Add-Value Former Walmart and Outlot
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ADD-VALUE FORMER WALMART AND OUTLOT 2131 West Galena Boulevard, Aurora, Illinois 60506 Add-Value Former Walmart and Outlot 2131 West Galena Boulevard, Aurora, Illinois 60506 The sale of the add-value former Walmart building and outlot located at 2131 West Galena Boulevard in the city of Aurora, Illinois, will take place through a secure online open bid web portal on the Ten-X.com web platform (“The Auction”). The auction is scheduled to begin on September 20, 2021 with the closing date for all bidding on September 22, 2021. THIS SCHEDULE IS SUBJECT TO FURTHER REVISION BY THE SELLER AND/OR TEN-X. COM IN THEIR SOLE AND ABSOLUTE DISCRETION. ALL PROSPECTIVE BIDDERS ARE ENCOURAGED TO FREQUENTLY CHECK THE SPECIFIC PROPERTY LANDING PAGE ON THE TEN-X.COM WEBSITE FOR ANY CHANGES. GETTING STARTED PROOF OF FUNDS 1. Navigate to www.ten-x.com and click on “Log in” at the top. In order to participate in a Ten-X auction, all bidders must submit proof 2. Enter your email and click on “Continue” button. of funds documents, have agreed to the Participation Terms of the auction, and electronically acknowledged a confidentiality agreement 3. Enter your name, email, preferred phone number, and create a on the assets they seek to bid on. password. You’ll receive an email from Ten-X to confirm your free account. CONTACT INFORMATION REGISTRATION REQUIREMENTS For details and Auction Terms and Conditions, visit www.Ten-X.com. 1. Confirm your contact details For Auction related questions, please contact: Carter Nash 2. Upload proof of funds documents Asset Manager 3. Provide the buyer information to be reflected on purchase (305) 503-2642 documents Steps 4-7 are optional 4. Add a co-buyer 5. Confirm whether you’re represented by a broker CLICK HERE TO VIEW LISTING ON TEN-X 6. Add additional contract recipients 7. Register for additional properties 8. Review participation terms (Accept and Agree) 9. Complete participation terms checklist ADJACENT PROPERTY AVAILABLE FOR SEPARATE PURCHASE NOT INCLUDED Center for Sale as Separate Offering Contact Broker for Details * Not Included in Offering, Available for Separate Purchase Add Value Medtail Center | National Investment Grade Tenants | West Aurora Plaza 1901-2005 Galena Boulevard, Aurora, Illinois 60506 • Medtail Shopping Center Anchored by Rush-Coply Medical, Dollar Tree, AutoZone and Anytime Fitness • Opportunity to Add-Value and Cap Rate Growth Through Leasing the Remaining 23,751 Square Feet of Vacant Space and Developed Land Online Auction September 20 - September 22, 2021 Contact Broker for Additional Details Click Here for Information Subject Property NOT INCLUDED Center for Sale as Separate Offering Contact Broker for Details Subject Property W GALENA BLVD | 14,600 VPD Tia Wanna Cantina NOT INCLUDED Center for Sale as Separate Offering Contactfor Details Broker Subject Property W GALENA BLVD | 14,600 VPD Subject Property West ValleyAurora Dental Family Care Dental Add-Value Former Walmart and Outlot 2131 West Galena Boulevard, Aurora, Illinois 60506 FINANCIAL SUMMARY PROPERTY EXPENSES Price Request for Offers Taxes Cap Rate Determined by Market Vacant Building $120,049 Vacant Building Year Built 1992 Lot 3 $10,354 Vacant Building SF 115,209 SF Parking Lot Taxes $41,890 Vacant Building Lot Size 6.43 Acres Total $172,293 Outlot Lot Size 1.33 Acres Parcel Number - Vacant Building 15-19-201-025 Parcel Number - Outlot 15-19-201-027 CAM Expenses Parking per Easement Agreement 894 Surface Spaces +/- Parking Lot Expenses $113,656 Utilities Water $1,000 Heat $22,500 Light $45,000 Building Insurance $26,009 Total $208,164 SURVEY FINAL PLAT OF SUBDIVISION OF WEST AURORA PLAZA RESUBDIVISION LOT 7 LOT 1 LOT 6 EXCEPTION (NO. 3) EXCEPTION Subject Property (NO.1) NOT INCLUDED Center for Sale as Separate Offering Contact Broker EXCEPTION LOT 5 (NO. 2) for Details LOT 1 LOT 8 Subject Property LOT 1 LOT 4 LOT 2 LOT 3 G:\397\007\3977PS.dwg, SHT01, 4/11/2018 11:16:41 AM, steveh INVESTMENT HIGHLIGHTS Heavily • Value-Add Redevelopment Opportunity and Outlot Traveled • Former Walmart Supercenter | 115,209 Square Feet on 11.46 Acres ° Plentiful Parking with 894 Surface Spaces per Easement Agreement • 