7-Eleven Net Leased Property for sale
13
NET LEASED INVESTMENT OFFERING www.bouldergroup.com 7-Eleven 3005 North Pulaski Road Chicago, IL 60641 Representative Rendering
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net leased chicago 7-Eleven for sale
Transcript of 7-Eleven Net Leased Property for sale
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
7-Eleven3005 North Pulaski Road
Chicago, IL 60641
Representative Rendering
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
1) Confidentiality&Disclaimer
2) ExecutiveSummary
3) PropertyOverview
4) Aerials
5) SitePlan
6) Maps
7) TenantProfile
8) DemographicComparisonReport
9) LocationOverview
10) ContactInformation
TABLE OF CONTENTS
TABLE OF CONTENTS
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
TheinformationcontainedinthefollowingOfferingMemorandumisproprietaryandstrictlyconfidential.ItisintendedtobereviewedonlybythepartyreceivingitfromTheBoulderGroupandshouldnotbemadeavailabletoanyotherpersonorentitywithoutthewrittenconsentofTheBoulderGroup.ThisOfferingMemorandumhasbeenpreparedtoprovidesummary,unverifiedinformationtoprospectivepurchasers,andtoestablishonlyapreliminarylevelofinterestinthesubjectproperty.Theinformationcontainedhereinisnotasubstituteforathoroughduediligenceinvestigation.TheBoulderGrouphasnotmadeanyinvestigation,andmakesnowarrantyorrepresentation.TheinformationcontainedinthisOfferingMemorandumhasbeenobtainedfromsourceswebelievetobereliable;however,TheBoulderGrouphasnotverified,andwillnotverify,anyoftheinformationcontainedherein,norhasTheBoulderGroupconductedanyinvestigationregardingthesemattersandmakesnowarrantyorrepresentationwhatsoeverregardingtheaccuracyorcompletenessoftheinformationprovided.Allpotentialbuyersmusttakeappropriatemeasurestoverifyalloftheinformationsetforthherein.
CONFIDENTIALITY & DISCLAIMER
CONFIDENTITALITY & DISCLAIMER
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
The Boulder Group is pleased to exclusivelymarket for sale a single tenant corporately guaranteed 7-ElevenpropertylocatedinChicago,Illinois.The3,200squarefootpropertyiscurrentlyunderconstructionandrentwillcommenceOctober2013.Thepropertybenefitsfromadenseinfill location,approximatelyfivemilesnorthwestofdowntownChicago,withpopulation inexcessof530,000withinthreemiles.ThepropertyoffersrareonsiteparkingforaChicagoinfillasset.This7-Elevenfeaturesalongtermleasewitha10yearprimarytermand10%rentalescalationseveryfiveyears.7-ElevenisaninvestmentgraderatedcompanywithaStandardandPoor’sratingofAA-.
ThepropertyislocatedinadenseinfillareaofChicagoonthenortheastcornerofNorthPulaskiRoadandWellingtonAvenue. This intersection has a signalized traffic light creating constant vehicle traffic at the property. NorthPulaskiRoadhastrafficcountsinexcessof20,800vehiclesperdayandisaprimarynorth-souththoroughfareinChicago.Interstate94islocatedapproximatelyonemilewestofthepropertyandexperiencestrafficcountsinexcessof273,000vehiclesperday.NearbyretailersincludeWal-Mart,BigLots,DiscoveryandAmericanMattress.Additionally,thepropertyispositionedadjacenttoanAutoZoneanchoredshoppingcenterandonequartermilefromKindredChicagoCentralHospital(101beds)andPlanetFitness.
TheoriginaltenyearleasetermwillcommenceOctober2013.Theleasefeatures10%rentalescalationseveryfiveyearsthroughouttheprimarytermandintherenewaloptionperiods.7-Elevenistheworld’slargestretailstorechainwithmorethan50,000locationsworld-wide.7-ElevenisaninvestmentgradecompanywithaStandard&Poor’sratingofAA-.
