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OFFERING MEMORANDUM PHYSICIANS IMMEDIATE CARE & UNITED DENTAL PARTNERS BERWYN (), IL

$4,363,590 6.00% ±6,258 2020 NEW 15 YEAR & 10 YEAR LEASES LIST PRICE CAP RATE GLA YEAR BUILT LEASE TERM 1 | CONTENTS

03 EXECUTIVE OVERVIEW

08 FINANCIAL OVERVIEW

10 AREA OVERVIEW

LISTED BY:

RAHUL CHHAJED Vice President & Senior Director D: (949) 432-4513 M: (818) 434-1106 E: [email protected] License No. 01986299 (CA)

MICHAEL MORENO Vice President & Senior Director D: (949) 432-4511 M: (818) 522-4497 E: [email protected] License No. 01982943 (CA)

BROKER OF RECORD KYLE MATTHEWS License No. 471019766 (IL)

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2 EXECUTIVE SECTION OVERVIEW 01

3 PROPERTY ADDRESS LIST PRICE GLA YEAR 1 NOI CAP RATE LEASE TERM 2201 South Oak Park Road $4,363,590 ± 6,258 SF $261,815.40 6.00% NEW 15 YEAR & Berwyn, IL 60402 10 YEAR LEASE

LOCATION HIGHLIGHTS PROPERTY & LEASE DETAILS • Heavy Population Density - The 1, 3, and 5-mile population numbers are 45,667; 244,022; • Brand New High-Quality Construction - Physicians Immediate Care & United 667,311. Chicago is the 3rd most populous city in the United States Dental Partners will open their doors for business in Q4 of 2020 in newly constructed buildings • Affluent Income Levels - The surrounding market is affluent with income levels well above the national average at approximately $68,449, $74,429, and $73,810 in the 1, 3, and 5-mile radii • Inflation-Protected Lease Structures - Physicians Immediate Care will feature rental increases of 10% every 5 years and United Dental Partners will feature rental • Corner Lot Access & Strong Visibility - This easily accessible property experiences great visibility increases of 3% annually commencing year 6, providing an owner with a safeguard which is crucial for a walk-in clinic and dental office; this is absolutely ideal from a viability against inflation standpoint as a huge driver of success for an outpatient facility that relies on brand awareness and walk-in business • High Yield Investment - The subject offering is being offered at a 6.35% cap rate, which is rare for a brand new deal featuring long-term leases from premier medical • High Traffic Counts - The corner of Cermak Road and Oak Park Avenue benefits from stellar traffic tenants, especially in a core suburban market counts with Cermak experiencing over 31,000 vehicles per day and Oak Park seeing over 12,000 vehicles per day • Strong Guarantors - Both Physicians Immediate Care (Joint Venture with Presence Health) and United Dental Partners boast strong guarantor positions that offer • Close Proximity to Massive Numbers of Retailers - This property sits just down the street safety and peace of mind to an investor. See broker for details. from the North Riverside Park Mall which harbors over 1M square feet alone. Additionally, it is surrounded by various national retailers in numerous multi-tenant centers and freestanding • Long-Term Net Leases - Physicians Immediate Care and United Dental Partners locations such as Jewel-Osco, Michael’s, PetCo, Costco, Walmart, Aldi, Kohl’s, Office Depot, and are both respectively on brand new 15 year and 10.5-year primary terms, ideal for hundreds of others an exchange investor looking for a “coupon-clipper” investment.

• Near Loyola University Health System - The subject asset is located just east of the Loyola • Passive Ownership / Minimal Responsibilities - Both leases are landlord-friendly University Medical Center, the main medical center for the Loyola University Health System. and come with virtually zero responsibilities except for roof/structure duties. Given Loyola University Medical Center has ranked as a top 5 hospital each year since U.S. News & World that these are brand new builds, an investor can find comfort in knowing that Report started rankings in 2013. Also on campus are Cardinal Bernardin Cancer Center, Edward there likely will be relatively low roof/structure work required in many years to Hines Jr. VA Hospital, and various Loyola outpatient centers. come.

TENANT/PRODUCT TYPE • Presence Health & Physicians Immediate Care Joint Venture - Physicians Immediate Care, a Midwest leader in urgent care and occupational health services, partnered up with Presence Health, the state’s largest Catholic health system at the time (12 hospitals), in 2015 to dominate the Chicago market and position themselves to benefit from patients looking to visit a hospital affiliated, many times in-network facility.

