www.bouldergroup.com NET LEASED INVESTMENT OFFERING NET LEASED INVESTMENT OFFERING NET LEASED INVESTMENT OFFERING NET LEASED INVESTMENT OFFERING David’s Bridal David’s Bridal David’s Bridal David’s Bridal 5020 West 95 5020 West 95 5020 West 95 5020 West 95 TH TH TH TH Street Street Street Street Oak Lawn, IL 60453 (Chicago Oak Lawn, IL 60453 (Chicago Oak Lawn, IL 60453 (Chicago Oak Lawn, IL 60453 (Chicago MSA) MSA) MSA) MSA)
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5020 West 955020 West 955020 West 955020 West 95THTHTHTH StreetStreetStreetStreet Oak Lawn, IL 60453 (ChicagoOak Lawn, IL 60453 (ChicagoOak Lawn, IL 60453 (ChicagoOak Lawn, IL 60453 (Chicago MSA)MSA)MSA)MSA)
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
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Confidentiality & Disclaimer
Executive Summary
Property Overview
Aerial
Site Plan
Map
Tenant Profile
Demographic Comparison Report
Location Overview
Contact Information
TABLE OF CONTENTS
TABLE OF CONTENTSTABLE OF CONTENTSTABLE OF CONTENTSTABLE OF CONTENTS
NET LEASED INVESTMENT OFFERING
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The information contained in the following Offering Memorandum is proprietary and strictly confidential. 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, 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. 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 verified, 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.
The Boulder Group is pleased to exclusively market for sale a single tenant net leased David’s Bridal property located in the Chicago MSA. The property benefits from its location in a dense infill area of the Chicago MSA and an above average parking ratio for retail buildings in Oak Lawn. The lease is corporately guaranteed by David’s Bridal, the largest bridal store chain in the United States. David’s Bridal is a privately owned and operated clothing store specializing in wedding dresses, prom gowns and other formal wear with over 300 locations in 45 states. The 10,000 square foot property was built in 2007 and has four years of lease term remaining. The lease features a 15% rental escalation in each renewal option.
The property is located along 95th Street, a primary thoroughfare in Oak Lawn, which experiences traffic volumes in excess of 39,000 vehicles per day. The property also benefits from its position across the street from the Oak Lawn Metra Station. The property is located two miles east from the Chicago Ridge regional mall, which is anchored by Sear’s, Kohl’s, Michaels, Bed Bath & Beyond and AMC Theaters. Additionally, the property is located in close proximity to a Home Depot, Target, Kmart and a Jewel-Osco grocery store. There are approximately 486,000 people living within five miles of the property. Overall retail vacancy in Oak Lawn is 6%, which is low compared to the entire Chicago MSA (8.7%). David’s Bridal is located in close proximity to the Advocate Christ Medical Center, Oak Lawn’s largest employer, which employs over 5,800 people.
David’s Bridal original lease term was for ten years with three 5-year renewal options and the lease expires in June 2017. The net operating income increases by 15% in each renewal option. David’s Bridal is a privately clothing store specializing in wedding dresses, prom gowns and other formal wear with over 300 locations in 45 states.
• Located within the Chicago MSA
• 15% rental escalation in each renewal option period
• Corporately guaranteed lease
• Dense area of the Chicago MSA with over 485,000 people living within five miles
• 95th Avenue has traffic volumes in excess of 39,000 vehicles per day
• Above average parking ratio for a retail building in Oak Lawn (6.2/1,000 SF)
• Other nearby retailers include Home Depot, Target, Kmart and Jewel-Osco
• David’s Bridal is the largest bridal store chain in the country
• Across the street from the Oak Lawn Metra Station
• Below average retail vacancy rate of 6.2% in Oak Lawn
Oak Lawn Oak Lawn Oak Lawn Oak Lawn southwest of Chicago. At the time of the 2010 U.S. Census the population of Oak Lawn was 56,937. Oak Lawn is located within Cook County and part of the Chicago metropolitan area. At of 5,194,675.
Oak Lawn is the home of Advocate Christ Medical Center and Hope Children's Hospital, one of the most comprehensive providers of pediatric care in the state. The medical center is women’s services and emergency medicine. The Advocate Christ Medical Center, Oak Lawn’s largest employer, employs over 5,800 people.
www.oaklawn
The metro is also a major financial 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 financial centers based on people, business environment, market access, infrastructure and general competitiveness.
www.cityofchicago.com
Chicago Chicago Chicago 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
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, McDonald's, Motorola, Discover Financial Services and
United Airlines. Chicago is a major hub for industry, telecommunications and
infrastructure and O'Hare International Airport is the second busiest airport in the
Oak Lawn Oak Lawn Oak Lawn Oak Lawn is a village located in Cook County, Illinois. Oak Lawn is about 15 miles southwest of Chicago. At the time of the 2010 U.S. Census the population of Oak Lawn was 56,937. Oak Lawn is located within Cook County and part of the Chicago metropolitan area. At the time of the 2010 U.S. Census Cook County had a population of 5,194,675.
Oak Lawn is the home of Advocate Christ Medical Center and Hope Children's Hospital, one of the most comprehensive providers of pediatric care in the state. The medical center is a leader in cardiology, pediatrics, surgical services, oncology, women’s services and emergency medicine. The Advocate Christ Medical Center, Oak Lawn’s largest employer, employs over 5,800 people.
www.oaklawn-il.gov
The metro is also a major financial 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 financial centers based on people, business environment, market access, infrastructure and
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
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
es, including Boeing, McDonald's, Motorola, Discover Financial Services and
United Airlines. Chicago is a major hub for industry, telecommunications and
infrastructure and O'Hare International Airport is the second busiest airport in the
world in terms of traffic movement.
LOCATION OVERVIEW
is a village located in Cook County, Illinois. Oak Lawn is about 15 miles southwest of Chicago. At the time of the 2010 U.S. Census the population of Oak Lawn was 56,937. Oak Lawn is located within Cook County and part of the Chicago
the time of the 2010 U.S. Census Cook County had a population
Oak Lawn is the home of Advocate Christ Medical Center and Hope Children's Hospital, one of the most comprehensive providers of pediatric care in the state. The
a leader in cardiology, pediatrics, surgical services, oncology, women’s services and emergency medicine. The Advocate Christ Medical Center, Oak
The metro is also a major financial 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 financial centers based on people, business environment, market access, infrastructure and
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
es, including Boeing, McDonald's, Motorola, Discover Financial Services and
United Airlines. Chicago is a major hub for industry, telecommunications and
infrastructure and O'Hare International Airport is the second busiest airport in the