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Portfolio PurchaseTriple Net Lease

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  • NATIONAL NET LEASE PORTFOLIO - TOP 5 MSASChicago - New York - Dallas-Ft. Worth

    (Chicago MSA) (Chicago MSA)

    (Dallas-Ft. Worth MSA) (New York City MSA)

  • TABLE OFCONTENTS:

    TABLE OF CONTENTS

    I. Portfolio SummaryExecutive OverviewPortfolio Highlights List of PropertiesPortfolio MapAssumable Financing

    II. Walgreens - Chicago, ILExecutve SummaryProperty HighlightsSite Plan & DemographicsProperty OverviewMapsAerialLocation & Tenant Overview

    III. Chase Bank Ground Lease - Wauconda, ILExecutve SummaryProperty HighlightsSite Plan & DemographicsProperty OverviewMapsAerialLocation & Tenant Overview

    IV. Mattress Firm Supercenter - Irving, TXExecutve SummaryProperty HighlightsSite Plan & DemographicsProperty OverviewMapsAerialLocation & Tenant Overview

    V. Advance Auto Parts - Scotch Plains, NJExecutve SummaryProperty HighlightsSite Plan & DemographicsProperty OverviewMapsAerialLocation & Tenant Overview

    NET LEASE INVESTMENT OFFERING

  • 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 properties. 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.

    DISCLAIMER STATEMENT

    NET LEASE INVESTMENT OFFERING

    DISCLAIMERSTATEMENT:

  • NET LEASE INVESTMENT OFFERING

    The Boulder Group is pleased to exclusively market for sale a four property single tenant net lease portfolio located in three of the nations top four largest MSAs. The portfolio consists of a Walgreens, Chase Bank ground lease, Mattress Firm SuperCenter, and Advance Auto Parts store all with long term leases. The Walgreens and Chase Bank are located in the Chicago MSA, the Mattress Firm is located in the Dallas-Fort Worth MSA and the Advance Auto Parts is located in the New York City MSA. All four of the properties are located in strong retail corridors and tenanted by publicly traded companies. Over 77% of the portfolio NOI is derived from investment grade rated companies. All four properties are located in affluent areas with average annual household incomes in excess of $100,000.

    The property is being sold with assumable financing that has a cash-on-cash return of 6.45% and increases throughout the term.

    PORTFOLIO SUMMARY

    PORTFOLIOSUMMARY:

  • NET LEASE INVESTMENT OFFERING

    Properties are located in three of the countrys top four largest MSAs; New York City, Chicago, and Dallas-Fort Worth

    All four properties are tenanted by publicly traded companies (NASDAQ: WBA, NYSE: JPM, NASDAQP: MFRM & NYSE: AAP)

    Over 77% of the total NOI is from investment grade rated companies

    All four properties are strategically located in strong retail corridors

    Annual household incomes for the properties are in excess of $100,000

    Walgreens and Chase Bank are on long term leases with over 14 years remaining on each

    Portfolio cash-on-cash return of 6.45%

    Weighted average lease term remaining is 12 years

    PORTFOLIO HIGHLIGHTS

    Walgreens (Chicago MSA) Chase Bank (Chicago MSA) Mattress Firm (Dallas-Ft. Worth MSA) Advance Auto Parts (New York City MSA)

    PORTFOLIOHIGHLIGHTS:

  • NET LEASE INVESTMENT OFFERING

    Price: $21,400,000

    Cap Rate: 5.46%

    Net Operating Income: $1,168,960

    Cash-on-Cash Return: 6.45%

    Total Building Size: 35,080 SF

    Total Land Size: 178,984 SF

    PORTFOLIO OVERVIEW

    New Braunfels (San Antonio MSA)

    PORTFOLIOOVERVIEW:

