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NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
Brunswick Zone XL1515 West Aurora Avenue
Naperville, IL 60540 (Chicago MSA)
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
1) Confidentiality&Disclaimer
2) ExecutiveSummary
3) PropertyOverview
4) Aerial
5) SitePlan
6) Maps
7) TenantProfile
8) DemographicComparisonReport
9) LocationOverview
10) ContactInformation
TABLE OF CONTENTS
TABLE OF CONTENTS
NET LEASED INVESTMENT OFFERING
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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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TheBoulderGroupispleasedtomarketforsaleasingletenantBrunswickZoneXLpropertylocatedwithintheChicagoMSA.The80,425squarefootpropertyislocatedon6.9acresoflandintheprimarytradeareaofNaperville,Illinois.Napervilleisanaffluentcommunitylocatedapproximately30mileswestofdowntownChicago.ThecityofNapervillehasbeenrankedinthetopfiveforMoney Magazine’s: Best Places to Live,threeofthelasteightyears.BrunswickZoneXLhasoperatedatthislocationsince1997andrecentlyextendedtheirleasethroughJune2018withtworentalescalations.Additionally,BrunswickZoneXLfeaturesabelowmarketrentalrate.BrunswickZoneXLisownedandoperatedbyBrunswickCorporation(NYSE:BC),andhasover100locationsintheUnitedStatesandCanada.BrunswickZoneXLisafamilyfuncenterofferingbowling,arcadegames,billiardsandmore.
ThepropertyislocatedalongAuroraAvenue(18,100VPD)approximatelyonemileeastofIllinoisRoute59(50,500VPD).BrunswickZoneXLbenefitsfromits locationintheprimaryretailtradeareaonemilefromWestfieldFoxValley regionalmall.WestfieldFoxValley isanchoredbyMacy’s, JCPenney,Kohl’sandSears.Other retailers intheimmediateareaincludeWal-MartSupercenter,Sam’sClub,SuperTarget,Costco,Lowe’sandHomeDepot.Additionally,thepropertyislocatednearSpringbrookPrairiePavilionretailcenterwhichistenantedbyDicks,WholeFoods,NordstromRackandHomeGoods.Residentslivingwithinonemileofthepropertyenjoyaveragehouseholdincomeofapproximately$120,000annually.BrunswickZoneXLoffers its customers40 lanesofbowling,16billiardstables,eventrooms,gamezonearcade,lazertag,bumpercarsandabar&grill.
BrunswickZoneXL’soriginalfifteenyearleasetermcommencedin1997andBrunswickZoneXLrecentlyextendedtheir lease through June2018. Thenet operating income increasesby2.5% in2016and in2017. The leasehasoneadditional2-yearrenewaloptionwithannual2.5%escalations.TheleaseiscorporatelyguaranteedbyBrunswickCorporation.BrunswickCorporationisapubliclytradedcompanyontheNewYorkStockExchange(BC),withamarketcapitalizationof$3billion.
INVESTMENT HIGHLIGHTS
•LocatedwithintheChicagoMSA•2.5%rentalescalationsin2016andeveryyearthereafter•Belowmarketrentpersquarefoot•Tenanthasbeenatlocationforover16yearsandrecentlyextendedleasethroughJune2018
•Positionedintheprimaryretailtradearea•CloseproximitytoWestfieldFoxValleyregionalmallanchoredbyMacy’s,JCPenney,Kohl’sandSears
•OthernearbyretailersincludeWal-MartSupercenter,Sam’sClub,SuperTarget,Costco,Lowe’sandHomeDepot•Corporatelyguaranteedlease(NYSE:BC)•NapervilleisanaffluentsuburbofChicagowithaveragehouseholdincomeofapproximately$120,000withinonemileoftheproperty
EXECUTIVE SUMMARY
EXECUTIVE SUMMARY
NET LEASED INVESTMENT OFFERING
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PROPERTY OVERVIEW
PROPERTY OVERVIEW
Price: $4,400,000
CapRate: 9.68%
RenewalOptions: One2-Year
RentSchedule: NOI RentP/SF EscalationDate
$426,098 $5.30$436,750 $5.43 7/1/2016$447,669 $5.57 7/1/2017$458,860 $5.71 7/1/2018(Option)$470,332 $5.85 7/1/2019
LeaseCommencementDate: April3,1997
LeaseExpirationDate: June30,2018
Tenant: BrunswickZoneXL
Guarantor: BrunswickCorporation(NYSE:BC)
LeaseType: TripleNet
LandlordResponsibilities: StructureOnly
RentableSquareFeet: 80,425
LandSize: 6.9acres
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AERIAL
AERIAL
27,000 VPD
WEST OGDEN AVENUE
50,500 VPD
AURORA AVENUE 18,100 VPD
59
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SITE PLAN
SITE PLAN
AURORA AVENUE
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MAPS
MAPS
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Brunswick Corporation (NYSE: BC) isaUnitedStatesbasedcorporationheadquarteredinLakeForest,Illinois.Brunswick is involved in manufacturing marine boats, marine engines and fitness equipment. BrunswickCorporationalsomanufacturesbilliardsandbowlingequipment,bowlingservices,products,andaccessoriesandoperatesbowlingcentersintheUnitedStatesandCanada.Brunswickreportsthatinthepastfiveyears,theirinternationalsaleshavegrownattwicetherateofdomesticsales.ThecompanyhasestablishedregionalheadquartersinBelgium,AustraliaandDubaitobetterserveitscustomers.
