NET LEASE INVESTMENT OFFERING

ALDI (Ground Lease) 5501 Harlem Ave , IL 60638 TABLE OF CONTENTS

TABLE OF CONTENTS

I. Executive Profile II. Location Overview III. Market & Tenant Overview Executive Summary Building Photographs Demographic Report Investment Highlights Drone Photographs Market Overview Property Overview Aerial Tenant Overview Site Plan 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 newly constructed single tenant Aldi ground lease SUMMARY: located in Chicago, . The property is strategically located at the corner of a signalized intersection with access to Interstate 55. The new construction Aldi property features a long-term 20 year lease and five 5-year renewal options. The lease is absolute triple net with zero landlord responsibilities.

The Aldi property is located at the hard corner of a heavily trafficked signalized intersection with excellent visibility and access to both Harlem and Archer Avenue. The combined traffic count at the intersection exceeds 75,000 vehicles per days. The property is also located with immediate access to Interstate 55 (144,400 VPD) and with close proximity to Chicago Midway International Airport. Retailers in the trade corridor include Walgreens, Portillo’s, McDonald’s, Bank of America and Jewel-Osco. The Aldi grocery store is also near John F. Kennedy High School (1,623 students) which drives regular traffic to the trade corridor. Additionally, the property is just north of Toyota Park which is home of the Chicago Fire (MLS), Chicago Red Stars (NWSL) and (LFL). The Aldi property is located in a dense infill location with high barriers to entry. The property required a multi-parcel assembly as part of the original development. There are 19,764 people living within one mile of the property and have an average household income of $84,740. Additionally, there are over 475,000 people living within five miles of the property.

Headquartered in Batavia, Illinois, ALDI US now has more than 1,600 stores across 35 states, employs over 25,000 people and has been steadily growing since opening its first U.S. store in Iowa in 1976. Over the past decade, Aldi has nearly doubled in size and by 2018, ALDI will bring its total number of US stores to nearly 2,000 and the company has announced plans to expand to 2,500 locations by the end of 2022, which would make it the third largest U.S. grocery chain by store count.

NET LEASE INVESTMENT OFFERING INVESTMENT HIGHLIGHTS

INVESTMENT • Located in the city of Chicago HIGHLIGHTS: • Brand new construction

• 20 year ground lease

• Absolute triple net with zero landlord responsibilities

• Strategically located at the hard corner of a signalized intersection with combined traffic counts of 75,000+ VPD

• Located just off Interstate 55 (144,400 VPD)

• Immediately west of Chicago Midway International Airport

• Retailers in the trade corridor include Walgreens, Portillo’s, McDonald’s, Bank of America and Jewel-Osco

• Just north of Toyota Park which is home of the Chicago Fire (MLS), Chicago Red Stars (NWSL) and Chicago Bliss (LFL)

• Dense infill location with high barriers to entry

• 19,764 people living within one mile of the property and have an average household income of $84,740

• Over 475,000 people living within five miles of the property

NET LEASE INVESTMENT OFFERING PROPERTY OVERVIEW

PROPERTY Price: $6,267,990 OVERVIEW: Cap Rate: 4.25% Net Operating Income: $266,390 Rental Escalations: $311,296 – First Option $311,296 – Second Option $326,860 – Third Option $343,203 – Fourth Option $360,363 – Fifth Option

Renewal Options: Five 5-Year Lease Expiration Date: June 30, 2037 Tenant: Aldi, Inc. Year Built: 2017 Lease Type: Ground Lease - No Landlord Responsibilities Building Size: 18,897 SF Land Size: 1.32 Acres

NET LEASE INVESTMENT OFFERING BUILDING PHOTOGRAPHS

NET LEASE INVESTMENT OFFERING DRONE PHOTOGRAPHS

NET LEASE INVESTMENT OFFERING AERIAL

NET LEASE INVESTMENT OFFERING SITE PLAN

NET LEASE INVESTMENT OFFERING MAP

NET LEASE INVESTMENT OFFERING MAP

Lake Michigan

NET LEASE INVESTMENT OFFERING DEMOGRAPHIC REPORT

DEMOGRAPHIC Population 1-Mile 3-Mile 5-Mile REPORT: Total Population 19,764 120,885 475,304 Total Households 6,686 42,752 152,515

Income 1-Mile 3-Mile 5-Mile

Average Household Income $84,740 $80,475 $78,876

NET LEASE INVESTMENT OFFERING MARKET OVERVIEW

MARKET Chicago, Illinois OVERVIEW: Chicago is the most populous city in the 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 their 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 Aldi OVERVIEW: Aldi is the common brand of two German discount supermarket chains with over 10,000 stores in 20 countries, and an estimated combined turnover of more than €50 billion. Based in Germany, the chain was founded by brothers Karl and Theo Albrecht in 1946 when they took over their mother’s store in Essen, which had been in operation since 1913. The business was split into two separate groups in 1960, that later became Aldi Nord, headquartered in Essen, and Aldi Süd, headquartered in Mülheim.

For nearly 40 years, ALDI US has stuck to the same guiding principle: Great quality shouldn’t come at a high price; rather, great quality should come with everyday low prices. Headquartered in Batavia, Illinois, ALDI now has more than 1,600 stores across 35 states, employs over 25,000 people and has been steadily growing since opening its first US store in Iowa in 1976. Over the past decade, Aldi has nearly doubled in size and by 2018, ALDI will bring its total number of US stores to nearly 2,000.

The no-frills grocery shopping experience focuses on customers first - delivering high quality food Aldi is proud to serve their family, responsive customer service, everyday low prices and a quick-and-easy shopping experience with only four to five aisles and all the essentials. Aldi carries the weekly must-haves and display them in their designed shipping boxes to help save time and resources to restock shelves. Shoppers will find more than 90 percent of the groceries offered are under the ALDI exclusive brands, hand-selected by ALDI to ensure that our products meet or exceed the national brands on taste, quality and, of course, price. That means you don’t have to worry about which ketchup brand or Greek yogurt brand is best, because we’ve specially curated the best products.

Website: www.aldi.com Type: Private Locations: 10,366 Year Founded: 1913 Headquarters: Germany

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