6611 S. Halsted Street Chicago | Illinois Offering Memorandum for Sale - Investment Opportunity

6611 S. HALSTED STREET CHICAGO | ILLINOIS OFFERING MEMORANDUM FOR SALE - INVESTMENT OPPORTUNITY

PRESENTED BY:

JUSTIN KAUFMANN PETER BLOCK Associate Executive Vice President DIRECT +1 847 384 2821 DIRECT +1 847 384 2840 EMAIL [email protected] EMAIL [email protected] TABLE OF CONTENTS

EXECUTIVE SUMMARY Executive Summary...... 4 Investment Highlights...... 5

PROPERTY INFORMATION Property Description...... 7 Property Aerial...... 8 Retail Map...... 9 Parcel Map...... 10 Tenant Overview...... 11

FINANCIAL OVERVIEW Financial Analysis...... 13

MARKET OVERVIEW Area Map...... 20 Vacancy Rate...... 21 Demographics...... 23 EXECUTIVE SUMMARY EXECUTIVE SUMMARY

Colliers International is pleased to present for sale a three tenant O’Reilly’s Auto Parts & Family Dollar anchored, 31,982 square foot strip center located at 6611 S. Halsted Street in Chicago, IL. The center is approximately 75% leased by national tenants with the current vacancy providing upside potential. The property is located just South of Kennedy-King College (City Colleges of Chicago) and the Halsted Green Line Station. Additionally, this property is a few blocks south of a new Whole Foods Anchored development.

Originally built in 1970, the in-line space was renovated in 1999 and the O’Reilly building in 2011. This quality asset provides a buyer with the unique opportunity to capture each of these well-known single tenant users in a multi-tenant property with additional upside available through the leasing of the vacant space.

Family Dollar recently exercised a five year option, exhibiting a long-term commitment to this site.

6611 S Halsted is one of the only strip centers of its kind along this heavily-traveled portion of the Halsted Street retail corridor that boasts a vacancy rate of only 2%. The property is being offered for sale at a 6.75% cap rate or $3,556,000.

6611 S HALSTED OFFERING MEMORANDUM | COLLIERS INTERNATIONAL P. 4 EXECUTIVE SUMMARY

INVESTMENT HIGHLIGHTS

75% LEASED INVESTMENT OPPORTUNITY to high quality tenants including O’Reilly’s Auto Parts and Family Dollar with upside through lease up.

Dense In-Fill Location Located in a very strong retail trade area OFFERING SUMMARY Submarket Currently features a direct vacancy rate of less ASKING PRICE: $3,556,000 than 2%. Rental rates for both tenants are significantly below market. CAP RATE: 6.75% PROFORMA IRR: 17.04% Tremendous Retail Synergy and Regional Draw Neighboring retailers include: Walgreens, Dunkin OCCUPANCY: 75% Donuts, Aldi, US Bank, Kennedy-King College SIZE: 31,982 SF White Castle, Church’s Chicken, US Cellular, Checker’s Drive-in, Jackson Hewitt, the US Post O’REILLY remaining Office and others primary term: 7 years FAMILY DOLLAR Outstanding Demographics remaining term: 5 years 323,000 people within a 3-mile radius of the property and almost 807,000 people within a 5-mile radius. The intersection of Halsted & 67th Streets boast a traffic count of more than 20,000 cars per day north/south and 16,500 cars per day east/west.

Central Location Located one block away to the south of the Kennedy-King College (City Colleges of Chicago) and another ½ block away from the Halsted Green Line Station

6611 S HALSTED OFFERING MEMORANDUM | COLLIERS INTERNATIONAL P. 5 PROPERTY INFORMATION PROPERTY INFORMATION

OFFERING PRICE BUILDING SIZE $3,556,000 31,982 SF O’Reilly: 10,000 SF IN PLACE NOI Family Dollar: 14,085 SF $240,034 VACANT: 7,807 SF