  • NET LEASE INVESTMENT OFFERING

    LIST OF PROPERTIES

    Tenant City StateBuilding

    Size

    NOILease

    Expiration EscalationsRenewalOptions

    Chicago IL 13,650 SF $490,000 4/30/2029 None Ten 5-Year

    (GL) Wauconda IL 4,195 SF $207,200 12/31/2029 12% Every Five Years Four 5-Year

    Irving TX 11,115 SF $266,760 12/31/2023 10% in Year 6 & Each Option Two 5-Year

    Scotch Plains NJ 6,120 SF $205,000 4/30/2024 5% in Each Option Three 5-Year

    Total: 35,080 SF $1,168,960

    Properties must be purchased as a portfolio

    LIST OFPROPERTIES:

  • NET LEASE INVESTMENT OFFERING

    ASSUMABLE FINANCING

    Loan Balance $9,866,000

    Repayment Date: December 1, 20221

    Maturity Date: April 1, 2024

    Interest Rate: 4.305%

    Annual Debt Service: $424,731

    Amortization: Interest Only2

    Cash-on-Cash: 6.45%

    1) If the loan is not prepaid on or before the repayment date of December 1, 2022, the interest rate becomes variable and is the greater of 3% plus i.) 4.305% or ii.) ten year swap yield plus principal. The total annual debt service will become $645,026.

    2)The loan is interest only until the December 1, 2022 repayment date.

    CASH ON CASH: 2015 2016 2017 2018 2019 2020 2021 2022

    Walgreens $490,000 $490,000 $490,000 $490,000 $490,000 $490,000 $490,000 $490,000Chase Bank $207,200 $207,200 $207,200 $207,200 $219,632 $232,064 $232,064 $232,064Mattress Firm $266,760 $266,760 $293,436 $293,436 $293,436 $293,436 $293,436 $293,436Advance Auto Parts $205,000 $205,000 $205,000 $205,000 $205,000 $205,000 $205,000 $205,000Total NOI $1,168,960 $1,168,960 $1,195,636 $1,195,636 $1,208,068 $1,220,500 $1,220,500 $1,220,500

    Annual Debt Service ($424,731) ($424,731) ($424,731) ($424,731) ($424,731) ($424,731) ($424,731) ($424,731)

    Cash Flow $744,229 $744,229 $770,905 $770,905 $783,337 $795,769 $795,769 $795,769

    Return 6.45% 6.45% 6.68% 6.68% 6.79% 6.90% 6.90% 6.90%

    ASSUMABLEFINANCING:

  • NET LEASE INVESTMENT OFFERING

    PORTFOLIO MAP

    Chicago MSA

    Chicag MSANew York City MSA

    Dallas-Ft. Worth MSA

    PORTFOLIO MAP:

  • WALGREENS | CHICAGO, IL

  • NET LEASE INVESTMENT OFFERING

    The 13,650 square foot Walgreens was built in 2004 and benefits from its location in a dense infill area of Chicago. The Walgreens is located at the heavily trafficked signalized intersection of South Western Avenue and West 103rd street. This intersection experiences traffic counts in excess of 56,000 vehicles per day. Nearby retailers include Walmart, Sams Club, Menards, Meijer, and Ross Dress For Less.

    The property is located in the Beverly neighborhood, which is home to the Ridge Country Club and the Beverly Country Club. There are approximately 22,500 people living within a one mile radius of the property earning average annual household incomes of approximately $100,000. Additionally, there are over 209,000 people living within a three mile radius of the property.

    Walgreens has operated at this location since 2004 and has a successful operating history with excellent reported store sales. There are over 14 years remaining on the Walgreens lease that expires April 2029. The original 25 year Walgreens lease features no landlord responsibilities and ten 5-year renewal option periods. Walgreens is an investment grade rated company (S&P: BBB) and is publicly traded (NASDAQ: WBA) with a market capitalization in excess of $89 billion.

