NET LEASED INVESTMENT OFFERING

www.bouldergroup.com
Walmart (Ground Lease)
5630 West Touhy Avenue
Niles, IL 60714 (Chicago MSA)
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
1) Executive Summary
2) Investment Highlights
3) Property Overview
4) Aerial
5) Site Plan
6) Maps
7) Tenant Profle
8) Demographic Comparison Report
9) Location Overview
10) Contact Information
TABLE OF CONTENTS
TABLE OF CONTENTS
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
The information contained in the following Offering Memorandum is proprietary and strictly confdential. It is intended to
be reviewed only by the party receiving it from The Boulder Group and should not be made available to any other person
or entity without the written consent of The Boulder Group. This Offering Memorandum has been prepared to provide
summary, unverifed 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. The
Boulder Group has not made any investigation, and makes no warranty or representation. The information contained
in this Offering Memorandum has been obtained from sources we believe to be reliable; however, The Boulder Group
has not verifed, and will not verify, any of the information contained herein, nor has The Boulder Group 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.
CONFIDENTIALITY & DISCLAIMER
CONFIDENTITALITY & DISCLAIMER
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
1
The Boulder Group is pleased to exclusively market for sale a rare single tenant Walmart ground lease located
in the Chicago MSA. The 132,695 square foot building is located on a 9.82 acre parcel within a dominant retail
destination. The Walmart anchors Pointe Plaza, a 330,000 square foot development located in an affuent
area north of Chicago. Walmart has approximately ten years of lease term remaining on their ground lease
that expires in March 2024. The lease features rental escalations in each of the seven 10-year renewal option
periods. Walmart is a publicly traded company (NYSE: WMT) with a market capitalization in excess of $240
billion and is an investment grade rated company (S&P: AA).
The Walmart property is located within an affuent area just north of Chicago. Average household incomes
within a one mile radius are in excess of $107,000 annually. Additionally, there are approximately 700,000
people living within fve miles earning average household incomes in excess of $80,000 per year. The property
is located along West Touhy Avenue, a heavily traffcked east-west thoroughfare that experiences traffc counts
in excess of 35,000 vehicles per day. The property is located less than one mile from a full interchange with
Interstate 94, which experiences traffc counts in excess of 153,000 vehicles per day. The immediate area is
dense providing for high barriers to entry.
The Walmart is well located within one of the dominant retail destinations of Chicagos northern suburbs. The
Walmart anchors Pointe Plaza, a 330,000 square foot development that also features Ross Dress For Less,
Walgreens, Fresh Farms International Market, Dress Barn and Babies R Us. Directly across the street from
Pointe Plaza is Village Crossing, a 450,000 square foot development that features Dicks Sporting Goods, AMC
Theaters, Best Buy, Michaels, Bed Bath & Beyond and many other national retailers. Jewel-Osco is also located
across the street from the Walmart. Other notable retailers in the immediate vicinity along West Touhy Avenue
include Target and Costco. This is a 24 hour location and Walmart has a longstanding operating history since
2000. The closest Walmart property is located 5.8 miles away. With convenient interstate access and a large
variety of strong retailers, this corridor has the unique advantage of drawing consumers from both the city and
suburbs.
Walmart has approximately 10 years remaining on their original
twenty-fve year ground lease that expires in March 2024. The
lease features seven 10-year renewal options with a 10% rental
escalation in the frst option and 5% rental escalations in each
remaining renewal option period. Walmart is an investment
grade rated company (S&P: AA) and is publicly traded (NYSE:
WMT) with a market capitalization in excess of $240 million.
Walmart is the largest company in the world by both number of
employees and revenue.
EXECUTIVE SUMMARY
EXECUTIVE SUMMARY
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
2
Located within the Chicago MSA just north of the city limits
Extremely rare opportunity to acquire a single tenant Walmart property located in a top MSA
24 hour location with a long operating history at this location (since 2000)
Walmart is investment grade (S&P: AA) and is the largest company in the world
Long term ground lease with approximately 10 years remaining
10% rental escalation in the frst renewal option and 5% in the remaining options
No landlord responsibilities
Located within a dominant retail destination that features Costco, Target, AMC Theaters, Jewel-Osco,
and many others
West Touhy Avenue is a primary east-west thoroughfare with traffc counts in excess of 35,000 vehicles
per day
Located less than one mile from access to Interstate 94 which experiences traffc counts in excess of
153,000 vehicles per day
Affuent area with household incomes in excess of $107,000 annually within a one mile radius
Opportunity to own 9.8 acres in a dense infll area of Chicagoland
INVESTMENT HIGHLIGHTS
INVESTMENT HIGHLIGHTS
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
3
PROPERTY OVERVIEW
PROPERTY OVERVIEW
Price: $9,966,063
Cap Rate: 4.75%
Tenant: Walmart
Credit Rating: AA (S&P)
Rent Schedule: NOI Escalation Date
$473,388
$520,726 3/1/24 (Option 1)
$546,763 3/1/34 (Option 2)
$574,101 3/1/44 (Option 3)
$602,806 3/1/54 (Option 4)
$632,946 3/1/64 (Option 5)
$664,594 3/1/74 (Option 6)
$697,823 3/1/84 (Option 7)
Renewal Options: Seven 10-Year
Rent Commencement Date: March 1, 1999
Rent Expiration Date: February 29, 2024
Year Built: 2000
Lease Type: Ground Lease
Square Feet: 132,695 SF
Land Size: 9.82 acres
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
4
AERIAL
AERIAL
N
1
5
3
,
0
0
0

