Corporate Net Leased Pad to Target Anchored Center in Dominant Retail Trade Area in Greater Chicago1601-1605 IL-50, Bradley, IL 60914

chipotle & mattress firm

Click for Map [ www.CapitalPacific.com ]

corporately backed leases

offered as part of a portfolio: click here for adjacent property

CLiCk

foR DRoNe fLiGhT viDeo

CHIPOTLE & MATTRESS FIRM | 2

RentaBLe SF . . . . . . . . . . . 7,300 SF

PRICe PeR SF . . . . . . . . . . $552 .06

yeaR BuILt . . . . . . . . . . . 2016

PRICE: $4,030,000CAP: 6.50%

HIgH IdEntIty tARgEt OutPARCEl FEAtuRIng CORPORAtE lEAsEs FROm CHIPOtlE & mAttREss FIRm. IdEAlly lOCAtEd AlOng tHE PRImARy REtAIl CORRIdOR OF BRAdlEy, Il

The subject property is located in a thriving retail node along heavily-trafficked North Kinzie Avenue (IL Rte 50), in Bradley, IL, a dynamic community located approximately fifty-five miles from downtown Chicago .

Bradley’s economy and population feature a healthy mix of local industry and Chicago commuters, with an average household income within a 1-mile range in excess of $71,000 per year (well above the national average) .

In addition to the subject property, the center includes a three-tenant retail building adjacent to the subject property . Each lease for the center features ten years of primary term and attractive rent increases . Please click here for adjacent property OM .

investment highlights

Listing Team Contact info

Capital Pacific collaborates . Click Here to meet the rest of our San Francisco team .

chris kostaneckick@capitalpacific .com | (415) 274-2701CA BRE# 01002010

zeb ripplezripple@capitalpacific .com | (415) 274-2702CA BRE# 01242540

chris peterscpeters@capitalpacific .com | (415) 274-2703CA BRE# 01339983

jack navarrajnavarra@capitalpacific .com | (415) 274-2705CA BRE# 01909630

In conjunction with IL Licensed Broker:Keeler Real Estate, LLC | (312) 263-1010

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

CHIPOTLE & MATTRESS FIRM | 3

core characteristicsAn approximately 7,300 square foot freestanding building, the subject property features 10-year corporate leases from Chipotle Mexican Grill and Mattress Firm . This offering represents an opportunity for an investor to acquire an asset with the combination of strong credit, long-term leases, and attractive rent increases .

Also offered for sale is the neighboring three-tenant property . The adjacent parcel consists of a 6,200 square feet and leased to corporate Five Guys Burgers and Fries, Lacey’s Place, and a top performing Firehouse Subs . Please click here for a link to the OM including more information on the adjacent parcel .

Lease HigHLigHts• Both tenants feature 10-year net leases• 10% increases every 5 years in primary term and options• Both leases feature corporate signatures

HigH identity Location witH curb appeaLThe subject property is a pad to Water Tower Plaza, a Target anchored shopping center, and enjoys excellent visibility and access due to its location at the immediate signalized intersection entrance to the center . The high quality and attractive improvements are prominently featured by the center’s excellent visibility from the trade area’s premier thoroughfare . The center is directly across the street from the Northfield Square Mall, which features a newly renovated (2016) Cinemark 10-screen movie theater, Best Buy, Sears, JC Penny, Panera Bread, Red Lobster, Holiday Inn, Fairfield Inn, and a host of other complimentary service and retail drivers .

eXceLLent retaiL MarKetBradley is the principal city of the Kankakee-Bradley MSA, which includes all of Kankakee County, a population of over 116,000 . The village of Bradley supports a primarily white collar workforce, with over 49% of its working population in office related jobs . The balance of the workforce is rounded out with both service and retail focused employment .

Bradley is home to two universities, Olivet Nazarene and Governors State, which have a combined student enrollment of over 14,000 annually . Located only 55 miles from Chicago, Bradley benefits from its excellent proximity to the nation’s 4th most populous city, 2 international airports (O’Hare and Midway), and an incredibly diverse regional economy including tourism, manufacturing, finance, sporting events, higher education, and art .

