1609-1617 IL-50, Bradley, IL 60914

five guys, firehouse subs& lacey’s

Click for Map [ www.CapitalPacific.com ]

offered as part of a portfolio: click here for adjacent property

New Construction Three Tenant Outparcel to Target Anchored Center in the Greater Chicago Area

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FIVE GUYS, FIREHOUSE SUBS & LACEY’S PLACE | 2

RentaBLe SF . . . . . . . . . . . 6,200 SF

PRICe PeR SF . . . . . . . . . . $459 .03

yeaR BuILt . . . . . . . . . . . 2016

PRICE: $2,846,000CAP: 7.25%

HIgH IdEntIty QuAlIty ConstRuCtIon MultI-tEnAnt AssEt sItuAtEd Along tHE PRIMARy REtAIl CoRRIdoR of BRAdlEy, Il. fEAtuRIng A CoRPoRAtE fIvE guys And onE of tHE toP PERfoRMIng fIREHousE suB loCAtIons In tHE CountRy

The subject property is located in a thriving retail node along heavily-trafficked North Kinzie Avenue (IL Rte 50), in Bradley, IL, a dynamic community located approximately fifty-five miles from downtown Chicago .

Bradley’s economy and population feature a healthy mix of local industry and Chicago commuters, with the average household income within a 1-mile range in excess of $71,000 per year (well above the national average) .

In addition to the subject property, the center includes a freestanding, two-tenant Chipotle and Mattress Firm adjacent to the subject property . Each lease for the center features 10 years of primary term and attractive rent increases . Please click here for adjacent property OM .

investment highlights

listing Team Contact info

Capital Pacific collaborates . Click Here to meet the rest of our San Francisco team .

chris kostaneckick@capitalpacific .com | (415) 274-2701CA BRE# 01002010

zeb ripplezripple@capitalpacific .com | (415) 274-2702CA BRE# 01242540

chris peterscpeters@capitalpacific .com | (415) 274-2703CA BRE# 01339983

jack navarrajnavarra@capitalpacific .com | (415) 274-2705CA BRE# 01909630

In conjunction with IL Licensed Broker:Keeler Real Estate, LLC | (312) 263-1010

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

FIVE GUYS, FIREHOUSE SUBS & LACEY’S PLACE | 3

core characteristicsThe subject property is a 6,200 square foot retail pad featuring a corporate Five Guys Burgers and Fries, a top performing Firehouse Subs, and Lacey’s Place . Pad to a Target anchored shopping center that includes Michaels, Staples, Marshalls, Barnes & Noble, and Party City, the subject property is situated directly across the street from the main entrance to the 527,186 SF Northfield Square Mall, the only enclosed mall within a 40-mile radius .

Additionally offered for sale is the adjacent two-tenant Chipotle & Mattress Firm . Both tenants in the neighboring property feature 10- year, corporate signature leases . Please click here for a link to the OM including more information on the adjacent parcel .

Lease HigHLigHtsThe subject property is 100% occupied and boasts a desirable lineup of national and regional retailers, all of which are on 10-year leases with 10% rent escalations every 5 years . This offering represents an opportunity for an investor to acquire a net leased asset with the combination of long-term leases and attractive rent increases .

• All tenants feature 10-year net leases• 10% increases every five years in primary term and options• All tenants have two five-year options

HigH identity Location witH curb appeaLThe subject property is a pad to Water Tower Plaza, a Target anchored shopping center, and enjoys excellent visibility and access due to its location at the immediate signalized intersection entrance to the center . The high quality and attractive improvements are prominently featured by the center’s excellent visibility from the trade area’s premier thoroughfare . The center is directly across the street from the Northfield Square Mall, which features a newly renovated (2016) Cinemark 10-screen movie theater, Best Buy, Sears, JC Penny, Panera Bread, Red Lobster, Holiday Inn, Fairfield Inn, and a host of other complimentary service and retail drivers .

eXceLLent retaiL MarKetBradley is the principal city of the Kankakee-Bradley MSA, which includes all of Kankakee County, a population of over 116,000 . The village of Bradley supports a primarily white collar workforce, with over 49% of its working population in office related jobs . The balance of the workforce is rounded out with both service and retail focused employment .

Bradley is home to two universities, Olivet Nazarene and Governors State, which have a combined student enrollment of over 14,000 annually . Located only 55 miles from Chicago, Bradley benefits from its excellent proximity to the nation’s 4th most populous city, 2 international airports (O’Hare and Midway), and an incredibly diverse regional economy including tourism, manufacturing, finance, sporting events, higher education, and art .

