WEST AURORA PLAZA Aurora, IL ACT ID Y0670545

Offering Memorandum

WESTWEST AURORAAURORA PLAZAPLAZA 2131 W Galena Blvd • Aurora, IL 60506 NON-ENDORSEMENT AND DISCLAIMER NOTICE

Confidentiality and Disclaimer The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure 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. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant's plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap 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. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. Â© 2017 Marcus & Millichap. All rights reserved.

Non-Endorsement Notice Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation's logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

WEST AURORA PLAZA Aurora, IL ACT ID Y0670545

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INVESTMENT OVERVIEW

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OFFERINGOFFERING SUMMARY SUMMARY EXECUTIVE SUMMARY

OFFERING SUMMARY Price $6,500,000 MAJOR EMPLOYERS Down Payment 100% / $6,500,000 Loan Amount $0 Loan Type All Cash EMPLOYER # OF EMPLOYEES * Lot Size (SF) 557,568 Caterpillar 4,287 Price/SF $11.66 Fitness Center 1,450 Lot Size (Acres) 12.8 Acre(s) Dryer Cancer Center 1,100 Price/Acre $507,813 Presence Mercy Medical Center 1,000 Price/Unit $0 Hollywood Casino - Aurora Inc 905 Number of Lots 0 Waubonsee Cmnty Cllege Fndtion 850 Type of Ownership Fee Simple Air Route Traffic Control Ctr 800

System Support Center 600

Togo Packing Co Inc 500

Workspace Lyon Products LLC 500

Farmers Insurance 456

ASSET PERFORMANCE DATA Vvf Illinois Services LLC 450 CURRENT CAP Rate 0.0% Net Operating Income $0 DEMOGRAPHICS Net Cash Flow 0.00% / $0

1-Miles 3-Miles 5-Miles 2016 Estimate Pop 13,014 66,293 198,013 2016 Census Pop 12,652 64,546 192,634 2016 Estimate HH 4,900 21,834 61,426 2016 Census HH 4,749 21,171 59,615 Median HH Income $66,249 $56,953 $61,182 Per Capita Income $31,881 $25,057 $24,764 Average HH Income $84,036 $74,735 $79,203

* # of Employees based on 5 mile radius

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OFFERING SUMMARY INVESTMENT OVERVIEW

Marcus & Millichap is pleased to present a prime redevelopment opportunity of a recently vacated 115,209-square foot Walmart building along with 12-plus acres of land fronting on Galena Boulevard in Aurora, Illinois. The offering represents an opportunity for a developer or user/buyer to re-purpose the vacant building and create additional value by re-platting and/or rezoning the property for additional outlots and retail buildings. The city of Aurora looks to be an active participant in assisting a prospective buyer with potential incentives available.

INVESTMENT HIGHLIGHTS

§ Redevelopment Opportunity of a Vacant 115,209-Square Foot Walmart § Additional Land/Parking Field Suitable for Additional Outlots and Retail § Possible City Financial Assistance § Strong Retail Location § 76,000 Residents Within Three Miles § Over $60,000 Average Household Incomes Within One, Three and Five-Mile Radius

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OFFERING SUMMARY PROPERTY SUMMARY

THE OFFERING Property West Aurora Plaza Price $6,500,000 Property Address 2131 W Galena Blvd, Aurora, IL Assessors Parcel Number 15-19-201-020 Zoning B-2 Ingress/Egress Signalized SITE DESCRIPTION Lot Size (SF) 557,568 Price/SF $11.66 Lot Size (Acres) 12.8000 Price/Acre $507,813 Type of Ownership Fee Simple

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PRICINGPRICING ANDANDLOCATIONLOCATION VALUATIONVALUATIONTENANT SUMMARYOVERVIEWOVERVIEW MATRIXMATRIX

2131 W Galena Blvd, Aurora, IL 60506

CLOSE PROXIMITY TO:

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REGIONAL MAP

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LOCAL MAP

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AERIAL PHOTO

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SURVEY MAP

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PLAN OVERLAY MAP

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ACQUISITION FINANCING

MARCUS & MILLICHAP CAPITAL WHY MMCC?