CURRENT YIELD YEAR BUILT 6.75% 1970/ Renovated 1999 1998/ Renovated 2011 PROPERTY ADDRESS 6611 S. Halsted St. TENANCY Chicago, IL O’Reilly Auto Parts, Family Dollar LAND SIZE 1.39 AC OCCUPANCY *2 parcels 75%

6611 S HALSTED OFFERING MEMORANDUM | COLLIERS INTERNATIONAL P. 7 PROPERTY INFORMATION

PROPERTY AERIAL

6611 S HALSTED OFFERING MEMORANDUM | COLLIERS INTERNATIONAL P. 8 PROPERTY INFORMATION

RETAIL MAP HAL S TED ST 100 VPD ) . ( 20,

NEW WHOLE FOODS ANCHORED SHOPPING CENTNTEERR

ENGELWOOD US POST HEALTH OFFICE CENTER

KENNEDY-KING COLLEGE

6611 S. HALSTED

MARQUETTE RD (16,500 VPD)

6611 S HALSTED OFFERING MEMORANDUM | COLLIERS INTERNATIONAL P. 9 PROPERTY INFORMATION

PARCEL MAP

6611 S HALSTED OFFERING MEMORANDUM | COLLIERS INTERNATIONAL P. 10 PROPERTY INFORMATION

TENANT OVERVIEW

O’Reilly Auto Parts at 6611 S. Halsted in Chicago, IL has been at this location since November 2010. O’Reilly Auto Parts is one of the largest specialty retailers of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States, serving both professional service providers and do-it- yourself customers. O’Reilly Automotive, Inc. (NASDAQ: ORLY) was founded in 1957 by the O’Reilly family and has 4,257 stores in operation in 42 states as of June 2014. The company is on track with its plan for growth and expansion of an additional 200 new locations in 2014. O’Reilly’s has a Moody’s rating of Baa2 and S&P rating of BBB.

Since July 1999, Family Dollar has been located at 6611 S. Halsted in Chicago, IL. It is a true representation of the success and growth that Family Dollar Stores, Inc. (NASDAQ: FDO) has had since it was founded in 1959 in Charlotte, North Carolina by entrepreneur, Leon Levine. The company is head- quartered in Matthews, North Carolina. There are over 8,000 stores in 46 states with 50,000 team members to make sure the company continues to succeed. Family Dollar and Dollar Tree are expected to merge in early 2015. Family Dollar Stores, Inc. operates a chain of self-service retail discount stores primarily for low- and middle-income consumers in the United States. Customers are offered a mix of quality name brand products they use every day; from consumable products such as household paper products and expanded food assortment, to treasures for every home and even quality apparel for men, woman and children. A mix of seasonal products, greeting cards, gift-wrap and much more are offered as well.

6611 S HALSTED OFFERING MEMORANDUM | COLLIERS INTERNATIONAL P. 11 FINANCIAL OVERVIEW FINANCIAL OVERVIEW

6611 S. Halsted Executive Summary Property Description

Total Net Rentable Area (RSF) 31,892 Analysis Start Date March 1, 2015 Address 6611 S. Halsted Occupancy as of Analysis Start 75.52% Chicago, IL Holding Period 10 years

Unleveraged - All Cash Analysis Purchase Price $3,556,059 Gross Residual Value $4,781,388 Purchase Price per RSF $111.50 Gross Residual Value per SF $149.92 Year 1 NOI $240,034 Exit Cap Rate 8.50% Cap Rate on In-Place Income 6.75% Cost of Sale 3.00%

Holding Period & Associated Returns Year 3 Year 5 Year 10 Cash Flow IRR Cash Flow IRR Cash Flow IRR $.500 M 4.70% $1.441 M 7.84% $4.017 M 9.80%

Leveraged - w/Debt Financing (1)

Loan-To-Value 70% Equity Contribution $2,624,863 Interest Rate 5.00% Amortization (Yrs) 25

Holding Period & Associated Returns Year 3 Year 5 Year 10 Cash Flow IRR Cash Flow IRR Cash Flow IRR $.088 M 2.95% $.790 M 13.45% $2.830 M 17.04%