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

FIVE GUYS, FIREHOUSE SUBS & LACEY’S PLACE | 4

aerial Located amongst BradLey’s densest concentration of nationaL retaiLers

e 400n Road

n 300e Roade300n Road

e 400n Road

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n Kinzie avenue

50

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asPen ridge goLf coUrse

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chicago

Bradley Square

Northfield Mall

26,000 da

iLy

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

Lacey’s PLace

water tower PLaza

FIVE GUYS, FIREHOUSE SUBS & LACEY’S PLACE | 5

FIVE GUYS, FIREHOUSE SUBS & LACEY’S PLACE | 6

PLease cLick here for adjacent ProPerty om

subject property

FIVE GUYS, FIREHOUSE SUBS & LACEY’S PLACE | 7

subject property

PLease cLick here for adjacent ProPerty om

FIVE GUYS, FIREHOUSE SUBS & LACEY’S PLACE | 8

subject property

PLease cLick here for adjacent ProPerty om

FIVE GUYS, FIREHOUSE SUBS & LACEY’S PLACE | 9

sUrroUnded By a dense

concentration of nationaL

retaiLers

surrounding retail

FIVE GUYS, FIREHOUSE SUBS & LACEY’S PLACE | 10

Currentprice: $2,846,000

capitalization rate: 7.25%

price per square Foot: $459.03Total Leased (SF): 100 .00% 6,200

Total Vacant (SF): 0 .00% 0 Total Rentable Area (SF): 100 .00% 6,200

iNCOMe Per Square footScheduled Rent $33 .39 $207,000Expense Reimbursement $7 .71 $47,779

effeCTive GrOSS iNCOMe $254,779

eXPeNSeCAM ($4 .17) ($25,828)Insurance ($0 .80) ($4,990)Property Taxes ($1 .91) ($11,837)Management Fee & Admin ($0 .83) ($5,167)Capital Expenditure Reserve ($0 .10) ($620)

TOTAl OPerATiNG eXPeNSeS ($7.81) ($48,442)

NeT OPerATiNG iNCOMe $206,337

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

income & expense

FIVE GUYS, FIREHOUSE SUBS & LACEY’S PLACE | 11

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

TeNANT iNfO leASe TerMS reNT SUMMArY

tenant sq. Ft. percent of gLa term Monthly rent

annual rent rent/Ft

Firehouse Subs 2,200 35 .48% 08/19/16 08/31/21 $6,417 $77,000 $35 .00

09/01/21 08/31/26 $7,058 $84,700 $38 .50

Option 1 09/01/26 08/31/31 $7,764 $93,170 $42 .35

Option 2 09/01/31 08/31/36 $8,541 $102,487 $46 .59

Lacey’s 1,600 25 .81% Feb-17 02/28/22 $4,333 $52,000 $32 .50

03/01/22 02/28/26 $4,767 $57,200 $35 .75

Option 1 03/01/26 02/28/30 $5,243 $62,920 $39 .33

Option 2 03/01/30 02/28/34 $5,768 $69,212 $43 .26

Five Guys 2,400 38 .71% 09/29/16 09/30/21 $6,500 $78,000 $32 .50

10/01/21 09/30/26 $7,150 $85,800 $35 .75

Option 1 10/01/26 09/30/31 $7,865 $94,380 $39 .33

Option 2 10/01/31 10/01/31 $8,652 $103,818 $43 .26

occupied 6,200 100.00% $17,250 $207,000 $33.39

Vacant 0 0.00%

current totals: 6,200 100.00%

rent roll

FIVE GUYS, FIREHOUSE SUBS & LACEY’S PLACE | 12

site plan

SIte PLan Key

PARCEL OUTLINE:

BUILdING AREA: 6,200 SF

INGRESS/EGRESS:

26,0

00 D

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Ken Hayes Drive

Brad

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entRanCe FOR water tower PLaza

Lacey’s PLace

PyLOn SIGn

adjacent property for sale. click here for om

This site plan is a rendering that has been created based on sources we believe to be reliable, however we make no representations or warranties, expressed or implied, as to the accuracy of the rendering. Buyer must verify the information and bears all risk for any inaccuracies. FIVE GUYS, FIREHOUSE SUBS & LACEY’S PLACE | 13

tenants

Twenty years after opening, Five Guys has over 1,000 locations in 47 states and 6 Canadian provinces and over 1,500 in development . The overwhelming success of franchising a local restaurant made national news with articles in many trade publications including Nation’s Restaurant News, Restaurant Business Magazine, and the Franchise Times . Five Guys is a privately owned company . Their menu offers a variety of hamburgers, hot dogs, and sandwiches in addition to fries, milkshakes, and soft drinks .