• United Dental Partners - UDP is a premier dental operator that offers general dentistry, orthodontic, and oral surgery services to patients in Illinois and Indiana

• Medical Tenancy - Healthcare real estate assets are extremely sought-after investments given their low susceptibility to the rise of e-commerce and being more “need-based” 5 CICERO MARKETPLACE SHOPPING CENTER DD’S DISCOUNTS FOOD 4 LESS FIVE BELOW GAMESTOP KFC O’REILLY ROSS DOWNTOWN CHICAGO ETC.

Coolbraces Berwin

W. CERMAK RD ± 32,000 VPD

All Family Dental SUBJECT And Braces PROPERTY

Physical Immediate Care

6 CERMAK PLAZA NORTH RIVERSIDE PLAZA SHOPPING CENTER SHOPPING CENTER DISCOVERY CLOTHING Medical District CHICK FIL A GAP PAYLESS I.D. SPOT ETC. K&G FASHION LONGHORN STEAKHOUSE North Riverside MCDONALD’S Health Clinic PARTY CITY QUEEN NAILS SHOE CARINVAL ETC.

NORTH RIVERSIDE PARK SHOPPING MALL EXPRESS H&M ETC. Metropolitan Dental Berwin

Genoa Healthcare Berwin

Centro Medical Berwin

W. CERMAK RD ± 32,000 VPD

SUBJECT PROPERTY

Physical Immediate Care

All Family Dental And Braces 7 FINANCIAL SECTION OVERVIEW 02

8 PROPERTY SUMMARY - PROPERTY SUMMARY - PRESENCE PHYSICIANS IMMEDIATE CARE UNITED DENTAL PARTNERS

Tenant Presence Physicians Immediate Care Tenant United Dental Partners Lease Guarantor Corporate (See broker for details) Lease Guarantor Corporate (See broker for details) Lease Commencement 11/1/2020* Lease Commencement 11/1/2020* Lease Expiration 10/31/2035* Lease Expiration 4/30/2031* Original Lease Term 15 Years Original Lease Term 10 Years & 5 Years Lease Term Remaining ±15 Years Lease Term Remaining ± 10 Years & ±5 Years Option Periods Two (2), Five (5) Year Options Option Periods Three (3), Five (5) Year Options Rental Increases 10% Every 5 Years Rental Increases 3% Annual Commencing Year 6 GLA ±4,158 SF GLA 2,100 Lot Size ±0.836 Acres (±36,413 SF) Lot Size ±0.836 Acres (±36,413 SF) Percentage of GLA 66.44% Percentage of GLA 33.56% Management Tenant Reimburses Management Tenant Reimburses Maintenance Tenant Responsible Maintenance Tenant Responsible Roof/Structure Responsibility Landlord Responsible Roof/Structure Responsibility Landlord Responsible (Tenant Reimburses) Insurance Tenant Responsible Insurance Tenant Responsible Real Estate Taxes Tenant Responsible Real Estate Taxes Tenant Responsible HVAC Tenant Responsible HVAC Tenant Responsible Utilities Tenant Responsible Utilities Tenant Responsible Estoppel Certificate 10 Days Estoppel Certificate 10 Days

ANNUALIZED OPERATING DATA

LEASE LEASE LEAS TERM % OF ANNUAL MONTHLY ANNUAL MONTHLY RENTAL TENANT GLA OPTIONS START EXPIRATION REMAINING GLA RENTAL RATE RENTAL RATE RENT/SF RENT/SF INCREASES Presence Physicians Two (2), Five (5) 11/1/2020* 10/31/2035* 15 Years 4,158 66.44% $192,515.40 $16,042.95 $46.30/SF $3.86/SF 10% Every 5 Years Immediate Care Year Options 10 Years & 5 Three (3), Five 3% Annual United Dental Partners 11/1/2020* 4/30/2031* 2,100 33.56% $69,300.00 $5,775.00 $33.00/SF $2.75/SF Months (5) Year Options Commencing Year 6

*Currently under construction - lease start is a best estimate and is subject to change 9 AREA SECTION OVERVIEW 04

