Single tenant US Cellular property for sale by The Boulder Group

1. NET LEASED INVESTMENT OFFERING
U.S. Cellular (Investment Grade)
2933 Milwaukee Road
Beloit, WI 53511
www.bouldergroup.com

2. TABLE OF CONTENTS
NET LEASED INVESTMENT OFFERING
TABLE OF CONTENTS
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
www.bouldergroup.com

3. CONFIDENTITALITY & DISCLAIMER
NET LEASED INVESTMENT OFFERING
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.
www.bouldergroup.com

4. EXECUTIVE SUMMARY
NET LEASED INVESTMENT OFFERING
EXECUTIVE SUMMARY
The Boulder Group is pleased to exclusively market for sale a single tenant U.S. Cellular property located in Beloit, Wisconsin.
The newly constructed U.S. Cellular is located at a signalized intersection in the immediate proximity to Interstate 90/39
and Interstate 43 interchanges. The property is further benefited by its strategic location as an outparcel to a Walmart
Supercenter and Menards development. There are 10 years remaining on this net lease that expires in January 2024. U.S.
Cellular is an investment grade rated company (S&P: BBB-) and is publicly traded (NYSE: USM) with a market capitalization
in excess of $3.5 billion.
The U.S. Cellular property is located at the northwest corner of the signalized intersection of Milwaukee Road and Freeman
Parkway. Milwaukee Road is the primary thoroughfare in the trade area and experiences traffic counts in excess of 23,000
vehicles per day. Milwaukee Road is the main point of access to Beloit for people traveling from the north, east and south.
The U.S. Cellular property is positioned less than a quarter mile from the Interstate 90/39 and Interstate 43 interchange
with easy access to both. The property is strategically located within a prime retail corridor and is an outparcel to a
Walmart Supercenter and Menards. Other retailers in the immediate vicinity include Staples, O’Reilly Auto Parts, Aldi,
McDonald’s, First National Bank and Trust, Dollar Tree, Starbucks, NTB, GNC, and Pilot Travel Center.
The newly constructed U.S. Cellular has 10 years of primary lease term remaining and expires in January 2024. There are
three 3-year renewal options with rental escalations in each. U.S. Cellular is an investment grade rated company (S&P:
BBB-) and is publicly traded (NYSE: USM) with a market capitalization in excess of $3.5 billion.
INVESTMENT HIGHLIGHTS
• Investment grade rated company (S&P: BBB-)
• Long term lease with 10 years remaining
• Brand new construction (2013)
• Outparcel to a Walmart Supercenter and Menards
• Located at a signalized intersection
• Milwaukee Road is the primary thoroughfare in the market and
experiences traffic counts in excess of 23,900 vehicles per day
• Located less than a quarter mile from the Interstate 90/39 and Interstate 43 interchange with access to both
www.bouldergroup.com

5. PROPERTY OVERVIEW
NET LEASED INVESTMENT OFFERING
PROPERTY OVERVIEW
Price:
$1,600,000
Current Cap Rate:
6.75%
Rent Schedule:
NOI
Escalation Date
$108,000
$111,000
$114,000
$117,000
2/1/2024 (Option 1)
2/1/2027 (Option 2)
2/1/2030 (Option 3)
Renewal Options:
Three 3-Year
Lease Commencement Date:
November 25, 2013
Lease Expiration Date:
January 31, 2024
Tenant:
U.S. Cellular (NYSE: USM)
Credit:
Investment Grade (S&P: BBB-)
Year Built:
2013
Lease Type:
NN (Roof, Structure, Parking Lot Repair & Replacement and CAM*)
Building Size:
3,000 SF
Land Size:
22,651 SF
* Landlord is responsible for maintenance of the common areas. Landlord is reimbursed by the tenant for maintenance
costs (maintenance cost shall not increase by more than five percent (5%) annually). Maintenance costs also includes
reasonable administrative fees, which shall not exceed 10%.
www.bouldergroup.com

6. AERIAL
NET LEASED INVESTMENT OFFERING
AERIAL
N
43
90
www.bouldergroup.com
39
40,800 VPD
AD
RO
EE PD
K
AU 0 V
ILW 3,90
M 2

7. SITE PLAN
NET LEASED INVESTMENT OFFERING
SITE PLAN
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MI
www.bouldergroup.com

8. MAPS
NET LEASED INVESTMENT OFFERING
MAPS
www.bouldergroup.com

9. TENANT PROFILE
NET LEASED INVESTMENT OFFERING
TENANT PROFILE
US Cellular owns and operates the fifth-largest wireless telecommunications network in the United State. As
of 2013, they served approximately 11 million customers in 426 markets and in 49 states. U.S. Cellular was
created in 1983 as a subsidiary of Telephone and Data Systems Inc., which still owns a large percentage of the
company today.
U.S. Cellular features free unlimited incoming calls, allowing users to receive calls without charge. Additionally,
they offer unlimited incoming text, picture, and video messages.
U.S. Cellular is headquartered in Chicago, Illinois and is publicly traded on the New York Stock Exchange (USM).
They are an investment grade rated company with a Standard and Poor’s rating of BBB-.
Website:
Credit:
Stock Symbol:
Market Capitalization:
Headquarters:
www.uscellular.com
Investment Grade (S&P: BBB-)
NYSE: USM
$3.5 billion
Chicago, IL
www.bouldergroup.com

10. DEMOGRAPHIC COMPARISON REPORT
NET LEASED INVESTMENT OFFERING
DEMOGRAPHIC COMPARISON REPORT
Population
Total Population
Total Households
3-mi
5-mi
7-mi
23,142
8,724
54,449
20,758
75,812
28,685
$38,523
$53,765
$38,946
$52,811
$45,688
$59,249
Income
Median Household Income
Average Household Income
www.bouldergroup.com

11. LOCATION OVERVIEW
NET LEASED INVESTMENT OFFERING
LOCATION OVERVIEW
Beloit, WI is a city in Rock County, Wisconsin. Beloit lies just north of the Wisconsin-Illinois
border. Beloit is approximately 95 miles northwest from Chicago, 75 miles southwest from
Milwaukee, and 55 miles south of Madison. As of the 2010 census, Beloit had a population
of 37,000 people.
Beloit is home to Beloit College, a private liberal arts college with undergraduate enrollment
around 1,300 students. The largest employers in Beloit are Birds Eye, Taylor Company, and
Frito-Lay.
www.ci.beloit.wi.us.com
www.bouldergroup.com

12. CONTACT INFORMATION
NET LEASED INVESTMENT OFFERING
CONTACT INFORMATION
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
www.bouldergroup.com