19125 s lagrange ave com

Offering Memorandum

Retail Center

19115-65 S. Lagrange Ave.

Mokena, IL. 60448

BOARDW LK

commercial real estate

Boardwalk Commercial Real Estate

Apartment Buildings... Retail Centers... Office Buildings

Confidentiality & Disclaimer

Boardwalk Commercial Real Estate "BCRE" has been retained as exclusive Broker for the

Owner of Record for the sale of the "Property" in this Offering Memorandum. Prospective

Purchaser hereby acknowledges receiving information regarding the Property from Boardwalk

Commercial Real Estate agrees to keep said information “Strictly Confidential”. It is intended to

be viewed only by the party receiving it from BCRE.

You further agree that although BCRE believes the evaluation material provided to Prospective

Purchaser is accurate, you understand that neither BCRE nor its directors, officers, employees,

representatives or advisors is making or is authorized to make any representations or warranty as

to the accuracy or completeness of the evaluation material provided to you and you agree that

neither BCRE nor any such person shall incur any liability to you as a result of your use or

reliance on such information. It is up to the potential Purchaser to perform his own Due

Diligence on the Property.

By accepting this Offering Memorandum you agree not to disturb any of the tenants at the

Property. You also agree not to contact the owner of the Property for any reason. All questions,

showings and information will be directed thru a Broker representative of BCRE. Additional

information will be available to interested and qualified buyers.

BOARDW LK




Offering Memorandum

Retail Center

19115-65 S. Lagrange Ave.

Mokena, IL. 60448

Contact Information:

Bob Petrich

President

Commercial Real Estate

708-917-3333

[email protected]

Boardwalk CRE

8218 Lavergne Ave

Burbank, IL 60459

BOARDW LK




BOARDW LK


Table of Contents

1... Property Description

2... Property Summary

3... Property Photos

4... Financial Overview

5... Financing

6... CAM & Taxes

7... Rent Roll

8... Regional & Local Map

9... Aerial Map

10.. Plat Map

11.. Demographics

TABLE OF CONTENT S

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Property Description

Retail center located at 19115-65 S. Lagrange Ave in Mokena, IL. The retail center faces busy

Lagrange Ave. and is 100% fully leased. The leases are NNN and the tenants are long term with

extended expiration dates with options.

The property is located just south of the I-80 & Lagrange exit. The property is in Will county and

draws customers from high traffic businesses. The tenants include:

Subway

Dentist

Chiropractor

Tobacco Store

Liquor Store

Dairy Queen

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Property Summary

Number of Units:

6

Rentable Square Feet:

7,250

Lot Size:

18,240

Year Built:

1990

Electric:

110/220 V

Parking:

32

HVAC:

2200 Amp

Roof:

Rubberized

Fire Protection:

Village

Construction:

Concrete

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Property Photos



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Property Photos



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Financial Overview

Price

$1,850,000

Total Units

6

Rentable Square Feet

7,250

Price Per Square Foot

$255

Pass Thru & Base Rent

$183,098

CAM & Taxes

$36,250

Net Operating Income

$151,224

Cap Rate

8.17%

Debt Service

$92,546

Debt Coverage Ratio

1.63

Cash Flow After Debt

$58,678

Total Return

12.69%



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Financing

Price

$1,850,000

Down Payment 25%

$462,500

Loan To Value 75%

$1,387,500

Interest Rate

4.50%

Amortization Years

25

Debt Service

$92,546

Debt Coverage Ratio

1.63

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CAM & Taxes

CAM & TAXES

Expenses:

Taxes $24,564.00

Utilities $1,500.00

Maintenance & Repair $1,900.00

Management $7,680.00

Insurance $2,400.00

Lawn Maintenance $400.00

Snow Plow $1,200.00

Total Expenses $39,644.00

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Rent Roll

Tenant Unit Square Feet Monthly Rate

CAM and

Taxes

Total

Monthly

Maturity

Date Options

Subway 19115 1,100 $2,138.00 $458.33 $2,596.33 May-17

1-

5years

Dentist - Dr Maloney 19125 1,200 $2,199.00 $500.00 $2,699.00 Oct-15

1-

5years

Chiropractor - Dr Norberg 19135 1,300 $2,100.00 $541.67 $2,641.67 Jun-17

1-

5years

Will County Tobacco 19145 1,300 $2,195.00 $541.67 $2,736.67 Sep-16 2-5year

Cheers Liquors 19155 1,100 $1,796.00 $458.33 $2,254.33 Jun-17

1-

5years

Dairy Queen 19165 1,250 $2,174.00 $520.83 $2,694.83 May-17 3-5year

TOTAL: 7,250 $12,602.00 $3,020.83 $15,622.83

x12

$151,224.00

NOI

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Regional Map

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Local Map



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Aerial Map

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Plat Map

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Demographics

19115 La Grange Rd, Mokena, IL 60448-9346, Will County Demographics Based on ZIP Code: 60448

Population Summary Estimated Population: 25,105 Population Growth (since 2000): 29% Population Density (ppl / mile): 1,393 Median Age: 33.88 Household Number of Households: 8,617 Household Size (ppl): 2.91 Households w/ Children: 3,685 Age Gender Marital Status Housing Summary Median Home Sale Price: $225,000 Median Dwelling Age: 14 years Median Value of Home Equity: $399,266 Median Mortgage Debt: $188,904 Stability Annual Residential Turnover: 12.48% 5+ Years in Residency: 43.39% Median Years in Residency: 4.37

Neighborhood Profile Page 2 of 5

The data within this report is compiled by CoreLogic from public and private sources. If desired, the accuracy of the data contained herein can be independently verified by the recipient of this report with the applicable county or municipality.