CORPORATION CAPABILITIES Optimum financing solutions MMCC—our fully integrated, dedicated financing arm—is committed to to enhance value providing superior capital market expertise, precisely managed execution, and unparalleled access to capital sources providing the most competitive rates and Our ability to enhance terms. buyer pool by expanding finance options We leverage our prominent capital market relationships with commercial banks, life insurance companies, CMBS, private and public debt/equity funds, Fannie Mae, Freddie Mac and HUD to provide our clients with the greatest range of Our ability to enhance financing options. seller control Our dedicated, knowledgeable experts understand the challenges of financing • Through buyer qualification support and work tirelessly to resolve all potential issues to the benefit of our clients. • Our ability to manage buyers finance expectations • Ability to monitor and manage buyer/lender progress, insuring timely, predictable closings • By relying on a world class Closed 1,651 National platform $5.1 billion Access to debt and equity operating total national more capital set of debt/equity sources financings within the firm’s volume in 2016 sources than and presenting a tightly in 2016 brokerage offices any other firm underwritten credit file in the industry

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MARKET OVERVIEW

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MARKET OVERVIEW CHICAGO OVERVIEW

Chicago-Naperville-Elgin is one of the largest metros in the nation. Also know as the greater Chicagoland area, it is bounded to the east by Lake Michigan, expands over a 5,000-square-mile region in northeastern Illinois and extends into Wisconsin and Indiana. The metro houses 9.6 million people and comprises 14 counties. The city of Chicago contains 2.7 million residents. The greatest growth during the past 20 years occurred in the western portion of the region. In recent years, however, businesses are relocating back into the city to attract young workers, supporting the development of high-rise residential towers in the downtown Chicago.

METRO HIGHLIGHTS

THIRD-LARGEST METROPOLITAN AREA The metro population trails only New York City and Los Angeles in size, expanding to nearly 10 million residents.

WEALTH OF INTELLECTUAL CAPITAL The number of corporate headquarters in Chicago is second only to New York City. There are 32 Fortune 500 companies based locally.

LARGE, DIVERSE EMPLOYMENT BASE The Chicago metro employs more than 4.6 million individuals in an array of industries, including a growing tech sector.

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MARKET OVERVIEW

TRANSPORTATION

§ The region’s transit network ranks among the largest and most efficient in the world. § The vast network of freeways, centralized location, the largest rail- truck intermodal facility in the U.S., as well as the Port of Chicago contribute to the metro’s position as a major distribution and logistics hub. § Chicago is the nation’s premier freight rail hub, with four carriers, BNSF, Union Pacific, CSX, Norfolk Southern, servicing the region. § Amtrak routes originate from Union Station, while the Metra commuter rail and the Chicago L provide passenger service throughout the metro area and beyond. § International airports include O’Hare, Midway and Gary/Chicago. Seven smaller airports also provide air service for the region.

Million TEU’s CHICAGO HAS RAIL LINES 17.2 3 7 MOVED THROUGH METRO INTERNATIONAL FOR FREIGHT, PASSENGER IN 2015 AIRPORTS AND COMMUTER

MORE THAN OF ILLINOIS RESIDENTS LIVE IN THE SUBURBS OF CHICAGO, MANY OF WHOM COMMUTE INTO 40% THE CITY FOR WORK

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MARKET OVERVIEW

ECONOMY MAJOR AREA EMPLOYERS

Abbott Labs § The metro has one of the biggest economies in the nation Advocate Healthcare and is buoyed by its distribution, finance, manufacturing operations and growing high-tech sectors. Wal-Mart § There are 32 Fortune 500 companies headquartered in the Motorola Solutions Inc. metro including Boeing, Walgreens and McDonald’s. United Continental Holdings Inc. § The area is a major global tourist and convention destination. Allstate Corp. Last year, a record 54.1 million people visited the metro Walgreens Co. spending $15 billion and supporting 145,000 jobs. Target Corp. § Large tech firms such as Amazon, Groupon and Google * Forecast attract startup companies. JPMorgan Chase § The workforce is considered one of the most diverse and well AT&T trained among major U.S. metros.

