NET LYNX SPORTS WAREHOUSE LOVES PARK, ILLINOIS Table of Contents | 2 Net Lynx Sports Warehouse

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NET LYNX SPORTS WAREHOUSE LOVES PARK, ILLINOIS Table of Contents | 2 Net Lynx Sports Warehouse NET LYNX SPORTS WAREHOUSE LOVES PARK, ILLINOIS Table of Contents | 2 Net Lynx Sports Warehouse Financial Overview NET LYNX SPORTS Financial Overview……………………...4 Rent Roll………………………………..5 Building Abstract………………………..6 WAREHOUSE Investment Overview Investment Overview…………………….8 Tenant Overview…………………….9-11 New Property Photos………………….12 Interior Photos………….……………..13-15 Drone Photos……………………………16 New Roof Photos………………………..17 Market Aerial Photos.…………………...18-21 Local & Regional Maps…………………22-23 Market Overview Rockford, Illinois…….………………….25 Chicago Market Overview………………26-30 Demographics …………………..……...31-32 This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015 Marcus & Millichap ACT ID Z0260022 Financial Overview FINANCIAL OVERVIEW This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015 Marcus & Millichap ACT ID Z0260022 Financial Overview | 4 Net Lynx Sports Warehouse Price $2,750,000 Term Annual Rent Monthly Rent Gross Leaseable Area (GLA) 108,000 SF Current (COE + 5 Years): $226,875 $18,906 Price/ SF $25.46 Option I: $233,681 $19,473 Cap Rate 8.25% Option II: $240,691 $20,058 Net Operating Income $226,875 Option III: $247,912 $20,659 Year Built/Renovated 1989/2017 NET OPERATING INCOME $226,875 Lot Size 4.58 Acres TOTAL RETURN 8.25% / $2,750,000 Type of Ownership Fee Simple Proposed Loan Terms Lease Type NNN First Loan Amount: $1,925,000 Roof & Structure Tenant Responsible Down Payment (30%) $825,000 Lease Term 5 Years Interest Rate: 5.00% Rent Commencement Close ofEscrow Amortization Schedule: 20 Years Lease Expiration Close of Escrow + 5 Years Term: 5 Years Term Remaining 5 Years Monthly Payment: $12,704 Increases 3% in EachOption Annual Payment: $152,450 Options 3, 5-Year Option to Terminate None Option to Purchase None Right of First Refusal None This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015 Marcus & Millichap ACT ID Z0260022 Rent Roll | 5 Net Lynx Sports Warehouse Tenant Information Lease Terms Rent Information Square Lease Monthly Annual Suite Tenant Footage % of Total Lease Start Expiration Rent Annual Rent PSF Lease Type Triple 1 Net Lynx 108,000 100.00% COE COE + 5 Years $18,906 $226,875 $2.10 Net Option I: $19,473 $233,681 Option II: $20,058 $240,691 Option III: $20,659 $247,912 Current Totals: 108,000 100% $18,906 $226,875 $2.10 Occupied 108,000 100% $18,906 $226,875 $2.10 Vacant This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015 Marcus & Millichap ACT ID Z0260022 Building Information | 5 Net Lynx Sports Warehouse Construction Type Steel Clear Height 23’ Power 3000 Amp: 480 Volt Parking 118 Spaces (47/1000sf) Sprinkler System Type Wet Drive-In Door 1 Roll Up (10’x16’) Roof & HVAC Roof (Nov 2017) Rooftop Units (Nov 2017) Air Handlers (Dec 2017) This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015 Marcus & Millichap ACT ID Z0260022 Investment Overview INVESTMENT OVERVIEW This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015 Marcus & Millichap ACT ID Z0260022 Investment Overview | 8 Net Lynx Sports Warehouse Marcus & Millichap is pleased to exclusively represent the dynamic Net Lynx Sports Investment Highlights Warehouse in Loves Park, Illinois. Premier Indoor Athletic Training Facility in Over the past twelve months the Net Lynx Sports house has strengthened its market Rockford Area position as a leading provider of sports training to individual and club athletes. The 108,000 square foot steel warehouse (Zoned I-1) was originally constructed in 1989 by Mix of Sports Related Tenants: Volleyball, Clinton Electronics. In 2017 the warehouse under went major renovation including a new Baseball, Soccer, Martial Arts, Oak Strength roof covering, new rooftop units, new air handlers, renovated locker rooms, new Personal Fitness parent/student lounge, new apparel store, refurbished concession area, refinished basketball courts, new volleyball flooring, upgraded electrical service and more. The 23’ Clear Height at Center | Fully Sprinklered facility boasts clear height of 23 feet and includes wet sprinklers, heavy power, and reinforced concrete floors. Major Capital Improvements Added by Owner 2017/2018 | $700,000 Investment The facility is to be master leased and personally guaranteed by Net Lynx, Inc. a tenant and current owner of the Sports Center. Net Lynx Sports; netlynxsports.com; provides a HVAC: Two Air Handlers Replaced 2017 | New variety of travel tournament management options including team registration, hotel Rooftop Units 2017 management, equipment services and more. Sub tenants in the Sports Warehouse include respected leading sports clubs including: VC United Volleyball, Oak Strength New Roof Covering 2017 with 15 year Fitness, Rockford Baseball Academy, Midwest Future Prospects Baseball and Core warranty Combat Fitness. The new five year NNN lease will commence at close of escrow. In addition, the lease includes three (5) year renewal option periods. Personal Guarantee by Owner of Net Lynx Sports. This offering provides an investor with a steady cash flow. The location allows for a potential exit strategy to convert the facility back to a manufacturing/distribution Conveniently Located within the High Traffic warehouse in the future. Neighboring properties include: Clinton Electronics Corporation, Logistics I-39 Corridor Rothenberger USA, Ameritech Illinois, Cimco Resources, GKN Aerospace, and the U.S. Postal Service. Rockford has a strong manufacturing economic base and boasts an area population of over 342,552 people. 2016 Rockford Area Population: 342,552 Loves Park is attracting new development including Mercyhealth Hospital and Trauma Center Riverside, Rock Valley Apartments, and other commercial development. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015 Marcus & Millichap ACT ID Z0260022 Tenant Overview | 9 Net Lynx Sports Warehouse
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