FiVe guys

Vanderbilt’s Firehouse, Inc . is a three unit operator of Firehouse Subs based in the southern Chicagoland area . Their first location was opened in Orland Park in december of 2012 . The Bradley location has proven to be not only Vanderbilt’s Firehouse, Inc’s top performing location, but one of the top performing locations in the region as well as in the entire country, In Mid-August of 2016, this location was #1 in greater Chicago while being open for only 3 days . In Sept of 2016, the Bradley store was #3 out of all 1030+ plus Firehouse Sub locations throughout the country .

Click here for more information on this location’s impressive historical performance .

FireHouse subs

Lacey’s Place is a video gaming parlor featuring drinks and food in a cozy atmosphere . Founded in 2014, Lacey’s currently has 30 units in Illinois that offer a variety of video games and slot machines . The concept has enjoyed early success and is rapidly expanding with another 30 units expected to be opened by the end of the year .

Lacey’s pLace

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

Corporate 4 units; historically a top performing unit in chain

Rapidly expanding 30 unit operator

FIVE GUYS, FIREHOUSE SUBS & LACEY’S PLACE | 14

2016 hoUsehoLd incomes

PoPULation

toP emPLoyers in kankakee coUnty, iL

demographics & map

Riverside HealthcareShapiro developmental CenterProvena St . Mary’s HospitalCIGNA HealthcareBaker & Taylor Co .Sears Logistics ServicesCSL BehringK-Mart distribution Center

BradLey

1 hoUr55 miLes

FIVe GuyS, FIReHOuSe SuBS & LaCey’S PLaCe LOCatIOn

ReGIOnaL maP

FIVe GuyS, FIReHOuSe SuBS & LaCey’S PLaCe

26,0

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chicago

1-Mile 3-Mile 5-Mile

2010 4,312 37,439 72,2222016 4,392 37,284 71,4112021 4,393 36,836 70,318

1-Mile 3-Mile 5-Mile

Average $71,306 $69,358 $62,401Median $60,575 $53,897 $47,096

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

FIVE GUYS, FIREHOUSE SUBS & LACEY’S PLACE | 15

bradley, il

Bradley is a village in Kankakee County, IL, that is home to nearly 16,000 people . The communities largest industries include accommodation and food services, healthcare, manufacturing, and retail trade . Bradley is home to 1 .6 million square feet of retail space and nine major retail centers . The largest centers include Bradley Commons Regional Mall, Northfield Square Mall, Water Tower Plaza, and Village Square Shopping Center, all of which range from 175,000 to 537,186 square feet . Bradley also has four retail properties currently in its construction pipeline including a 100,000 square foot power center . While Bradley supports its own economy, over 25% of its population travels at least 30 minutes to work in the outskirts of the Chicago MSA . Bradley is also a hub of education as the home of Olivet Nazarene University (6,000 students) and Governers State University (8,000 students) .

overview

nearBy traffic drivers

• Bradley is located just an hour south of Chicago, the third most populous city in the country with 2 .7 million residents and over 60 million tourists annually .

• Located just 64 miles from the subject property, the Chicago O’Hare International Airport is the fourth busiest airport in the world, serving an estimated 76 .9 million passengers in 2015 alone .

• Kankakee Airport is a privately owned public use airport, and the largest airport between the Chicago Midway Airport and Champaign Airport . It is located just 15 minutes from the subject property .

• Northfield Square Mall, less than a mile from the subject property, is the only enclosed regional mall in the area, serving a trade area population of more than 165,000 .

[ chicago, il ]

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

FIVE GUYS, FIREHOUSE SUBS & LACEY’S PLACE | 16

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GReGG SteeLe

aaROn SuSman

Capital Pacific collaborates . Click Here to meet the rest of our San Francisco team .

CHRIS KOStaneCKIck@capitalpacific .com | (415) 274-2701CA BRE# 01002010

zeB RIPPLezripple@capitalpacific .com | (415) 274-2702CA BRE# 01242540

CHRIS PeteRScpeters@capitalpacific .com | (415) 274-2703CA BRE# 01339983

jaCK naVaRRajnavarra@capitalpacific .com | (415) 274-2705CA BRE# 01909630

In conjunction with IL Licensed Broker:Keeler Real Estate, LLC | (312) 263-1010