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

corporate 10-year leases

CHIPOTLE & MATTRESS FIRM | 4

aerial Located amongst BradLey’s densest concentration of nationaL retaiLers

e 400n Road

n 300e Roade300n Road

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chicago

Bradley Square

Northfield Mall

Lacey’s PLace

water tower PLaza

26,000 da

iLy

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

CHIPOTLE & MATTRESS FIRM | 5

CHIPOTLE & MATTRESS FIRM | 6

PLease cLick here for adjacent ProPerty om

subject property

CHIPOTLE & MATTRESS FIRM | 7

subject property

PLease cLick here for adjacent ProPerty om

CHIPOTLE & MATTRESS FIRM | 8

subject property

PLease cLick here for adjacent ProPerty om

CHIPOTLE & MATTRESS FIRM | 9

sUrroUnded By a dense

concentration of nationaL

retaiLers

surrounding retail [ adjacent property ]

CHIPOTLE & MATTRESS FIRM | 10

Currentprice: $4,030,000

capitalization rate: 6.50%

price per square Foot: $552.05Total Leased (SF): 100 .00% 7,300

Total Vacant (SF): 0 .00% 0 Total Rentable Area (SF): 100 .00% 7,300

iNCoMe Per Square footScheduled Rent $35 .99 $262,700Expense Reimbursement $7 .71 $56,256

effeCTive GRoSS iNCoMe $318,956

eXPeNSeCAM ($4 .17) ($30,411)Insurance ($0 .80) ($5,875)Property Taxes ($1 .91) ($13,938)Management Fee & Admin ($0 .83) ($6,083)Capital Expenditure Reserve ($0 .10) ($730)

ToTAL oPeRATiNG eXPeNSeS ($7.81) ($57,037)

NeT oPeRATiNG iNCoMe $261,919

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

income & expense

CHIPOTLE & MATTRESS FIRM | 11

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

rent roll

TeNANT iNfo LeASe TeRMS ReNT SUMMARY

tenant sq. Ft. percent of gLa term Monthly

rentannual

rent rent/Ft

Chipotle 2,300 31 .51% 09/25/16 09/30/21 $6,996 $83,950 $36 .50

10/01/21 09/30/26 $7,695 $92,345 $40 .15

Option 1 10/01/26 09/30/31 $8,466 $101,591 $44 .17

Option 2 10/01/31 09/30/36 $978 $11,734 $5 .10

Option 3 10/01/36 09/30/41 $10,243 $122,912 $53 .44

Option 4 10/01/41 09/30/46 $11,266 $135,194 $58 .78

Mattress Firm 5,000 68 .49% 09/01/16 09/30/21 $14,896 $178,750 $35 .75

10/01/21 09/30/26 $16,388 $196,650 $39 .33

Option 1 10/01/26 09/30/31 $18,025 $216,300 $43 .26

Option 2 10/01/31 09/30/36 $19,829 $237,950 $47 .59

Option 3 10/01/36 09/30/41 $21,813 $261,750 $52 .35

occupied 7,300 100.00% $21,892 $262,700 $35.99

Vacant 0 0.00%

current totals: 7,300 100.00%

CHIPOTLE & MATTRESS FIRM | 12

site plan

SIte PLan Key

PARCEL OuTLINE:

BuILdING AREA: 7,300 SF

INGRESS/EGRESS:

26,0

00 D

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Ken Hayes Drive

Brad

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edw

ard

Driv

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entRanCe FOR water tower PLaza

Lacey’s PLace

PyLOn SIGn

adjacent property for sale. click here for om

This site plan is a rendering that has been created based on sources we believe to be reliable, however we make no representations or warranties, expressed or implied, as to the accuracy of the rendering. Buyer must verify the information and bears all risk for any inaccuracies. CHIPOTLE & MATTRESS FIRM | 13

tenants

Chipotle was ranked #20 on Forbes list of the World’s Most Innovative Companies in 2014 . The company has over 1,724 locations, with restaurants in 43 states, the district of Columbia, Canada, England, Germany and France . Chipotle restaurants are company-owned rather than franchised, and they have over 45,340 employees .

