Athletico Physical Therapy 8905 South Commercial Avenue Chicago, IL 60617 TABLE of CONTENTS

NET LEASE INVESTMENT OFFERING

Athletico Physical Therapy 8905 South Commercial Avenue Chicago, IL 60617 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 Floor Plans Maps

NET LEASE INVESTMENT OFFERING DISCLAIMER STATEMENT

DISCLAIMER The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended STATEMENT: 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, Athletico Physical Therapy property located in the SUMMARY: city of Chicago. The Athletico Physical Therapy property is located in a densely populated area with significant barriers to entry. The building was just retrofitted with significant improvements. The new Athletico Physical Therapy lease is for ten years and rent is estimated to commence in October 2016. The lease features a 10% rental escalation in the primary term and in each of the two 5-year renewal option periods.

The 4,535 square foot Athletico Physical Therapy building is located on a corner at the intersection of South Commercial Avenue and 89th Street. The property is benefitted by its proximity to the Advocate Trinity Hospital which is located approximately one mile west. Advocate Trinity Hospital treats more than 90,000 patients each year. Retailers located in the immediate trade area include Walgreens, CVS, Chase Bank, Bank of America, US Bank, MB Financial Bank and McDonald’s. The surrounding area is densely populated with over 26,000 people living within a one mile radius of the property.

Athletico Physical Therapy is in the field of physical therapy, orthopedic rehabilitation, sports medicine and athletic training. Athletico began in Chicago in 1991 and today has over 330 facilities throughout Arizona, Illinois, Indiana, Iowa, Michigan, Missouri, Ohio, South Dakota and Wisconsin, and employs over 4,000 clinical and administrative staff, and offers more than 40 specialty rehabilitation, outreach, and fitness services.

NET LEASE INVESTMENT OFFERING INVESTMENT HIGHLIGHTS

INVESTMENT • Located in the city of Chicago HIGHLIGHTS: • Brand new ten year lease

• 10% rental escalations every five years throughout the primary term and renewal option periods

• Recently renovated building (2016)

• Tenant is an industry leader with over 300 locations

• Densely populated area with over 26,000 people living within a one mile radius

• Centrally located between two Metra Chicago “L” train stations

• High barriers to entry

• Retailers located in the immediate area include Walgreens, CVS, Chase Bank, Bank of America, US Bank, MB Financial Bank and McDonald’s

• Advocate Trinity Hospital is located approximately one mile to the west

NET LEASE INVESTMENT OFFERING PROPERTY OVERVIEW

PROPERTY Price: $1,037,037 OVERVIEW: Cap Rate: 6.75%

Rent Schedule: NOI Escalation Date $70,000 $77,000 10/1/2021 $84,700 10/1/2026 (Option 1) $93,170 10/1/2031 (Option 2)

Rental Escalations: 10% Every Five Years Renewal Options: Two 5-Year Rent Commencement Date: October 2016 1 Lease Expiration Date: September 2026 1 Tenant: Athletico Physical Therapy Year Renovated: 2016 Building Size: First Floor: 2,500 SF Second Floor: 1,102 SF Basement: 933 SF Total: 4,535 SF 2

Land Size: 7,700 SF Lease Type: NN 3 (Roof, Structure, Parking Lot & HVAC)

1) Estimated rent commencement date is October 2016 2) Rent is based on the square footage of the first floor 3) Landlord can charge administration fee equal to 10% of CAM (excluding taxes)

NET LEASE INVESTMENT OFFERING PHOTOGRAPHS

NET LEASE INVESTMENT OFFERING AERIAL

METRA ELECTRIC LINE James H Brown High School

89TH STREET

(47,900 VPD)

Bessemer Park

CHICAGO

SKYWAY SOUTH COMMERCIAL AVENUE

SOUTH CHICAGO 93RD STOP

NET LEASE INVESTMENT OFFERING SITE PLAN

E T STREET LI ALLE LI S OMMERIAL AVENE AVENE S OMMERIAL

NET LEASE INVESTMENT OFFERING FLOOR PLANS

Basement

First Floor

Second Floor

NET LEASE INVESTMENT OFFERING MAPS

Lake Michigan

NET LEASE INVESTMENT OFFERING MAPS

Lake Michigan

NET LEASE INVESTMENT OFFERING DEMOGRAPHIC REPORT

DEMOGRAPHIC Population 1-Mile 3-Mile 5-Mile REPORT: Total Population 26,681 156,592 331,864 Total Households 8,011 61,383 130,881

Income 1-Mile 3-Mile 5-Mile

Average Household Income $43,583 $46,953 $49,704

NET LEASE INVESTMENT OFFERING MARKET OVERVIEW

MARKET Chicago is the most populous city in the Midwestern United States and the third most populous city in the United States OVERVIEW: 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 57 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 2014, Chicago had the third largest gross metropolitan product in the United States at $610 billion.

The city of Chicago also hosts 12 Fortune Global 500 companies and 17 Financial Times 500 companies. The city claims one Dow 30 company: aerospace giant Boeing, which moved its headquarters from Seattle to the Chicago Loop in 2001. Two more Dow 30 companies, Kraft Foods and McDonald’s are 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.

NET LEASE INVESTMENT OFFERING TENANT OVERVIEW

Athletico Physical Therapy is Chicagoland’s specialists in the field of physical therapy, orthopedic rehabilitation, sports medicine and TENANT athletic training. Athletico began in Chicago in 1991 and today has over 330 facilities throughout Arizona, Illinois, Indiana, Iowa, OVERVIEW: Michigan, Missouri, Ohio, South Dakota and Wisconsin, and employs over 4000 clinical and administrative staff, and offers more than 40 specialty rehabilitation, outreach, and fitness services.

Athletico has staff with expertise in treating the worker’s compensation population with such services as work conditioning, functional capacity evaluations, post-offer testing and ergonomic assessments. In addition, Athletico provides athletic training, physical therapy, occupational therapy, and fitness services to affiliations including high schools, colleges, and many professional sports teams.

Athletico provides the following services; complimentary injury screens, physical therapy, occupational/hand therapy, work comp, athletic training outreach, head injury and concussion management, specialized services, specialty techniques, fitness services, home health therapy staffing and golf performance center.

Website: www.athletico.com Number of Locations: 300+ Year Founded: 1991 Headquarters: Chicago, IL

NET LEASE INVESTMENT OFFERING Randy Blankstein President 847.562.0003 [email protected]

Jimmy Goodman Partner 847.562.8500 [email protected]

666 Dundee Road, Suite 1801 Northbrook, IL 60062