TransiT OrienTed single TenanT329 East 47th Street, Chicago, Illinois 60653

downtown Chicago

lake Michigan

Red/Green Line47th Street Station 1,280,358 Annual

Ridership

E 47th St14,500 VPD

Subject Property

Ten-X

Ten-X is the nation’s leading online real estate transaction marketplace. Leveraging desktop and mobile technology, Ten-X allows people to safely and easily complete real estate transactions online. The company brings quality assets to the market and attracts prospective buyers from around the world. By virtue of its best-in-class marketing and scalable technology platform, buyers and sellers are able to conduct transactions in a transparent, efficient manner.

Ten-X empowers consumers, investors and real estate professionals with unprecedented levels of flexibility, control and simplicity and the convenience of transacting properties whenever and wherever they want. As real estate continues to move online, Ten-X is uniquely positioned at the forefront of this dramatic industry evolution.

Two Distinct Lines of BusinessTen-X Commercial – Empowering brokers and investors to buy and sell commercial real estate online, blending data-driven tech with industry expertise to help you Make Your Market!

Auction.com – The nation’s leading online real estate transaction marketplace exclusively focused on the sale of bank-owned and foreclosure properties to investors via online auctions, as well as live trustee sale events.

Quick Facts:1. Online platform launched in 20092. First mobile app launched in 2014 3. 323,000 plus residential and commercial properties sold, totaling more

than $53 billion4. Buyers from across the globe5. Largest property transaction to date: Over $96 million

Transit Oriented single Tenant329 e. 47th street, Chicago, illinois 60653

Auction Date August 10-12, 2020

Auction Property Website Click Here

Price The property is being offered via Ten-X.com subject to a to-be-determined minimum bid.

Register

Register with Ten-X.com prior to the auction. As part of the registration process, bidders will be required to place a deposit and provide proof of funds. A Ten-X representative is available to assist with the registration process.

Due Diligence

The property is being sold on an as-is basis. Bidders must complete their due diligence review prior to the auction. Due diligence materials are available on the property website.

Property Tours Property tours may be arranged if needed.

Financing All offers must be cash offers. There will be no financing contingency.

Purchase and Sale Agreement

Bidders are encouraged to review the purchase and sale agreement on the website prior to the auction. This document must be executed by the winning bidder and no changes to this document will be permitted.

Closing Please refer to the purchase and sale agreement for the specific closing schedule.

inVesTMenT HigHligHTs

� stable, single Tenant• JJ Beauty Supply has Operated at this Location for the Last 11 Years• Tenant is Paying a Modest Rental Rate with Personal Guarantee

� new lease• Five-Year Lease Through September 30, 2025• 1.5 Percent Rental Increases Every Two Years

� Transit-Oriented• Strategic Location | 100 Feet from CTA Red and Green Line Station

� situated at the Hard-Corner intersection of 47th street and Calumet avenue• 140 Feet of Frontage• Over 15,000 Vehicles Passing per Day

� Positioned Three Blocks From interstate 90/94 (dan ryan expressway) | 316,300 Vehicles Passing per day

� Strong Infill Location• 250,000+ People Living Within One Mile of Subject Property• Extremely High Daytime and Nighttime Foot Traffic | 86 Walk Score, a “Very Walkable”

(Walkscore.com)

� notable Major retailers in the area include Walmart neighborhood Market, dollar Tree, O’reilly auto Parts and Many More

long OperatingHistory

5-Yearlease

5yr

100 Feet to CTa station

ample Foot Traffic

Subject Property

E 47th St14,500 VPD

MlK & 47th stintersection24,990 Total VPd

lake Michigan

Harold Washington Cultural Center

Full interchange47th street and lake shore drive

E 47th St14,500 VPD

Lake Shore Dr90,700 VPD

lake Michigan

Washington Park

Jackson Park University of ChicagoHospital | 811 Beds

Red/Green Line - 47th Stop1,283,418 Annual Total Entries

Subject Property

4.5 Miles North to Downtown Chicago

Obama Presidential Center

Transit Oriented single Tenant329 east 47th street, Chicago, illinois 60653

FinanCial sUMMarY

Price request for Offers

Cap rate determined by Market

nOi (starting 10/1/2020) $33,253

Current rent $48,000 ($15.48 PsF)

Gross Leasable Area 3,100 SF

Year Built 1987

Lot Size 0.08 Acres +/-

Parcel Number 20-10-104-037-0000

Type of Ownership Fee Simple

lease sUMMarYLease Type Modified Gross

Lease Guarantor Personal

Roof & Structure Landlord

Lease Term Remaining 5 Years

Rent Commencement 5/1/2020

Lease Expiration 9/30/2025

Options None

Option to Terminate None

Option to Purchase None

CasH FlOW - Year sTarTing 10/1/2020Current Per SF

Current Rent $48,720 $15.72

Gross Income $48,720 $15.72

Expenses

Real Estate Taxes (2019 Actual) $13,717 $4.42

Insurance $1,750 $0.56

Total Expenses $15,467 $4.99

Net Operating Income $33,253 $10.73

renT sCHedUle

JJ Beauty 3,100 100.00% 5/1/2020 9/30/2025 5 Years 5/1/2020 9/30/2020 $4,000 $48,000 $15.48 - 100% None Modified

10/1/2020 9/30/2022 $4,060 $48,720 $15.72 1.5%

10/1/2022 9/30/2024 $4,121 $49,452 $15.95 1.5%

10/1/2024 9/30/2025 $4,183 $50,196 $16.19 1.5%

Notes: Tenant responsible for utilities, repairs, maintenance, HVAC, and trash removal.

