chase ground lease property

www.bouldergroup.com

NET LEASED INVESTMENT OFFERINGNET LEASED INVESTMENT OFFERINGNET LEASED INVESTMENT OFFERINGNET LEASED INVESTMENT OFFERING

Chase (Ground Lease)Chase (Ground Lease)Chase (Ground Lease)Chase (Ground Lease) 4001 1674001 1674001 1674001 167thththth StreetStreetStreetStreet

Country Club Hills, IL 60478Country Club Hills, IL 60478Country Club Hills, IL 60478Country Club Hills, IL 60478 (Chicago MSA)(Chicago MSA)(Chicago MSA)(Chicago MSA)

NET LEASED INVESTMENT OFFERING


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Confidentiality & Disclaimer

Executive Summary

Property Overview

Site Plan

Overall Site Plan

Map

Tenant Profile

Demographic Comparison Report

Location Overview

Contact Information

TABLE OF CONTENTS

TABLE OF CONTENTSTABLE OF CONTENTSTABLE OF CONTENTSTABLE OF CONTENTS



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.

CONFIDENTIALITY & DISCLAIMER

CONCONCONCONFIDENTIALITY & DISCLAIMERFIDENTIALITY & DISCLAIMERFIDENTIALITY & DISCLAIMERFIDENTIALITY & DISCLAIMER



The Boulder Group is pleased to exclusively market for sale a single tenant Chase Bank ground lease located in the

Chicago MSA. The Chase Bank is located on a 2.07 acre parcel and was built in 2006 with a 30 year ground lease. The

property is located as an out parcel to a 24-hour Wal-Mart Supercenter anchored shopping center. Additionally, there are

215,631 people living within five miles of the property.

The property is located along 167th Street and benefits from its strategic location on the hard corner of a signalized

intersection. 167th Street experiences traffic volumes of 17,200 vehicles per day. Constant traffic is abundant due to the

draw of Country Club Hills Plaza; a Wal-Mart Supercenter anchored shopping center. 167th Street has a full access

interchange with Interstate 57 94,000 vehicles per day less than one-half mile from the property. Additionally the property

is located near Interstates 80 and 294 which experience traffic volumes in excess of 100,000 vehicles per day and

90,000 vehicles per day respectively.

Chase’s original ground lease term was for 30 years with four 5-year renewal options and the lease expires in October

2036. The net operating income increases by 10% every five years during the primary term and the option periods. Chase

is a publicly traded company on the New York Stock Exchange (JPM), with a market capitalization of $151 Billion. J.P.

Morgan Chase is an investment grade rated company with a Standard & Poor’s rating of A+.

• Located as an outparcel to a Wal-Mart Supercenter

• Located within the Chicago MSA

• Long term ground lease with 24 years remaining

• Investment grade rated company (Standard & Poor’s: A+)

• No landlord responsibilities

• Positioned on a hard corner of a signalized intersection

• 10% rental escalations every five years

• Nearby retailers include AMC Loews, Sprint Wireless, Guitar Center, and Payless Shoes

• Less than one-half mile from I-57 interchange (94,000 VPD)

• Close proximity to a planned 500,000 square foot outlet mall, convention center, and hotel development.

INVESTMENT HIGHLIGHTS

EXECUTIVE SUMMARY

EXECUTIVE SUMMARYEXECUTIVE SUMMARYEXECUTIVE SUMMARYEXECUTIVE SUMMARY



Price: $2,300,000

Cap Rate: 5.50%

Rent Schedule: NOI Escalation Date

$ 126,500

$ 139,150 10/12/2016

$ 153,065 10/12/2021

$ 168,372 10/12/2026

$ 185,209 10/12/2031

Renewal Options: Four 5-Year

Renewal Rate: 10% increase each option period

Lease Commencement Date: October 12, 2006

Lease Expiration Date: October 11, 2036

Tenant: Chase

Credit Rating: A+ (Standard and Poor’s)

Year Built 2006

Lease Type: Ground Lease - NNN

Rentable Square Feet: 4,342 SF

Land Size: 2.07 Acres

Purchase Option: Chase has the option to purchase the property at any time based on a 7% cap rate of the then current NOI. The seller will escrow the difference between the purchase price and Chase’s purchase option price at negotiated terms and release funds in the event Chase exercises their purchase option during the primary term.

