chatham , il goodwill plaza...chatham sits just 10 miles south of springfield, a 15 min drive....

G O O D W I L L P L A Z AChatham, IL

75 West Plummer Blvd, Chatham, IL 62629 (SPRINGFIELD, IL MSA)

FULLY LEASED TO GOODWILL | STAGGERED LEASES

JOSEPH BLATNER / (503) 200-2029 [email protected]

JEFF ROWLETT / (262) 364-1924 [email protected]

MATT FITZGERALD / (262) 364-1950 [email protected] www.MarcusMillichap.com

Steven Weinstock, IL Broker of RecordIL LIC: 471.011175

GOODWILL PLAZA - CHATHAM, IL :: 2

LEGAL DISCLAIMER

Marcus & Millichap hereby advises all prospective purchasers of Net Leased property as follows:The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Marcus & Millichap has not and will not verify any of this information, nor has Marcus & Millichap conducted any investigation regarding these matters. Marcus & Millichap makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided. As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. Marcus & Millichap expressly denies any obligation to conduct a due diligence examination of this Property for Buyer. Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a net leased property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors. Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any net leased property to determine to your satisfaction with the suitability of the property for your needs. Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal

and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property.

By accepting this Marketing Brochure you agree to release Marcus & Millichap Real Estate Investment Services and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this net leased property.

The information contained in this Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure 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. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap 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.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.


Goodwill Plaza is 100% occupied by Land of Lincoln Goodwill Industries on four different and staggered leases, executing different concepts for Goodwill in one location. These concepts include a traditional store, furniture store, boutique, and café.

The 28,250 SF retail center is located in Chatham, IL, a suburb of Springfield, the Illinois state capital.

INVESTMENT OVERVIEW

PRICE

$3,725,110

S P R I N G F I E L D M S A

1 0 0 % O C C U P I E D BY GOODWILL

CAP

8.50%

NET OPERATING INCOME . . . . $316,634

TOTAL SQUARE FEET . . . . . . . . 28,250 SF

PRICE PER SQUARE FOOT . . . . $132

AVERAGE RENT PER SF . . . . . . $11.10

YEAR BUILT . . . . . . . . . . . . . . . . 2013

LOT SIZE . . . . . . . . . . . . . . . . . . 3.15 Acres

OCCUPANCY . . . . . . . . . . . . . . . 100%


Goodwill Plaza is located just off Main Street (Route 4), with over 16,900 VPD and sits across the street from Chatham’s largest shopping center, providing added traffic and visibility.

Goodwill’s 2016 Revenues were at $5.71 Billion. The company operates 3,200+ stores and an online

auction site.

: : LARGE TRADE AREA

:: EXCELLENT ACCESS & VISIBILITY

: : 100% OCCUPIED

INVESTMENT DETAILS

LOCATED ACROSS THE STREET FROM

CHATHAM’S LARGEST CENTER

GUARANTOR IS LAND OF LINCOLN GOODWILL INDUSTRIES

TOTAL OF 4 UNITS

ALL LEASED TO GOODWILL

Goodwill Plaza is a 28,250 SF retail center

located in Chatham, IL, a suburb of Springfield,

the state capital of Illinois.

The center is 100% occupied by Goodwill who

continued to expand and eventually took up the

entire center on a staggered lease schedule.

Chatham is located at the intersection of Illinois Route 4 and County Highway 40, approximately 4 miles south of exit 93 off Interstate-72 and 2 miles west of exit 88 off Interstate-55.

The city is just 10 miles south of Springfield, or 15 min drive. The average household income within a 3-mile radius of the center is $102,492.

PART OF THE SPRINGFIELD, IL MSA


R E N T R O L L

GOODWILL

Unit 196,500 SF 8/22/2013 7/31/2023 $71,370 8/1/2019 $75,725

(2) 10 Year Options

NNN

GOODWILL

Unit 215,850 SF 1/1/2014 12/31/2023 $64,233 1/1/2020 $68,153

(2) 10 Year Options

NNN

GOODWILL

Unit 1063,900 SF 9/1/2012 11/30/2021 $40,950 -- -- -- NNN

GOODWILL

Unit 11012,000 SF 10/1/2011 11/30/2021 $144,000 -- -- -- NNN

TENANT INFO

NAME / UNIT SQUARE FEET

LEASE TERMS

COMMENCEMENT EXPIRATION

CURRENT RENT

ANNUAL BASE RENT

RENT INCREASES

DATE OPTIONSANNUAL RENT TYPE

LEASE


I N C O M E & E X P E N S E S

SCHEDULED RENT $320,391

(+) EXPENSE REIMBURSEMENT $61,787

(=) GROSS POTENTIAL INCOME $382,178

(-) TOTAL OPERATING EXPENSES ($65,544)

CAM Expense $7,704

Tax Expense $52,276

Insurance Expense $5,564

(=) NET OPERATING INCOME $316,634(-) RESERVES ($2,825)

(-) DEBT SERVICE ($161,497)

(=) CASH FLOW $152,312

CASH ON CASH RETURN 11.68%

(-) PRINCIPAL REDUCTION ($53,638)

