Us Bank Building Investment Summary

US BANK BUILDING INVESTMENT SUMMARY

24000 SF Office Building at $1,190,000 at a 11% Cap Rate, Matteson, IL Address: 4350 W Lincoln Hwy, Matteson, IL 60443 Contact: Sean Xu 213 4471933 email: [email protected]

Anchored by US Bank, mixed use on 2 acres land, exceptional, well-equipped & maintained building with 400' of frontage on Heavily Traveled Lincoln Highway. New 60 Ton HVAC Unit, overhauled elevator, Overhauled Heater, Rebuilt sum pumps, Ungraded all parking lots lights to LED to save power. Fully leased for years, US bank use basement and 1st floor. 5 other tenants use 2nd floor. About 8000 SF each floor. All major existing tenants extended leases. This US bank branch is the best with highest deposit as regional center due to best locations. The US bank branch also have a safe box vault here inside. Well maintained inside and outside building next to a new L A Fitness facility. A new casino is coming here across street from this building. https://patch.com/illinois/frankfort/matteson-files-amendment-change-casino-location

Outside Images

Inside Images:

Investment High lights:

• US bank have 13 years on the lease with two more options still. With 5% increase each option. • Lincoln Highway (39,500 cpd), Cicero Avenue (23,400 cpd) and with a combined traffic count of 62,900 cpd. I-57 interchange (74- 700 cpd). • High Yield Opportunity: Priced at a 11% initial cap rate. This property offers excellent returns day one. • Strong Tenant Performance: The Bank Building' s long-term tenancy testifies to its outstanding location by the 100 years famous Lincoln hwy. • Substantial Discount to Replacement Cost: $50 per SF, the asset is priced well beneath costs. • Retail Center of Gravity with Expansive Draw: Surrounding tenants include Walmart/ Sam' s Club online distribution center, Target, Home Depot, Menard' s, JCPenney and many more. • Extra large land lot for future development at hot location.

Inside Images:

Investment High lights: • Dense Trade Area with Above Average Incomes: Population within a three mile radius is dense, with approximately 62,138 residents. • Across street: The $250-300 million development is envisioned to include 600 upscale townhomes and condos, about 160,000 square feet of retail space and a sports complex that will bring in people from across the country for tournaments • Lincoln Highway (U.S. Route 30 (39,500 cpd), Cicero Avenue (23,400 cpd) and with a combined traffic count of 62,900 cpd. I-57 interchange (76,500 cpd). The Property is located in Cook County-2nd largest County in the U.S. Located just off the I-57 in Southland Chicago & Lincoln Highway (RT. 30). The Property benefits from its location with substantial frontage & access from both Lincoln Hwy .The Property is located in a main retail corridor with several surrounding retailers including Walmart, Sam's Club, Target, Home Depot, Menard's, Ross Dress For Less, PetSmart, Marshall's, Sports Authority, Burlington Coat Factory, and many others, benefiting the center with a vast regional draw. The Property allows for quick interstate access, leading to Chicago 30 miles to the North. Also located nearby is the Hollywood Amphitheater, and Olympia Fields Country Club. The Property benefits from extremely dense 5-mile demographics and in 2019 had ±150,000 residents and average annual household incomes exceeding ±$77,500. Income and Expense for 2018

Locations and nearby businesses:

The Lincoln Highway was one of the earliest transcontinental highway routes for automobiles across the United States of America. built in 1912 from the west end Lincoln Park in San Francisco CA to its east end in Times Square in New York, NY

New Project across street. Matteson Village President Sheila Chalmers-Currin said that the proposed Market Square Crossing, at I-57, Route 30 and Cicero Avenue, is already a place that people want to be. The $250-to-300 million development is envisioned to include 600 upscale townhomes and condos, mostly apartments clustered in three- or four-story buildings with commercial uses at ground level, about 160,000 square feet of retail space and a sports complex that will bring in people from across the country for tournaments. "We have already been contacted by office tenants, by retail tenants, by residential developers. We aren’t even out to market and people are already hearing about it and coming to us," he said. Keith Lord views it, "Ground has broken. Go take a look at the mall site. He said a sports complex with skate parks, ice rinks and space for volleyball will be built with an eye towards bringing in tournaments from around the Chicago area and the country. State Senator Michael Hastings said he only "sees great things ahead for the Southland." Extended read link: http://www.lordcompanies.com/Market_Square_Crossing.html https://wbbm780.radio.com/articles/matteson-officials-announce-redevelopment-former-lincoln-mall-space http://thechicagocitizen.com/news/2018/dec/19/redeveloped-lincoln-mall-will-not-include-big-box-/ https://en.wikipedia.org/wiki/Lincoln_Highway Matteson Town Center is a ±180,000 SF community retail center located in Matteson, IL. Matteson Town Center is situated on a 17.71-acre, commercially-zoned site and is currently ±64% occupied with up to ±46,000 SF of space available for immediate lease- up (17 individual units). The longstanding national tenants include Chuck E Cheese, Footlocker, OfficeMax/Office Depot, Subway, Lane Bryant, Cricket Wireless, and Check N Go.

One map shows all about 10 US bank branches nearby. IF you are the CEO of the us bank, and you will need to close 9 branches and only keep 1 in the location. Which one you will keep it open? You will choose to close all the other 9 branches and keep this one.