PROPERTY OVERVIEW

PROPERTY OVERVIEWPROPERTY OVERVIEWPROPERTY OVERVIEWPROPERTY OVERVIEW



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SITE PLAN

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MAP

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Website: www.chase.com

Number of Locations: 5,500

Stock Symbol: JPM : NYSE

Standard & Poor’s Rating: A+

Market Capitalization: $151 Billion

Chase Bank is a national bank that constitutes the consumer and commercial banking subsidiary of financial services firm J.P. Morgan Chase (NYSE: JPM). The bank was known as Chase Manhattan Bank until it merged with J.P. Morgan & Co in 2004. Now, J.P. Morgan Chase, through its Chase subsidiary, is one of the Big Four Banks of the United States with $2.3 Trillion in assets and $183 Billion in stockholder’s equity as of December 31, 2011. Chase has more than 5,500 branches nationwide (3rd largest nationally) and more than 17,200 ATMs (2nd largest nationally). On September 25th, 2008, J.P. Morgan Chase bought most banking operations of Washington Mutual from the receivership of the Federal Deposit Insurance Corporation (FDIC). In 2011, J.P. Morgan produced record net income of $2.4 Billion and grew total deposits 21% from the prior year to $1.1 Trillion. Currently J.P. Morgan & Chase & Co. is ranked 16thth on the Fortune 500.

TENANT PROFILE

TENANT PROFILETENANT PROFILETENANT PROFILETENANT PROFILE



PopulationPopulationPopulationPopulation 3333----mi.mi.mi.mi. 5555----mimimimi 7777----mimimimi

Total Population 81,272 215,631 461,866 Total Households 27,926 76,145 161,636

IncomeIncomeIncomeIncome

Median Household Income $64,042 $63,456 $64,440 Average Household Income $71,224 $72,721 $73,732

DEMOGRAPHIC COMPARISON REPORT

DEMOGRAPHIC COMPARISON REPORTDEMOGRAPHIC COMPARISON REPORTDEMOGRAPHIC COMPARISON REPORTDEMOGRAPHIC COMPARISON REPORT

Country Club HillsCountry Club HillsCountry Club HillsCountry Club HillsChicago. Country Club Hills has a population of over 16,000. Country Club Hills Plaza was recently developed along 167anchored by the largest include Guitar Center, Radio Shack, Footlocker, Payless Shoes and GNC. Adjacent to the center is an AMC Loews Cineplex and Metro Self Storage. Country Club Hills has plans for a 500,000 square foot oretail stores, a 10,000 seat multihotel.

www.countryclubhills.org

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 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 popul

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, M

United Airlines. Chicago is a major hub for industry, telecommunications and

infrastructure and O'Hare International Airport is the second busiest airport in the



LOCATION OVERVIEW

LOCATION OVERVIEWLOCATION OVERVIEWLOCATION OVERVIEWLOCATION OVERVIEW

Country Club HillsCountry Club HillsCountry Club HillsCountry Club Hills is a located in Cook County, Illinois, 25 miles south of Downtown Chicago. Country Club Hills has a population of over 16,000. Country Club Hills Plaza was recently developed along 167th Street in Country Club Hills. The center is anchored by the largest Wal-Mart Supercenter in the Chicago MSA. Other retailers include Guitar Center, Radio Shack, Footlocker, Payless Shoes and GNC. Adjacent to the center is an AMC Loews Cineplex and Metro Self Storage. Country Club Hills has plans for a 500,000 square foot outlet center to be developed. The center will include retail stores, a 10,000 seat multi-purpose convention arena, and a water park resort

www.countryclubhills.org

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

enters based on people, business environment, market access, infrastructure and

is the most populous city in the Midwestern United States and the third most



is the third most populated metropolitan area in the United States with 9,580,567



companies, including Boeing, McDonald's, Motorola, Discover Financial Services and



LOCATION OVERVIEW

is a located in Cook County, Illinois, 25 miles south of Downtown Chicago. Country Club Hills has a population of over 16,000. Country Club Hills Plaza

Street in Country Club Hills. The center is Mart Supercenter in the Chicago MSA. Other retailers

include Guitar Center, Radio Shack, Footlocker, Payless Shoes and GNC. Adjacent to the center is an AMC Loews Cineplex and Metro Self Storage. Country Club Hills has

utlet center to be developed. The center will include purpose convention arena, and a water park resort

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

enters based on people, business environment, market access, infrastructure and

populous city in the Midwestern United States and the third most



ated metropolitan area in the United States with 9,580,567



otorola, Discover Financial Services and





666 Dundee Road Suite 1801 Northbrook, IL 60062

Randy Blankstein President 847.562.0003 [email protected]

Jimmy Goodman Partner 847.562.8500 [email protected]

CONTACT INFORMATION

CONTACT INFORMATIONCONTACT INFORMATIONCONTACT INFORMATIONCONTACT INFORMATION

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