(=) TOTAL RETURN WITH PRINCIPAL REDUCTION $205,950

TOTAL CASH ON CASH WITH PRINCIPAL REDUCTION 15.80%


P H O T O


B I R D ’ S E Y E V I E W

: : 3 .15 ACRES LOT

L A R G E L O T

WITH AMPLE PARKING


PLUMMER BLVD

KO

UFA

X D

R

S I T E P L A N

Across the street from a

45,700 SF shopping center

on Plummer Blvd

Parcel outline not exact, buyer must verify

< >

< >

Pylon s ign


C L O S E - U P A E R I A L

< >

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N

Parcel outline not exact, buyer must verify

Illinois National Bank

FAMILY MEDICAL CENTER OF CHATHAM

PLUM

ME

R B

LVD

KOUFAX DR

GLENWOOD HIGH SCHOOL

GLENWOOD ELEMENTARY

SCHOOL

MAIN ST 16,900 CARS DAILY*


A E R I A L

N

MAIN ST

16,900 CARS DAILY*

Parcel outline not exact, buyer must verify * Costar 2015

4PLUMMER BLVD

KOUFAX DR


HOUSEHOLD INCOME

2016 AVERAGE

2016 MEDIAN

POPULATION

2010

2016

2021

D E M O S

:: WITHIN 3-MILE RADIUS

$ 1 0 2 , 4 9 2 A V G

H O U S E H O L D

I N C O M E S

< 1 Mile

5 Miles >

1 Mile 3 Miles 5 Miles

$97,063 $102,492 $99,313

$76,105 $80,966 $77,451

1 Mile 3 Miles 5 Miles

5,913 14,199 26,634

6,246 14,940 27,422

6,999 16,489 29,521

Company Name # of Employees

Meijer Inc 475

CCB Credit Services Inc 350

Scheels All Sports Inc 300

Healthcare Service Corporation 238

Human Services Illinois Dept 225

Wal-Mart Stores Inc 200

Simplex Inc 190

ServiceMaster Company LLC 180

Knights Action Park Inc 160

City of Springfield 150

Henson Robinson Company 150

Target Stores Inc 150

MAJOR AREA EMPLOYERS

GOODWILL

S P R I N G F I E L D


C H AT H A M , I L

CHATHAM

SPRINGFIELD

I L L I N O I S

M I S S O U R I

CHICAGO

DECATURJACKSONVILLE

DAVENPORT

ST LOUIS

Chatham is a village in Sangamon County, Illinois,

United States. It is located 2.8 miles south of Springfield

and has a retail trade area that extends into four other

municipalities, including Springfield.

: : PROXIMITY TO SPRINGFIELD, IL

Chatham sits just 10 miles South of Springfield, a 15

min drive. Springfield is the capital of the U.S. state

of Illinois and the county seat of Sangamon County.

Springfield is the largest city in central Illinois.

Abraham Lincoln lived in Springfield from 1837

until 1861, when he went to the White House as

President. Major tourist attractions include multiple

sites connected with Lincoln including his presidential

library and museum, his home from 1837 to 1861, and

his tomb at Oak Ridge Cemetery.

: : CENTRALLY LOCATED

Chatham is centrally located and within less then 5

hours of St Louis, Louisville, Indianapolis, Chicago &

Kansas City.

A B O U T

Cha tham, I L


T E N A N T O V E R V I E W

Goodwill Industries has been providing services in

the central Illinois area since 1938 and has steadily

grown in both scope of services offered as well as

geographically. In 1976 the organization changed

its name to Land of Lincoln Goodwill Industries

and today operates 13 retail stores and donation

centers; five Career Centers; a Youth Mentoring

program in Springfield, Jacksonville and Lincoln;

and vocational training for those with intellectual

disabilities in Springfield. Land of Lincoln Goodwill

Industries’ territory consists of 33 counties in Illinois

and four counties in Indiana.

ABOUT LAND OF LINCOLN GOODWILL INDUSTRIES


G O O D W I L L O V E R V I E W

Goodwill was founded in 1902 in Boston by Rev. Edgar J. Helms, a Methodist minister and early social innovator. Helms collected used household goods and clothing in wealthier areas of the city, then trained and hired those who were poor to mend and repair the used goods. The goods were then resold or were given to the people who repaired them.

The system worked, and the Goodwill philosophy of “Not Charity, but a Chance” was born. Dr. Helms’ vision set an early course for what today has become a $5.71 billion nonprofit organization.

: : G O O D W I L L’ S M I S S I O N

Goodwill works to enhance the dignity and quality of life of individuals and families by strengthening communities, eliminating barriers to opportunity, and helping people in need reach their full potential through learning and the power of work.

: : C R E AT I N G J O B S & O P P O R T U N I T I E S

Goodwills meet the needs of all job seekers, including programs for youth, seniors, veterans, and people with disabilities, criminal backgrounds and other specialized needs.

In 2016, Goodwill helped more than 313,000 people train for careers in industries such as banking, IT and health care, to name a few — and get the supporting services they needed to be successful — such as English language training, additional education, or access to transportation and child care.

Total 2016 revenue:

$5.7 1 billionRevenue spent directly on programs:

87%Total number of donors:

101 millionTotal number of retail stores:

More than 3,200 + an online auction site

ABOUT GOODWILL

G O O D W I L L P L A Z AChatham, IL

JOSEPH BLATNER / (503) 200-2029 [email protected]

JEFF ROWLETT / (262) 364-1924 [email protected]

MATT FITZGERALD / (262) 364-1950 [email protected] www.MarcusMillichap.com

Steven Weinstock, IL Broker of RecordIL LIC: 471.011175

chatham , il goodwill plaza...chatham sits just 10 miles south of springfield, a 15 min drive....

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