single tenant-o'reilly-auto-for-sale
DESCRIPTION
The Boulder Group is pleased to exclusively market for sale a single tenant net leased corporately guaranteed O’Reilly Auto Parts property located within the Chicago MSA.TRANSCRIPT
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
O’Reilly Auto Parts854 Summit Street
Elgin, IL 60120 (Chicago MSA)
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
TABLE OF CONTENTS
TABLE OF CONTENTS
1) Confidentiality&Disclaimer
2) ExecutiveSummary
3) PropertyOverview
4) Aerial
5) SitePlan
6) Maps
7) TenantProfile
8) DemographicComparisonReport
9) LocationOverview
10) ContactInformation
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TheinformationcontainedinthefollowingOfferingMemorandumisproprietaryandstrictlyconfidential.ItisintendedtobereviewedonlybythepartyreceivingitfromTheBoulderGroupandshouldnotbemadeavailabletoanyotherpersonorentitywithoutthewrittenconsentofTheBoulderGroup.ThisOfferingMemorandumhasbeenpreparedtoprovidesummary,unverifiedinformationtoprospectivepurchasers,andtoestablishonlyapreliminarylevelofinterestinthesubjectproperty.Theinformationcontainedhereinisnotasubstituteforathoroughduediligenceinvestigation.TheBoulderGrouphasnotmadeanyinvestigation,andmakesnowarrantyorrepresentation.TheinformationcontainedinthisOfferingMemorandumhasbeenobtainedfromsourceswebelievetobereliable;however,TheBoulderGrouphasnotverified,andwillnotverify,anyoftheinformationcontainedherein,norhasTheBoulderGroupconductedanyinvestigationregardingthesemattersandmakesnowarrantyorrepresentationwhatsoeverregardingtheaccuracyorcompletenessoftheinformationprovided.Allpotentialbuyersmusttakeappropriatemeasurestoverifyalloftheinformationsetforthherein.
CONFIDENTIALITY & DISCLAIMER
CONFIDENTITALITY & DISCLAIMER
NET LEASED INVESTMENT OFFERING
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TheBoulderGroupispleasedtoexclusivelymarketforsaleasingletenantnetleasedcorporatelyguaranteedO’ReillyAutoPartspropertylocatedwithintheChicagoMSA.Thehighqualitybuildingwasconstructedin2008inadenselypopulatedarea.Theleasehasapproximatelynineyearsremainingandfeaturesa10%rentalescalationintheprimarytermandineachrenewaloptionperiod.O’ReillyAutoPartsisaninvestmentgraderatedtenant(S&P:BBB)andispubliclytraded(NASDAQ:ORLY)withamarketcapitalizationinexcessof$15.5billion.
The7,616squarefootretailbuildingwasconstructedin2008alongSummitStreet,aprimaryeast-westthoroughfareinthearea.Thesurroundingareaisdenselypopulatedwithover21,000peoplelivingwithinaonemileradiusoftheproperty.Additionally,thereareover185,000peoplelivingwithinafivemileradiusearningaverageannualhouseholdincomesofapproximately$80,000.ThepropertybenefitsfromitslocationadjacenttoaJewel-Oscogroceryanchoredshoppingcenter.Theproperty iscentrally locatedwithinastrongretailcorridorthatfeaturesWalgreens,SearsOutlet,ChaseBank,PNCBank,FifthThirdBank,andElginFreshMarket.AccesstoInterstate90islocatedapproximatelytwomilesnorthofthepropertyandInterstate90experiencestrafficcountsinexcessof103,000vehiclesperday.
O’ReillyAutoPartshasapproximatelynineyearsremainingontheirnetleasethatexpiresinFebruary2023.Theleasefeaturesa10%rentalescalationintheprimarytermandineachrenewaloptionperiod.O’ReillyAutoPartsisaninvestmentgraderatedtenant(S&P:BBB)andispubliclytraded(NASDAQ:BBB)withamarketcapitalizationinexcessof$15.5billion.