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    Located in a densely populated part of Chicago

    Investment grade rated tenant (S&P: BBB)

    Long term lease with over 14 years remaining Strong reported store sales

    No landlord responsibilities

    Positioned at the hard corner of a heavily trafficked signalized intersection Affluent area with over 22,000 people living within a one mile radius earning annual

    household incomes of approximately $100,000

    Approximately 210,000 people living within a three mile radius

    Nearby retailers include Walmart, Sams Club, Menards, Meijer, and Ross Dress For Less

    Population 1-Mile 3-Mile 5-Mile

    Total Population 22,487 209,193 535,302

    Total Households 8,511 75,435 189,248

    Income 1-Mile 3-Mile 5-Mile

    Median Household Income $78,571 $52,387 $434,839

    Average Household Income $99,800 $68,385 $58,213

    WALGREENS | CHICAGO, IL

    PROPERTY HIGHLIGHTS:

    DEMOGRAPHIC REPORT:

    EXECUTIVE SUMMARY: SITE PLAN:

  • NET LEASE INVESTMENT OFFERING

    WALGREENS | CHICAGO, IL

    NOI: $490,000Lease Commencement: April 2, 2004Lease Expiration: April 30, 2029Rental Escalations: FlatRenewal Options: Ten 5-YearBuilding Size: 13,650 SF Land Size: 33,910 SFYear Built: 2004Lease Type: NNNProperty Address: 2345 West 103rd Street

    Chicago, IL 60643

    PROPERTY OVERVIEW:

    Lake Michigan

    LOCATION MAPS:

  • NET LEASE INVESTMENT OFFERING

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    WALGREENS | CHICAGO, IL

    AERIAL:

  • NET LEASE INVESTMENT OFFERING

    WALGREENS | CHICAGO, IL

    Walgreens is engaged in retail drugstore business. The company operates 8,217 locations in all 50 states, the District of Columbia, Puerto Rico and Guam. The company also operates worksite health centers, home care facilities, and specialty and mail service pharmacies. Its Take Care Health Systems subsidiary manages more than 715 in-store convenient care clinics and worksite health and wellness centers. The Companys drugstores are engaged in the retail sale of prescription and non-prescription drugs and general merchandise. General merchandise includes, among other things, household items, personal care, convenience foods, beauty care, photofinishing, candy, and seasonal items. Walgreens offers customers the choice to have prescriptions filled at the drugstore counter, as well as through the mail, by telephone, and through the Internet. In September 2013, Walgreens announced that its acquisition of Kerr Drug and its 76 locations.

    Walgreens is a publicly traded company on the NASDAQ, WBA, with a market capitalization in excess of $89 billion. Walgreens is an investment grade rated company with a Standard and Poors rating of BBB.

    Website: www.walgreens.comNumber of Locations: 8,217 Stock Symbol: WBA: NASDAQStandard & Poors Rating: BBBMarket Capitalization: $89 Billion

    TENANTPROFILE:

    LOCATIONOVERVIEW:

    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 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, McDonalds, Motorola, Discover Financial Services and United Airlines. Chicago is a major hub for industry, telecommunications and infrastructure and OHare International Airport is the second busiest airport in the world in terms of volume.

    The metro is 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 competitiveness of financial centers based on people, business environment, market access, infrastructure and general competitiveness.

  • CHASE BANK | WAUCONDA, IL

  • NET LEASE INVESTMENT OFFERING

    The 43,563 square foot Chase Bank ground lease property is strategically located off of Illinois Route 59 (Rand Road). This heavily trafficked primary north-south thoroughfare experiences traffic counts in excess of 35,000 vehicles per day. The Chase Bank benefits from its location across the street from a Jewel-Osco anchored strip center. Additional retailers located in the immediate vicinity include PNC Bank, McDonalds, Walgreens, Ace Hardware, and Fifth-Third Bank.

    The Chase Bank is located in Wauconda; an affluent village of the Chicago MSA. There are over 66,000 people living within a five mile radius of the property earning average annual household incomes in excess of $122,000.

    This Chase Bank location has strong branch deposits in excess of $79,000,000. Chase Bank has over 14 years remaining on their ground lease that expires December 2029. The lease features 12% rental escalations every five years throughout the primary term and renewal option periods. There are no landlord responsibilities. Chase Bank is an investment grade rated company (S&P: A+) and is publicly traded (NYSE: JPM) with a market capitalization in excess of $229 billion.

