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NET LEASED INVESTMENT OFFERINGNET LEASED INVESTMENT OFFERINGNET LEASED INVESTMENT OFFERINGNET LEASED INVESTMENT OFFERING

David’s BridalDavid’s BridalDavid’s BridalDavid’s Bridal

5020 West 955020 West 955020 West 955020 West 95THTHTHTH StreetStreetStreetStreet Oak Lawn, IL 60453 (ChicagoOak Lawn, IL 60453 (ChicagoOak Lawn, IL 60453 (ChicagoOak Lawn, IL 60453 (Chicago MSA)MSA)MSA)MSA)

NET LEASED INVESTMENT OFFERING


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Confidentiality & Disclaimer

Executive Summary

Property Overview

Aerial

Site Plan

Map

Tenant Profile

Demographic Comparison Report

Location Overview

Contact Information

TABLE OF CONTENTS

TABLE OF CONTENTSTABLE OF CONTENTSTABLE OF CONTENTSTABLE OF CONTENTS



The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from The Boulder Group and should not be made available to any other person or entity without the written consent of The Boulder Group. This Offering Memorandum 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. The Boulder Group has not made any investigation, and makes no warranty or representation. The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable; however, The Boulder Group has not verified, and will not verify, any of the information contained herein, nor has The Boulder Group 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.

CONFIDENTIALITY & DISCLAIMER

CONCONCONCONFIDENTIALITY & DISCLAIMERFIDENTIALITY & DISCLAIMERFIDENTIALITY & DISCLAIMERFIDENTIALITY & DISCLAIMER



The Boulder Group is pleased to exclusively market for sale a single tenant net leased David’s Bridal property located in the Chicago MSA. The property benefits from its location in a dense infill area of the Chicago MSA and an above average parking ratio for retail buildings in Oak Lawn. The lease is corporately guaranteed by David’s Bridal, the largest bridal store chain in the United States. David’s Bridal is a privately owned and operated clothing store specializing in wedding dresses, prom gowns and other formal wear with over 300 locations in 45 states. The 10,000 square foot property was built in 2007 and has four years of lease term remaining. The lease features a 15% rental escalation in each renewal option.

The property is located along 95th Street, a primary thoroughfare in Oak Lawn, which experiences traffic volumes in excess of 39,000 vehicles per day. The property also benefits from its position across the street from the Oak Lawn Metra Station. The property is located two miles east from the Chicago Ridge regional mall, which is anchored by Sear’s, Kohl’s, Michaels, Bed Bath & Beyond and AMC Theaters. Additionally, the property is located in close proximity to a Home Depot, Target, Kmart and a Jewel-Osco grocery store. There are approximately 486,000 people living within five miles of the property. Overall retail vacancy in Oak Lawn is 6%, which is low compared to the entire Chicago MSA (8.7%). David’s Bridal is located in close proximity to the Advocate Christ Medical Center, Oak Lawn’s largest employer, which employs over 5,800 people.

David’s Bridal original lease term was for ten years with three 5-year renewal options and the lease expires in June 2017. The net operating income increases by 15% in each renewal option. David’s Bridal is a privately clothing store specializing in wedding dresses, prom gowns and other formal wear with over 300 locations in 45 states.

• Located within the Chicago MSA

• 15% rental escalation in each renewal option period

• Corporately guaranteed lease

• Dense area of the Chicago MSA with over 485,000 people living within five miles

• 95th Avenue has traffic volumes in excess of 39,000 vehicles per day

• Above average parking ratio for a retail building in Oak Lawn (6.2/1,000 SF)

• Other nearby retailers include Home Depot, Target, Kmart and Jewel-Osco

• David’s Bridal is the largest bridal store chain in the country

• Across the street from the Oak Lawn Metra Station

• Below average retail vacancy rate of 6.2% in Oak Lawn

INVESTMENT HIGHLIGHTS

EXECUTIVE SUMMARY

EXECUTIVE SUMMARYEXECUTIVE SUMMARYEXECUTIVE SUMMARYEXECUTIVE SUMMARY



Price: $3,503,185

Cap Rate: 7.85%

Rent Schedule: NOI Escalation Date

$ 275,000

$ 316,300 7/1/2018 (Option 1)

$ 363,800 7/1/2023 (Option 2)

$ 418,300 7/1/2028 (Option 3)

Renewal Options: Three 5-Year with escalations

Lease Commencement Date: July 1, 2007

Lease Expiration Date: June 30, 2017

Tenant: David’s Bridal

Year Built 2007

Lease Type: NN

Rentable Square Feet: 10,000 SF

Land Size: 32,234 SF

PROPERTY OVERVIEW

PROPERTY OVERVIEWPROPERTY OVERVIEWPROPERTY OVERVIEWPROPERTY OVERVIEW



AERIALAERIALAERIALAERIAL

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SITE PLANSITE PLANSITE PLANSITE PLAN

SITE PLAN



MAP

MAPMAPMAPMAP



Website: www.davidsbridal.com

Number of Locations: 300 +

Credit: Private

David’s Bridal is a privately owned and operated clothing store specializing in wedding dresses, prom gowns and

other formal wear. David’s Bridal is the largest American bridal-store chain operating more than 300 stores in 45

states, Canada and Puerto Rico. David’s Bridal was purchased by May Department Stores in 2000. May Department

Stores was acquired by Federated Department Stores, the parent company of Macy’s, in 2005. David’s Bridal stores

provide a broad assortment of designer wedding gowns, special occasion dresses and accessories at affordable

prices. David’s Bridal serves as a one stop shop for brides to purchase designer gowns at a fraction of the price.