1) Assumes the same disposition assumptions as the all cash analysis

6611 S HALSTED OFFERING MEMORANDUM | COLLIERS INTERNATIONAL P. 13 FINANCIAL OVERVIEW

6611 S. Halsted Market Leasing Assumptions General Assumptions

Analysis Start Date 3/1/2015 Net Rentable Area Occupancy as of Start Date 75.52% Occupied 24,085 75.52% Holding Period 10 years Available 7,807 24.5% Space Type Retail Total 31,892 100.0% Reimbursements Net Purchase Price Annual Growth/Inflation Rate Purchase Amount $3,556,059 Expenses 2.00% Per NRA $111.50 Property Taxes 2.00%

General Vacancy (1) 5.00% Market Assumptions Renewal Probability 75.00% Reserves/Capital Expenditures $0.10/SF/Yr. Market Rent $14.00 Market Escalations 3.00%

New Renewal Tenant Improvements $10.00 $0.00 Rent Abatement $3.00 None Commissions $3.00 $0.00

1) Based on Full Occupancy; otherwise, pro-rated for current vacancies. Commences in Yr. 2, upon stabilization. 2) Market terms were prorated for tenants who had option periods for 5 years only.

Lease Up Assumptions - Current Vacancies Tenant Leasing Available Rent Improvemen Free Rent Commission # Space RSF Lease Start Lease End Term (Yrs) Year 1 Rent Escalation Recoveries ts (Mos) s Vacant 7,807 9/1/2015 8/31/2025 10 $14.00/SF 3.00% Net $10.00/SF None $3.00/SF

*All renewals are at market terms that do not currently have options.

6611 S HALSTED OFFERING MEMORANDUM | COLLIERS INTERNATIONAL P. 14 FINANCIAL OVERVIEW

6611 S. Halsted Rent Roll Original Occupancy Lease Current Term Start Base Rent Tenant Suite Size (RSF) Bldg Share Lease Type Date Expiration Date $/SF Escalations Options / Renewals O'Reilly Automotive Stores, Inc. 10,000 31.36% Net 12/1/11 11/31/21 12/1/11 $10.77 $11.04/SF as of 12/1/16 1x5 Yrs. @$11.70/SF w/No Esc. 1x5 Yrs. @$12.40/SF w/No Esc. 1x5 Yrs. @$13.15/SF w/No Esc.

Family Dollar, Inc. 14,085 44.16% None 1/1/10 12/31/19 1/1/15 $9.03 - 1x5 Yrs. @$9.73/SF w/No Esc. Market Terms on 5 Yr. Renewals Thereafter *Market renewals have no escalations in annual rent; Tenant also does not pay T&O expenses during renewal periods. 24,085 75.52%

6611 S. Halsted Lease Expiration Schedule Year # Expirations Rentable Area % of NRA 2016 0 0 0.00% 2017 0 0 0.00% 2018 0 0 0.00% 2019 0 0 0.00% 2020 1 14,085 44.16% 2021 0 0 0.00% 2022 1 10,000 31.36% 2023 0 0 0.00% 2024 0 0 0.00% 2025 1 14,085 44.16% 2026 1 7,807 24.48%

16,000

14,000

12,000

10,000

8,000 14,085 14,085 6,000 10,000 4,000 7,807

2,000

0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026

6611 S HALSTED OFFERING MEMORANDUM | COLLIERS INTERNATIONAL P. 15 FINANCIAL OVERVIEW

6611 S. Halsted Summarized Returns Net Rentable Area: 31,892 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 NOI $240,034 $287,102 $291,343 $293,742 $295,618 $325,192 $327,429 $353,551 $356,379 $359,303 Net CF $131,450 $283,913 $288,154 $290,553 $292,429 $288,957 $300,309 $350,362 $353,190 $356,114

Purchase Price Cap Rate Cash on Cash Returns $ Amount $/RSF Spread Year 3 Year 5 Year 10 $3,692,831 $115.79 6.50% 7.89% 8.01% 9.73% $3,556,059 $111.50 6.75% 8.19% 8.31% 10.10% $3,429,057 $107.52 7.00% 8.50% 8.62% 10.48% $3,310,814 $103.81 7.25% 8.80% 8.93% 10.85% $3,097,213 $97.12 7.75% 9.41% 9.54% 11.60%

