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ULTIMO PRECIO (Chicago MSA) 3100 Grand Avenue Waukegan, IL 60085 TABLE of CONTENTS

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ULTIMO PRECIO (Chicago MSA) 3100 Grand Avenue Waukegan, IL 60085 TABLE of CONTENTS NET LEASE INVESTMENT OFFERING ULTIMO PRECIO (Chicago MSA) 3100 Grand Avenue Waukegan, IL 60085 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 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 single tenant net leased Ultimo Precio Auto Dealership SUMMARY: located in Waukegan, Illinois in the Chicago MSA. The property is strategically located along the primary east-west thoroughfare in a densely populated area. Ultimo Precio recently extended their lease seven years showing their commitment to the location. The triple net lease features 2% annual rental escalations in the primary term and in the renewal option periods. Ultimo Precio, part of the Car Outlet Auto Group, is a subsidiary of Marubeni Corporation, a Fortune Global 500 company, providing reliable and affordable transportation through consumer auto financing and sales. There are two buildings encompassing 56,000 square feet on 6 acres of land. The property is located along Grand Avenue, immediately off of Green Bay Road, in a densely populated residential area and retail corridor. Grand Avenue is a primary east-west thoroughfare in the area with traffic counts of 20,600 vehicles per day. Green Bay Road is a primary north-south thoroughfare with traffic counts of 34,600 vehicles per day. Retailers in the immediate area include Walgreens, Jewel-Osco, DaVita, Sherwin-Williams, NAPA Auto Parts, Advance Auto Parts and a number of national banks and quick service restaurants. There are over 108,925 people living within a three mile radius of the property earning an average household income in excess of $60,800 per year. Ultimo Precio recently extended their lease seven years showing their commitment to the location. The lease expires June 30, 2024 and features 2% annual rental escalations in the primary term and in the two 5-year renewal option periods. Ultimo Precio is as part of the Car Outlet Auto Group providing reliable and affordable transportation through consumer auto financing and sales. NET LEASE INVESTMENT OFFERING INVESTMENT HIGHLIGHTS INVESTMENT • Located within the Chicago MSA HIGHLIGHTS: • Over 108,900 people living within a three mile radius of the property • Tenant recently extended lease for seven years showing commitment to the location • 2% annual rental escalations in primary term and renewal option periods • Retailers in the immediate area include Walgreens, Jewel-Osco, DaVita, Sherwin-Williams, NAPA Auto Parts, Advance Auto Parts and a number of national banks and quick service restaurants • Located off of heavily trafficked intersection (55,200 VPD) • Large land parcel of 6 acres • Ability to generate additional income from 4,000 square foot building on property • Tenant is a subsidiary of Marubeni Corporation, a Fortune Global 500 company NET LEASE INVESTMENT OFFERING PROPERTY OVERVIEW PROPERTY Price: $3,121,303 OVERVIEW: Cap Rate: 8.50% Net Operating Income: $265,311 Rental Escalations 2% Annually Renewal Options: Two 5-Year with 2% Annual Escalations Lease Expiration Date: June 30, 2024 Tenant: Ultimo Precio Year Built: 1977 1 Lease Type: NNN 2 Building Size: 56,000 SF (2 Buildings) Land Size: 6 Acres 1) Tenant shall reimburse Landlord, as additional rent in monthly installments, replacement costs of the roof, foundation and structural components of building. All costs incurred shall be amortized on a straight line basis. 2) Ability for Landlord to generate additional income from 4,000 square foot building “Annex” that is not included in current NOI. Annex is leased to Grand Auto Exchange for $36,000 a year. Lease expires April 30, 2018. Grand Auto Exchange has two 5-year renewal options with $24,000 increases in each. Grand Auto Exchange is responsible for Taxes, Insurance and CAM for their portion of the premises. NET LEASE INVESTMENT OFFERING PHOTOGRAPHS NET LEASE INVESTMENT OFFERING PHOTOGRAPHS NET LEASE INVESTMENT OFFERING AERIAL NET LEASE INVESTMENT OFFERING AERIAL NET LEASE INVESTMENT OFFERING SITE PLAN NET LEASE INVESTMENT OFFERING MAP NET LEASE INVESTMENT OFFERING DEMOGRAPHIC REPORT DEMOGRAPHIC Population 1-Mile 3-Mile 5-Mile REPORT: Total Population 14,673 109,845 173,471 Total Households 5,023 35,257 54,134 Income 1-Mile 3-Mile 5-Mile Median Household Income $48,540 $46,325 $53,358 Average Household Income $61,205 $60,844 $73,751 NET LEASE INVESTMENT OFFERING MARKET OVERVIEW MARKET Waukegan, Illinois OVERVIEW: Waukegan is a city and the county seat of Lake County, Illinois. It is part of the Chicago Metropolitan Area. The city had a population of more than 89,000 people. It is the ninth-largest city in Illinois by population. It is the fifth-largest city on the western shore of Lake Michigan, after Chicago, Milwaukee, Green Bay, and Kenosha. Waukegan, first visited by Pere Marquette in 1673, is one of the oldest communities in Illinois. The city started as a French trading post and as the Potawatomie Indian settlement known as “Little Fort”. Records dating back to 1829 tell of a treaty signed by the Potawatomie Indians in which they ceded all of their land in this area to the federal government. Little Fort became the county seat of government in 1841 by virtue of its population. In 1859 when the town was incorporated, the population had risen to 2,500. Proud of the growth of their community and no longer wanting to be characterized as “little”, on March 31, 1849, the residents of Little Fort changed the name of their town to Waukegan, the Potawatomie word for “fort” or “trading post”. Early settlers were initially attracted to Waukegan as a port city and shipped produce and grain from Lake County and McHenry County farms to Chicago. The creation of the Illinois Parallel Railroad (now the Chicago and North Western Railway) in 1855 stimulated interest in Waukegan as a manufacturing center. The town continued to grow and diversify, and Waukegan was incorporated as a city on February 23, 1859. Waukegan has a port district which operates the city harbor and regional airport. Waukegan National Airport is an FAA certified airport for general aviation traffic and has a U.S. Customs facility, allowing for direct international flights. The closest airport with international service is O’Hare International Airport (30 Miles). Metra provides service between Waukegan and downtown Chicago via the Union Pacific/North Line. Pace provides public bus service throughout Waukegan and surrounding areas. www.townofhudson.org MARKET OVERVIEW MARKET Chicago, Illinois OVERVIEW: Chicago is the most populous city in the Midwestern United States 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 there 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.
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