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Gino’s East 500 North LaSalle Street

Chicago, IL 60654

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TABLE OF CONTENTS

TABLE OF CONTENTS

1) Confidentiality&Disclaimer

2) ExecutiveSummary

3) InvestmentHighlights

4) PropertyOverview

5) Aerials

6) Maps

7) Photographs

8) TenantProfile

9) DemographicComparisonReport

10) LocationOverview

11) ContactInformation

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The information contained in the followingOfferingMemorandum is proprietary and strictly confidential. It is intendedto be reviewed only by the party receiving it from The Boulder Group and should not bemade available to any otherpersonorentitywithoutthewrittenconsentofTheBoulderGroup.Thishasbeenpreparedtoprovidesummary,unverifiedinformationtoprospectivepurchasers,andtoestablishonlyapreliminarylevelofinterestinthesubjectproperty.Theinfor-mationcontainedhereinisnotasubstituteforathoroughduediligenceinvestigation.TheBoulderGrouphasnotmadeanyinvestigation,andmakesnowarrantyorrepresentation,withrespecttotheincomeorexpensesforthesubjectproperty,thefutureprojectedfinancialperformanceoftheproperty,thesizeandsquarefootageofthepropertyandimprovements,thepresenceorabsenceofcontaminatingsubstances,PCB’sorasbestos,thecompliancewithStateandFederalregula-tions,thephysicalconditionoftheimprovementsthereon,orthefinancialconditionorbusinessprospectsofanytenant,oranytenant’splansorintentionstocontinueitsoccupancyofthesubjectproperty.Theinformationcontainedinthishasbeenobtainedfromsourceswebelievetobereliable;however,TheBoulderGrouphasnotverified,andwillnotverify,anyoftheinformationcontainedherein,norhasTheBoulderGroupconductedanyinvestigationregardingthesemattersandmakesnowarrantyorrepresentationwhatsoeverregardingtheaccuracyorcompletenessoftheinformationprovided.Allpotentialbuyersmusttakeappropriatemeasurestoverifyalloftheinformationsetforthherein.

CONFIDENTIALITY & DISCLAIMER

CONFIDENTIALITY & DISCLAIMER

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TheBoulderGroupispleasedtoexclusivelymarketforsaleararesingletenantnetleasedtrophypropertylocatedintheRiverNorthneighborhoodofdowntownChicago.TheirreplaceablepropertyislocatedatthenorthwestcornerofthesignalizedintersectionofNorthLaSalleStreetandWestIllinoisStreet.ThisGino’sEast location iscentrally locatedamongstmanyhighrisehotelandresidentialbuildings inawell-knowntouristdestination.Gino’sEastrecentlyelectedtorelocatefromtheirpreviousfamousflagshiplocationandexecuteatenyearabsolutetriplenetleaseatthesubjectproperty.Theleasefeatures10%rentalescalationseveryfiveyears.Gino’sEastisaChicagoinstitutionandoneoftheoriginaldeepdishpizzarestaurantswhichfirstopenedin1966.Today,thereareelevenGino’sEastrestaurantslocatedthroughouttheChicagoMSA.

TheGino’s East property is ideally situated in theheart of Chicago’sRiverNorth neighborhood.RiverNorth is a vibrant submarket inChicagowhich hasexperiencedtremendousdevelopmentandredevelopmentinthepastseveralyears.RiverNorthishometomanyrestaurants,retailshops,hotelsandhighriseresidentialbuildings.ThepropertyislocatedatthesignalizedintersectionofNorthLaSalleStreetandWestIllinoisStreet.LaSalleStreetexperiencestrafficcountsofapproximately25,000vehiclesperdayandisamainnorth-souththoroughfareinChicago.Additionally,thepropertyisbenefittedfrombeinglocatedclosetoOhioStreetandOntarioStreet,whicharethemainentryandexitpointforvehiclestravelinginandoutofthecityviaInterstate90/94.Approximately300,000vehiclesperdaytravelonInterstate90/94.Thereareapproximately90,000peoplelivingwithinaonemilerangeofthepropertyearningaveragehouseholdincomesofapproximately$110,000.

The three-story,17,400 square foot building is constructedof brick,woodandmasonry.Gino’sEastrecently invested $1,000,000 in tenant improvements to the building bringing it to elite twenty-firstcenturystandardsandevidencingtheircommitmenttothislocation.

Gino’sEastrecentlysignedatenyearleasethatisscheduledtoexpireinJuly2023.Theleasefeatures10%rentalescalationsandnolandlordresponsibilities.Gino’sEastisaprivatelyheldcompanythatisoneoftheoriginalChicago-stylepizzarestaurants.InadditiontotheelevenlocationslocatedthroughouttheChicagoMSA,Gino’sEastoperatesamail-orderbusinesswherepatronsfromaroundthecountrycanorderfrozenpizzasandhavethemshippedovernight.

