nnn-lease investment free-standing single-tenant boston market nw
TRANSCRIPT
The above information has been secured by sources deemed to be reliable, Tri-Oak Consulting Group makes no representations or warranties expressed or implied as to the accuracy of the above information. References to square footage or age are approximate. Purchaser must verify the accuracy of the above information and bears all risks for any inaccuracies. Above information is subject to verification and no liability for errors or omissions are assumed.
* Actual location not shown
• Strong Retail Corridor – 35,900+ ADT
• Great Visibility & Access
• Annual Rent Increases
• Absolute NNN – No Landlord Responsibilities
• Close Proximity to State Hwy-20: 32,800+ ADT
• Population of 155,000+ within 5-mile Radius
NNN-Lease Investment
Free-Standing Single-Tenant
Boston Market – NW Chicago Suburb
205 S. Randall Road. Elgin, IL 60123
*Actual location not shown
Current Annual Rent: $153,614.76 ($59.94 per building SF)
Initial Rent
Commencement: August 28, 2007
Lease
Expiration:
August 30, 2027
Initial Lease Term: 20-Year - NNN
Renewal Options: Three (3) / 8-Year Renewals
Rent Increases: Annual - CPI not to exceed 2%
Building Size: 2,563 Square feet
Land Size: 1.04 Acres (Approx.)
Parking: Adequate
Area Tenants: Target, Lowe’s, Officemax, Aldi, Hobby Lobby, McDonald’s
Demographics: 1-MILE 3-MILE 5-MILE
Population: 5,176 74,375 155,357
Median Income: $77,607 $73,156 $73,075
Average Income: $92,025 $81,366 $84,798
Tenant
Responsibility: RE Taxes, CAM & Insurance, Roof & Structure
Lessor
Responsibility: NONE – Absolute Triple-Net
Lease
Guarantor: Boston Market Corporation – 474 Nationwide Locations
The above information has been secured by sources deemed to be reliable, Tri-Oak Consulting Group makes no representations or warranties expressed or implied as to the accuracy of the above information. References to square footage or age are approximate. Purchaser must verify the accuracy of the above information and bears all risks for any inaccuracies. Above information is subject to verification and no liability for errors or omissions are assumed.
CONTACT INFORMATION Gregory Fitzgerald
(800) 385-6421
www.tri-oak.com
Elgin
BOSTON MARKET — NNN LEASE
PURCHASE PRICE: $2,194,500 (CAP RATE 7.00%)
Chicago
The above information has been secured by sources deemed to be reliable, Tri-Oak Consulting Group makes no representations or warranties expressed or implied as to the accuracy of the above information. References to square footage or age are approximate. Purchaser must verify the accuracy of the above information and bears all risks for any inaccuracies. Above information is subject to verification and no liability for errors or omissions are assumed.
Aerial With Tenants BOSTON MARKET — NNN LEASE
PURCHASE PRICE: $2,194,500 (CAP RATE 7.00%)
The above information has been secured by sources deemed to be reliable, Tri-Oak Consulting Group makes no representations or warranties expressed or implied as to the accuracy of the above information. References to square footage or age are approximate. Purchaser must verify the accuracy of the above information and bears all risks for any inaccuracies. Above information is subject to verification and no liability for errors or omissions are assumed.
Aerial BOSTON MARKET — NNN LEASE
PURCHASE PRICE: $2,194,500 (CAP RATE 7.00%)
The above information has been secured by sources deemed to be reliable, Tri-Oak Consulting Group makes no representations or warranties expressed or implied as to the accuracy of the above information. References to square footage or age are approximate. Purchaser must verify the accuracy of the above information and bears all risks for any inaccuracies. Above information is subject to verification and no liability for errors or omissions are assumed.
Traffic Counts BOSTON MARKET — NNN LEASE
PURCHASE PRICE: $2,194,500 (CAP RATE 7.00%)
The above information has been secured by sources deemed to be reliable, Tri-Oak Consulting Group makes no representations or warranties expressed or implied as to the accuracy of the above information. References to square footage or age are approximate. Purchaser must verify the accuracy of the above information and bears all risks for any inaccuracies. Above information is subject to verification and no liability for errors or omissions are assumed.
Birds Eye View
Boston Market Store #833
BOSTON MARKET — NNN LEASE
PURCHASE PRICE: $2,194,500 (CAP RATE 7.00%)
The above information has been secured by sources deemed to be reliable, Tri-Oak Consulting Group makes no representations or warranties expressed or implied as to the accuracy of the above information. References to square footage or age are approximate. Purchaser must verify the accuracy of the above information and bears all risks for any inaccuracies. Above information is subject to verification and no liability for errors or omissions are assumed.