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    Located within the Chicago MSA

    Investment grade rated tenant (S&P: A+)

    Long term lease with over 14 years remaining 12% rental escalations every five years in the primary term and in each renewal

    option period

    Strong branch deposits ($79,000,000+) No landlord responsibilities

    Positioned just off of Illinois Route 59 (Rand Road) which experiences traffic counts in excess of 35,000 vehicles per day

    Affluent area with over 66,000 people living within a five mile radius earning annual household incomes of approximately $123,000

    Across the street from a Jewel-Osco anchored retail center

    Population 1-Mile 3-Mile 5-Mile

    Total Population 5,760 26,681 66,925

    Total Households 2,188 10,231 23,922

    Income 1-Mile 3-Mile 5-Mile

    Median Household Income $65,016 $81,599 $94,092

    Average Household Income $83,341 $108,591 $122,849

    CHASE BANK | WAUCONDA, IL

    EXECUTIVE SUMMARY: SITE PLAN:

    PROPERTY HIGHLIGHTS:

    DEMOGRAPHIC REPORT:

  • NET LEASE INVESTMENT OFFERING

    CHASE BANK | WAUCONDA, IL

    Lake Michigan

    Lake

    Michigan

    NOI: $207,200Lease Commencement: June 29, 2009Lease Expiration: December 31, 2029Rental Escalations: 12% Every Five Years Renewal Options: Four 5-Year (12% Escalations)Building Size: 4,195 SF Land Size: 43,563 SFYear Built: 2009Lease Type: Ground LeaseBranch Deposits: $79,434,000Property Address: 488 West Liberty Street

    Wauconda, IL 60084

    PROPERTY OVERVIEW:

    LOCATION MAPS:

  • NET LEASE INVESTMENT OFFERING

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    RAND ROAD (35,000 VPD)

    CHASE BANK | WAUCONDA, IL

    AERIAL:

  • NET LEASE INVESTMENT OFFERING

    CHASE BANK | WAUCONDA, IL

    JPMorgan Chase & Co. is a financial holding company that provides various financial services worldwide. The company operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset Management. Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co., a leading global financial services firm with assets of $2.3 trillion and operations in more than 60 countries. Chase serves approximately one of out of every six Americans through more than 5,500 bank branches; 18,000 ATMs; mortgage offices; online and mobile banking; as well as relationships with auto dealerships, schools and universities.

    JPMorgan Chase & Co. is an investment grade rated company with a Standard & Poors rating of A+ and is publicly traded (NYSE: JPM) with a market capitalization in excess of $229 billion. The company was founded in 1799 and is headquartered in New York, New York.

    Website: www.chase.comNumber of Locations: 5,500+ Stock Symbol: JPM: NYSEStandard & Poors Rating: A+Market Capitalization: $229 Billion

    TENANT PROFILE:

    LOCATION OVERVIEW: Wauconda is a village in Lake County, Illinois. It is part of the Chicago MSA and is located approximately 40 miles northwest of the Chicago Loop. As of the 2010 US Census, the population was 13,603. Wauconda has a thriving business community with a unique mix of retailers, service providers, and industry. The Villages elected officials and administrative staff take a proactive approach to economic development through teamwork and streamlined services.

    Bangs Lake is a natural glacial lake located in northeastern Illinois Lake County and is considered a popular destination for family recreation in the Chicagoland area. The lake is managed by the Village of Wauconda, in cooperation with the Lake County Health Department Lakes Management Unit and the Illinois Department of Natural Resources. Although the majority of property around the lake is privately owned, the Wauconda Park District maintains the communitys public beach and its facilities.

  • MATTRESS FIRM SUPERCENTER | IRVING, TX

  • NET LEASE INVESTMENT OFFERING

    The recently constructed 11,115 square foot Mattress Firm Supercenter is strategically located as an outparcel to a Home Depot, Frys Electronics, and The Dump Furniture Outlet anchored development. The Mattress Firm is positioned along Interstate 635 providing for visibility to over 151,000 vehicles per day. The surrounding area is densely concentrated with many national retailers including Walmart, Sams Club, Target, Kohls, Kroger, Dicks Sporting Goods, Best Buy, TJ Maxx, and Regal MacArthur Marketplace Stadium 16.

