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Lumber Liquidators (Recent Extension) 1467 North Main Street East Peoria, IL 61611 Lumber Liquidators | East Peoria, IL Table of Contents

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Lumber Liquidators (Recent Extension) 1467 North Main Street East Peoria, IL 61611 Lumber Liquidators | East Peoria, IL Table of Contents Net Lease Investment Offering Lumber Liquidators (Recent Extension) 1467 North Main Street East Peoria, IL 61611 Lumber Liquidators | East Peoria, IL Table of Contents TABLE OF CONTENTS Offering Summary Executive Summary ................................................................... 1 Investment Highlights ............................................................. 2 Property Overview ...................................................................... 3 Location Overview Photographs ...................................................................................4 Location Aerial .............................................................................. 5 Site Plan ..............................................................................................6 Location Map ................................................................................. 7 Market Overview Demographics ..............................................................................8 Market Overview ..........................................................................9 Tenant Summary Tenant Profile ...............................................................................10 www.bouldergroup.com | Confidential Offering Memorandum Lumber Liquidators | East Peoria, IL Executive Summary EXECUTIVE SUMMARY The Boulder Group is pleased to exclusively market for sale a single tenant net leased Lumber Liquidators property located in East Peoria, Illinois. Lumber Liquidators has operated at this location and has recently extended their lease illustrating its commitment to the location. There are over 7 years remaining on the primary term of the lease. It also features one 5-year renewal option. The 9,450 square foot Lumber Liquidators building benefits from its location along North Main Street (32,300 VPD) which is a primary thoroughfare. The property is positioned directly northeast of the Interstate 74 interchange (68,300 VPD) which connects East Peoria to downtown Peoria. Lumber Liquidators is less than 10 miles from General Wayne A. Downing Peoria International Airport. Surrounding retailers include Bass Pro Shops, Buffalo Wild Wings, Burger King, Costco, Lowe’s Home Improvement, Tractor Supply Company, Target, and Walmart Supercenter. Peoria is home to four of Caterpillar’s main manufacturing plants. It is also where Caterpillar hosts their core R&D activities. There are 108,205 people living within 5 miles of the Lumber Liquidators property with an average household income in excess of $60,000 annually. Lumber liquidators recently signed an early 7-year lease extension pushing their expiration date to January 31, 2028. Lumber Liquidators has grown to be one of the largest retailers of hardwood flooring in the United States. They have expanded to more than 375 Lumber Liquidators stores with over 1,000 employees in 47 states and Canada. | 1 | www.bouldergroup.com | Confidential Offering Memorandum Lumber Liquidators | East Peoria, IL Investment Highlights INVESTMENT HIGHLIGHTS ■ Located within the Peoria MSA ■ Long operating history for 13 years at this location with multiple early extensions signed by tenant ■ New 7-year lease extension ■ Lumber Liquidators is a publicly traded company (S&P 600) ■ Positioned along N Main St (32,300 VPD) ■ Located Just off Interstate 74 (68,300 VPD) ■ Surrounding retailers include Bass Pro Shops, Buffalo Wild Wings, Burger King, Costco, Lowe’s Home Improvement, Tractor Supply Company, Target, and Walmart Supercenter ■ There are 108,205 people living within 5 miles of the Lumber Liquidators property with an average household income in excess of $60,000 annually | 2 | www.bouldergroup.com | Confidential Offering Memorandum Lumber Liquidators | East Peoria, IL Property Overview PROPERTY OVERVIEW Price: $895,000 Cap Rate: 7.73% Lease Commencement Date: 12/5/2007 Lease Expiration Date: 1/31/2028 NOI: $69,174 Rental Escalations: 9.3% escalation in 2023 NN – Landlord responsible for roof, Lease Type: structure, HVAC over $500 Tenant: Lumber Liquidators, Inc Building Size: 9,450 SF Land Size: 1.27 AC | 3 | www.bouldergroup.com | Confidential Offering Memorandum Lumber Liquidators | East Peoria, IL Photographs | 4 | www.bouldergroup.com | Confidential Offering Memorandum Lumber Liquidators | East Peoria, IL Location Aerial | 5 | www.bouldergroup.com | Confidential Offering Memorandum Lumber Liquidators | East Peoria, IL Site Plan | 6 | www.bouldergroup.com | Confidential Offering Memorandum Lumber Liquidators | East Peoria, IL Location Map East Peoria | 7 | www.bouldergroup.com | Confidential Offering Memorandum Lumber Liquidators | East Peoria, IL Demographics DEMOGRAPHICS Population Income 3-Mile 5-Mile 7-Mile 3-Mile 5-Mile 7-Mile Total Population: 35,936 108,205 162,816 Average Household Income: $38,912 $44,622 $50,885 Total Households: 14,746 43,977 67,419 Median Household Income: $54,945 $59,631 $67,358 | 8 | www.bouldergroup.com | Confidential Offering Memorandum Lumber Liquidators | East Peoria, IL Market Overview City of Peoria, Illinois Peoria is the county seat of Peoria County, Illinois, and the largest city on the Illinois River. As of the 2010 census, the city had a population of 115,007. It is the principal city of the Peoria Metropolitan Area in Central Illinois, consisting of the counties of Marshall, Peoria, Stark, Tazewell, and Woodford, which had a population of 373,590 in 2011. Established in 1691 by the French explorer Henri de Tonti, Peoria is the oldest European settlement in Illinois. Originally known as Fort Clark, it received its current name when the County of Peoria organized in 1825. The city was named after the Peoria tribe, a member of the Illinois Confederation. On October 16, 1854, Abraham Lincoln made his Peoria speech against the Kansas-Nebraska Act. A major port on the Illinois River, Peoria is a trading and shipping center for a large agricultural area that produces maize, soybeans, and livestock. Although the economy is well diversified, the city’s traditional manufacturing industries remain important and produce earthmoving equipment, metal products, lawn-care equipment, labels, steel towers, farm equipment, building materials, steel, wire, and chemicals. Until 2018, Peoria was the global and national headquarters for heavy equipment and engine manufacturer Caterpillar Inc., one of the 30 companies composing the Dow Jones Industrial Average, and listed on the Fortune 100; in the latter year, the company relocated its headquarters to Deerfield, Illinois. During January 2018, OSF Healthcare and Caterpillar Inc. excited the community with the announcement of the regional healthcare giant’s planned rehab and headquarters relocation into a historic downtown landmark building originally designed for a large downtown department store (Shipper & Block, Block & Kuhl’s and lastly Carson Pirie, Scott & Co. Such consolidation of hundreds of scattered administrative employees is planned as a major catalyst for further central business district revitalization. www.peoriagov.org | 9 | www.bouldergroup.com | Confidential Offering Memorandum Lumber Liquidators | East Peoria, IL Tenant Overview Lumber Liquidators Lumber Liquidators Flooring was started in 1994 by Tom Sullivan, a building contractor who began purchasing excess wood from other companies. He then resold the wood from the back of a trucking firm’s yard in Stoughton, Massachusetts. Three years later in 1996, the company found their niche market in hardwood flooring. On January 5, 1996, the company’s first store opened in West Roxbury, Massachusetts, and sold 150 square feet of floors on the first day. By August of that year, they opened up a second store in Hartford, Connecticut. The company has grown to be one of the largest retailers of hardwood flooring in the United States. It expanded to more than 375 Lumber Liquidators stores with over 1,000 employees in 47 states and Canada. It also launched online e-commerce, catalogs, and its Virginia call center. By the end of 2018 the company was operating over 415 stores across North America. The company is currently headquartered in Toano, Virginia. The company’s CEO is Dennis R. Knowles. The firm is listed and trades under NYSE: LL. In 2019 the company announced it would be moving the corporate offices from Toano to Richmond VA. In 2009, Lumber Liquidators began receiving sponsorship from Scripps’ HGTV, DIY Network and ABC’s Extreme Makeover: Home Edition. The company expanded into Canada in the fourth quarter of 2010. The expansion plan was to add 36 to 40 stores. In April 2020, the company renamed itself to LL Flooring. Type: Public Ticker: NYSE: LL (S&P 600) Website: www.llflooring.com Founded: 1994 Number of Locations: 420 Headquarters: Richmond, VA | 10 | www.bouldergroup.com | Confidential Offering Memorandum CONFIDENTIALITY & DISCLAIMER 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 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. EXLUSIVELY LISTED BY: Randy Blankstein John Feeney The Boulder Group President Senior Vice President 3520 Lake Avenue, Suite 203 847-562-0003 847-562-9280 Wilmette, Illinois 60091 [email protected] [email protected] www.bouldergroup.com.
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