Courtesy of Robert Petrich, Midwest Real Estate Data, LLC Generated on 12/20/2013

Occupancy Fair Market Rents Quality of Life Workers by Industry Agricultural, Forestry, Fishing: 147 Mining: 6 Construction: 983 Manufacturing: 1,684 Transportation and Communications: 1,348 Wholesale Trade: 707 Retail Trade: 2,384 Finance, Insurance and Real Estate: 858 Services: 4,368 Public Administration: 187 Unclassified: 31 Workforce Household Income Average Household Income: $103,727 Average Per Capita Income: $35,606

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Neighborhood Profile Page 3 of 5 The data within this report is compiled by CoreLogic from public and private sources. If desired, the accuracy of the data contained

herein can be independently verified by the recipient of this report with the applicable county or municipality.


Commute Method Median Travel Time: 29.63 min Weather January High Temp (avg °F): 29.2 January Low Temp (avg °F): 14.8 July High Temp (avg °F): 83.7 July Low Temp (avg °F): 64.7 Annual Precipitation (inches): 38.65 Education Educational Climate Index (1) Highest Level Attained Less than 9th grade: 344 Some High School: 285 High School Graduate: 4,547 Some College: 3,297 Associate Degree: 2,144 Bachelor's Degree: 3,321 Graduate Degree: 1,620 (1) This measure of socioeconomic status helps identify ZIP codes with the best conditions for quality schools. It is based on the U.S. Census Bureau's

Socioeconomic Status (SES)

measure with weights adjusted to more strongly reflect the educational aspect of social status (education 2:1 to income & occupation). Factors in this measure are income, educational

achievement and occupation of persons within the ZIP code. Since this measure is based on the population of an entire ZIP code, it may not reflect the

nature of an individual school.

(2) Powered by Onboard Informatics. Information is deemed reliable but not guaranteed. Copyright © 2013 Onboard Informatics. All rights reserved.

Schools Radius: 3 mile(s)

Public - Elementary Kirby SD 140 Distance Grades Students Students per Teacher GreatSchools Rating (1) Community Rating (2) Millennium Elementary School 17830 84th Ave 2.12 Pre-K-5th 615 17 Christa Mcauliffe School 8944 174th St 2.38 Pre-K-5th 495 15 Lincoln-Way Area Spec Ed Ja Dist Distance Grades Students Students per Teacher GreatSchools Rating (1) Community Rating (2) Pioneer Grove Educational Center 601 Willow St 2.24 Pre-K-2nd 61 15 Mokena SD 159 Distance Grades Students Students per Teacher GreatSchools Rating (1) Community Rating (2) Mokena Elementary School 11244 Willow Crest Ln 2.19 K-3rd 710 24 Mokena Intermediate School 11331 195th St 2.23 4th-5th 360 20


The data within this report is compiled by CoreLogic from public and private sources. If desired, the accuracy of the data contained



Summit Hill SD 161 Distance Grades Students Students per Teacher GreatSchools Rating (1) Community

Rating (2) Arbury Hills Elementary School 19651 Beechnut Dr 0.65 1st-4th 260 14 Dr Julian Rogus School 20027 S 88th Ave 1.28 K-4th 805 19 Dr. Julian Rogus School 20027 S 88th Ave 1.28 K-4th 800 20 Walker Intermediate School 19900 80th Ave 1.97 5th-6th 800 18 Mary Drew Elementary School 20130 S Rosewood Dr 2.12 1st-4th 355 19 Frankfort Square Elementary School 7710 W Kingston Dr 2.68 1st-4th 176 12

Public - Middle/High Consolidated High School District 230 Distance Grades Students Students per Teacher GreatSchools Rating (1) Community Rating (2) Victor J Andrew High School 9001 171st St 2.68 9th-12th 2,164 14 Kirby SD 140 Distance Grades Students Students per Teacher GreatSchools Rating (1) Community Rating (2) Prairie View Middle School 8500 175th St 2.48 6th-8th 650 13 Lincoln Way Chsd 210 Distance Grades Students Students per Teacher GreatSchools Rating (1) Community Rating (2) Lincoln-Way East High School 201 Colorado Ave 2.11 9th-12th 2,270 17 Mokena SD 159 Distance Grades Students Students per Teacher GreatSchools Rating (1) Community Rating (2) Mokena Junior High School 19815 Kirkstone Way 1.17 6th-8th 650 21 Southwest Cook Coop Spec Ed Distance Grades Students Students per Teacher GreatSchools Rating (1) Community Rating (2) Transition 1 At Spring Creek 18521 Spring Creek Dr 2.83 12th-12th Not Reported Summit Hill SD 161 Distance Grades Students Students per Teacher GreatSchools Rating (1) Community Rating (2) Walker Intermediate School 19900 80th Ave 1.97 5th-6th 800 18

