Net Lease Walmart Ground Lease for Sale

Download Net Lease Walmart Ground Lease for Sale

Post on 19-Jan-2016

11 views

Category:

Documents

0 download

Embed Size (px)

DESCRIPTION

Walmart for sale by The Boulder Group

TRANSCRIPT

  • 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) TenantProfile

    8) Demographic Comparison Report

    9) Location Overview

    10) Contact Information

    TABLE OF CONTENTS

    TABLE OF CONTENTS

  • NET LEASED INVESTMENT OFFERING

    www.bouldergroup.com

    TheinformationcontainedinthefollowingOfferingMemorandumisproprietaryandstrictlyconfidential.Itisintendedtobe reviewed only by the party receiving it from The Boulder Group and should not be made available to any other person orentitywithoutthewrittenconsentofTheBoulderGroup.ThisOfferingMemorandumhasbeenpreparedtoprovidesummary,unverifiedinformationtoprospectivepurchasers,andtoestablishonlyapreliminarylevelofinterestinthesubjectproperty.Theinformationcontainedhereinisnotasubstituteforathoroughduediligenceinvestigation.TheBoulderGrouphasnotmadeanyinvestigation,andmakesnowarrantyorrepresentation.Theinformationcontainedin this Offering Memorandum has been obtained from sources we believe to be reliable; however, The Boulder Group hasnotverified,andwillnotverify,anyoftheinformationcontainedherein,norhasTheBoulderGroupconductedanyinvestigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy orcompletenessoftheinformationprovided.Allpotentialbuyersmusttakeappropriatemeasurestoverifyalloftheinformationsetforthherein.

    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 intheChicagoMSA.The132,695squarefootbuildingislocatedona9.82acreparcelwithinadominantretaildestination. TheWalmart anchorsPointePlaza, a330,000 square foot development located in anaffluentareanorthofChicago.Walmarthasapproximately tenyearsof lease termremainingon theirground leasethatexpiresinMarch2024.Theleasefeaturesrentalescalationsineachoftheseven10-yearrenewaloptionperiods.Walmart isapublicly tradedcompany (NYSE:WMT)withamarketcapitalization inexcessof$240billionandisaninvestmentgraderatedcompany(S&P:AA).

    TheWalmart property is locatedwithin anaffluent area just north ofChicago. Averagehousehold incomeswithinaonemile radiusare inexcessof$107,000annually.Additionally, thereareapproximately700,000peoplelivingwithinfivemilesearningaveragehouseholdincomesinexcessof$80,000peryear.ThepropertyislocatedalongWestTouhyAvenue,aheavilytraffickedeast-westthoroughfarethatexperiencestrafficcountsinexcessof35,000vehiclesperday.ThepropertyislocatedlessthanonemilefromafullinterchangewithInterstate94,whichexperiencestrafficcountsinexcessof153,000vehiclesperday.Theimmediateareaisdenseprovidingforhighbarrierstoentry.

    TheWalmartiswelllocatedwithinoneofthedominantretaildestinationsofChicagosnorthernsuburbs.TheWalmartanchorsPointePlaza,a330,000squarefootdevelopmentthatalsofeaturesRossDressForLess,Walgreens,FreshFarms InternationalMarket,DressBarnandBabiesRUs.Directlyacross thestreet fromPointePlazaisVillageCrossing,a450,000squarefootdevelopmentthatfeaturesDicksSportingGoods,AMCTheaters,BestBuy,Michaels,BedBath&Beyondandmanyothernationalretailers.Jewel-OscoisalsolocatedacrossthestreetfromtheWalmart.OthernotableretailersintheimmediatevicinityalongWestTouhyAvenueincludeTargetandCostco.Thisisa24hourlocationandWalmarthasalongstandingoperatinghistorysince2000.TheclosestWalmartpropertyislocated5.8milesaway.Withconvenientinterstateaccessandalargevarietyofstrongretailers,thiscorridorhastheuniqueadvantageofdrawingconsumersfromboththecityandsuburbs.

    Walmart has approximately 10 years remaining on their original twenty-fiveyeargroundleasethatexpiresinMarch2024.Theleasefeaturesseven10-yearrenewaloptionswitha10%rentalescalationinthefirstoptionand5%rentalescalationsineachremaining renewal option period. Walmart is an investmentgrade rated company (S&P:AA) and is publicly traded (NYSE:WMT)with amarket capitalization in excess of $240million.Walmart is the largest company in the world by both number of employeesandrevenue.

    EXECUTIVE SUMMARY

    EXECUTIVE SUMMARY

  • NET LEASED INVESTMENT OFFERING

    www.bouldergroup.com

    2

    LocatedwithintheChicagoMSAjustnorthofthecitylimits

    ExtremelyrareopportunitytoacquireasingletenantWalmartpropertylocatedinatopMSA

    24hourlocationwithalongoperatinghistoryatthislocation(since2000)

    Walmartisinvestmentgrade(S&P:AA)andisthelargestcompanyintheworld

    Longtermgroundleasewithapproximately10yearsremaining

    10%rentalescalationinthefirstrenewaloptionand5%intheremainingoptions

    Nolandlordresponsibilities

    LocatedwithinadominantretaildestinationthatfeaturesCostco,Target,AMCTheaters,Jewel-Osco, and many others

    WestTouhyAvenueisaprimaryeast-westthoroughfarewithtrafficcountsinexcessof35,000vehicles per day