BERWYN, IL DEMOGRAPHICS

Population 1 Mile 3 Mile 5 Mile 2025 Projection 41,880 252,264 673,224 2020 Estimate 42,516 255,181 681,259 2010 Census 44,046 261,517 700,289 Households 1 Mile 3 Mile 5 Mile 2025 Projection 13,338 89,818 226,756 2020 Estimate 13,537 90,470 228,280 2010 Census 14,021 91,586 230,943 Income 1 Mile 3 Mile 5 Mile

Average HH Income $81,270 $85,400 $80,905

10 CHICAGO

4 0 0 N . L A K E S H O R E D R 7 2 5 W . R A N D O L P H S T

GDP OF 670.5 BILLION

W O L F P O I N T W E S T HUB FOR FINANCE, CULTURE,

COMMERCE, INDUSTRIAL, HEADQUARTERS EDUCATION, TECHNOLOGY, TELECOMMUNICATIONS, & TRANSPORTATION

POPULATION OF 2.7 MILLION

H O M E I N S U R A N C E

T R U M P

B U I L D I N G M E R C H A N D I S E

T O W E R S M A R T

DEMOGRAPHICS SOUTHBRIDGE

LEGEND MIXED-USE DEVELOPMENT

ATTRACTION LAKE MICHIGAN

EDUCATION

HOSPITAL

CORPORATION

AIR TRAVEL 11 CHICAGO, IL Situated on the southwestern shore of Lake Michigan. Chicagoland is an informal name for the metropolitan area associated with the city of Chicago and its suburbs and has no official definition. The region is often considered to include areas beyond its corresponding MSA, as well as portions of the greater CSA.

Chicago has one of the world’s largest and most diversified economies, with more than four million employees and generating an annual gross regional product (GRP) of over $575 billion, which is more than countries like Sweden and Norway. Having been listed as an alpha global city by the Global Cities Index, it is a key player in every sector from risk management innovation and information technology to manufacturing and health services.

2,716,450 77 100 8 RESIDENTS COMMUNITY AREAS NEIGHBORHOODS MAJOR LEAGUE SPORTS TEAMS (2 MLB TEAMS) | 12 12 ECONOMY HIGHER EDUCATION The city is an efficient economic powerhouse, home to more than 400 major corporate Surrounding the Fox river and with a population of over 26,000 residents, Batavia headquarters, including 31 in the Fortune 500. Boeing, United Continental Holdings, is a quaint city in both DuPage and Kane counties. Batavia is surrounded by lots of Inc., Exelon Corporation, R. R. Donnelley & Songs Company, and Archer Daniels natural greenery. Fabyan Forest Preserve and Red Oak Nature Center offer lots of Midland are just a few of the Fortune 500 companies based in the area. Motorola natural trails for residents looking to escape the busy city. Fabyan Forest Preserve Solutions, Inc. intends to move their headquarters from Schaumburg, IL to Chicago is a popular riverside nature preserve known for its museum & historical windmill in the coming future. McDonald’s has become the latest Fortune 500 company to offering fishing, boating, & biking. Red Oak Nature Center is right on the Fox River, establish its presence in Chicago as it moved its headquarters from Oak Brook, IL to which makes it a notable spot for hiking and fishing enthusiasts. Batavia is an the windy city in early 2018. ideal place to live as it features lots of parks where residents can partake in various As a multicultural city that thrives on the harmony and diversity of its neighborhoods, outdoor activities and it is also only 40 miles away from the Chicago Metropolitan Chicago embodies the values of America’s heartland integrity. It is this level of Area. diversification that has resulted in Chicago being rated as having the most balanced economy in the United States. Additionally, its central location allows Chicago to be at the center of global trade, transit and data networks.