INVESTMENT HIGHLIGHTS
•LocatedwithinadenseinfillareaofChicago
•Investmentgradetenant(S&P:AA-)
•10%rentalescalationseveryfiveyearsthroughouttheprimary termandrenewaloptionperiods
•Populationinexcessof530,000withinthreemilesoftheproperty
•Brandnewconstruction
•Positionedonahardcornerofasignalizedintersection
•LocatedonemilefromWal-Mart
•Longtermleasewith10yearsremaining
•Trafficvolumesinexcessof20,800vehiclesperdayalongPulaskiRoad
•RareonsiteparkingforaninfillChicagoasset
EXECUTIVE SUMMARY
EXECUTIVE SUMMARY
July2013
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
PROPERTY OVERVIEW
PROPERTY OVERVIEW
Price: $1,836,363
CapRate: 5.50%
RentSchedule: NOI EscalationDate
$101,000*
$111,100 11/1/2018$122,210 11/1/2023(Option1)$134,431 11/1/2028(Option2)
RenewalOptions: Two5-Year
LeaseCommencementDate: October17,2013
LeaseExpirationDate: October31,2023
Tenant: 7-Eleven
CreditRating: AA-(Standard&Poor’s)
YearBuilt: 2013
LandlordObligations: NN(Roof&Structure)
RentableSquareFeet: 3,200
LandSize: 11,389SF
*Seller will credit, at closing, the difference between the current rent of $50,500, until the rent escalates in November 2014 to $101,000.
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
AERIALS
AERIALS
NO
RTH
PULASKI ROAD
28,800 VPD
WEST WELLINGTON AVENUE
MILWAUKEE AVENUE
13,700 VPD
N
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
AERIALS
AERIALS
273,000 VPD
MILWAUKEE AVENUE
90
13,700 VPD
WEST DIVERSEY AVENUE
N
NO
RTH
PULASKI ROAD
28,800 VPD
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
SITE PLAN
SITE PLAN
PULASKI ROAD
WELLIN
GTON AVEN
UE
N
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
MAPS
MAPS
CHICAGOCHICAGO
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
7-Elevenispartofaninternationalchainofconveniencestoreswithmorethan50,000locationsworld-wide,makingittheworld’slargestoperation,franchisorandlicensorofconveniencestores.7-Elevenbrandedstores,underparentcompanySeven&IHoldingsCo.,arelocatedin16countriesand7-Eleven’sAmericandivisionisheadquarteredindowntownDallas,Texas.Seven&IHoldingsCo.,Ltd.Isadiversifiedretailgroupheadquarteredin Tokyo, Japan. 7-Eleven has recently been ranked by Forbesmagazine asNo. 2 “Top Franchisee for theMoney”for2012andNo.3“Top20FranchisestoStart”for2011.Additionally7-ElevenwasrankedNo.3onEntrepreneurmagazine’s“Franchisee500”andNo.1inStoreGrowthbyConvenienceStoreNewsfor2012.
Website: www.7-eleven.comNumberofLocationsWorldwide: 50,254NumberofUnitedStatesLocations: 8,600NumberofEmployees: 45,000Standard&Poor’sRating: AA-
TENANT PROFILE
TENANT PROFILE
July2013
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
Population 1-mi 3-mi 5-mi
TotalPopulation 66,870 535,555 1,260,369TotalHouseholds 22,111 185,574 502,204
Income
MedianHouseholdIncome $37,418 $41,309 $45,372AverageHouseholdIncome $51,427 $58,166 $67,308
DEMOGRAPHIC COMPARISON REPORT
DEMOGRAPHIC COMPARISON REPORT
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
Chicago isthemostpopulouscityintheMidwesternUnitedStatesandthethirdmostpopulouscityintheUnitedStateswith2,700,000residents.ChicagoisthecountyseatofCookCounty,thesecondlargestcountyintheUnitedStates.TheChicagoMSAisthethirdmostpopulatedmetropolitanareaintheUnitedStateswith9,580,567residents.TheMSAcoversover1,300squaremilesandsixcounties.TheChicagometropolitanareaishometothecorporateheadquartersof57Fortune1000
companies,includingBoeing,McDonald’s,Motorola,DiscoverFinancialServicesandUnitedAirlines.Chicagoisamajorhubforindustry,telecommunicationsandinfrastructureandO’HareInternationalAirportisthesecondbusiestairportintheworldintermsoftrafficmovement.
ThemetroisalsoamajorfinancialcenterinNorthAmerica,andishometothelargestfuturesexchangeintheUnitedStates,theCMEGroup.ChicagoisthirdintheworldontheGlobalFinancialCentersIndexwhichranksthecompetitivenessoffinancialcentersbasedonpeople,businessenvironment,marketaccess,infrastructureandgeneralcompetitiveness.
www.cityofchicago.org
LOCATION OVERVIEW
LOCATION OVERVIEW
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
666DundeeRoad,Suite1801Northbrook,IL60062
Randy [email protected]
Jimmy [email protected]
CONTACT INFORMATION
CONTACT INFORMATION
July2013