    LocatedlessthanonemilefromaccesstoInterstate94whichexperiencestrafficcountsinexcessof 153,000 vehicles per day

    Affluentareawithhouseholdincomesinexcessof$107,000annuallywithinaonemileradius

    Opportunitytoown9.8acresinadenseinfillareaofChicagoland

    INVESTMENT HIGHLIGHTS

    INVESTMENT HIGHLIGHTS

  • NET LEASED INVESTMENT OFFERING

    www.bouldergroup.com

    3

    PROPERTY OVERVIEW

    PROPERTY OVERVIEW

    Price: $9,966,063

    CapRate: 4.75%

    Tenant: Walmart

    CreditRating: AA(S&P)

    RentSchedule: NOI Escalation Date

    $473,388

    $520,726 3/1/24(Option1)

    $546,763 3/1/34(Option2)

    $574,101 3/1/44(Option3)

    $602,806 3/1/54(Option4)

    $632,946 3/1/64(Option5)

    $664,594 3/1/74(Option6)

    $697,823 3/1/84(Option7)

    RenewalOptions: Seven10-Year

    RentCommencementDate: March 1, 1999

    RentExpirationDate: February29,2024

    YearBuilt: 2000

    LeaseType: Ground Lease

    SquareFeet: 132,695SF

    LandSize: 9.82acres

  • NET LEASED INVESTMENT OFFERING

    www.bouldergroup.com

    4

    AERIAL

    AERIAL

    N

    153,000 VPD

    35,000 VPDW. TOUHY AVENUE

    94

  • NET LEASED INVESTMENT OFFERING

    www.bouldergroup.com

    5

    SITE PLAN

    SITE PLANTO

    UHY

    AVEN

    UE

    CENTRAL AVENUE

    SUBJECT OFFERING

    JARV

    IS S

    TREE

    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 oflargediscountdepartmentstoresandwarehousestores.AccordingtotheFortuneGlobal500listin2014,Walmart is the biggest private employer in the world with over two million employees, and the largest retailer in theworld.Walmartremainsafamily-ownedbusiness,asthecompanyiscontrolledbytheWaltonfamily,whoownover50percentofWalmartthroughtheirholdingcompany,WaltonEnterprises.Itisalsooneoftheworldsmostvaluablecompanies.Additionally,WalmartisthelargestgroceryretailerintheUnitedStates.WalmartisheadquarteredinBentonville,Arkanasas.

    Website: www.walmart.comCreditRating: S&P:AAStockSymbol: NYSE:WMTNumberofLocations: 11,003MarketCapitalization: $243billionHeadquarters: Bentonville,AR

    TENANT PROFILE

    TENANT PROFILE

  • NET LEASED INVESTMENT OFFERING

    www.bouldergroup.com

    8

    Population 1-mi 3-mi 5-mi

    Total Population 12,461 181,228 689,160Total Households 4,529 69,428 257,382

    Income

    Median Household Income $84,354 $64,565 $57,499Average Household Income $107,017 $85,561 $80,075

    DEMOGRAPHIC COMPARISON REPORT

    DEMOGRAPHIC COMPARISON REPORT

  • NET LEASED INVESTMENT OFFERING

    www.bouldergroup.com

    9

    Niles isavillageinCookCounty,Illinoiswithapopulationof29,803people.NilesisadjacenttoChicago to the south, Skokie to the east, Morton Grove to the northeast, Glenview to the north, andParkRidge&unincorporatedCookCountytothewest.ThetowniscenteredalongMilwaukeeAvenuewhichformsamainarterydiagonallythroughthetownonanorthwest-southeastbearing.Grainger(NYSE:GWW),whohastheircorporateheadquartersinnearbyLakeForest,isthelargestemployerwithover850employeesworkinginNiles.

    Chicago isthemostpopulouscityintheMidwesternUnitedStatesandthethirdmostpopulouscityintheUnitedStateswith2,700,000residents.ChicagoisthecountyseatofCookCounty,thesecondlargestcounty in theUnitedStates.TheChicagoMSA is thethirdmostpopulatedmetropolitanareaintheUnitedStateswith9,580,567residents.TheMSAcoversover1,300squaremilesandsixcounties.TheChicagometropolitanareaishometothecorporateheadquartersof57Fortune1000companies,includingBoeing,McDonalds,Motorola,DiscoverFinancialServicesandUnited

    Airlines.Chicagoisamajorhubforindustry,telecommunicationsandinfrastructureandOHareInternationalAirportisthesecondbusiestairportintheworldintermsoftrafficmovement.

    ThemetroisalsoamajorfinancialcenterinNorthAmerica,andishometothelargestfuturesexchangeintheUnitedStates,theCMEGroup.ChicagoisthirdintheworldontheGlobalFinancialCentersIndexwhichranksthecompetitivenessoffinancialcentersbasedonpeople,businessenvironment,marketaccess,infrastructureandgeneralcompetitiveness.ThecityhasalsobeenratedashavingthemostbalancedeconomyintheUnitedStates,duetoitshighlevelofdiversity.

    www.cityofchicago.org

    LOCATION OVERVIEW

    LOCATION OVERVIEW

  • NET LEASED INVESTMENT OFFERING

    www.bouldergroup.com

    10

    CONTACT INFORMATION

    CONTACT INFORMATION

    666 Dundee Road, Suite 1801Northbrook,IL60062

    Ran

Recommended

View more >