Brunswickownsandoperatesover100“BrunswickZone”locationsthroughouttheUnitedStatesandCanadaofferingfood,arcadegames,bowling,billiardsandlazertag,bumpercarsandeventroomsatselectlocations.BrunswickispubliclytradedontheNewYorkStockExchange(BC)withamarketcapof$3billion.Brunswickhadrevenueofapproximately$3.7billionin2012.
CorporateWebsite: www.brunswick.comBrunswickZoneWebsite: www.bowlbrunswick.comNumberofLocations: 100+StockSymbol: BC:NYSEMarketCapitalization: $3billion
TENANT PROFILE
TENANT PROFILE
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Population 1-mi 3-mi 5-mi
TotalPopulation 10,821 84,911 231,663TotalHouseholds 3,934 32,603 82,544
Income
MedianHouseholdIncome $101,233 $83,319 $94,340AverageHouseholdIncome $119,118 $103,284 $114,070
DEMOGRAPHIC COMPARISON REPORT
DEMOGRAPHIC COMPARISON REPORT
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Naperville islocatedinDuPageandWillCountiesinIllinois.Thepopulationatthe2010censuswas141,853makingitthe5thlargestcityinIllinois.Ina2010studybybizjournals,NapervillewasnamedasthewealthiestcityintheMidwestandeleventhinthenationwithapopulationover75,000.Napervilleislocated28mileswestofdowntownChicagoandconsistentlyranksamongst
thetopcommunitiesinthenationtolive,raisechildrenandretire.NapervillehasbeenrankedinthetopfiveforMoneyMagazines:BestPlacestoLive,threeofthelasteightyears.
Napervillehasadiversifiedemployerbasethatfeatureshightechnologyfirms,retailersandfactories,aswellassmallandhome-basedbusinesses.MajorareaprivateemployersofNapervilleincludeLucentTechnologies,NicorGas,BPAmoco,Tellabs,OndeoNalco,ConAgraFoods,Laidlaw,CalamosInvestments,SolarCommunicationsandKraftFoods.
www.naperville.il.us
Chicago isthemostpopulouscityintheMidwesternUnitedStatesandthethirdmostpopulouscityintheUnitedStateswith2,700,000residents.ChicagoisthecountyseatofCookCounty,thesecondlargestcountyintheUnitedStates.TheChicagoMSAisthethirdmostpopulatedmetropolitanareain theUnitedStateswith9,580,567 residents. TheMSAcoversover1,300squaremilesand six
counties.TheChicagometropolitanareaishometothecorporateheadquartersof57Fortune1000companies,includingBoeing,McDonald’s,Motorola,DiscoverFinancialServicesandUnitedAirlines.Chicagoisamajorhubforindustry,telecommunicationsandinfrastructureandO’HareInternationalAirportisthesecondbusiestairportintheworldintermsoftrafficmovement.
ThemetroisalsoamajorfinancialcenterinNorthAmerica,andishometothelargestfuturesexchangeintheUnitedStates,theCMEGroup.ChicagoisthirdintheworldontheGlobalFinancialCentersIndexwhichranksthecompetitivenessoffinancialcentersbasedonpeople,businessenvironment,marketaccess,infrastructureandgeneralcompetitiveness.
www.cityofchicago.org
LOCATION OVERVIEW
LOCATION OVERVIEW
NET LEASED INVESTMENT OFFERING
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666DundeeRoad,Suite1801Northbrook,IL60062
Randy [email protected]
Jimmy [email protected]
CONTACT INFORMATION
CONTACT INFORMATION