Sensitivity Matrix - Internal Rate of Return (IRR) Based on Purchase Price & Exit Cap @ Disposition Unleveraged All Cash Sensitivity - Range of Internal Rate of Return (IRR) Based on Purchase Price & Exit Cap @ Disposition

Exit Cap 8.25% 8.50% 8.75% 9.00% 9.25% 9.50% Going-In Cap $4,926,279 $4,781,388 $4,644,777 $4,515,756 $4,393,708 $4,278,084 6.50% $3,692,831 9.48% 9.26% 9.05% 8.85% 8.65% 8.46% 6.75% $3,556,059 10.02% 9.80% 9.59% 9.39% 9.19% 9.00% 7.00% $3,429,057 10.54% 10.32% 10.11% 9.91% 9.71% 9.52% 7.25% $3,310,814 11.05% 10.83% 10.62% 10.42% 10.22% 10.03% 7.50% $3,200,453 11.55% 11.33% 11.12% 10.91% 10.72% 10.53% 7.75% $3,097,213 12.03% 11.81% 11.60% 11.40% 11.20% 11.02%

Leveraged w/Debt Financing (70.0% LTV) - Range of Internal Rate of Return (IRR) Based on Purchase Price & Exit Cap @ Disposition

Exit Cap 8.25% 8.50% 8.75% 9.00% 9.25% 9.50% Going-In Cap $4,926,279 $4,781,388 $4,644,777 $4,515,756 $4,393,708 $4,278,084 6.50% $3,692,831 16.21% 15.78% 15.35% 14.94% 14.53% 14.13% 6.75% $3,556,059 17.46% 17.04% 16.63% 16.23% 15.83% 15.45% 7.00% $3,429,057 18.66% 18.25% 17.86% 17.47% 17.09% 16.72% 7.25% $3,310,814 19.82% 19.43% 19.04% 18.67% 18.30% 17.94% 7.50% $3,200,453 20.95% 20.57% 20.19% 19.83% 19.47% 19.13% 7.75% $3,097,213 22.05% 21.68% 21.31% 20.96% 20.62% 20.28%

6611 S HALSTED OFFERING MEMORANDUM | COLLIERS INTERNATIONAL P. 16 FINANCIAL OVERVIEW

Investor Purchase Enter Selling Period 10 1

6611 S. Halsted

Dates Feb-2016 Feb-2017 Feb-2018 Feb-2019 Feb-2020 Feb-2021 Feb-2022 Feb-2023 Feb-2024 Feb-2025 Year 0 1 2 345678 9 10

Base Rental $289,465 $346,426 $351,774 $355,202 $363,922 $395,164 $403,706 $421,950 $425,924 $430,017 Absorption & Turnover Vacancy $0 $0 $0 $0 ($26,380) $0 ($21,592) $0 $0 $0 Rent Abatement $0 $0 $0 $0 $0 ($4,998) ($4,048) $0 $0 $0 Expense Reimbursement $38,272 $49,952 $50,951 $51,970 $53,009 $54,069 $48,970 $56,254 $57,378 $58,526 General Vacancy $0 ($19,819) ($20,136) ($20,359) $0 ($22,212) ($839) ($23,910) ($24,165) ($24,427) Effective Gross Income $327,737 $376,559 $382,589 $386,813 $390,551 $422,023 $426,197 $454,294 $459,137 $464,116

Tax & Opex $87,703 $89,457 $91,246 $93,071 $94,933 $96,831 $98,768 $100,743 $102,758 $104,813 Total Expense $87,703 $89,457 $91,246 $93,071 $94,933 $96,831 $98,768 $100,743 $102,758 $104,813

