NET LEASE INVESTMENT OFFERING

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Fifth Third Bank (Ground Lease | MSA)

NETSWC LEASE W INVESTMENT 95th Street OFFERING & Utica Avenue Evergreen Park, Illinois 60805 TABLE OF CONTENTS

I. Executive Summary II. Location Overview III. Market & Tenant Overview Executive Summary Site Plan Tenant Profile Investment Highlights Aerials Location Overview Property Overview Maps Demographics

NET LEASE INVESTMENT OFFERING DISCLAIMER STATEMENT

DISCLAIMER The information contained in the following Offering Memorandum is proprietary and strictly confidential. It STATEMENT: 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 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.

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.

NET LEASE INVESTMENT OFFERING EXECUTIVE SUMMARY

EXECUTIVE The Boulder Group is pleased to exclusively market for sale a new construction single tenant Fifth Third Bank SUMMARY: ground lease located in the Chicago MSA. The property is strategically positioned along a heavily trafficked thoroughfare at a signalized intersection. The new lease will have an original 20 year term with 12.5% rental escalations every five years throughout the primary term. Fifth Third Bank is an investment grade rated tenant with a Standard & Poor’s rating of A-.

The new branch is a relocation of the former outdated adjacent Fifth Third Bank. The former location exhibits extremely high deposits of approximately $250,000,000. This figure puts the former branch as a top-5 location as ranked by branch deposits for Fifth Third Bank in the state of Illinois.

The Fifth Third Bank property is strategically positioned at a heavily trafficked signalized intersection along 95th Street (40,800 VPD). The immediate area is densely concentrated provided for high barriers to entry. There are approximately 219,000 people living within a three mile radius of the property. The Fifth Third Bank property is centrally located in a retail corridor which features Target, Walmart, Sam’s Club, Menards, Meijer, Home Depot, Mariano’s, Jewel-Osco (Albertsons), Walgreens, CVS Pharmacy and many other national & local retailers.

There are 20 years remaining on the new Fifth Third Bank ground lease. The ground lease features above market rental escalations of 12.5% every five years in the primary term. There are absolutely no landlord responsibilities. Fifth Third Bank has more than 1,100 branches and approximately 2,500 ATM machines across the United States. Fifth Third Bank is an investment grade rated tenant (S&P: A-) and is publicly traded (NASDAQ: FITB) with a market capitalization in excess of $21 billion.

NET LEASE INVESTMENT OFFERING INVESTMENT HIGHLIGHTS

INVESTMENT • Located within the Chicago MSA HIGHLIGHTS: • Relocation of an existing Fifth Third Bank with approximately $250 million of deposits (Top-5 branch by deposits in Illinois for Fifth Third Bank)

• Investment grade rated tenant (S&P:A-)

• Brand new construction (2018)

• Long term ground lease with 20 years remaining

• Above market rental escalations of 12.5% every 5 years throughout the primary term

• No landlord responsibilities

• Over 219,000 people living within three miles of the property

• Positioned along 95th Street, a heavily trafficked thoroughfare that experiences traffic volume of approximately 30,000 VPD

• Surrounding area is densely concentrated providing significant barriers to entry

• Positioned in a retail corridor which features Target, Walmart, Sam’s Club, Menards, Meijer, Home Depot, Mariano’s (Kroger), Jewel Osco (Albertsons), Walgreens and CVS Pharmacy

NET LEASE INVESTMENT OFFERING PROPERTY OVERVIEW

PROPERTY Price: $5,000,000 OVERVIEW: Cap Rate: 4.50% Net Operating Income: $225,000 $253,128 12/01/2023 $284,760 12/01/2028 $320,364 12/01/2033 $352,392 12/01/2038 (Option 1) $387,636 12/01/2043 (Option 2) $426,396 12/01/2048 (Option 3) $469,044 12/01/2053 (Option 4) Renewal Escalations: 12.5% Every 5-Years in Primary Term 10% In Each Renewal Option Period

Renewal Options: Four 5-Year Lease Term: 20 Years Lease Commencement Date: December 1, 2018 (Estimated) Lease Expiration Date: November 30, 2038 (Estimated) Tenant: Fifth Third Bank Credit: Investment Grade: (S&P: A-) Year Built 2018 Lease Type: Ground Lease – No Landlord Responsibilities Parking: 41 Spaces Rentable Square Feet: 3,950 SF Lot Size: 0.93 Acres