Site Plan & Survey BOSTON MARKET — NNN LEASE
PURCHASE PRICE: $2,194,500 (CAP RATE 7.00%)
The above information has been secured by sources deemed to be reliable, Tri-Oak Consulting Group makes no representations or warranties expressed or implied as to the accuracy of the above information. References to square footage or age are approximate. Purchaser must verify the accuracy of the above information and bears all risks for any inaccuracies. Above information is subject to verification and no liability for errors or omissions are assumed.
Elgin, Illinois
Elgin is a city in northern Illinois located roughly 40 mi (64 km) northwest of Chicago on the Fox River. Most of Elgin lies
within Kane County, Illinois, with a portion in Cook County, Illinois. As of the 2010 census, the city had a total population of
108,188, making it the eighth-largest city in Illinois and the 241st largest city in the United States.
Geography
Elgin is located at 42°2′22″N 88°17′19″W Coordinates: 42°2′22″N 88°17′19″W (42.039426, -88.288627)
According to the United States Census Bureau, the city has a total area of 25.4 square miles (66 km2), of which, 25.0 square miles
(65 km2) of it is land and 0.4 square miles (1.0 km2) of it (1.54%) is water.
Demographics
As of the census of 2000, there were 94,487 people, 31,543 households, and 22,395 families residing in the city. The population
density was 3,779.1 people per square mile (1,459.3/km²). There were 32,665 housing units at an average density of 1,306.5 per
square mile (504.5/km²). The racial makeup of the city was 70.49% White, 6.80% African American, 0.40% Native American,
3.88% Asian, 0.06% Pacific Islander, 15.39% from other races, and 2.98% from two or more races. Hispanic or Latino of any race
were 34.32% of the population. A significant portion of Elgin's Asian population is of Laotian origin. There were 31,543 households
out of which 39.6% had children under the age of 18 living with them, 54.6% were married couples living together, 11.3% had a
female householder with no husband present, and 29.0% were non-families. 23.3% of all households were made up of individuals
and 7.4% had someone living alone who was 65 years of age or older. The average household size was 2.94 and the average family
size was 3.49. In the city the population was spread out with 29.0% under the age of 18, 10.7% from 18 to 24, 33.6% from 25 to 44,
18.2% from 45 to 64, and 8.6% who were 65 years of age or older. The median age was 31 years. For every 100 females there were
99.9 males. For every 100 females age 18 and over, there were 98.8 males. The median income for a household in the city was
$52,605, and the median income for a family was $58,404. Males had a median income of $39,581 versus $28,488 for females.
The per capita income for the city was $21,112. About 6.4% of families and 8.1% of the population were below the poverty line,
including 11.6% of those under age 18 and 4.7% of those age 65 or over.
BOSTON MARKET — NNN LEASE
PURCHASE PRICE: $2,194,500 (CAP RATE 7.00%)
The above information has been secured by sources deemed to be reliable, Tri-Oak Consulting Group makes no representations or warranties expressed or implied as to the accuracy of the above information. References to square footage or age are approximate. Purchaser must verify the accuracy of the above information and bears all risks for any inaccuracies. Above information is subject to verification and no liability for errors or omissions are assumed.
About Boston Market
BOSTON MARKET CORPORATION
CEO: George Michel
HQ: 14103 Denver West Pkwy, Golden, CO 80401-3114
WEBSITE: www.bostonmarket.com
BUSINESS DESCRIPTION: Boston Market Corporation, which operates
approximately 474 restaurants across the United States, is a leader in the fast-
casual restaurant category, providing time-pressed consumers with home style,
convenient meals. Boston Market prepares its fresh, never-frozen all-natural
chicken in signature rotisserie ovens and features an extensive selection of
signature sides. In 2011, the company completed updates to locations across the
country, adding new healthier menu items and enhancing the dine-in experience.
As one of the country's largest providers of catering services, Boston Market
offers same-day orders and delivery for corporate and personal events of all
sizes. The restaurant chain has been featured in numerous publications,
including Men's Health's “Eat This, Not That,” Cooking Light
Magazine, Working Mother Magazine and most recently on an episode of
Anderson, a nationally syndicated television show hosted by Anderson Cooper.
Boston Market's premium line of retail frozen foods are also available in
supermarkets throughout the country and is proud to work with American
Airlines to offer an assortment of Boston Market menu items for sale on select
flights.
BOSTON MARKET — NNN LEASE
PURCHASE PRICE: $2,194,500 (CAP RATE 7.00%)