NOI $240,034 $287,102 $291,343 $293,742 $295,618 $325,192 $327,429 $353,551 $356,379 $359,303 Tenant Improvements ($78,070) $0 $0 $0 $0 ($19,439) ($14,077) $0 $0 $0 Lease Commissions ($27,325) $0 $0 $0 $0 ($13,607) ($9,854) $0 $0 $0 Reserves ($3,189) ($3,189) ($3,189) ($3,189) ($3,189) ($3,189) ($3,189) ($3,189) ($3,189) ($3,189)

Cash Flow $131,450 $283,913 $288,154 $290,553 $292,429 $288,957 $300,309 $350,362 $353,190 $356,114

Investor Exit Cap 8.50% $0 $0 $0 $0 $0 $0 $0 $0 $0 $4,781,388 Closing Costs 3.00% $0 $0 $0 $0 $0 $0 $0 $0 $0 ($143,442) Net Sales Proceeds $0 $0 $0 $0 $0 $0 $0 $0 $0 $4,637,947

Unleveraged Cash Flow ($3,556,059) $131,450 $283,913 $288,154 $290,553 $292,429 $288,957 $300,309 $350,362 $353,190 $4,994,061

1st Loan Amount (Incl. TI/LC Vacant Space) $2,624,863 Debt Service (Principal + Interest) - First Loan ($184,136) ($184,136) ($184,136) ($184,136) ($184,136) ($184,136) ($184,136) ($184,136) ($184,136) ($184,136) Less Loan Payoff $0 $0 $0 $0 $0 $0 $0 $0 ($1,940,416) Leveraged Cash Flow ($961,423) ($52,686) $99,777 $104,018 $106,417 $108,293 $104,821 $116,173 $166,226 $169,054 $2,869,508

Investor Unleveraged IRR 9.80% Unleveraged Cash Flow $4,017,318

Investor Leveraged IRR 17.04% Leveraged Cash Flow $2,830,176

6611 S HALSTED OFFERING MEMORANDUM | COLLIERS INTERNATIONAL P. 17 MARKET OVERVIEW MARKET OVERVIEW

AREA MAP S Michigan Ave S Halsted St

W 59th St S Normal Blvd S Racine Ave

W 60th St S Wabash Ave S State St

W 61st St S Stewart Ave S Carpenter St S Ashland Ave S Loomis Blvd

W 63rd St Halsted Green

W 64th St S Morgan St ENGLEWOOD

W 65th St Ogden Park 90 90 94 W 66th St

6611 S. HALSTED ST. Marquette Rd S Sangamon St S Wentworth Ave

S Racine Ave W 68th St S Wabash Ave S Michigan Ave S State St W 69th St S Halsted St

94 W 70th St

W 71st St

W 72nd St

Hamilton Park S Vincennes Ave W 73rd St

W 74th St

6611 S HALSTED OFFERING MEMORANDUM | COLLIERS INTERNATIONAL P. 19 MARKET OVERVIEW

VACANCY- WITHIN 1 MILE RADIUS

Halsted Street is the major transportation thoroughfare and retail corridor for this submarket. Retailers located here benefit from the proximity to Kennedy-King College and the Halsted-Green Line rail station. The site benefits from over 320,000 people within a 3 mile radius.

Within a 1-mile radius of the site, average asking rents are greater than $14.00/SF NNN – much higher than the current in-place rental rates. Additionally, this submarket has less than 2% retail vacancy with very little space available.

6611 S HALSTED OFFERING MEMORANDUM | COLLIERS INTERNATIONAL P. 20 MARKET OVERVIEW

KENNEDY-KING COLLEGE

The largest driver for retail tenants in this submarket is Kennedy-King College (KKC) which is directly north of the site. KKC is part of the 114,000+ student network of 7 campuses that make up the City Colleges of Chicago. KKC moved to this location in 2005 and houses the Dawson Technical Institute, Washburne Culinary Institute, French Pastry School, and beginning in 2014, KKC will launch a hospitality program to complement the school’s culinary program. As of 2013, roughly 14,000 students were enrolled at KKC.

