net lease investment property for sale

1. NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
Brunswick Zone XL
1515 West Aurora Avenue
Naperville, IL 60540 (Chicago MSA)

2. NET LEASED INVESTMENT OFFERING
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1) Confidentiality & Disclaimer
2) Executive Summary
3) Property Overview
4) Aerial
5) Site Plan
6) Maps
7) Tenant Profile
8) Demographic Comparison Report
9) Location Overview
10) Contact Information
TABLE OF CONTENTS
TABLE OF CONTENTS

3. NET LEASED INVESTMENT OFFERING
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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

4. NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
The Boulder Group is pleased to market for sale a single tenant Brunswick Zone XL property located within the
Chicago MSA. The 80,425 square foot property is located on 6.9 acres of land in the primary trade area of Naperville,
Illinois. Naperville is an affluent community located approximately 30 miles west of downtown Chicago. The city of
Naperville has been ranked in the top five for Money Magazine’s: Best Places to Live, three of the last eight years.
Brunswick Zone XL has operated at this location since 1997 and recently extended their lease through June 2018
with two rental escalations. Additionally, Brunswick Zone XL features a below market rental rate. Brunswick Zone
XL is owned and operated by Brunswick Corporation (NYSE: BC), and has over 100 locations in the United States
and Canada. Brunswick Zone XL is a family fun center offering bowling, arcade games, billiards and more.
The property is located along Aurora Avenue (18,100 VPD) approximately one mile east of Illinois Route 59 (50,500
VPD). Brunswick Zone XL benefits from its location in the primary retail trade area one mile from Westfield Fox
Valley regional mall. Westfield Fox Valley is anchored by Macy’s, JCPenney, Kohl’s and Sears. Other retailers in
the immediate area include Wal-Mart Supercenter, Sam’s Club, Super Target, Costco, Lowe’s and Home Depot.
Additionally, the property is located near Springbrook Prairie Pavilion retail center which is tenanted by Dicks, Whole
Foods, Nordstrom Rack and Home Goods. Residents living within one mile of the property enjoy average household
income of approximately $120,000 annually. Brunswick Zone XL offers its customers 40 lanes of bowling, 16
billiards tables, event rooms, game zone arcade, lazer tag, bumper cars and a bar & grill.
Brunswick Zone XL’s original fifteen year lease term commenced in 1997 and Brunswick Zone XL recently extended
their lease through June 2018. The net operating income increases by 2.5% in 2016 and in 2017. The lease
has one additional 2-year renewal option with annual 2.5% escalations. The lease is corporately guaranteed by
Brunswick Corporation. Brunswick Corporation is a publicly traded company on the New York Stock Exchange (BC),
with a market capitalization of $3 billion.
INVESTMENT HIGHLIGHTS
• Located within the Chicago MSA
• 2.5% rental escalations in 2016 and every year thereafter
• Below market rent per square foot
• Tenant has been at location for over 16 years and recently
extended lease through June 2018
• Positioned in the primary retail trade area
• Close proximity to Westfield Fox Valley regional mall anchored by
Macy’s, JCPenney, Kohl’s and Sears
• Other nearby retailers include Wal-Mart Supercenter, Sam’s Club, Super Target, Costco, Lowe’s and Home Depot
• Corporately guaranteed lease (NYSE: BC)
• Naperville is an affluent suburb of Chicago with average household income of approximately $120,000 within
one mile of the property
EXECUTIVE SUMMARY
EXECUTIVE SUMMARY

5. NET LEASED INVESTMENT OFFERING
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PROPERTY OVERVIEW
PROPERTY OVERVIEW
Price: $4,400,000
Cap Rate: 9.68%
Renewal Options: One 2-Year
Rent Schedule: NOI Rent P/SF Escalation Date
$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
Lease Commencement Date: April 3, 1997
Lease Expiration Date: June 30, 2018
Tenant: Brunswick Zone XL
Guarantor: Brunswick Corporation (NYSE: BC)
Lease Type: Triple Net
Landlord Responsibilities: Structure Only
Rentable Square Feet: 80,425
Land Size: 6.9 acres

6. NET LEASED INVESTMENT OFFERING
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AERIAL
AERIAL
27,000VPD
WEST OGDEN AVENUE
50,500 VPD
AURORA AVENUE 18,100 VPD
59

7. NET LEASED INVESTMENT OFFERING
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SITE PLAN
SITE PLAN
AURORA AVENUE

8. NET LEASED INVESTMENT OFFERING
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MAPS
MAPS

9. NET LEASED INVESTMENT OFFERING
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Brunswick Corporation (NYSE: BC) is a United States based corporation headquartered in Lake Forest, Illinois.
Brunswick is involved in manufacturing marine boats, marine engines and fitness equipment. Brunswick
Corporation also manufactures billiards and bowling equipment, bowling services, products, and accessories
and operates bowling centers in the United States and Canada. Brunswick reports that in the past five years,
their international sales have grown at twice the rate of domestic sales. The company has established regional
headquarters in Belgium, Australia and Dubai to better serve its customers.
Brunswick owns and operates over 100 “Brunswick Zone” locations throughout the United States and Canada
offering food, arcade games, bowling, billiards and lazer tag, bumper cars and event rooms at select locations.
Brunswick is publicly traded on the New York Stock Exchange (BC) with a market cap of $3 billion. Brunswick
had revenue of approximately $3.7 billion in 2012.
Corporate Website: www.brunswick.com
Brunswick Zone Website: www.bowlbrunswick.com
Number of Locations: 100+
Stock Symbol: BC: NYSE
Market Capitalization: $3 billion
TENANT PROFILE
TENANT PROFILE

10. NET LEASED INVESTMENT OFFERING
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Population 1-mi 3-mi 5-mi
Total Population 10,821 84,911 231,663
Total Households 3,934 32,603 82,544
Income
Median Household Income $101,233 $83,319 $94,340
Average Household Income $119,118 $103,284 $114,070
DEMOGRAPHIC COMPARISON REPORT
DEMOGRAPHIC COMPARISON REPORT

11. NET LEASED INVESTMENT OFFERING
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Naperville is located in DuPage and Will Counties in Illinois. The population at the 2010 census
was 141,853 making it the 5th largest city in Illinois. In a 2010 study by bizjournals, Naperville
was named as the wealthiest city in the Midwest and eleventh in the nation with a population over
75,000. Naperville is located 28 miles west of downtown Chicago and consistently ranks amongst
the top communities in the nation to live, raise children and retire. Naperville has been ranked in the top five for
Money Magazines: Best Places to Live, three of the last eight years.
Naperville has a diversified employer base that features high technology firms, retailers and factories, as well as
small and home-based businesses. Major area private employers of Naperville include Lucent Technologies, Nicor
Gas, BP Amoco, Tellabs, Ondeo Nalco, ConAgra Foods, Laidlaw, Calamos Investments, Solar Communications and
Kraft Foods.
www.naperville.il.us
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

12. NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
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