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net lease Citgo for sale in the Chicago MSA
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NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
CITGO200 Fabyan Parkway
Batavia, IL 60510 (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
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
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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TheBoulderGroupispleasedtoexclusivelymarketforsaleasingletenantnetleasedCITGOpropertylocatedintheChicagoMSA.Thepropertywasoriginallyconstructedin1999ona2.01acreparcel.Thegasstationfeatures16gaspumps,aconveniencestoreandacarwash.TheleasecommencedFebruary2004andincludesannualrentalescalationsof1.75%.Thereare10yearsremainingintheprimarytermofthelease.
ThesubjectpropertyislocatedatthesignalizedintersectionofFabyanParkwayandNorthWashingtonAvenue,whichexperiencestrafficcountsinexcessof37,000vehiclesperday.ThesitehastwopointsofingressandegressandiseasilyaccessiblebyvehiclestravelingonFabyanParkwayorNorthWashingtonAvenue.FabyanParkwayisaprimaryeast-westthoroughfareservingBataviaandisoneofonlytworoadwaysthatcrosstheFoxRiver.BataviaiswellknownforbeingthehomeofFermilab,afederalgovernment-sponsoredhigh-energyphysicslaboratorythatemploys2,000people.TheretailtradeareafeaturesWalmart,Target,Sam’sClub,Walgreens,BestBuyandHomeDepotaswellasseveralothernationalretailers.
CITGO’soriginalleasetermisfor20yearswithfour5-yearrenewaloptionsandtheleaseexpiresinFebruary2024.Theleasefeaturesannualrentalescalationsof1.75%throughouttheprimaryterm.TheguarantorisGasMartUSA,aprivatelyheldcompanythatoperates108locationsinsevenstates.
INVESTMENT HIGHLIGHTS
• LocatedwithintheChicagoMSA
• 1.75%annualrentalescalations
• Longtermleasewith10yearsremaining
• Nolandlordresponsibilities
• Positionedonasignalizedintersectionwithtrafficcounts inexcessof37,000vehiclesperday
• LocatedalongFabyanParkway,aprimaryeast-west thoroughfareinBatavia
• Largelandparcelofovertwoacreswithanin-placeagreementtosubdivide31,300squarefeetforfuturedevelopment
EXECUTIVE SUMMARY
EXECUTIVE SUMMARY
NET LEASED INVESTMENT OFFERING
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PROPERTY OVERVIEW
PROPERTY OVERVIEW
Price: $4,468,605
CapRate: 8.75%
NetOperatingIncome: $391,002
RentalEscalations: 1.75%Annually
RenewalOptions: Four5-yearatFMV
LeaseCommencementDate: February11,2004
LeaseExpirationDate: February29,2024
Tenant: GasMartUSA
YearBuilt: 1999
LeaseType: NNN
RentableSquareFeet: 8,018(combinationofbuildingandcanopy)
LandSize: 2.01acres
NET LEASED INVESTMENT OFFERING
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AERIAL
AERIAL
NET LEASED INVESTMENT OFFERING
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SITE PLAN
SITE PLAN
N
GAS DISPENSERS
WAS
HIN
GTO
N A
VEN
UE/R
OUT
E 25
E. FABYAN PARKWAY
PotentialDevelopment
Parcel31,300 SF
NET LEASED INVESTMENT OFFERING
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MAPS
MAPS
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Citgo Petroleum Corporation (orCitgo)isanAmericanrefiner,transporterandmarketeroftransportationfu-els,lubricants,petrochemicalsandotherindustrialproducts.ThecompanyisownedbyPDVAmerica,Inc.,anindirectwhollyownedsubsidiaryofPetróleosdeVenezuela,S.A.,thenationaloilcompanyofVenezuela.ThecompanyhasitsheadquartersintheEnergyCorridorareaofHouston,Texas.
www.citgo.com
GasMart USAwasfoundedin1995andcompletedconstructiononitsfirststoreinearly1996.By2003theycompletedconstructionon7storeslocatedinandaroundKansasCity.Today,GasMartUSAhas108locationsinsevenstatesthroughouttheMidwest.TheyareheadquarteredinsuburbanKansasCity.
www.gasmartusa.com
TENANT PROFILE
TENANT PROFILE
NET LEASED INVESTMENT OFFERING
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Population 3-mi 5-mi 7-mi
TotalPopulation 58,496 115,042 230,060TotalHouseholds 21,771 41,407 78,324
Income
MedianHouseholdIncome $87,403 $86,362 $77,444AverageHouseholdIncome $108,123 $108,548 $101,030
DEMOGRAPHIC COMPARISON REPORT
DEMOGRAPHIC COMPARISON REPORT
NET LEASED INVESTMENT OFFERING
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Bataviawasfoundedin1833,andistheoldestcityinKaneCounty,Illinois,withasmallportioninDuPageCounty.DuringtheIndustrialRevolution,Bataviabecameknownas ‘TheWindmillCity’ forbeing the largestwindmillproducerof the time.Fermilab, a federal government-sponsored high-energy physics laboratory, where
boththebottomquarkandtopquarkswerefirstdetected,islocatedhere.BataviaispartoftheTri-Citiesarea,alongwithSt.CharlesandGeneva.Accordingtothe2010census,Bataviahadapopulationof26,045.
www.cityofbatavia.net
ChicagoisthemostpopulouscityintheMidwesternUnitedStatesandthethirdmostpopulouscityintheUnitedStateswith2,700,000residents.ChicagoisthecountyseatofCookCounty,thesecondlargestcountyintheUnitedStates.TheChicagoMSAisthethirdmostpopulatedmetropolitanareaintheUnitedStateswith9,580,567residents.TheMSAcoversover1,300square miles and six counties. The Chicago metropolitan area is home to the corporateheadquartersof57Fortune1000companies,includingBoeing,McDonald’s,Motorola,Discover
FinancialServicesandUnitedAirlines.Chicagoisamajorhubforindustry,telecommunicationsandinfrastructureandO’HareInternationalAirportisthesecondbusiestairportintheworldintermsofvolume.
ThemetroisamajorfinancialcenterinNorthAmerica,andishometothelargestfuturesexchangeintheUnitedStates, the CMEGroup. Chicago is third in the world on the Global Financial Centers Index which ranks thecompetitivenessoffinancialcentersbasedonpeople,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
