united states postal service...united states postal service, franklin park, il 5 mile radius 3 mile...

UNITED STATES POSTAL SERVICEOffering Memorandum // 9760 Franklin Ave, Franklin Park, ILtouchstone

C O M M E R C I A L P A R T N E R S

415.539.1106 | harrison@tcpre.comJAMIE HARRISON

9760 FRANKLIN AVENUE, FRANKLIN PARK, IL 60131

INVESTMENT SUMMARY & OFFERING SUMMARY .......................... 3INVESTMENT HIGHLIGHTS ........................................................... 4FINANCIAL OVERVIEW ................................................................. 5LOCATION OVERVIEW................................................................6-7FRANKLIN PARK DEMOGRAPHICS ................................................. 8AERIAL OVERVIEW ...................................................................... 9TENANT OVERVIEW ................................................................... 10

The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable. Touchstone Commercial Partners however makes no guarantee, representation or warranty, expressed or implied, about the accuracy or completeness of the information provided. All buyers must conduct full due diligence and independently verify the accuracy and completeness of the information contained herein and bear all risk for any inaccuracies. Touchstone Commercial Partners encourages all interested buyers to seek advice from tax, financial and legal advisors before making any real estate purchase and transaction.

JAMIE HARRISON(415) 539-1106harrison@tcpre.comCA Lic. # 01364847

Exclusively Listed By

TENANT United States Postal Service

ADDRESS 9760 Franklin Avenue, Franklin Park, IL 60131

RENT PSF $12.50 / Square Foot

LEASE TYPEUSPS Maintenance Rider(USPS responsible for the Roof)USPS Tax Reimbursement Rider

LEASE TERM June 1, 2017 - May 31,2022

OPTION None

TERMINATION None

INVESTMENT SUMMARYUnited States Postal Service, Franklin Park, IL

Touchstone Commercial Partners is pleased to offer for sale the vital main post office in Franklin Park, IL. The USPS has been at this location since it was built for them in 1961 and has a lease that currently runs through May 2022 at the under-market rental rate of $147,252 per annum.

The property is in phenomenal condition, which is highlighted by the fact that the USPS was willing to take over just about all property maintenance when they signed their latest lease in 2012. Not only does the USPS lease this parcel, but they also lease 40,000 square feet of parking in front of the location from the Village of Franklin Park for $1 per year. This ends up being a win/win situation as the Village has its centrally located post office servicing the community, and the USPS gets a sweetheart deal for additional customer parking. The parcel also includes gated parking in the rear of the facility for all employees and delivery trucks.

The USPS currently runs 16 delivery routess from this facility, which is a staggering amount. As of 2019, they had 53 employees at this facility.

OFFERING SUMMARY

CALL FORPRICING GUIDANCE

+/- 11,780 SFBuilding Size

+/- 25,627 SFParcel Size

NNNLease Type

16Delivery Routes

1961Year Built

3415.539.1106 | harrison@tcpre.comJAMIE HARRISON

4415.539.1106 | harrison@tcpre.comJAMIE HARRISON

INVESTMENT HIGHLIGHTSUnited States Postal Service, Franklin Park, IL

RARE OPPORTUNITYBuild To Suit +/- 11,780 Square Foot Main Post Office in Franklin Park, Illinois.

UPSIDE POTENTIALUSPS needs this location with no other viable locations within Franklin Park. Great opportunity to increase the rental rate in 2022.

FANTASTIC POSTAL INTRINSICSSixteen (16) delivery routes to over7,300 addresses + 266 PO Boxes rented.

The USPS rents an additional 40,000 of parking from the Village of Franklin Park for $1 per year, adding to their necessity to stay at this location.

PARCEL OVERVIEWUnited States Postal Service, Franklin Park, IL

The USPS rents an additional 40,000 of parking from the Village of Franklin Park for $1 per year, adding to their necessity to stay at this location.

