7-Eleven Net Leased Property for sale

NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
7-Eleven
3005 North Pulaski Road
Chicago, IL 60641
Representative Rendering

1) Confidentiality & Disclaimer
2) Executive Summary
3) Property Overview
4) Aerials
5) Site Plan
6) Maps
7) Tenant Profile
8) Demographic Comparison Report
9) Location Overview
10) Contact Information
TABLE OF CONTENTS
TABLE 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
CONFIDENTITALITY & DISCLAIMER

The Boulder Group is pleased to exclusively market for sale a single tenant corporately guaranteed 7-Eleven
property located in Chicago, Illinois. The 3,200 square foot property is currently under construction and rent will
commence October 2013. The property benefits from a dense infill location, approximately five miles northwest
of downtown Chicago, with population in excess of 530,000 within three miles. The property offers rare onsite
parking for a Chicago infill asset. This 7-Eleven features a long term lease with a 10 year primary term and 10%
rental escalations every five years. 7-Eleven is an investment grade rated company with a Standard and Poor’s
rating of AA-.
The property is located in a dense infill area of Chicago on the northeast corner of North Pulaski Road and Wellington
Avenue. This intersection has a signalized traffic light creating constant vehicle traffic at the property. North
Pulaski Road has traffic counts in excess of 20,800 vehicles per day and is a primary north-south thoroughfare
in Chicago. Interstate 94 is located approximately one mile west of the property and experiences traffic counts in
excess of 273,000 vehicles per day. Nearby retailers include Wal-Mart, Big Lots, Discovery and American Mattress.
Additionally, the property is positioned adjacent to an AutoZone anchored shopping center and one quarter mile
from Kindred Chicago Central Hospital (101 beds) and Planet Fitness.
The original ten year lease term will commence October 2013. The lease features 10% rental escalations every five
years throughout the primary term and in the renewal option periods. 7-Eleven is the world’s largest retail store
chain with more than 50,000 locations world-wide. 7-Eleven is an investment grade company with a Standard &
Poor’s rating of AA-.
INVESTMENT HIGHLIGHTS
• Located within a dense infill area of Chicago
• Investment grade tenant (S&P: AA-)
• 10% rental escalations every five years throughout the primary
term and renewal option periods
• Population in excess of 530,000 within three miles of the property
• Brand new construction
• Positioned on a hard corner of a signalized intersection
• Located one mile from Wal-Mart
• Long term lease with 10 years remaining
• Traffic volumes in excess of 20,800 vehicles per day along Pulaski Road
• Rare onsite parking for an infill Chicago asset
EXECUTIVE SUMMARY
EXECUTIVE SUMMARY
July 2013

PROPERTY OVERVIEW
PROPERTY OVERVIEW
Price: $1,836,363
Cap Rate: 5.50%
Rent Schedule: NOI Escalation Date
$101,000*
$111,100 11/1/2018
$122,210 11/1/2023 (Option 1)
$134,431 11/1/2028 (Option 2)
Renewal Options: Two 5-Year
Lease Commencement Date: October 17, 2013
Lease Expiration Date: October 31, 2023
Tenant: 7-Eleven
Credit Rating: AA- (Standard & Poor’s)
Year Built: 2013
Landlord Obligations: NN (Roof & Structure)
Rentable Square Feet: 3,200
Land Size: 11,389 SF
*Seller will credit, at closing, the difference between the current rent of $50,500, until the rent escalates in
November 2014 to $101,000.

AERIALS
AERIALS
NORTHPULASKIROAD
28,800VPD
WEST WELLINGTON AVENUE
M
ILW
AUKEE
AVENUE
13,700
VPD
N

AERIALS
AERIALS
273,000
VPD
M
ILW
AUKEE
AVENUE
90
13,700
VPD
WEST DIVERSEY AVENUE
N
NORTHPULASKIROAD
28,800VPD

SITE PLAN
SITE PLAN
PULASKI ROAD
WELLINGTONAVENUE
N

MAPS
MAPS
CHICAGOCHICAGO

7-Eleven is part of an international chain of convenience stores with more than 50,000 locations world-wide,
making it the world’s largest operation, franchisor and licensor of convenience stores. 7-Eleven branded stores,
under parent company Seven & I Holdings Co., are located in 16 countries and 7-Eleven’s American division is
headquartered in downtown Dallas, Texas. Seven & I Holdings Co., Ltd. Is a diversified retail group headquartered
in Tokyo, Japan. 7-Eleven has recently been ranked by Forbes magazine as No. 2 “Top Franchisee for the
Money” for 2012 and No. 3 “Top 20 Franchises to Start” for 2011. Additionally 7-Eleven was ranked No. 3 on
Entrepreneur magazine’s “Franchisee 500” and No. 1 in Store Growth by Convenience Store News for 2012.
Website: www.7-eleven.com
Number of Locations Worldwide: 50,254
Number of United States Locations: 8,600
Number of Employees: 45,000
Standard & Poor’s Rating: AA-
TENANT PROFILE
TENANT PROFILE
July 2013

Population 1-mi 3-mi 5-mi
Total Population 66,870 535,555 1,260,369
Total Households 22,111 185,574 502,204
Income
Median Household Income $37,418 $41,309 $45,372
Average Household Income $51,427 $58,166 $67,308
DEMOGRAPHIC COMPARISON REPORT
DEMOGRAPHIC COMPARISON REPORT

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 Chicago MSA 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 traffic movement.
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.org
LOCATION OVERVIEW
LOCATION OVERVIEW

666 Dundee Road, Suite 1801
Northbrook, IL 60062
Randy Blankstein
President
847.562.0003
rblank@bouldergroup.com
Jimmy Goodman
Partner
847.562.8500
jimmy@bouldergroup.com
CONTACT INFORMATION
CONTACT INFORMATION
July 2013

7-Eleven Net Leased Property for sale

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