V
P
D
35,000 VPD
W. TOUHY AVENUE
94
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
5
SITE PLAN
SITE PLAN
T
O
U
H
Y

A
V
E
N
U
E
CENTRAL AVENUE
SUBJECT OFFERING
J
A
R
V
I
S

S
T
R
E
E
T
N
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
6
MAPS
MAPS
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
7
Wal-Mart Stores, Inc., branded as Walmart, is an American multinational retail corporation that runs chains
of large discount department stores and warehouse stores. According to the Fortune Global 500 list in 2014,
Walmart is the biggest private employer in the world with over two million employees, and the largest retailer in
the world. Walmart remains a family-owned business, as the company is controlled by the Walton family, who
own over 50 percent of Walmart through their holding company, Walton Enterprises. It is also one of the worlds
most valuable companies. Additionally, Walmart is the largest grocery retailer in the United States. Walmart is
headquartered in Bentonville, Arkanasas.
Website: www.walmart.com
Credit Rating: S&P: AA
Stock Symbol: NYSE: WMT
Number of Locations: 11,003
Market Capitalization: $243 billion
Headquarters: Bentonville, AR
TENANT PROFILE
TENANT PROFILE
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
8
Population 1-mi 3-mi 5-mi
Total Population 12,461 181,228 689,160
Total Households 4,529 69,428 257,382
Income
Median Household Income $84,354 $64,565 $57,499
Average Household Income $107,017 $85,561 $80,075
DEMOGRAPHIC COMPARISON REPORT
DEMOGRAPHIC COMPARISON REPORT
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
9
Niles is a village in Cook County, Illinois with a population of 29,803 people. Niles is adjacent to
Chicago to the south, Skokie to the east, Morton Grove to the northeast, Glenview to the north,
and Park Ridge & unincorporated Cook County to the west. The town is centered along Milwaukee
Avenue which forms a main artery diagonally through the town on a northwest-southeast bearing.
Grainger (NYSE: GWW), who has their corporate headquarters in nearby Lake Forest, is the largest
employer with over 850 employees working in Niles.
Chicago is the most populous city in the Midwestern United States and the third most populous city in
the United States with 2,700,000 residents. Chicago is the county seat of Cook County, the second
largest county in the United States. The Chicago MSA is the third most populated metropolitan
area in the United States with 9,580,567 residents. The MSA covers over 1,300 square miles and
six counties. The Chicago metropolitan area is home to the corporate headquarters of 57 Fortune
1000 companies, including Boeing, McDonalds, Motorola, Discover Financial Services and United
Airlines. Chicago is a major hub for industry, telecommunications and infrastructure and OHare International
Airport is the second busiest airport in the world in terms of traffc movement.
The metro is also a major fnancial center in North America, and is home to the largest futures exchange in the
United States, the CME Group. Chicago is third in the world on the Global Financial Centers Index which ranks
the competitiveness of fnancial centers based on people, business environment, market access, infrastructure
and general competitiveness. The city has also been rated as having the most balanced economy in the United
States, due to its high level of diversity.
www.cityofchicago.org
LOCATION OVERVIEW
LOCATION OVERVIEW
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
10
CONTACT INFORMATION
CONTACT INFORMATION
666 Dundee Road, Suite 1801
Northbrook, IL 60062
Randy Blankstein
President
847.562.0003
[email protected]
Jimmy Goodman
Partner
847.562.8500
[email protected]