Chipotle went public on the New York Stock Exchange in 2006, and the stock rose exactly 100% on the first day, resulting in the best u .S .-based IPO in six years, and the second-best IPO for a restaurant after Boston Market . In 2015, the net income was $475 .6 million and the total revenue was $4 .50 billion a 6 .8% and 9% increase from 2014 respectively .

cHipotLeMattress Firm currently operates over 3,546 locations across 48 states nationwide, making it the largest bedding retailer in the country, with estimated fiscal 2016 sales of approximately $4 billion . Mattress Firm offers conventional mattresses, specialty mattresses, including viscoleastic foam mattresses and YuMe sleep system (a revolutionary sleep system made of foam produced from coconut oil), and bedding related accessories (bed frames, mattress pads, pillows) . The stores carry a broad assortment of national mattress brands and exclusive brands . In 2011, Mattress Firm Holding Corp went public and has shown very strong sales and profit growth since .

Mattress FirM

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

CHIPOTLE & MATTRESS FIRM | 14

2016 hoUsehoLd incomes

PoPULation

toP emPLoyers in kankakee coUnty, iL

demographics & map

Riverside HealthcareShapiro developmental CenterProvena St . Mary’s HospitalCIGNA HealthcareBaker & Taylor Co .Sears Logistics ServicesCSL BehringK-Mart distribution Center

BradLey

1 hoUr55 miLes

CHIPOtLe & MattReSS FIRM LOCatIOn

ReGIOnaL MaP

CHIPOtLe &MattReSS FIRM

26,0

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chicago

1-Mile 3-Mile 5-Mile

2010 4,312 37,439 72,2222016 4,392 37,284 71,4112021 4,393 36,836 70,318

1-Mile 3-Mile 5-Mile

Average $71,306 $69,358 $62,401Median $60,575 $53,897 $47,096

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

CHIPOTLE & MATTRESS FIRM | 15

bradley, il

Bradley is a village in Kankakee County, IL, that is home to nearly 16,000 people . The communities largest industries include accommodation and food services, healthcare, manufacturing, and retail trade . Bradley is home to 1 .6 million square feet of retail space and nine major retail centers . The largest centers include Bradley Commons Regional Mall, Northfield Square Mall, Water Tower Plaza, and Village Square Shopping Center, all of which range from 175,000 to 537,186 square feet . Bradley also has four retail properties currently in its construction pipeline including a 100,000 square foot power center . While Bradley supports its own economy, over 25% of its population travels at least 30 minutes to work in the outskirts of the Chicago MSA . Bradley is also a hub of education as the home of Olivet Nazarene university (6,000 students) and Governers State university (8,000 students) .

overview

nearBy traffic drivers

• Bradley is located just an hour south of Chicago, the third most populous city in the country with 2 .7 million residents and over 60 million tourists annually .

• Located just 64 miles from the subject property, the Chicago O’Hare International Airport is the fourth busiest airport in the world, serving an estimated 76 .9 million passengers in 2015 alone .

• Kankakee Airport is a privately owned public use airport, and the largest airport between the Chicago Midway Airport and Champaign Airport . It is located just 15 minutes from the subject property .

• Northfield Square Mall, less than a mile from the subject property, is the only enclosed regional mall in the area, serving a trade area population of more than 165,000 .

[ chicago, iL ]

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

CHIPOTLE & MATTRESS FIRM | 16

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jOHn anDReInI

jOe CaCCaMO

zanDy SMItH

Dave LuCaS

RICK SanneR

GReGG SteeLe

aaROn SuSMan

Capital Pacific collaborates . Click Here to meet the rest of our San Francisco team .

CHRIS KOStaneCKIck@capitalpacific .com | (415) 274-2701CA BRE# 01002010

zeB RIPPLezripple@capitalpacific .com | (415) 274-2702CA BRE# 01242540

CHRIS PeteRScpeters@capitalpacific .com | (415) 274-2703CA BRE# 01339983

jaCK navaRRajnavarra@capitalpacific .com | (415) 274-2705CA BRE# 01909630

In conjunction with IL Licensed Broker:Keeler Real Estate, LLC | (312) 263-1010