13 STRIP CENTER

NAVY PIER Navy Pier is Chicago’s lakefront treasure on the shoreline of Lake Michigan. The pier encompasses more than fifty acres of parks, gardens, shops, restaurants, family attractions and exhibition facilities. Drawing nearly nine million visitors WILLIS TOWER JOHN HANCOCK CENTER annually, Navy Pier is one of the most visited attractions in the entire Midwest. Still commonly referred to as Sears Tower, the The John Hancock Center is currently the eighth- Willis Tower is the second-tallest building in tallest building in the country. Equipped with the United States. This bustling community of a restaurant and lounge on the 95th floor, the business, tourism and culture offers breathtaking Observatory (360 Chicago), and America’s highest views of the city from its Skydeck. Visitors can indoor swimming pool, the John Hancock Center experience the Ledge, all-glass balconies that appeals to residents and tourists alike. From the allow visitors to look through the glass floor to restaurant, diners can take in views of the city. the street 1,353 feet below. Adjacent to downtown and one block east of , the is an upscale section of Chicago’s Michigan Avenue, which runs from the to in the Near North Side. Several of the tallest buildings in the country lie in this district, such as the John Hancock Center and the Trump International Hotel and Tower. Serving as the main thoroughfare between Chicago’s Loop business district and Gold Coast, the Magnificent Mile contains MILLENNIUM PARK a mixture of high-end department Located in the Loop community area of the city, Millennium Park is a 25 acre stores, restaurants, luxury retailers, public park that offers awe-inspiring landscape, breathtaking architecture and residential and commercial buildings, an iconic collection of public art, such as the iconic Chicago Bean. It is Chicago’s financial services companies and premier green space and presents dozens of free events for residents. hotels, primarily catering to tourists THE MAGNIFICENT MILE and the affluent.

14 CONFIDENTIALITY AGREEMENT & DISCLAIMER This Offering Memorandum contains select information pertaining to the business and affairs of Physicians Immediate Care & United Dental Partners located at 2201 S Oak Park Rd., Berwyn, IL 60402 (“Property”). It has been prepared by Matthews Real Estate Investment Services. This Offering Memorandum may not be all-inclusive or contain all of the information a prospective purchaser may desire. The information contained in this Offering Memorandum is confidential and furnished solely for the purpose of a review by a prospective purchaser of the Property. It is not to be used for any other purpose or made available to any other person without the written consent of Seller or Matthews Real Estate Investment Services. The material is based in part upon information supplied by the Seller and in part upon financial information obtained from sources it deems reliable. Owner, nor their officers, employees, or agents makes any representation or warranty, express or implied, as to the accuracy or completeness of this Offering Memorandum or any of its contents and no legal liability is assumed or shall be implied with respect thereto. Prospective purchasers should make their own projections and form their own conclusions without reliance upon the material contained herein and conduct their own due diligence.

By acknowledging your receipt of this Offering Memorandum for the Property, you agree:

1. The Offering Memorandum and its contents are confidential; 2. You will hold it and treat it in the strictest of confidence; and 3. You will not, directly or indirectly, disclose or permit anyone else to disclose this Offering Memorandum or its contents in any fashion or manner detrimental to the interest of the Seller.

Owner and Matthews Real Estate Investment Services expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers to purchase the Property and to terminate discussions with any person or entity reviewing this Offering Memorandum or making an offer to purchase the Property unless and until a written agreement for the purchase and sale of the Property has been fully executed and delivered.

If you wish not to pursue negotiations leading to the acquisition of the Property or in the future you discontinue such negotiations, then you agree to purge all materials relating to this Property including this Offering Memorandum.

A prospective purchaser’s sole and exclusive rights with respect to this prospective transaction, the Property, or information provided herein or in connection with the sale of the Property shall be limited to those expressly provided in an executed Purchase Agreement and shall be subject to the terms thereof. In no event shall a prospective purchaser have any other claims against Seller or Matthews Real Estate Investment Services or any of their affiliates or any of their respective officers, Directors, shareholders, owners, employees, or agents for any damages, liability, or causes of action relating to this solicitation process or the marketing or sale of the Property.

This Offering Memorandum shall not be deemed to represent the state of affairs of the Property or constitute an indication that there has been no change in the state of affairs of the Property since the date this Offering Memorandum.

| 15 PHYSICIANS IMMEDIATE CARE & UNITED DENTAL PARTNERS

BERWYN (CHICAGO), IL

LISTED BY:

RAHUL CHHAJED MICHAEL MORENO Vice President & Senior Director Vice President & Senior Director D: (949) 432-4513 D: (949) 432-4511 M: (818) 434-1106 M: (818) 522-4497 E: [email protected] E: [email protected] License No. 01986299 (CA) License No. 01911222 (CA)

BROKER OF RECORD KYLE MATTHEWS License No. 471019766 (IL)

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