Net Lease Property For Sale | The Boulder Group

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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

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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

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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

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AERIAL

AERIAL

W. 144TH PLACE

36,000 VPDS. LAGRANGE ROAD

COMING SOON

N

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SITE PLAN

SITE PLAN

N

S LA GRAN

GE ROAD

W 144TH PLACE

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MAP

MAP

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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

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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

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CONTACT INFORMATION

CONTACT INFORMATION

666DundeeRoad,Suite1801Northbrook,IL60062

Randy BlanksteinPresident847.562.0003rblank@bouldergroup.com

Jimmy GoodmanPartner847.562.8500jimmy@bouldergroup.com