SHARE OF 2016 TOTAL EMPLOYMENT

9% 18% 12% 10% 6% MANUFACTURING PROFESSIONAL AND GOVERNMENT LEISURE AND HOSPITALITY FINANCIAL ACTIVITIES BUSINESS SERVICES

20% 4% + 15% 2% 4% TRADE, TRANSPORTATION CONSTRUCTION EDUCATION AND INFORMATION OTHER SERVICES AND UTILITIES HEALTH SERVICES

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MARKET OVERVIEW

DEMOGRAPHICS QUICK FACTS

§ Chicago is the third most populous metro in the U.S. and is

expected to grow by approximately 275,000 people during the next 2016 2016 2016 2016 MEDIAN POPULATION: HOUSEHOLDS: MEDIAN AGE: HOUSEHOLD INCOME: five years. 9.6M 3.5M 36.8 $62,100 Younger professionals moving to the area for employment provide a § Growth Growth skilled workforce and contribute to the median age of 36.8 years, 2016-2021*: 2016-2021*: U.S. Median: U.S. Median: 2.9% 3.5% 37.7 $54,500 below that of the nation. § World class education institutions including Northwestern University and the University of Chicago help provide a skilled labor pool. Nearly 35 percent of residents age 25 and older hold a bachelor’s degree and of these, 13 percent have also earned a graduate or professional degree. § Local homeownership of 65 percent is slightly above the national rate of 64 percent.

* Forecast

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MARKET OVERVIEW

QUALITY OF LIFE

The Chicago metro has something to offer every one of its residents and visitors, whether it is legendary blues and jazz music, cultural and educational venues, professional sports, dining, entertainment, shopping or recreational amenities.

The Chicago area’s relative affordability is largely due to its lower housing costs. The median home price is significantly less than in other cities of its size and is below that of many smaller cities, including Seattle and Denver.

Cultural activities and venues underpin the metro’s cosmopolitan lifestyle. The region is home to various well-known museums, including the world-class Field Museum, Shedd Aquarium, Art Institute of Chicago and Adler Planetarium. The theatre scene rivals the world’s best, and troupes, dance companies, symphony orchestras and music venues abound.

$237,400 70 29 MILES MEDIAN HOME PRICE VARIOUS MUSUEMS OF SHORELINE ARTS & ENTERTAINMENT

Sources: Marcus & Millichap Research Services; BLS; Bureau of Economic Analysis; Experian; Fortune; Moody’s Analytics; U.S. Census Bureau

PROPERTYWEST AURORA NAME PLAZA

MARKETINGDEMOGRAPHICS TEAM Created on October 2017

POPULATION 1 Miles 3 Miles 5 Miles HOUSEHOLDS BY INCOME 1 Miles 3 Miles 5 Miles § 2021 Projection § 2016 Estimate Total Population 13,273 68,479 216,664 $250,000 or More 2.27% 1.76% 2.17% § 2016 Estimate $200,000 - $249,999 2.14% 1.46% 1.63% Total Population 13,014 66,293 198,013 $150,000 - $199,999 6.73% 4.69% 5.01% § 2010 Census $125,000 - $149,999 6.71% 5.21% 5.65% Total Population 12,652 64,546 192,634 $100,000 - $124,999 10.46% 9.24% 10.01% § 2000 Census $75,000 - $99,999 16.39% 14.74% 15.55% Total Population 11,217 57,330 143,644 $50,000 - $74,999 15.18% 18.27% 18.71% § Daytime Population $35,000 - $49,999 12.79% 15.10% 14.11% 2016 Estimate 12,508 76,420 171,106 $25,000 - $34,999 8.14% 10.02% 9.42% HOUSEHOLDS 1 Miles 3 Miles 5 Miles $15,000 - $24,999 9.14% 10.32% 9.22% § 2021 Projection Under $15,000 10.03% 9.20% 8.52% Total Households 5,022 22,644 67,216 Average Household Income $84,036 $74,735 $79,203 § 2016 Estimate Median Household Income $66,249 $56,953 $61,182 Total Households 4,900 21,834 61,426 Per Capita Income $31,881 $25,057 $24,764 Average (Mean) Household Size 2.64 2.95 3.16 § 2010 Census Total Households 4,749 21,171 59,615 § 2000 Census Total Households 4,335 19,676 46,531

