STARBUCKS (Chicago MSA | S&P: A-) 630 Northwest Highway ...

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STARBUCKS (Chicago MSA | S&P: A-) 630 Northwest Highway Cary, IL 60013

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TABLE OF CONTENTS

TABLE OF CONTENTS

I. Executive Profile Executive Summary Investment Highlights Property Overview

II. Location Overview Aerial Site Plan Maps

III. Market & Tenant Overview Demographic Report Market Overview Tenant Overview

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DISCLAIMER STATEMENT

DISCLAIMER STATEMENT:

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.

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EXECUTIVE SUMMARY

EXECUTIVE SUMMARY:

The Boulder Group is pleased to exclusively market for sale a single tenant Starbucks property strategically located in the Chicago MSA. The new construction Starbucks is positioned as an outparcel to a Jewel-Osco grocery anchored center along the trade area's primary thoroughfare. The new Starbucks lease is for ten years and rent is estimated to commence in October 2016. The Starbucks lease features four 5-year renewal option periods with 10% rental escalations in each.

The Starbucks property is strategically located along Northwest Highway which is the primary thoroughfare in the trade area. Northwest Highway experiences traffic counts in excess of 28,000 vehicles per day. The Starbucks is strategically positioned as an outparcel to a Jewel-Osco grocery anchored center. The Jewel Osco center features a Dunkin Donuts that does not have a drive thru and is significantly out-positioned by the subject freestanding drive thru Starbucks. Additional retailers located in the immediate trade area include Walgreens, ALDI, US Bank, Chase Bank, Fifth Third Bank, AutoZone, O'Reilly Auto Parts, McDonald's and Taco Bell. The property is located one mile north of the Cary Metra rail station which connects the suburb of Cary to downtown Chicago. Metra is the commuter rail division that serves the Chicago metropolitan area with over 80 million passengers per year.

The surrounding area is affluent with average annual household incomes within a three mile radius that are in excess of $112,000. There are over 110,000 people living within a five mile radius of the property earning average annual household incomes in excess of $104,000. Cary is located approximately forty-five miles northwest of downtown Chicago.

Starbucks is a publicly traded company on the NASDAQ (SBUX) with a market capitalization in excess of $81 billion. Starbucks is an investment grade rated company with a Standard & Poor's rating of A-. Starbucks operates as a roaster, marketer, and retailer of specialty coffee worldwide. As of March 27, 2016, it operated 23,921 stores. Starbucks Corporation was founded in 1985 and is based in Seattle, Washington.

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INVESTMENT HIGHLIGHTS

INVESTMENT HIGHLIGHTS:

? Located within the Chicago MSA ? Investment grade rated tenant (S&P:A-) ? Long term brand new ten year lease ? New construction ? Outparcel to a Jewel-Osco grocery anchored center ? Positioned along Northwest Highway (28,000 VPD) ? Affluent area with average annual household incomes within a three mile radius in excess of $112,000 ? Over 110,000 people living within a five mile radius of the property ? One mile north of the Cary Metra rail station which connects Cary to downtown Chicago ? 10% rental escalations in each renewal option period ? Starbucks will greatly out position the inline Dunkin Donuts ? Only Starbucks in Cary, IL

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