalHouseholds 23,512 51,470 72,706

Income

MedianHouseholdIncome $32,423 $39,327 $43,749AverageHouseholdIncome $44,647 $52,340 $59,605

DEMOGRAPHIC COMPARISON REPORT

DEMOGRAPHIC COMPARISON REPORT



Peoria isthelargestcityontheIllinoisRiverandthecountyseatofPeoriaCounty,Illinois.Asofthe2010census,thecitywastheseventh-mostpopulatedinIllinois,withapopulationof115,007. ThePeoriaMSAhadapopulationof373,590 in2011,makingitthethirdlargestmetropolitanareainthestateaftertheChicagometropolitanareaandtheMetro-EastportionoftheSt.Louismetropolitanarea.

PeoriaistheworldheadquartersforCaterpillarInc.,oneofthe30companiescomposingtheDowJonesIndustrialAverage.Caterpillaremploysover125,000peopleworld-wide,ofwhich15,000+arelocatedinPeoria.OthersignificantemployersintheareaincludetheMethodistMedicalCenter,OSFSaintFrancisMedicalCenter,andthePeoriaSchoolDistrict.PeoriaisalsohometoBradleyUniversity(6,000students)andIllinoisCentralCollege(12,000students). TheEmbassySuitesandRiverfrontConferenceCenter,which is locatedacross from thesubjectproperty,caterstotheCaterpillarWorldHeadquarters,BradleyUniversity,andPeoriaCivicCenter.TheEmbassySuitesandRiverfrontConferenceCenter is idealforEastPeoriameetingsandeventsandboastsa50,000squarefootconferencecenter.

www.peoriagov.org

LOCATION OVERVIEW

LOCATION OVERVIEW



CONTACT INFORMATION

CONTACT INFORMATION

666DundeeRoad,Suite1801Northbrook,IL60062

Randy [email protected]

Jimmy [email protected]

5001N.UniversityStreetPeoria,IL61614

Tom [email protected]

Single Tenant OfficeMax For Sale

Real Estate

Transcript of Single Tenant OfficeMax For Sale