58,113-Square Foot Outlot Land Opportunity Ready for Built-to-Suit Tenant Value-Add • Situated Along Heavily Traveled West Galena Boulevard | 14,600 Vehicles Passing per Day Opportunity ° Just Off a Major Intersection of North Orchard Road and West Galena Boulevard | 51,900 Combined Vehicles Passing per Day • Located at a Stoplight Intersection and Eight Points of Ingress/Egress • Adjacent to West Aurora Plaza Parcel Stoplight • McDonald’s Recently Relocated Between Vacant Building and Outlot Access ° Built-to-Suit Showing Commitment to Location ° Driving Traffic to Location • Attractive Real Estate Fundamentals ° Adjacent to Big Lots | Across From Jewel-Osco Grocery ° Less Than a Mile from West Aurora High School | 3,724 Students Enrolled Multiple ° 2.2 Miles West of Downtown Aurora Access Points ° 2.5 Miles South of Interstate 88 ° Notable Retailers in the Area Include Aldi, Walgreens, Ace Hardware, Dunkin’, Taco Bell, and Many More • Strong Demographics ° 204,961 People Live Within Five Miles of Subject Property with an Average Household Income Highly of $90,978 ° Populated High Daytime Population with 80,770 People Working Within Three Miles of Subject Property LOCATION HIGHLIGHTS | AURORA, IL • Second Largest City in Illinois • Ample Entertainment and Restaurant Options ° 37 Miles West of the Chicago Loop • Includes Paramount Theater, Hollywood Casino, RiverEdge ° Situated on the Historic Fox River Park, Two Brothers Brewery, and More • Transportation Hub • OnLight Aurora Provides Access to Robust, ° Easy Access to Interstate 88, Two Metra Stations with Highly Available Metro Ethernet Network for Area Service to Downtown Chicago, and Aurora Municipal Airport Businesses ° Accessible Through Five Interchanges on the East/West Tollway Corridor • Recent Construction of the Aurora Pedestrian Bridge ° 40-50 Minutes from O’Hare and Midway International Airports Connects the East and West Side of the Fox River to Foot or Bike Traffic • Home to Two Major Regional Shopping Centers ° Westfield Shoppingtown at Fox Valley | Over 1.4 Million • Many City Developments Square Feet of Retail Floor Area ° Current Projects Underway Include Lofts on Broadway, ° Chicago Premium Outlets | Outdoor Center Boasting Over Old Copley Hospital ($129 Million Investment), Fox Valley 160 Stores Mall: Phase One (304-Unit Luxury Apartments), Keystone Building, Redevelopment of the Historic Hobbs Building, • Ranked 31st “Best-Run City in America” by Cedarwood Senior Housing ($29 Million Development) and WalletHub in 2020 Several New Residential Developments ° Wolf’s Crossing Subarea Plan was Approved in February • Named Best City in the United States to Live the 2021 American Dream by SmartAsset REGIONAL MAP Lake Michigan 37 Miles to Downtown Chicago DEMOGRAPHICS Subject Property Population 1-Mile 3-Miles 5-Miles 2020 Population 15,185 72,208 204,961 2025 Population 15,156 72,803 207,423 Households 1-Mile 3-Miles 5-Miles 2020 Households 5,433 23,406 64,241 2025 Households 5,440 23,677 65,228 Daytime Population 1-Mile 3-Miles 5-Miles 2020 Population 13,873 80,770 173,729 Income 1-Mile 3-Miles 5-Miles 2020 Median HH Income $69,327 $61,345 $68,511 2020 Average HH Income $87,819 $80,364 $90,987 DISTANCE TO INTERSTATE 88 37 Miles East to Downtown Chicago 2.4 Miles to Interstate 88 Subject Property SITE PLAN Subject Property NOT INCLUDED Center for Sale as Separate Offering Contact Broker for Details Subject Property AERIAL N EDGEL Tia Wanna Cantina A Old Time Barber Shop WN DR | 5,500 VPD Faith Baptist Church NOT INCLUDED Center for Sale as Subject Property Separate Offering Contact Broker for Details - Westminster Presbyte rian Church & Covenant Christian School W GALENA BLVD | 14,600 VPD Subject Property St. Mark’s Lutheran Church St. Paul Lutheran Ministry Center West Aurora School District 129 D D P P V V 0 0 0 0 3 3 , , 7 7 3 3 | | D D R R D D R R A A H H C C St. Paul Lutheran R R O O Church & School CONFIDENTIALITY AGREEMENT The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure 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. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap 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. NON-ENDORSEMENT NOTICE Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package.