EXECUTIVE SUMMARY

EXECUTIVE SUMMARY

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• LocatedwithinChicago’svibrantRiverNorthneighborhood

• RareopportunitytoacquireatrophyChicagosingletenantpropertyinacorelocation

• CentrallylocatedamongstChicago’smostvisitedtouristattractions

• Gino’sEastrecentlysigneda10yearlease

• Gino’sEastiscommittedtothelocationasevidencedbythe$1,000,000renovationrecentlymadetothebuilding

• Leasefeatures10%rentalescalationseveryfiveyears

• Gino’sEastisaniconicChicago-stylepizzachain

• RelocationofGino’sEastflagshiplocationthatwaspreviouslylocatedthreeblocksnorth

• Nolandlordresponsibilities

• LocatedalongNorthLaSalleStreetlessfourblocksfromtheChicagoLoop

• Surroundedbyhighriseresidential,hotel,andofficebuildingsinarapidlydevelopingarea

• Locatedatasignalizedintersection(25,000VPD)

• ThreeblocksfromoneofChicago’smainpointsofentryandexit,theOhioStreet/OntarioStreetfeederramps

• Approximately90,000peoplelivingwithinaonemilerangeofthepropertyearningaveragehouseholdincomesofapproximately$110,000

INVESTMENT HIGHLIGHTS

INVESTMENT HIGHLIGHTS

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PROPERTY OVERVIEW

PROPERTY OVERVIEW

Price: $7,000,000

CapRate: 6.00%

RentSchedule: NOI EscalationDate

$420,000$462,000 7/1/2018$508,200 7/1/2023(Option1)$559,020 7/1/2028(Option2)$614,922 7/1/2033(Option3)$676,416 7/1/2038(Option4)$744,060 7/1/2043(Option5)

RentalEscalations: 10%EveryFiveYears

RenewalOptions: Five5-Year

LeaseCommencementDate: January1,2013

LeaseExpirationDate: June30,2023

Tenant: Gino’sEast

YearRenovated: 2013

LeaseType: NNN

RentableSquareFeet: 17,400SF

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AERIALS

AERIALS

25,000 VPDLASALLE STR

EET

28,000 VPDOHIO STREET

22,000 VPDONTARIO STREET

ROCK N’ ROLL MCDONALD’S

N

941 MILE

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AERIALS

AERIALS

OHIO/ONTARIO RAMP

OGILVIE STATION

LAKE MICHIGAN

N

MICH

IGAN

AVENUE

CHICAGO RIVER

THE LOOP

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MAPS

MAPS

MICH

IGAN

AVENUE

HANCOCK CENTER

THE SHOPS ATNORTH BRANCH

TRUMP TOWERMERCHANDISE MART

LOYOLA UNIVERSITY

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PHOTOGRAPHS

PHOTOGRAPHS

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TENANT PROFILE

TENANT PROFILE

Gino’s East isaChicago-basedrestaurantchain,notableforitsdeep-dish,Chicago-stylepizza.Therestaurantfeaturesdeep-dishpizzabakedincast-ironpans,aswellassandwiches,soups,andsalads.ThefirstGino’sEastopenedin1966bytwotaxidriversandafriend.ThecompanysubsequentlyopenedotherlocationsthroughouttheChicagoMetropolitanArea.Today,thereareelevenGino’sEastlocationsthroughoutChicagolandwithfourlocationsinthecityofChicago.

Inadditiontotheirrestaurantbusiness,Gino’sEastoperatesamail-orderbusiness,wherepatronsfromaroundthecountrycanorderfrozenpizzasandhavethemshippedovernight.

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DEMOGRAPHIC COMPARISON REPORT

DEMOGRAPHIC COMPARISON REPORT

Population 1-mi 3-mi 5-mi

TotalPopulation 89,389 336,576 797,930

TotalHouseholds 57,230 180,461 370,342

Income

MedianHouseholdIncome $73,669 $64,649 $53,098

AverageHouseholdIncome $108,321 $97,746 $82,348

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LOCATION OVERVIEW

LOCATION OVERVIEW

River NorthisarapidlydevelopingandtransformingneighborhoodinthecityofChicago.AcommondefinitionputstheDistrictintheareanorthoftheChicagoRiverandtheMerchandiseMart,southofChicagoAvenue,eastoftheChicagoRiverandwestofMichiganAvenue.RiverNorthhasexperiencedvastchanges in theyears1990-2012 includingthedevelopmentofvasthighrisebuildings,nightclubsandrestaurants.RiverNorthhasbecomeoneofChicago’stopneighborhoodsfornightlifeespeciallyalongFranklinAvenueandHubbardStreet.Italsohoststhelargestconcentrationofartgalleries intheUnitedStates,outsideofManhattan.With itscloseproximitytoMichiganAvenue,theLoop,MerchandiseMartandtheKennedyExpressway,inadditiontoarecentincreaseintheresidentialpopulation,RiverNorthhasbecomeaurban

lifestyledestinationforfashion,home,finediningandnightlife.

ChicagoisthemostpopulouscityintheMidwesternUnitedStatesandthethirdmostpopulouscityintheUnitedStateswith2,700,000residents.ChicagoisthecountyseatofCookCounty,thesecondlargestcountyintheUnitedStates.TheChicagoMSAisthethirdmostpopulatedmetropolitanareaintheUnitedStateswith9,580,567residents.TheMSAcoversover1,300squaremilesandsixcounties.TheChicagometropolitanareaishometothecorporateheadquartersof57Fortune1000companies,includingBoeing,McDonald’s,Motorola,DiscoverFinancialServicesandUnitedAirlines.Chicagoisamajorhubforindustry,telecommunicationsandinfrastructureandO’HareInternationalAirportisoneofbusiestairportintheworldintermsofvolume.

ThemetroisamajorfinancialcenterinNorthAmerica,andishometothelargestfuturesexchangeintheUnitedStates,theCMEGroup.ChicagoisthirdintheworldontheGlobalFinancialCentersIndexwhichranksthecompetitivenessoffinancialcentersbasedonpeople,businessenvironment,marketaccess,infrastructureandgeneralcompetitiveness.

www.cityofchicago.org

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666DundeeRoad,Suite1801Northbrook,IL60062

Randy BlanksteinPresident847.562.0003randy@bouldergroup.com

Jimmy GoodmanPartner847.562.8500jimmy@bouldergroup.com

CONTACT INFORMATION

CONTACT INFORMATION