Net Leased Tuffy Auto Service Center in Chicago MSA

NET LEASED INVESTMENT OFFERING

Representative Rendering

Tuffy Auto Service Center
3190 North Aurora Road
Aurora, IL 60502
(Chicago MSA)

Randy Blankstein | President
847.562.0003
rblank@bouldergroup.com

Jimmy Goodman |Partner
847.562.8500
jimmy@bouldergroup.com

www.bouldergroup.com

CONFIDENTIALITY & DISCLAIMER

CONFIDENTIALITY & DISCLAIMER
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.

847.562.0003

847.562.8500


TUFFY AUTO SERVICE CENTER - AURORA, IL (CHICAGO MSA)
NET LEASE OPPORTUNITY


3190 North Aurora Road, Aurora, Illinois 60502

EXECUTIVE SUMMARY
The Boulder Group is pleased to exclusively market for sale a single tenant Tuffy Auto Service Center property located in an affluent suburb of
Chicago. The 3,900 square foot building was developed in 2007 in a heavily trafficked corridor. The corporately guaranteed lease has over
13 years remaining and features 10% rental escalations every five years in both the primary term and renewal option periods. The next rental escalation occurs in October 2017. Tuffy Auto Service Centers is a privately held company with over 235 locations. This
location is
one of Tuffy’s top performing stores.
The subject property is located along North Aurora Road, a heavily trafficked east-west thoroughfare that experiences traffic counts of
approximately 20,000 vehicles per day. The property benefits from its proximity to the intersection of North Aurora Road and North Eola Road
which experiences a combined traffic count in excess of 48,000 vehicles per day. There are approximately 250,000 people living within a five
mile radius of the property earning average household incomes in excess of $88,000. Additionally, the average household income within one
mile of the property is in excess of $137,000 annually. The Tuffy Auto Service Center is located across the street from a Jewel-Osco anchored
shopping center. Other retailers located in the immediate vicinity include Chase Bank, BMO Harris Bank, MB Financial Bank, Dunkin Donuts,
and 7-Eleven.
Tuffy Auto Service Center’s original lease is for twenty years and expires November 1, 2027. The lease features 10% rental escalations
throughout the primary term and renewal option periods. There are two 5-year renewal options. Tuffy Auto Service Center is owned by Tuffy
Associates Corporation, a privately held corporation that also owns Car-X Tire and Auto stores. There are over 235 Tuffy Auto Service Center
locations.

847.562.0003

847.562.8500




PROPERTY OVERVIEW
Price:
Cap Rate:

7.00%

Average Cap Rate:

7.76%

Building Size:

3,900 SF

Site Size:

Escalation Date

$1,524,000
Rent Schedule:

$106,680
$117,108
$128,580
$141,438
$155,582

33,000 SF

Renewal Options:

Two 5-Year Options

Year Built:

2007

Landlord Obligations:

Structure

Lease Start Date:

October 16, 2007

Lease Expiration:

November 1, 2027

847.562.0003

847.562.8500

10/16/2017
10/16/2022
11/1/2027 (Option 1)
11/1/2032 (Option 2)



PROPERTY HIGHLIGHTS







Located within the Chicago MSA
10% rental escalations throughout the primary term and
renewal option periods
Next rental escalation is October 16, 2017
Minimal landlord responsibilities
Located near the heavily trafficked intersection of North Eola
Road and North Aurora Road (48,000 vehicles per day)
Average household incomes within one mile in excess of
$137,000 annually







One of Tuffy’s top performing stores
Located near access to Interstate 88 which experiences traffic
counts in excess of 100,000 vehicles per day
Approximately 250,000 people living within five miles earning
incomes in excess of $88,000 annually
Located across the street from a Jewel-Osco anchored center
Other retailers in the immediate area include Chase Bank, BMO
Harris Bank, MB Financial Bank, Dunkin Donuts, and 7-Eleven

DEMOGRAPHICS
1-MILE
Population:
Total Households
Avg. Household Income:

3-MILE

5-MILE

7,485
2,686
$137,565

79,911
29,669
$88,523

248,965
84,243
$88,484

847.562.0003

847.562.8500



Aerial

North Aurora Rd (19,500

847.562.0003

847.562.8500



TENANT OVERVIEW
Tuffy Auto Service Center’s are a chain of automotive service centers headquartered in Toledo,
Ohio. The company is owned by the Tuffy Associates Corporation which also owns about 170 Car-X
Tire and Auto stores.
Tuffy specializes in mufflers and exhaust systems, oil changes, brakes, alignments, tires, shocks,
springs and struts, air conditioning, heating and cooling systems, starting and charging systems,
and general maintenance and repairs. The company was founded in 1970 by Charles Amy.
Today, there are over 235 Tuffy Auto Service Center locations in 20 states across the eastern
United States.

847.562.0003

847.562.8500



LOCATION OVERVIEW
Aurora is the second most populous city in the state of Illinois, and the 112th largest city in the
United States. Aurora is part of Kane, DuPage, Kendall and Will counties and is included in the
Chicago MSA. Aurora is located approximately 35 miles west of downtown Chicago.
Aurora is home to the Hollywood Casino, Chicago's premier dockside gaming facility with 53,000
square feet and 1,200 gaming positions. Auroras population has spilled into Kendall County, the
fastest growing county in Illinois, and according to recent statistics released in June, 2010, by
CNN, is the fastest growing county in the United States. The leading employers in Aurora include
Caterpillar, Inc. Earthmoving Equipment, Rush-Copley Medical Center, City of Aurora and the Aurora School District. In 2010 Drugs & Miscellaneous Retail Stores accounted for $305.4 million of
Aurora’s $1.8 billion in retail sales.

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 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.

847.562.0003

847.562.8500


Net Leased Tuffy Auto Service Center in Chicago MSA

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