The new Kennedy–King College campus is a 40-acre campus consisting of six buildings with a combined 500,000 square feet of floor space. The campus is located at 6301 South Halsted Street, on the south side of Chicago. The campus features classrooms, a radio-TV and culinary building with four kitchens, a teaching restaurant, a 450-seat dining hall, a theater, three television production studios and offices and studios for WYCC and WKCC. It also features an applied sciences building with a book store; auto technology lab; and shops for auto body work, welding, printing and heating, ventilating and air conditioning.

The campus also has an athletic field, and parking for 800 spaces and a green roof. Mayor Richard M. Daley dedicated the new KKC on July 18, 2007, noting that 47 percent of construction dollars were awarded to minority and women vendors, and nearly 60 percent of construction workers were minorities.

6611 S HALSTED OFFERING MEMORANDUM | COLLIERS INTERNATIONAL P. 21 MARKET OVERVIEW

DEMOGRAPHICS Pop-Facts: Demographic Quick Facts 2014 Report

Radius 1: 6611 S HALSTED ST, CHICAGO, IL 60621-1811, aggregate Radius 2: 6611 S HALSTED ST, CHICAGO, IL 60621-1811, aggregate Radius 3: 6611 S HALSTED ST, CHICAGO, IL 60621-1811, aggregate 0.00 - 1.00 miles 0.00 - 3.00 miles 0.00 - 5.00 miles Description Radius 1 % Radius 2 % Radius 3 % Population 2019 Projection 30,808 318,677 806,203 2014 Estimate 32,016 323,705 807,810 2010 Census 33,239 328,798 809,802 2000 Census 42,224 391,535 899,273

Growth 2000 - 2010 -21.28% -16.02% -9.95% Growth 2010 - 2014 -3.68% -1.55% -0.25% Growth 2014 - 2019 -3.77% -1.55% -0.20%

Households 2019 Projection 10,500 111,218 288,689 2014 Estimate 10,867 112,091 287,171 2010 Census 11,228 112,679 285,291 2000 Census 13,348 125,937 305,892

Growth 2000 - 2010 -15.88% -10.53% -6.73% Growth 2010 - 2014 -3.22% -0.52% 0.66% Growth 2014 - 2019 -3.38% -0.78% 0.53%

2014 Est. Population by Single Classification Race 32,016 323,705 807,810 White Alone 249 0.78 35,203 10.88 175,884 21.77 Black or African American Alone 31,071 97.05 248,070 76.63 465,020 57.57 American Indian and Alaska Native Alone 89 0.28 1,197 0.37 3,560 0.44 Asian Alone 59 0.18 3,085 0.95 31,366 3.88 Native Hawaiian and Other Pacific Islander Alone 8 0.02 0.0383 230 0.03 Some Other Race Alone 98 0.31 29,440 9.09 112,651 13.95 Two or More Races 443 1.38 6,628 2.05 19,099 2.36

2014 Est. Population Hispanic or Latino 32,016 323,705 807,810 Hispanic or Latino 456 1.42 55,881 17.26 231,016 28.60 Not Hispanic or Latino 31,560 98.58 267,824 82.74 576,794 71.40

2014 Tenure of Occupied Housing Units 10,867 112,091 287,171 Owner Occupied 3,001 27.62 41,586 37.10 129,061 44.94 Renter Occupied 7,866 72.38 70,505 62.90 158,110 55.06