There are approximately 64,256 people within a three-mile radius of this property and 164,120 within a five-mile radius. The property is situated on 211th Street off of Lincoln Highway, also known as U.S. Route 30. Lincoln Highway has traffic counts in excess of 40,000 vehicles per day. Nearby U.S. Interstate 57 has additional traffic counts of over 102,000 vehicles per day.

Say, after many many years, US bank pulling all business out of Chicago, please ask yourself, if BOA, BMO first american bank and all bank around, if they have a better location than this? If they are willing to move their branch to this location? The answer is YES!! Because this location with 102 000 vehicles per day is the best, and only bank location compare with all other bank around. So I am sure, US bank will stay and all other bank like to like this location.

Across street: The $250-300 million development is envisioned to include 600 upscale townhomes and condos, about 160,000 square feet of retail space and a sports complex that will bring in people from across the country for tournaments. These new 600 homes with about 2000 new people do not need bank? yes, they do! I think this location are great, best location!!

Please compare the following Chase Bank for sale. Same bank with 3 times more , and the sale is not including the land for the chase bank. (If you buy the chase bank for 3700000, you do not buy the land. you have to pay lease fee to rent the land from some else)

Please see if you have any questions?

By the way, US bank may buy this building also if they want. It is on the lease.

Following is for compare only.

Chase BankMatteson, Illinois $ 3,700,000OFFERING MEMORANDUM Send To Friend Inquire About Property Add To Favorites

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PROPERTY OVERVIEW

Address: 4411 211th Street, Matteson, Illinois, United States 60443 Type: Restaurant Cap Rate: 5.40% Lease Type: Absolute Triple Net (NNN) Annual Rent: $199,650 Net Operating Income: $199,650 Lease Term Remaining: 19 Years Rental Increases: 10% Every Five Years Options: Four (4), Five (5)-Year Options Year Built: 2007 Rentable Sq/Ft: 4,335 SF Rent Sq/Ft: $46.06 Price Sq/Ft: $854 Lot Size: +/-1.00 Acres

INVESTMENT OVERVIEW

Marcus & Millichap is pleased to exclusively market for sale the subject single-tenant Chase Bank ground lease located at 4411 211th Street in Matteson, Illinois. The property is made up of a 4,335 square feet building and is situated on approximately 1.00 acre of land. The investment opportunity is subject to an absolute triple-net (NNN) lease which has approximately 19 years of term remaining. The current rent is $199,650 and is subject to 10% rental increases every five years, including through the four, five-year tenant renewal options. The lease is guaranteed by JPMorgan Chase Bank, N.A.

JPMorgan Chase & Co. is an American multinational investment bank and financial services company headquartered in New York City. JPMorgan Chase is the largest bank in the United States, and the sixth largest bank in the world by total assets, with the amount of $2.534 trillion. It is the world’s most valuable bank by market capitalization. As of 2017, the bank is one of the largest asset management companies in the world with US$2.789 trillion in assets under management and US$30 trillion in assets under custody. At US$47.7 billion in assets under management, the hedge fund unit of JPMorgan Chase is the fourth largest hedge fund in the United States.

LOCATION OVERVIEW

This Chase Bank ground lease is located at 4411 211th Street in Matteson, Illinois. Matteson is a village in Cook and Will Counties. It is bordered by Park Forest and Olympia Fields to the east, Country Club Hills and Tinley Park to the north, Frankfort to the west, and Richton Park to the south.

The subject property is well-positioned in an active commercial corridor, benefitting from its proximity to major national retailers and various points of interest. Major national retailers in the area include: Home Depot, Ihop, Panera Bread, Dollar Tree, PetSmart, Olive Garden, Quality Inn, Hampton Inn & Suites, Aldi, White Castle, Panda Express, Dunkin Donuts, Burger King, LA Fitness, McDonald’s, CitiTrends, Sally Beauty Supply, KFC, JCPenney, DaVita Dialysis, Pizza Hut, Chipotle, Five Guys, Potbelly, Wendy’s, OfficeMax, Chuck E Cheese’s, Bar Louie, Hertz, as well as many others. Various automotive dealerships in the surrounding area include: Toyota, Buick, Nissan, Kia, Ford, Lincoln, Honda, Mitsubishi, Hyundai, Chrysler, Jeep, Dodge, Ram. Sieden Prairie Elementary School and Colin Powell Middle School are in the surrounding area and serve over 900 students.

Matteson is located approximately thirty miles south of downtown Chicago. Chicago is the third largest city in the United States as well as the county seat of Cook County. Located where the Chicago River meets Lake Michigan, Chicago is known as the “Windy City” due to the weather caused by the nearby bodies of water. Chicago is the second largest business district and the most balanced economy in the nation. Multiple Dow 30 companies are based in the Chicago Metropolitan Area, such as Boeing, Kraft, and McDonald’s. Every year, over 50 million people visit the city. With three- time World Series winners the Chicago Cubs, the six-time Stanley Cup winning Chicago Blackhawks, and six-time NBA championship winning Chicago Bulls, the city has a tradition of excellence in all sports. Chicago is also home to several universities such as Northwestern University, University of Chicago, the Art Institute of Chicago, DePaul University, and several others with a combined total enrollment of over 60,000 students.