INVESTMENT HIGHLIGHTS
•LocatedwithintheChicagoMSA
•Investmentgraderatedtenant(S&P:BBB)
•10%rentalescalationintheprimarytermandrenewal optionperiod
•Denselypopulatedareawithover21,000peopleliving withinaonemileradius
•LocatedadjacenttoaJewel-Oscogroceryanchored shoppingcenter
•Locatedalongaprimaryeast-westthoroughfare
•Centrallylocatedinastrongretailcorridorthatfeatures Walgreens,SearsOutlet,ChaseBank,PNCBank,Fifth ThirdBankandElginFreshMarket
EXECUTIVE SUMMARY
EXECUTIVE SUMMARY
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PROPERTY OVERVIEW
PROPERTY OVERVIEW
Price: $2,523,529
CapRate: 6.80%
RentSchedule: NOI EscalationDate
$171,600$188,800 3/1/2018$207,680 3/1/2023(Option1)$228,400 3/1/2028(Option2)
RentalEscalations: 10%EveryFiveYears
RenewalOptions: Two5-Year
LeaseCommencementDate: February29,2008
LeaseExpirationDate: February28,2023
Tenant: O’ReillyAutoParts
Credit: InvestmentGrade(S&P:BBB)
YearBuilt: 2008
LeaseType: NN(Structure,Parking,HVAC)*
BuildingSize: 7,616SF
LandSize: 33,290SF
*Roof has a 20 year warranty with 14 years remaining
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AERIAL
AERIAL
SUMMIT STREET
LORDS PARK
LORDS PARKELEMENTARY SCHOOL
N
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SITE PLAN
SITE PLAN
SUMMIT ROAD
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MAPS
MAPS
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O’Reilly Automotive, Inc., togetherwith itssubsidiaries, isengaged in the retailofautomotiveaftermarketparts, tools, supplies, equipment, and accessories in the United States. The company provides new andremanufacturedautomotivehardparts,includingalternators,starters,fuelpumps,waterpumps,brakesystemcomponents, batteries, belts, hoses, temperature controls, chassis parts, and engine parts;maintenanceitemscomprisingoil,antifreezeproducts,fluids,filters,wiperblades,lightingproducts,engineadditives,andappearanceproducts;andaccessories,suchasfloormats,seatcovers,andtruckaccessories.Itsstoresofferautobodypaintandrelatedmaterials,automotivetools,andprofessionalserviceproviderserviceequipment.Itsstoresprovidedo-it-yourselfandprofessionalserviceprovidercustomersaselectionofbrandname,housebrands,andprivatelabelproductsfordomesticandimportedautomobiles,vans,andtrucks.AsofDecember31,2013,thecompanyoperated4,166storesin42states.O’ReillyAutomotive,Inc.wasfoundedin1957andisheadquarteredinSpringfield,Missouri.
O’ReillyAutoPartsispubliclytradedontheNASDAQ(ORLY)andhasamarketcapitalizationinexcessof$15.5billion.O’Reilly’sisaninvestmentgraderatedcompanywithaStandard&Poor’sratingofBBB.
Website: www.oreillyauto.comCreditRating: InvestmentGrade(S&P:BBB)StockSymbol: ORLY(NASDAQ)MarketCapitalization: $15.5billionNumberofLocations: 4,166+Headquarters: Springfield,MO
TENANT PROFILE
TENANT PROFILE
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DEMOGRAPHIC COMPARISON REPORT
DEMOGRAPHIC COMPARISON REPORT
Population 1-mi 3-mi 5-mi
TotalPopulation 21,430 87,361 185,572TotalHouseholds 6,548 27,562 61,661
Income
MedianHouseholdIncome $55,320 $55,220 $62,842AverageHouseholdIncome $69,404 $70,047 $79,891
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ElginisacitylocatedinbothCookandKanecountiesinthenorthernpartofIllinoisapproximately35milesnorthwestofdowntownChicago.Asof2013,thecityhadapopulationof110,145,makingittheeighth-largest city in Illinois. Elgin has three stations onMetra’sMilwaukeeDistrict/West Line,whichprovidesdailyrailservicebetweenElginandChicago,Illinois.Additionally,ElginisservedbyInterstate90whichleadstodowntownChicago.
www.cityofelgin.org
Chicago is themostpopulous city in theMidwesternUnitedStatesand the thirdmostpopulous cityintheUnitedStateswith2,700,000residents.ChicagoisthecountyseatofCookCounty,thesecondlargestcountyintheUnitedStates.TheChicagoMSAisthethirdmostpopulatedmetropolitanareaintheUnitedStateswith9,580,567residents.TheMSAcoversover1,300squaremilesandsixcounties.TheChicagometropolitanareaishometothecorporateheadquartersof57Fortune1000companies,includingBoeing,McDonald’s,Motorola,DiscoverFinancialServicesandUnitedAirlines.Chicago isa
majorhub for industry, telecommunicationsand infrastructureandO’Hare InternationalAirport is the secondbusiestairportintheworldintermsofvolume.
ThemetroisamajorfinancialcenterinNorthAmerica,andishometothelargestfuturesexchangeintheUnitedStates,theCMEGroup.ChicagoisthirdintheworldontheGlobalFinancialCentersIndexwhichranksthecompetitivenessoffinancialcentersbasedonpeople,businessenvironment,marketaccess,infrastructureandgeneralcompetitiveness.
www.cityofchicago.org
LOCATION OVERVIEW
LOCATION OVERVIEW
NET LEASED INVESTMENT OFFERING
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CONTACT INFORMATION
CONTACT INFORMATION
666DundeeRoad,Suite1801Northbrook,IL60062
Randy [email protected]
Jimmy [email protected]