Single Tenant Net leased Property

8/8/2019 Single Tenant Net leased Property

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NET LEASED INVESTMENT OFFERING

www.bouldergroup.com

TABLE OF CONTE

TABLE OF CONTENTS

1)

2)

3)

4)

5)

6)

7)

8)

9)

Confidentiality & Disclaimer

Executive Summary

Property Overview

Aerial

Maps

Tenant Profile

Demographic Comparison Report

Location Overview

Contact Information


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CONFIDENTIALITY & DISCLAIM

CONFIDENTIALITY & DISCLAIMER

The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to

reviewed only by the party receiving it from The Boulder Group and should not be made available to any other person or ent

without the written consent of The Boulder Group. This Marketing Brochure has been prepared to provide summa

unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject prope

The information contained herein is not a substitute for a thorough due diligence investigation. The Boulder Group has

made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subj

property, the future projected financial performance of the property, the size and square footage of the property a

improvements, the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State a

Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects

any tenant, or any tenants plans or intentions to continue its occupancy of the subject property. The information contained

this Marketing Brochure has been obtained from sources we believe to be reliable; however, The Boulder Group has n

verified, and will not verify, any of the information contained herein, nor has The Boulder Group conducted any investigat

regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of t

information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.


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EXECUTIVE SUMMA

EXECUTIVE SUMMARY

Property is located within the Chicago MSA within 30miles of downtown ChicagoPrime location in the regional trade areaRental escalation in 2013 provides attractive returnsInvestment grade tenantBrand new buildingVerizon is the nations largest mobile providerSales expected to increase with iPhone availability onVerizon in 2011

The Boulder Group is pleased to exclusively market for sale a newly constructed net leased Verizon retail store located 30 mfrom downtown Chicago. The property was built in 2009 and is an outparcel to a Wal-Mart Supercenter, Lowes and SeThese regional attractions allow Verizon to benefit from an abundance of traffic to this prime retail location. Verizoconveniently located on US Highway 6, one of the most heavily trafficked roadways of Portage.

Portage, a bedroom community of Chicago, is among the five Northwest Indiana counties considered part of the Chicmetropolitan area. Portage is centrally located near three major interstates including I-90/94, I-80, and I-65. Both I-80 a90/94 lead directly to the City of Chicago and its neighboring suburbs while I-65 connects south to Indianapolis.

Verizon is located on US Highway 6 which serves as the primary east-west roadway connecting the regional trade area. regional trade areas prime retail anchors are a Wal-Mart Super Center, Lowes, Menards, K-Mart Super Center, Kohls, Seand a 16 screen movie theater featuring an IMAX screen. These regional retailers are surrounded by outparcels amiscellaneous commercial users along US Highway 6. Verizon has a strategic location in between the Wal-Mart Superceand Lowes. Furthermore, directly across the street is Portage High School (2,632 students and over 130 staff members) wprovides an increased traffic volume passing the property daily.

Verizon Wireless is an investment grade tenant rated A by Standard and Poors. The property was a built-to-suit for Verizo2009. The subject property has over five years of lease term remaining with a significant rental escalation in 2013.

Investment Highlights


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PROPERTY OVERV

PROPERTY OVERVIEW

Price:

Cap Rate:

Net Operating Income:

Rental Escalations:

Lease Commencement Date:Lease Expiration Date:

Renewal Options:

Renewal Rent:

Tenant:

Year Built

Lease Type:

Rentable Square Feet:

Land Size:

$1,800,000

8.26%

$148,625

$159,900 March 12, 2013

March 12, 2009

March 11, 2016

Two 5-Year

$176,300 March 12, 2016

$192,700 March 12, 2021

Verizon Wireless

2009

NN

4,100

41,382 SF


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AER

AERIAL

TheArbors

6

Portage High School2,632 Students

SITE


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MA

MAPS

SITE

SITE


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TENANT PROF

TENANT PROFILE

Website:Number of Locations:Stock Symbol:Standard & Poors Rating:Market Capitalization:

www.verizon.com2,000VZ : NYSEA$90.51 Billion

had the second largest revenue of all United States wireless companies reporting $101.332 billion in 2008.

On January 9, 2009, Verizon Wireless acquired Alltel Wireless in a deal valued at $28.1 billion. The acquisitionexpanded Verizon's wireless network to establish Verizon as the largest United States wireless carrier, basedon number of subscribers.

Verizon Communications Inc. (Verizon) is a provider of communications services. Verizon operates in twosegments: Domestic Wireless and Wireline. Its Domestic Wirelesss products and services include wirelessvoice and data services and equipment sales across the United States. Wirelines communications productsand services include voice, Internet access, broadband video and data, next generation Internet protocol (IP)network services, network access, long distance and other services. It provides these products and services toconsumers in the United States, as well as to carriers, businesses and government customers both in theUnited States and in 150 other countries worldwide. On January 9, 2009, the Company acquired AlltelCorporation (Alltel). In July 2010, Frontier Communications Corp acquired New Communications Holdings Inc.,Verizon Communications Inc.'s local wireline operations in 14 states.

Cellco Partnership, doing business as Verizon Wireless, is awireless phone provider that owns and operates the largest mobiletelecommunications network in the United States, based on a totalof 93.2 million U.S. subscribers. Headquartered in Basking Ridge,New Jersey, the company is a joint venture of U.S.telecommunications firm Verizon Communications and British-based multinational mobile network operator Vodafone Group,with 55 and 45 percent ownership respectively. Verizon Wireless


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DEMOGRAPHIC COMPARISON REP

DEMOGRAPHIC COMPARISON REPORT

Population

2009 Total Population

2009 Total Households

2009 Daytime Population

% Population Change 1990-2009

% Population Change 2000-2009

Income

2009 Median Household Income

2009 Average Household Income

3-mile

45,921

17,466

37,739

13.85%

6.25%

$49,917

$61,084

5-mile

85,279

33,563

70,512

13.80%

6.46%

$49,162

$61,723

10-mile

261,443

99,543

211,473

14.32%

7.02%

$51,213

$62,189


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LOCATION OVERV

LOCATION OVERVIEW

The northern portion of Northwest Indiana is noted for its heavy industry. Gary, Portage, Burns Harbor and Ea

Chicago are home to major steel mills, including the largest North American facilities for both U.S. Steel and Arce

Mittal. Whiting and Hammond are home to the largest oil refinery in the Midwestern U.S., operated by BP. Oth

industrial outputs include fabricated metals, transportation equipment, and food products. Major attractions

the Northwest Indian communities are the shores of Lake Michigan and the Indiana Dunes.

Portage is the largest city within Porter County, and third largest

Northwest Indiana. Northwest Indiana, also known as the South Shore a

The Calumet Region comprises Lake, Porter, LaPorte, Newton, and Jasp

counties in Indiana. This region neighbors Lake Michigan, and is part of t

Chicago metropolitan area. The region's largest city is Gary; oth

municipalities in Northwest Indiana include Chesterton, Crown Point, Dy

East Chicago, Hammond, Highland, Hobart, Merrillville, Michigan Ci

Munster, Portage, Schererville, and Valparaiso.


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CONTACT INFORMAT

CONTACT INFORMATION

Randy Blankstein

President

847.562.0003

[email protected]

Jimmy Goodman

Partner

847.562.8500

[email protected]

666 Dundee Road Suite 1801

Northbrook, IL 60062

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