2014 Average Household Size 2.89 2.84 2.77

6611 S HALSTED OFFERING MEMORANDUM | COLLIERS INTERNATIONAL P. 22 MARKET OVERVIEW

DEMOGRAPHICS Pop-Facts: Demographic Quick Facts 2014 Report

2014 Est. Households by Household Income 10,867 112,091 287,171 CY HHs, Inc < $15,000 4,777 43.96 30,786 27.47 66,215 23.06 CY HHs, Inc $15,000 - $24,999 2,198 20.23 19,695 17.57 44,101 15.36 CY HHs, Inc $25,000 - $34,999 1,065 9.80 14,321 12.78 36,314 12.65 CY HHs, Inc $35,000 - $49,999 972 8.94 15,180 13.54 40,427 14.08 CY HHs, Inc $50,000 - $74,999 1,036 9.53 16,354 14.59 46,179 16.08 CY HHs, Inc $75,000 - $99,999 506 4.66 8,006 7.14 24,721 8.61 CY HHs, Inc $100,000 - $124,999 155 1.43 3,759 3.35 13,088 4.56 CY HHs, Inc $125,000 - $149,999 73 0.67 1,634 1.46 5,898 2.05 CY HHs, Inc $150,000 - $199,999 43 0.40 1,350 1.20 6,099 2.12 CY HHs, Inc $200,000 - $249,999 15 0.14 0.32363 1,631 0.57 CY HHs, Inc $250,000 - $499,999 19 0.17 0.42470 1,938 0.67 CY HHs, Inc $500,000+ 7 0.06 0.15173 561 0.20

2014 Est. Average Household Income $28,312 $41,032 $48,122

2014 Est. Median Household Income $17,988 $28,886 $34,162

2014 Median HH Inc by Single Race Class or Ethn White Alone 43,375 38,391 44,265 Black or African American Alone 17,612 26,365 30,105 American Indian and Alaska Native Alone 35,547 48,179 46,928 Asian Alone 29,925 52,489 33,922 Native Hawaiian and Other Pacific Islander Alone 109,580 36,647 39,693 Some Other Race Alone 47,539 37,346 41,060 Two or More Races 43,065 44,489 44,198

Hispanic or Latino 41,986 36,157 40,965 Not Hispanic or Latino 17,845 27,604 32,444

6611 S HALSTED OFFERING MEMORANDUM | COLLIERS INTERNATIONAL P. 23 CONFIDENTIALITY & DISCLAIMER STATEMENT This Offering Memorandum contains select information pertaining to the business and affairs of the property at 6611 S. Halsted Street, Chicago, IL. It has been prepared by Colliers International. This Offering Memorandum may not be all-inclusive or contain all of the information a prospective purchaser may desire. The information contained in this Offering Memorandum is confidential and furnished solely for the purpose of a review by a prospective purchaser of the Property. It is not to be used for any other purpose or made available to any other person without the written consent of Seller or Colliers International. The material is based in part upon information supplied by the Seller and in part upon financial information obtained by Peter Block from sources it deems reliable. Owner, nor their officers, employees, or agents makes any representation or warranty, express or implied, as to the accuracy or completeness or this Offering Memorandum or any of its contents and no legal liability is assumed or shall be implied with respect thereto. Prospective purchasers should make their own projections and form their own conclusions without reliance upon the material contained herein and conduct their own due diligence. By acknowledging your receipt of this Offering Memorandum from Colliers International, you agree: 1) The Offering Memorandum and its contents are confidential; 2) You will hold it and treat it in the strictest of confidence; and 3) You will not, directly or indirectly, disclose or permit anyone else to disclose this Offering Memorandum or its contents in any fashion or manner detrimental to the interest of the Seller. Owner and Colliers International expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers to purchase the Property and to terminate discussions with any person or entity reviewing this Offering Memorandum or making an offer to purchase the Property unless and until a written agreement for the purchase and sale of the Property has been fully executed and delivered. If you wish not to pursue negotiations leading to the acquisition of 6611 S. Halsted Street, Chicago, IL. or in the future you discontinue such negotiations, then you agree to purge all materials relating to this Property including this Offering Memorandum. A prospective purchaser’s sole and exclusive rights with respect to this prospective transaction, the Property, or information provided herein or in connection with the sale of the Property shall be limited to those expressly provided in an executed Purchase Agreement and shall be subject to the terms thereof. In no event shall a prospective purchaser have any other claims against Seller or Colliers International or any of their affiliates or any of their respective officers, Directors, shareholders, owners, employees, or agents for any damages, liability, or causes of action relating to this solicitation process or the marketing or sale of the Property. This Offering Memorandum shall not be deemed to represent the state of affairs of the Property or constitute an indication that there has been no change in the state of affairs of the Property since the date this Offering Memorandum.

6611 S HALSTED OFFERING MEMORANDUM | COLLIERS INTERNATIONAL P. 24