Today one in four brides are dressed by David’s Bridal. David’s Bridal was founded in 1945 and is headquartered in

Conshohocken, Pennsylvania.

TENANT PROFILE

TENANT PROFILETENANT PROFILETENANT PROFILETENANT PROFILE



PopulationPopulationPopulationPopulation 1111----mi.mi.mi.mi. 3333----mimimimi 5555----mimimimi

Total Population 20,894 180,628 485,921 Total Households 8,061 64,438 168,507

IncomeIncomeIncomeIncome

Median Household Income $51,433 $53,616 $62,014 Average Household Income $66,224 $65,873 $64,070

DEMOGRAPHIC COMPARISON REPORT

DEMOGRAPHIC COMPARISON REPORTDEMOGRAPHIC COMPARISON REPORTDEMOGRAPHIC COMPARISON REPORTDEMOGRAPHIC COMPARISON REPORT

Oak Lawn Oak Lawn Oak Lawn Oak Lawn southwest of Chicago. At the time of the 2010 U.S. Census the population of Oak Lawn was 56,937. Oak Lawn is located within Cook County and part of the Chicago metropolitan area. At of 5,194,675.

Oak Lawn is the home of Advocate Christ Medical Center and Hope Children's Hospital, one of the most comprehensive providers of pediatric care in the state. The medical center is women’s services and emergency medicine. The Advocate Christ Medical Center, Oak Lawn’s largest employer, employs over 5,800 people.

www.oaklawn

The metro is also a major financial center in North America, and is home to the largest futures exchange in the United States, the CME Group. Chicago is third in the world on the Global Financial Centers Index which ranks the competitiveness of financial centers based on people, business environment, market access, infrastructure and general competitiveness.

www.cityofchicago.com

Chicago Chicago Chicago Chicago is the most populous city in the Midwestern United States and the third most

populous city in the United States with 2,700,000 residents. Chicago is the county

seat of Cook County, the second largest county in the United States. The

is the third most populated metropolitan area in the United States with 9,580,567

residents. The MSA covers over 1,300 square miles and six counties. The Chicago

metropolitan area is home to the corporate headquarters of 57 Fortune 1000

companies, including Boeing, McDonald's, Motorola, Discover Financial Services and

United Airlines. Chicago is a major hub for industry, telecommunications and

infrastructure and O'Hare International Airport is the second busiest airport in the

world in terms of



LOCATION OVERVIEW

LOCATION OVERVIEWLOCATION OVERVIEWLOCATION OVERVIEWLOCATION OVERVIEW

Oak Lawn Oak Lawn Oak Lawn Oak Lawn is a village located in Cook County, Illinois. Oak Lawn is about 15 miles southwest of Chicago. At the time of the 2010 U.S. Census the population of Oak Lawn was 56,937. Oak Lawn is located within Cook County and part of the Chicago metropolitan area. At the time of the 2010 U.S. Census Cook County had a population of 5,194,675.

Oak Lawn is the home of Advocate Christ Medical Center and Hope Children's Hospital, one of the most comprehensive providers of pediatric care in the state. The medical center is a leader in cardiology, pediatrics, surgical services, oncology, women’s services and emergency medicine. The Advocate Christ Medical Center, Oak Lawn’s largest employer, employs over 5,800 people.

www.oaklawn-il.gov

The metro is also a major financial center in North America, and is home to the largest futures exchange in the United States, the CME Group. Chicago is third in the world on the Global Financial Centers Index which ranks the competitiveness of financial centers based on people, business environment, market access, infrastructure and

is the most populous city in the Midwestern United States and the third most


seat of Cook County, the second largest county in the United States. The




es, including Boeing, McDonald's, Motorola, Discover Financial Services and



world in terms of traffic movement.

LOCATION OVERVIEW

is a village located in Cook County, Illinois. Oak Lawn is about 15 miles southwest of Chicago. At the time of the 2010 U.S. Census the population of Oak Lawn was 56,937. Oak Lawn is located within Cook County and part of the Chicago

the time of the 2010 U.S. Census Cook County had a population

Oak Lawn is the home of Advocate Christ Medical Center and Hope Children's Hospital, one of the most comprehensive providers of pediatric care in the state. The

a leader in cardiology, pediatrics, surgical services, oncology, women’s services and emergency medicine. The Advocate Christ Medical Center, Oak

The metro is also a major financial center in North America, and is home to the largest futures exchange in the United States, the CME Group. Chicago is third in the world on the Global Financial Centers Index which ranks the competitiveness of financial centers based on people, business environment, market access, infrastructure and

is the most populous city in the Midwestern United States and the third most


seat of Cook County, the second largest county in the United States. The Chicago MSA




es, including Boeing, McDonald's, Motorola, Discover Financial Services and





666 Dundee Road Suite 1801 Northbrook, IL 60062

Randy Blankstein President 847.562.0003 [email protected]

Jimmy Goodman Partner 847.562.8500 [email protected]

CONTACT INFORMATION

CONTACT INFORMATIONCONTACT INFORMATIONCONTACT INFORMATIONCONTACT INFORMATION

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