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PNC (GROUND LEASE) 5727 W Touhy Avenue Niles, IL 60714 (Chicago MSA) TABLE of CONTENTS

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PNC (GROUND LEASE) 5727 W Touhy Avenue Niles, IL 60714 (Chicago MSA) TABLE of CONTENTS NET LEASE INVESTMENT OFFERING PNC (GROUND LEASE) 5727 W Touhy Avenue Niles, IL 60714 (Chicago MSA) TABLE OF CONTENTS TABLE OF CONTENTS I. Executive Profile II. Location Overview III. Market & Tenant Overview Executive Summary Photographs Demographic Report Investment Highlights Aerial Market Overview Property Overview Site Plan Tenant Overview Map NET LEASE INVESTMENT OFFERING DISCLAIMER STATEMENT DISCLAIMER The information contained in the following Offering Memorandum is proprietary and strictly confidential. STATEMENT: 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. NET LEASE INVESTMENT OFFERING EXECUTIVE SUMMARY EXECUTIVE The Boulder Group is pleased to exclusively market for sale a single tenant PNC Bank ground lease property SUMMARY: located within the Chicago MSA in Niles, Illinois. The 3,534 square foot building was constructed in 2010. The absolute triple net ground lease has zero landlord responsibilities and 10% rental escalations every 5 years. There are over 11 years remaining in the primary term of the lease with two 10-year renewal options. The PNC Bank property is located at the corner of a signalized intersection along West Touhy Ave (39,000 VPD) where it has excellent visibility. Additionally, the property is also ideally positioned just off of Interstate 94 (169,500 VPD). The bank is outparcel to a new LA Fitness location which has submitted building permits to the city and is pending approval. The bank is located in a dominant retail corridor with Costco, Target, Walmart, Jewel-Osco, Menards, AMC and Dick’s Sporting Goods. The property is also located near Niles West High School (2,507 students). There are 677,168 people living within five miles of the property with an average household income of $96,011. There are over 11 years remaining in the primary term of the PNC Bank lease which expires December 31, 2030 and there is a 10% rental escalation on December 31, 2020. PNC Bank has over 2,459 branches and 9,051 ATM machines and is publicly traded on the New York Stock Exchange (PNC). PNC is an investment grade rated company with a Standard & Poor’s rating of A. NET LEASE INVESTMENT OFFERING INVESTMENT HIGHLIGHTS INVESTMENT • Located within the Chicago MSA HIGHLIGHTS: • PNC is an investment grade rated company (S&P:A) • Ground lease with zero landlord responsibilities • 10% rental escalations every five years (Next Escalation: 12/31/2020) • Located at the corner of a signalized intersection along W Touhy Ave (39,000 VPD) where it has excellent visibility • Ideally positioned just off of Interstate 94 (169,500 VPD) • Outparcel to a new LA Fitness location which has submitted building permits to the city and is pending approval • Located in a dominant retail corridor with Costco, Target, Walmart, Jewel-Osco, Menards, AMC and Dick’s Sporting Goods • Located near Niles West High School (2,507 students) • 677,168 people living within five miles of the property with an average household income of $96,011 NET LEASE INVESTMENT OFFERING PROPERTY OVERVIEW PROPERTY Price: $4,357,894 OVERVIEW: Cap Rate: 5.70% 2020 Cap Rate: 6.27% Net Operating Income: $248,400 Lease Expiration Date: December 31, 2030 Renewal Options: Two 10-Year Rental Escalations: 10% every 5 years (Next Escalation: 12/31/2020) Tenant: PNC Bank (S&P: A) Year Built: 2010 Lease Type: Ground Lease – NNN Building Size: 3,534 SF Lot Size: 0.55 AC NET LEASE INVESTMENT OFFERING PHOTOGRAPHS NET LEASE INVESTMENT OFFERING AERIAL NET LEASE INVESTMENT OFFERING SITE PLAN NET LEASE INVESTMENT OFFERING MAP NET LEASE INVESTMENT OFFERING MAP NET LEASE INVESTMENT OFFERING DEMOGRAPHIC REPORT DEMOGRAPHIC Population 1-Mile 3-Mile 5-Mile REPORT: Total Population 11,339 181,256 677,168 Total Households 4,134 69,557 252,611 Income 1-Mile 3-Mile 5-Mile Average Household Income $126,548 $102,195 $96,011 NET LEASE INVESTMENT OFFERING MARKET OVERVIEW MARKET Niles, Illinois OVERVIEW: Niles is a village in Cook County, Illinois with a population of 29,803 people. Niles is adjacent to Chicago to the south, Skokie to the east, Morton Grove to the northeast, Glenview to the north, and Park Ridge & unincorporated Cook County to the west. The town is centered along Milwaukee Avenue which forms a main artery diagonally through the town on a northwest-southeast bearing. Grainger (NYSE: GWW), who has their corporate headquarters in nearby Lake Forest, is the largest employer with over 850 employees working in Niles. NET LEASE INVESTMENT OFFERING MARKET OVERVIEW MARKET Chicago, Illinois OVERVIEW: Chicago is the most populous city in the Midwestern United States and the third most 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 two Dow 30 company: aerospace giant Boeing, which moved its headquarters from Seattle to the Chicago Loop in 2001 and McDonald’s, who’s in the process of moving there headquarters from the Chicago suburbs to the Chicago West Loop. One additional Dow 30 companies, Kraft Foods is 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 Magnificent Mile and State Street, 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 the fifty largest cities in the United States. www.cityofchicago.org NET LEASE INVESTMENT OFFERING TENANT OVERVIEW TENANT PNC OVERVIEW: PNC Financial Services is a diversified financial services company in the United States. PNC is engaged in retail banking, corporate and institutional banking, asset management, and residential mortgage banking. PNC provides deposit, lending, cash management, and investment services to more than 6 million consumer and small business customers across 19 states and the District of Columbia. PNC is the fifth largest bank in the United States (total branches) with more than 2,459 branches and 9,051 ATM machines. PNC is publicly traded on the New York Stock Exchange as PNC and has a market capitalization in excess of $67 billion. Website: www.pnc.com Credit: A (S&P) Stock Symbol: PNC (NYSE) Number of Locations: 2,459 Market Capitalization: $56 billion NET LEASE INVESTMENT OFFERING Randy Blankstein President 847.562.0003 [email protected] Jimmy Goodman Partner 847.562.8500 [email protected] 3520 Lake Avenue, Suite 203 Wilmette, IL 60091 www.bouldergroup.com.
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