NET LEASE INVESTMENT OFFERING SITE PLAN

W 95TH STREET ( 29,800 VPD) UTICA AVENUE SACRAMENTO AVENUE SACRAMENTO

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NET LEASE INVESTMENT OFFERING AERIAL

S (23,600 VPD)

CENTRAL MIDDLE SCHOOL

W 95th Street ( 29,800 VPD)

ST. XAVIER UNIVERSITY FUTURE EVERGREEN PLAZA

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NET LEASE INVESTMENT OFFERING AERIAL

S Kedzie Avenue (23,600 VPD)

W 95th Street ( 29,800 VPD)

FUTURE EVERGREEN PLAZA

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NET LEASE INVESTMENT OFFERING AERIAL

Sacramento Avenue Utica Avenue OLD LOCATION NEW LOCATION

W 95th Street ( 29,800 VPD)

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NET LEASE INVESTMENT OFFERING MAPS

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NET LEASE INVESTMENT OFFERING MAPS

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NET LEASE INVESTMENT OFFERING TENANT PROFILE

TENANT Fifth Third Bank operates as a diversified financial services company in the United States. It operates through PROFILE: four segments: Commercial Banking, Branch Banking, Consumer Lending, and Wealth and Asset Management. As of December 31, 2016, the company operated 1,191 full-service banking centers and 2,495 ATMs in Ohio, Kentucky, , Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, and North Carolina. Fifth Third Bancorp was founded in 1862 and is headquartered in Cincinnati, Ohio.

Website: www.53.com Standard & Poor’s Rating: A- Stock Symbol: FITB (NASDAQ) Number of Locations: 1,100+ Headquarters: Cincinnati, OH Market Capitalization: $21 billion

NET LEASE INVESTMENT OFFERING LOCATION OVERVIEW

LOCATION Chicago is the most populous city in the Midwestern United States and the third most OVERVIEW: 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. Chicago has many nicknames, the best-known being the Windy City.

The Chicago metropolitan area is home to the corporate headquarters of 66 Fortune 1000 companies, including Boeing, McDonald’s, Motorola, Discover Financial Services and United Airlines. Chicago is a major hub for industry, telecommunications and infrastructure and O’Hare International Airport is the second busiest airport in the world in terms of traffic movement.

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. As of 2016, Chicago had the third largest gross metropolitan product in the United States at $640 billion.

The city of Chicago also hosts 12 Fortune Global 500 companies and 17 Financial Times 500 companies. The city claims one Dow 30 company: aerospace giant Boeing, which moved its headquarters from Seattle to the Chicago Loop in 2001. Two more Dow 30 companies, Kraft Foods and McDonald’s are in the Chicago suburbs, as are Sears Holdings Corporation and the technology spin-offs of Motorola. The headquarters of United Continental Holdings, are in the United Building and its operations center and its United Airlines subsidiary are in the Willis Tower in Chicago.

Chicago attracts over 50 million domestic leisure travelers, 11 million domestic business travelers and 1.5 million overseas visitors. These visitors contributed more than $14 billion to Chicago’s economy. Upscale shopping along the and , thousands of restaurants, as well as Chicago’s eminent architecture, continue to draw tourists. The city is the United States’ third-largest convention destination. A 2011 study by Walk Score ranked Chicago the fourth most walkable of fifty largest cities in the United States.

www.cityofchicago.org

NET LEASE INVESTMENT OFFERING DEMOGRAPHICS

DEMOGRAPHIC REPORT: Population 1 Mile 3 Mile 5 Mile Total Population 19,657 219,755 613,431 Total Households 6,929 78,674 207,355

Income Median Household Income $71,426 $59,695 $48,037 Average Household Income $88,303 $78,111 $64,144

NET LEASE INVESTMENT OFFERING Jimmy Goodman Partner 847.562.8500 [email protected]

John Feeney Vice President 847.562.9280 [email protected]

3520 Lake Avenue, Suite 203 Wilmette, IL 60091

www.bouldergroup.com

NET LEASE INVESTMENT OFFERING