Private Distance Grades Students Classrooms Community Rating (2) Kids Station Inc 9463 Enterprise Dr 0.22 Pre-K-Pre-K 44 Noonan Elementary Academy 19131 Henry Dr 0.28 Pre-K-8th 380 Triple R Child Care

9500 W La Porte Rd 0.94 Pre-K-K 16 Lt Joseph P Kennedy Jr School 18350 Crossing Dr 1.38 1st-12th 45 Kindercare Learning Centers 9460 179th St 1.6 Pre-K-K 120 Mokena Montessori 10901 W La Porte Rd 2.02 Pre-K-K 7 St. Mary 11409 195th St 2.35 K-8th 500 Kindercare Learning Center 10003 W Lincoln Hwy 2.56 Pre-K-K 110 Bobbie Noonans Child Care 8717 Lincoln Hwy 2.74 Pre-K-5th 132 Kindercare Learning Centers 7965 175th St 2.87 Pre-K-K 100 Southwest Christian School 17171 84th Ave 2.9 K-8th 350


The data within this report is compiled by CoreLogic from public and private sources. If desired, the accuracy of the data contained



(1) GreatSchools Ratings provide an overview of a school's test performance. The ratings are based strictly on test score performance for that state's

standardized tests. Based on a

scale of 1-10. (Public School Test Score Copyright © 2012 GreatSchools.net) (2) The community rating is the overall rating that is submitted by either a Parent/Guardian, Teacher, Staff, Administrator, Student or Former Student.

There will be only one rating

per school. Based on a scale of 1-5.

(3) Powered by Onboard Informatics. Information is deemed reliable but not guaranteed. Copyright © 2013 Onboard Informatics. All rights reserved.

Local Businesses Radius: 1.00 mile(s)

Attractions - Recreation Address Phone # Distance Description Gym Kinetics 19220 Ridge Rd (708) 479-6969 0.09 Gymnastic Instruction Otb 19031 Old Lagrange Rd # 206 (708) 479-6167 0.14 Race Tracks Cheer Command Inc 9830 W 190th St # C (708) 478-4064 0.49 Amusement And Recreation Nec Spinclub 9960 191st St (708) 479-4455 0.55 Health Clubs Studios And Gymnasiums Street Of Dreams 9960 191st St (708) 478-4161 0.55 Dance Companies

Banks - Financial Address Phone # Distance Description Ac A-Amoco 9545 191st St (708) 479-0175 0.06 Automated Teller Machines Cardtronics Atm 9545 191st St (708) 000-1111 0.06 Automated Teller Machines Cardtronics Atm 19100 La Grange Rd (708) 000-1111 0.07 Automated Teller Machines Circle K 19100 La Grange Rd (708) 479-4066 0.07 Atm Locations Fifth Third Bank 19201 La Grange Rd # 100 (708) 479-4490 0.1 Banks

Health Care Services Address Phone # Distance Description Quest Diagnostics 19070 Everett Blvd # 111 (708) 479-0904 0.25 Clinics Elite Ambulance 9850 W 190th St # A (708) 478-8880 0.5 Ambulance Service Elite Medical Transportation 9850 W 190th St (708) 478-8544 0.5 Ambulance Service Advantage Ambulance 9850 W 190th St # A (708) 478-0455 0.51 Ambulance Service Emergency Vehicle Technologies 9930 W 190th St # K (708) 479-6721 0.62 Ambulance Service

Hospitality Address Phone # Distance Description Super 8 9485 W 191st St (708) 479-7808 0.06 Hotels And Motels Friend Hospitality Inc 9485 W 191st St (708) 479-7808 0.07 Hotels And Motels

Organizations - Associations Address Phone # Distance Description Rapid Medical Delivery 9457 Bormet Dr (708) 478-6860 0.14 Churches Mokena Baptist Church 9960 187th St (708) 478-7735 0.57 Churches

Shopping Address Phone # Distance Description Cheers Liquor 19155 La Grange Rd (708) 479-5200 0.03 Liquors - Retail Puppy Love Boutique 19155 La Grange Rd (708) 479-9970 0.03 Pet Shops Applied Proactive Technologies 9500 Bormet Dr # 101 (708) 478-4270 0.07 General Merchandise - Retail Diamond Formal Wear Inc 9428 W 191st St (708) 478-0083 0.09 Formal Wear - Retail Cait's Cart LLC 9426 W 191st St (708) 995-7746 0.1 Consignment Shops

(1) Powered by Onboard Informatics. Information is deemed reliable but not guaranteed. Copyright © 2013 Onboard Informatics. All rights

19125 s lagrange ave com

Documents

retail centers

property photos

memorandum retail center

boardwalk cre

contact information

offering memorandum

lagrange ave

additional information