    There are approximately 12,000 people living within a one mile radius of the property earning average annual household incomes of approximately $120,000. Additionally, there are over 162,000 people living within a five mile radius. The Dallas-Fort Worth International airport is located in the immediate vicinity of the property. The surrounding area features many large office complexs including the corporate headquarters of Michaels.

    There are over 8 years remaining on the Mattress Firm lease that expires in December 2023. The lease features a 10% rental escalation in lease year 6 and in each renewal option period. The larger format Mattress Firm Supercenter was constructed in 2011. Mattress Firm is a publicly traded company (NASDAQ: MFRM) with a market capitalization in excess of $2 billion.

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    Located within the Dallas-Fort Worth MSA Tenant is publicly traded (NASDAQ: MFRM) with a market capitalization in excess

    of $2 billion 10% rental escalation in lease year 6 and in each renewal option period Recently constructed building (2011) Positioned as an outparcel to a Home Depot, Frys Electronics, and The Dump

    Furniture Outlet anchored development Located along Interstate 635 (Lyndon B Johnson Freeway) which experiences

    traffic counts in excess of 151,000 vehicles per day Affluent area with over 11,000 people living within a one mile radius of the property

    earning average annual household incomes in excess of $119,000 Dominant retail corridor that features Walmart, Sams Club, Target, Kohls, Kroger,

    & many other retailers Close proximity to the Dallas-Fort Worth International Airport Income tax free state

    Population 1-Mile 3-Mile 5-Mile

    Total Population 11,824 54,584 153,963

    Total Households 4,704 24,743 62,854

    Income 1-Mile 3-Mile 5-Mile

    Median Household Income $85,637 $71,997 $64,441

    Average Household Income $119,099 $98,078 $93,599

    MATTRESS FIRM SUPERCENTER | IRVING, TX

    EXECUTIVE SUMMARY: SITE PLAN:

    PROPERTY HIGHLIGHTS:

    DEMOGRAPHIC REPORT:

  • NET LEASE INVESTMENT OFFERING

    MATTRESS FIRM SUPERCENTER | IRVING, TX

    NOI: $266,760Lease Commencement: December 2011Lease Expiration: December 2023Rental Escalations: 10% in Year 6 & Each OptionRenewal Options: Two 5-Year (10% Escalations)Building Size: 11,115 SF Land Size: 69,305 SFYear Built: 2011Lease Type: NN (Roof & Structure)Property Address: 2511 West I-H 635

    Irving, TX 75063

    PROPERTY OVERVIEW:

    LOCATION MAPS:

  • NET LEASE INVESTMENT OFFERING

    MATTRESS FIRM SUPERCENTER | IRVING, TX

    LYNDON B JOHNSON FREEWAY (151,000 VPD)

    D F WI N T E R N AT I O N A L

    A I R P O R T

    AERIAL:

  • NET LEASE INVESTMENT OFFERING

    MATTRESS FIRM SUPERCENTER | IRVING, TX

    Mattress Firm Inc. is an American retailing company and mattress store chain founded on July 4, 1986. The company offers conventional mattresses; specialty mattresses, such as Tempur-Pedic and viscoelastic foam mattresses; and furniture and accessories, including bed frames, mattress pads, and pillows.

    The headquarters of the company is located in Houston, Texas. Mattress Firm currently operates over 1,600 locations across 35 states nationwide, which makes it the largest US bedding retailer. Mattress Firm is publicly traded (NASDAQ: MFRM) with a market capitalization in excess of $2 billion.

    Website: www.mattressfirm.comNumber of Locations: 1,600+ Stock Symbol: MFRM: NASDAQStandard & Poors Rating: BMarket Capitalization: $2 Billion

    TENANT PROFILE:

    LOCATION OVERVIEW: Irving is a city located in Dallas County in the state of Texas. According to a 2013 estimate from the U.S. Census Bureau, the city population was 228,653[5] making it the thirteenth most populous city in Texas. Irving is part of the DallasFort Worth metroplex. Irving includes the Las Colinas community, one of the first master-planned developments in the United States and once the largest mixed-use development in the Southwest with a land area of more than 12,000 acres. Las Colinas is home to many large companies, such as Exxon Mobil, Chuck E. Cheeses, Kimberly-Clark, La Quinta Inns & Suites, and Michaels Stores. In January 2011 the city completed the Irving Convention Center at Las Colinas and plans to develop the area into a mixed-use complex including a special entertainment district.