Additional Parcels Leased to USPS by the Village of Franklin Park

USPS Leased Building & Parcel

USPS PARCEL+/- 25,627 Square Feet

5415.539.1106 | harrison@tcpre.comJAMIE HARRISON

ADDITIONAL PARCELS+/- 40,000 Square Feet

6415.539.1106 | harrison@tcpre.comJAMIE HARRISON

FINANCIAL OVERVIEWUnited States Postal Service, Franklin Park, IL

TENANT SF LEASED START DATE END DATE YEARLY rent MONTHLY RENT YEARLY RENT/SF

USPS 11,780 SF June 2017 May 2022 $147,252 $12,271 $12.50

Option Periods (None)

Yearly Budget

Property Taxes ReimbursedInsurance $4,025.98Maintenance $0

Net operating incomeGross Income $147,252Expenses $4,026NOI $143,226

7415.539.1106 | harrison@tcpre.comJAMIE HARRISON

LOCATION OVERVIEWUnited States Postal Service, Franklin Park, IL

CHICAGO, IL17 miles (30 min drive)from subject property

O’HARE INT. AIRPORT4.6 miles (9 min drive)from subject property

Franklin ParkILLINOIS

9 Minutes toO’HARE

30 Minutes toO’HARE

30 Minutes toCHICAGO

39 Minutes toCHICAGO

8415.539.1106 | harrison@tcpre.comJAMIE HARRISON

LOCATION OVERVIEWUnited States Postal Service, Franklin Park, IL

6 MIN

Franklin Park Station9 Stops (39 min) to Chicago

Franklin Avenue

Calwagmer Street

9415.539.1106 | harrison@tcpre.comJAMIE HARRISON

1 MILE 3 MILE 5 MILE

POPULATIONEstimated Population (2020) 18,724 122,428 411,928

HOUSEHOLDSProjected Households (2025) 6,470 43,575 150,651

AVERAGE HOUSEHOLD INCOMEEstimated Average Household Income (2020) $82,663 $77,817 $99,689

DEMOGRAPHICSUnited States Postal Service, Franklin Park, IL

5 MILE RADIUS

3 MILE RADIUS

10 MILE RADIUS

POPULATION INCOME

1,990,860HOUSEHOLDS

753,149 $99,481

10 MILE RADIUS

10415.539.1106 | harrison@tcpre.comJAMIE HARRISON

AERIAL OVERVIEWUnited States Postal Service, Franklin Park, IL

RUBY STREET

FRANKLIN AVENUE

11415.539.1106 | harrison@tcpre.comJAMIE HARRISON

The United States Postal Service employs some 617,000 workers, making it the third-largest civilian employer in the United States behind the federal government and Wal-Mart. In a 2006 U.S. Supreme Court decision, the Court noted: “Each day, according to the Government’s submissions here, the United States Postal Service delivers some 660 million pieces of mail to as many as 142 million delivery points.” As of 2014, the USPS operates 31,000 post offices and locations in the U.S., and delivers 155 billion pieces of mail annually.

In October 2016, the Postal Service released Future Ready, a five-year plan required by law starting in 1993. The plan outlines the Postal Service’s goals for the next five years.

1. Deliver a world-class customer experience.2. Equip, empower, and engage employees.3. Innovate faster to deliver value.4. Invest in our future platforms.

TENANT OVERVIEWUnited States Postal Service, Franklin Park, IL

Touchstone Commercial Partners presents 9760 Franklin Avenue, Franklin Park, IL 60131 (“Property”) for your acquisition. Touchstone Commercial Partners and owner provides the material presented herein without representation or warranty. A substantial portion of information was obtained from sources other than actual knowledge and not all sources can be absolutely confirmed. Moreover, all information is subject to changes by the parties involved as to price or terms before sale, to withdrawal of the Property from the market, and to other events beyond the control of Touchstone Commercial Partners or owner. No representation is made as to the value of this possible investment other than hypothetical scenarios. It is encouraged that you or any of your affiliates consult your business, tax and legal advisors before making a final determination of value or suitability of the Property for acquisition. As a condition of Touchstone Commercial Partners’ consent to communicate the information contained herein–as well as any information that may be communicated to you subsequently either verbally or in writing by Touchstone Commercial Partners, owner or agents of either of these parties regarding the Property–it is required that you agree to treat all such information confidentially.

JAMIE HARRISON415.539.1106harrison@tcpre.com CA DRE # 01364847

touchstoneC O M M E R C I A L P A R T N E R SCorp. Lic. 01112906www.tcpre.com

Broker of RecordPace Properties1401 South Brentwood Blvd, #900St. Louis, MO 63144jcpiapciak@paceproperties.com