Net Lease Property For Sale

Randy Blankstein | President

847.562.0003

[email protected]

Jimmy Goodman |Partner

847.562.8500

[email protected]

www.bouldergroup.com

Tuffy Auto Service Center

3190 North Aurora Road

Aurora, IL 60502

(Chicago MSA)

Representative Rendering

NET LEASED INVESTMENT OFFERING


847.562.0003

[email protected]


847.562.8500

[email protected]


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.

CONFIDENTIALITY & DISCLAIMER

NET LEASE OPPORTUNITY


847.562.0003

[email protected]


847.562.8500

[email protected]


TUFFY AUTO SERVICE CENTER - AURORA, IL (CHICAGO MSA) 3190 North Aurora Road, Aurora, Illinois 60502

EXECUTIVE SUMMARY


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

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 rent-

al 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

[email protected]


847.562.8500

[email protected]


Price:

Cap Rate:

Average Cap Rate:

Building Size:

Site Size:

Year Built:

Lease Start Date:

Lease Expiration:

$1,524,000

7.00%

7.76%

3,900 SF

33,000 SF

2007

October 16, 2007

November 1, 2027

Rent Schedule:

Renewal Options:

Landlord Obligations:

$106,680

$117,108

$128,580

$141,438

$155,582

Two 5-Year Options

Structure

10/16/2017

10/16/2022

11/1/2027 (Option 1)

11/1/2032 (Option 2)


Escalation Date

PROPERTY OVERVIEW




847.562.0003

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847.562.8500

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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

Population:

Total Households

Avg. Household Income:

1-MILE

7,485

2,686

$137,565

3-MILE

79,911

29,669

$88,523

5-MILE

248,965

84,243

$88,484




847.562.0003

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847.562.8500

[email protected]


Aerial


North Aurora Rd (19,500



847.562.0003

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847.562.8500

[email protected]


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

[email protected]


847.562.8500

[email protected]


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 Auro-

ra 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 metro-

politan 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 Ser-

vices and United Airlines. Chicago is a major hub for industry, telecommunications and infrastruc-

ture 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 environ-

ment, market access, infrastructure and general competitiveness.


Net Lease Property For Sale

Real Estate

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