PROPERTYWEST AURORA NAME PLAZA

MARKETINGDEMOGRAPHICS TEAM Created on October 2017

POPULATION PROFILE 1 Miles 3 Miles 5 Miles POPULATION PROFILE 1 Miles 3 Miles 5 Miles § Population by Age § Population 25+ by Education Level 0 to 4 Years 5.68% 7.03% 7.66% 2016 Estimate Population Age 25+ 8,951 41,376 121,003 5 to 14 Years 13.01% 15.38% 16.79% Elementary (0-8) 3.77% 8.29% 11.32% 15 to 17 Years 4.23% 5.09% 4.95% Some High School (9-11) 7.49% 12.74% 13.36% 18 to 19 Years 2.32% 2.89% 2.63% High School Graduate (12) 26.01% 26.68% 25.70% 20 to 24 Years 5.97% 7.20% 6.87% Some College (13-15) 24.89% 21.61% 19.90% 25 to 29 Years 5.29% 6.49% 6.49% Associate Degree Only 6.97% 6.60% 6.17% 30 to 34 Years 5.78% 7.26% 7.66% Bachelors Degree Only 19.53% 15.11% 14.78% 35 to 39 Years 6.12% 7.00% 7.54% Graduate Degree 10.77% 7.99% 7.33% 40 to 49 Years 12.84% 13.09% 13.50% 50 to 59 Years 14.52% 12.15% 11.48% 60 to 64 Years 6.53% 5.00% 4.50% 65 to 69 Years 5.35% 3.57% 3.41% 70 to 74 Years 4.09% 2.71% 2.46% 75 to 79 Years 2.97% 1.94% 1.67% 80 to 84 Years 2.19% 1.35% 1.14% Age 85+ 3.09% 1.86% 1.27% Median Age 41.35 34.08 33.05

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MARKETINGDEMOGRAPHICS TEAM

Population Race and Ethnicity In 2016, the population in your selected geography is 13,014. The The current year racial makeup of your selected area is as follows: population has changed by 16.02% since 2000. It is estimated that 70.92% White, 11.41% Black, 0.11% Native American and 2.11% the population in your area will be 13,273.00 five years from now, Asian/Pacific Islander. Compare these to US averages which are: which represents a change of 1.99% from the current year. The 70.77% White, 12.80% Black, 0.19% Native American and 5.36% current population is 47.87% male and 52.13% female. The median Asian/Pacific Islander. People of Hispanic origin are counted age of the population in your area is 41.35, compare this to the US independently of race. average which is 37.68. The population density in your area is 4,134.79 people per square mile. People of Hispanic origin make up 26.39% of the current year population in your selected area. Compare this to the US average of 17.65%.

Households Housing There are currently 4,900 households in your selected geography. The median housing value in your area was $210,519 in 2016, The number of households has changed by 13.03% since 2000. It is compare this to the US average of $187,181. In 2000, there were estimated that the number of households in your area will be 5,022 2,992 owner occupied housing units in your area and there were five years from now, which represents a change of 2.49% from the 1,342 renter occupied housing units in your area. The median rent at current year. The average household size in your area is 2.64 persons. the time was $577.

Income Employment In 2016, the median household income for your selected geography is In 2016, there are 2,446 employees in your selected area, this is also $66,249, compare this to the US average which is currently $54,505. known as the daytime population. The 2000 Census revealed that The median household income for your area has changed by 23.36% 65.95% of employees are employed in white-collar occupations in since 2000. It is estimated that the median household income in your this geography, and 34.27% are employed in blue-collar occupations. area will be $80,570 five years from now, which represents a change In 2016, unemployment in this area is 6.29%. In 2000, the average of 21.62% from the current year. time traveled to work was 28.00 minutes.

The current year per capita income in your area is $31,881, compare this to the US average, which is $29,962. The current year average household income in your area is $84,036, compare this to the US average which is $78,425.

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8 DEMOGRAPHICS

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PRICINGPRICING ANDANDLOCATION VALUATIONVALUATIONMARKETTENANTMARKETING OVERVIEWSUMMARY MATRIXMATRIX PLAN TRAFFIC COUNT

YEAR COUNT

2014 31,100

2014 30,300

2014 2,950

2424# PRESENTED BY

Richard Kozarits Senior Associate Director, National Land Group Chicago Oak Brook Office Tel: (630) 570-2221 Fax: (630) 570-2210 [email protected] License: IL 471.013640