    Part of Dallas-Fort Worth International Airport lies inside the city limits of Irving. Irving is traversed by numerous highways. The Airport Freeway, SH 183, runs east-west in the center of the city, while LBJ Freeway or I-635 crosses the northern edge of the city in the same direction. John Carpenter Freeway, SH 114, and the President George Bush Turnpike create an X running northwest-to-southeast and southwest-to-northeast respectively. The Las Colinas area is centered near the intersection of 114 and the Bush turnpike.

    Dallas-Fort Worth MSA encompasses 13 counties within the U.S. state of Texas. The area is divided into two distinct metropolitan divisions: DallasPlanoIrving and Fort WorthArlingtonGrapevine. It is the economic and cultural hub of the region commonly called North Texas or North Central Texas and is the largest land-locked metropolitan area in the United States. The 2011 official estimate U.S. Census has the DallasFort Worth Metroplex at 6,526,548, making it the largest metropolitan area in the South. During the 12-month period from July 2008 to July 2009, the DallasFort WorthArlington metropolitan area gained 146,530 new residents, more than any other metropolitan area in the United States.

  • ADVANCE AUTO PARTS | SCOTCH PLAINS, NJ

  • NET LEASE INVESTMENT OFFERING

    The 6,120 square foot Advance Auto Parts store is located along Terrill Road. The property is positioned in the immediate proximity to the US Route 22 and Terrill Road signalized intersection which experiences traffic counts in excess of 83,000 vehicles per day. The surrounding area features many national retailers including Walmart, Home Depot, Target, TJ Maxx, Kohls, Sears and BJs Wholesale. Additionally, there are several automobile dealerships in the immediate area including Cadillac, Ford, Honda, and Nissan.

    There are over 16,000 people living within a one mile radius of the property earning average annual household incomes in excess of $122,000. Additionally, there are over 275,000 people living within a five mile radius of the property earning average annual household incomes in excess of $125,000. The property is located approximately 28 miles west of downtown New York.

    There are over 9 years remaining on the Advance Auto Parts lease that expires April 2024. The lease features three 5-year renewal option periods with 5% rental escalation in each. Advance Auto Parts is an investment grade rated company (S&P: BBB-) and is publicly traded (NYSE: AAP) with a market capitalization in excess of $11 billion.

    Located within the New York City MSA Tenant is an investment grade rated company (S&P: BBB-) Long term lease with over 9 years remaining Recently constructed building (2009) 5% rental escalation in each renewal option period Dominant retail corridor that features Walmart, Home Depot, Target, TJ Maxx, Kohls,

    Sears and BJs Wholesale Located just off of the heavily trafficked intersection of Terrill Road and US Route 22

    (83,000+ vehicles per day) Affluent area with over 16,000 people living within a one mile radius of the property

    earning average annual household incomes in excess of $122,000 Over 275,000 people living within a five mile radius earning average annual

    household incomes in excess of $125,000

    Population 1-Mile 3-Mile 5-Mile

    Total Population 16,077 115,598 275,998

    Total Households 5,585 38,784 94,351

    Income 1-Mile 3-Mile 5-Mile

    Median Household Income $95,468 $84,150 $96,584

    Average Household Income $122,759 $117,975 $125,878

    ADVANCE AUTO PARTS | SCOTCH PLAINS, NJ

    EXECUTIVE SUMMARY: SITE PLAN:

    PROPERTY HIGHLIGHTS:

    DEMOGRAPHIC REPORT:

    TERRILL ROAD

  • NET LEASE INVESTMENT OFFERING

    ADVANCE AUTO PARTS | SCOTCH PLAINS, NJ

    NOI: $205,000Lease Commencement: April 16, 2009Lease Expiration: April 30, 2024Rental Escalations: 5% in Each OptionRenewal Options: Three 5-Year (5% Escalations)Building Size: 6,120 SF Land Size: 32,206 SFYear Built: 2009Lease Type: NN (Structure Only)Property Address: 445 Terrill Road

    Scotch Plains, NJ 07023

    PROPERTY OVERVIEW:

    LOCATION MAPS:

  • NET LEASE INVESTMENT OFFERING

    (66,000 VPD)

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    ADVANCE AUTO PARTS | SCOTCH PLAINS, NJ

    AERIAL:

  • NET LEASE INVESTMENT OFFERING

    ADVANCE AUTO PARTS | SCOTCH PLAINS, NJ

    Advance Auto Parts, Inc. is the largest automotive aftermarket parts provider in North America serving both the professional installer and do-it-yourself customers. Advance Auto Parts operates stores that offer brand name and private label automotive

    products, including alternators, batteries, belts and hoses, brakes and brake pads, chassis parts, clutches, driveshafts, engines and engine parts, ignition parts, lighting, radiators, starters, spark plugs and wires, steering and alignment parts, transmissions, water pumps, and windshield wiper blades; accessories, such as air fresheners, anti-theft devices, emergency road kits, floor mats, ice scrapers, mirrors, vent shades, MP3 and cell phone accessories, and seat and steering wheel covers; chemicals comprising antifreeze, brake and power steering fluids, freon, fuel additives, windshield washer fluids, and car washes and waxes; and oils, transmission fluids, and other automotive petroleum products for domestic and imported cars and light trucks.As of January 3, 2015, the company operated 5,261 stores and 111 Worldpac branches; and served approximately 1,325 independently-owned Carquest stores in the United States, Puerto Rico, the U.S. Virgin Islands, and Canada. Advance Auto Parts is an investment grade rated tenant with a Standard & Poors rating of BBB- and is publicly traded (NYSE: AAP) with a market capitalization in excess of $11 billion.

    Website: www.advanceautoparts.comNumber of Locations: 5,261 Stock Symbol: AAP: NYSEStandard & Poors Rating: BBB-Market Capitalization: $11 Billion

    TENANT PROFILE:

    LOCATION OVERVIEW: Scotch Plains is a township in Union County, New Jersey, United States. As of the 2010 Census, the townships population was 23,510. The two major roads that pass through are Route 28 for a brief stretch in the central part

    and U.S. Route 22 in the north.The township is accessible from limited access in neighboring communities, such as Interstate 78 in both Watchung and Berkeley Heights, the Garden State Parkway in Clark and Interstate 287 in Edison Township. Newark Liberty International Airport is approximately 14 miles (23 km) east of Scotch Plains, most conveniently reached via Route 22, and Linden Airport, a general aviation facility is in nearby Linden, New Jersey. Newark Liberty International Airport is also accessible via New Jersey Transit train by transferring from the Raritan Valley Line to the Northeast Corridor Line at Newark Penn Station.

    New York City is the most populous city in the United States of America and one of the most populous metropolitans in the world. New York is the most densely populated major city in the United States. The New York City Metropolitan Statistical Area has a population in excess of 22.2 million people. Additionally, there is approximately an additional 50 million people that annually visit New York. New York City has been ranked first across the globe in attracting capital, business, and tourists. New York exerts a significant impact upon commerce, finance, media, art, fashion, research, technology, education, and entertainment. It is a global hub of international business and commerce. New York has been widely called the leading financial center in the world. It is home to the New York Stock Exchange, the worlds largest stock exchange by total market capitalization. Many major corporations are headquartered in New York City, including 45 Fortune 500 companies. New York City is the top international air passenger gateway to the United States. The area is served by three major airports, John F. Kennedy International, Newark Liberty International and LaGuardia.

  • (Chicago MSA) (Chicago MSA)

    (Dallas-Ft. Worth MSA) (New York City MSA)

    666 Dundee Road, Suite 1801Northbrook, IL 60062

    www.bouldergroup.com

    Randy [email protected]

    Jimmy [email protected]