Tenant /suite #sF

leased% of

Total sFstart end

Base lease Term (Yrs)

rent schedule% of

Total rentrenewal Options

lease TypeBeginning ending

Monthly rent

annual rent

rent/ sF

increase

lOCaTiOn HigHligHTs | CHiCagO Msa

Third largest Metropolitan area in the United states• Population of Over 10 Million People • Expands Over 5,000 Square Feet in 14 Counties • Almost 40 Percent of Illinois Residents Live in the Suburbs

of Chicago, Many of Whom Commute into the City for Work

logistics and Business Hub• Vital Link in Supply Chain as 42 Percent of the Population

Lives Within 750 Miles of Chicago• Three International Airports (Chicago O’Hare Airport,

Midway Airport and Gary/Chicago Airport) | 16 Regional Airports

• Nation’s Premier Freight Rail Hub, with Four Carriers | BNSF, Union Pacific, CSX, and Norfolk Southern

• Home to Over 400 Major Corporate Headquarters, Including 31 Fortune 500 Companies Reside in Chicago | Over 100,000 Jobs Created Since Pre-Recession Peak

Major Transportation network• Chicago Transit Authority Rail and Bus Services• Pace Bus Services• Metra and Amtrak Rail • Divvy Bikes

Major Tourist destination | 58 Million Visitors annually • Tourist Attractions Include Willis Tower, Millennium Park,

Navy Pier, Art Institute of Chicago, Museum of Science and Industry, Adler Planetarium, Wrigley Field, Buckingham Fountain, Michigan Avenue and the Magnificent Mile

• Seven Professional Sports Teams

World-Class education institutions | Over 104,000 students

• Universities Include University of Chicago, DePaul University, Northwestern University, Loyola University, University of Illinois at Chicago

regiOnal MaP

Subject Property

lake Michigan

deMOgraPHiCsPopulation 1-Mile 2-Miles 3-Miles2019 Population 35,745 125,257 252,5212024 Population 35,820 124,742 250,305

Households 1-Mile 2-Miles 3-Miles2019 Households 16,346 54,073 100,6242024 Households 16,583 54,433 100,883

daytime Population 1-Mile 2-Miles 3-Miles2019 Population 26,951 139,040 244,954

income 1-Mile 2-Miles 3-Miles2019 Median HH Income $28,687 $35,106 $34,0772019 Average HH Income $55,682 $65,205 $58,781

COnFidenTialiTY agreeMenT

The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

nOn-endOrseMenT nOTiCe

Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

sPeCial COVid-19 nOTiCe All potential buyers are strongly advised to take advantage of their opportunities and obligations to conduct thorough due diligence and seek expert opinions as they may deem necessary, especially given the unpredictable changes resulting from the continuing COVID-19 pandemic. Marcus & Millichap has not been retained to perform, and cannot conduct, due diligence on behalf of any prospective purchaser. Marcus & Millichap’s principal expertise is in marketing investment properties and acting as intermediaries between buyers and sellers. Marcus & Millichap and its investment professionals cannot and will not act as lawyers, accountants, contractors, or engineers. All potential buyers are admonished and advised to engage other professionals on legal issues, tax, regulatory, financial, and accounting matters, and for questions involving the property’s physical condition or financial outlook. Projections and pro forma financial statements are not guarantees and, given the potential volatility created by COVID-19, all potential buyers should be comfortable with and rely solely on their own projections, analyses, and decision-making.

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2020 Marcus & Millichap. All Rights Reserved. Activity ID: TBD

eXClUsiVelY lisTed BY

sean sHarKOseniOr ViCe PresidenT inVesTMenTsChicago Oakbrook(630) 570-2238sean.sharko@marcusmillichap.com il 471.010712

aUsTin WeisenBeCKseniOr ViCe PresidenT inVesTMenTsChicago Oakbrook(630) 570-2169austin.weisenbeck@marcusmillichap.com il 475.140200

BrOKer OF reCOrd

sTeVen WeinsTOCKChicago Oakbrook(630) 570-2250steven.weinstock@marcusmillichap.comil 471.011175

adrian MendOZaFirsT ViCe PresidenT inVesTMenTsChicago Oakbrook(630) 570-2163adrian.mendoza@marcusmillichap.com il 475.147980