NNN Leased Family Dollar Property

NET LEASED INVESTMENT OFFERING

CONFIDENTIAL OFFERING MEMORANDUM

www.bouldergroup.com

Family Dollar61 East Ridge Road

Gary, IN 46409 (Chicago MSA)



TABLE OF CONTENTS

TABLE OF CONTENTS

Confidentiality & Disclaimer

Executive Summary

Property Overview

Aerial

Maps

Tenant Profile

Demographic Comparison Report

Location Overview

Contact Information

1)

2)

3)

4)

5)

6)

7)

8)

9)



CONFIDENTIALITY & DISCLAIMER

CONFIDENTIALITY & DISCLAIMER

The information contained in the following Marketing Brochure 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 Marketing Brochure 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, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure 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.

INVESTMENT HIGHLIGHTS



EXECUTIVE SUMMARY

EXECUTIVE SUMMARY

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Family Dollar property located in the Chicago metropolitan area. The 11,460 square foot Family Dollar was built in 2005. Gary, Indiana is located 30 miles south of downtown Chicago. Gary remains involved with heavy manufacturing and U.S. Steel is the largest employer in the area with 6,800 employees.

The property is located on the corner of Ridge Road and Broadway. The subject is benefitted by a traffic signal on the hard corner which creates constant traffic flow at the property. Just one-third of a mile north of the property is the University of Indiana – Northwest campus and its 5,000 undergraduate students. The property is located in a dense area filled with single family homes.

Family Dollar’s original lease term is for 10 years with four 5-year renewal options and the lease expires in December 2015. Family Dollar is a publicly traded company on the New York Stock Exchange (FDO), with a market capitalization of $5 Billion. Family Dollar is an investment grade tenant with a Standard and Poor’s rating of BBB-.

•Investment grade tenant

•Rental rates increase in option periods

•Less than one-third mile from Indiana University – Northwest (5,000 students)

•Positioned near a dense area filled with single family homes

•Located within the Chicago MSA



PROPERTY OVERVIEW

PROPERTY OVERVIEW

Price:

Cap Rate:

Net Operating Income:

Renewal Options:

Lease Commencement Date:

Lease Expiration Date:

Tenant:

Credit Rating:

Year Built

Lease Type:

Rentable Square Feet:

Land Acreage:

$1,026,084

8.50%

$87,217 $95,939 – January 1, 2016 (1st option)$105,533 – January 1, 2021 (2nd option)$116,086 – January 1, 2026 (3rd option)$127,695 – January 1, 2031 (4th option)

Four 5-year renewal options

July 1, 2005

December 31, 2015

Family Dollar

BBB- (Standard and Poor’s)

2005

NN (roof and structure)

11,460

27,007 SF



AERIAL

AERIAL

23,7

00 A

DT



MAPS

MAPS

SITE

SITE



TENANT PROFILE

TENANT PROFILE

Website:Number of Locations:Stock Symbol: Standard & Poor’s Rating:Market Capitalization:

www.familydollar.com6,617FDO : NYSEBBB-$5 Billion

Family Dollar is a regional chain of variety stores in the United States and is a leader in the dollar store industry. It opened in 1959 and operates approximately 6,817 stores in 44 states and the District of Columbia. Family Dollar offers a mix of quality name brand products that customers use every day. This includes items from consumable products, home goods, quality apparel for men, women and children, seasonal products, greeting cards, gift-wrap and more. Family Dollar is currently ranked #302 on the Fortune 500. Family Dollar runs small neighborhood stores near its low- and middle-income customers in rural and urban areas. Most merchandise costs less than $10.



DEMOGRAPHIC COMPARISON REPORT

DEMOGRAPHIC COMPARISON REPORT

Population

Total Population

Total Households

1-mile

3-mile

66,679

24,743

5-mile

156,130

59,659

Median Household Income

Average Household Income

$39,201

$48,212

$44,645

$52,855

Income 1-mile 3-mile 5-mile

15,022

5,103

$37,585

$46,255



LOCATION OVERVIEW

LOCATION OVERVIEW

Gary is a city in Lake County, Indiana. Gary is located in the Chicago metropolitan area, in the state of Indiana. The population at the 2010 census was 89,294, making Gary the seventh largest city in the state of Indiana. Gary is located on the shores of Lake Michigan and has access to three interstates.

Gary is home to the University of Indiana – Northwest. IU-Northwest is home to over 5,000 undergradu-ate students and over 600 graduate students.

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, telecom-munications 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 major 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 competitive-ness of financial centers based on people, business environment, market access, infrastructure and general competitive-ness.



CONTACT INFORMATION

CONTACT INFORMATION

666 Dundee Road Suite 1801Northbrook, IL 60062

|

Randy [email protected]

Jimmy [email protected]

NNN Leased Family Dollar Property

Business

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