• Top Performing Food 4 Less ( Owned) Grocery Anchored; 8+ years of term • Full with I-94 (233,900 VPD) • Buyer has the opportunity to add approximately $486,000 of income by leasing the remaining vacancies • Dense in-fill urban neighborhood with $253,000 residents within 3-mile radius NORTHWEST CORNER 87TH STREET & DAN RYAN EXPRESSWAY (I-94) • Freestanding Starbucks , • Freestanding outlot leasing opportunity • Stable cash flow with historical occupancy of 98%+ INVESTMENT HIGHLIGHTS SUBJECT OFFERING

id-America Real Estate Corporation has been retained by the owner to Msell the 100% fee simple interest in Chatham Ridge. The shopping center caters to a dense, infill urban population in the Chatham neighborhood of the City of Chicago and provides a unique redevelopment opportunity for potential investors. Location: Northwest Corner of 87th Street & Dan Ryan Expressway () Chicago, Illinois

Subject GLA: 175,991 SF

Lot Size: 13.60 AC

Traffic Counts: Dan Ryan Expressway (Interstate 94) – 233,900 VPD 87th Street – 25,500 VPD

Anchors: Food 4 Less, , Dollar Tree

Occupancy: 95%

Year Built: 1989-1990

In-Place NOI: $3,291,063

Residual NOI: $4,572,473 KEY FEATURES

INFILL DEMOGRAPHIC PROFILE – The area surrounding Chatham Ridge features extremely dense residential DEMOGRAPHIC PROFILE WITHIN demographics. Within a three-mile radius of the center there are 253,000 residents with average household A 3-MILE RADIUS: incomes of $56,300. Additionally, the area boasts strong daytime demographics with 222,200 employees within the same three-mile radius.

SOLID GROCERY ANCHOR – Anchored by Food 4 Less, which provides significant daily drawing power to the property. Food 4 Less, a national grocery store chain owned by Kroger, with over 120 stores throughout the . According to Placer.ai, The Chatham Ridge location is ranked 1 out of 12 locations throughout Illinois. POPULATION AVERAGE HH INCOME COMPLEMENTARY TENANCY – Chatham Ridge is 95% leased to a dynamic tenant line-up including service, 253,775 $56,255 dining, and medical uses including Nashville Hot Chicken, Subway, 79th St BBQ, Firehouse Steak & Lemonade, Grand Chinese Kitchen, Wing Stop, Reggio’s Pizza, Dock’s, Verizon Wireless, Classic Nails, Marshalls, and US Renal Care. The in-place tenant mix provides a desirable co-tenancy for future retailers.

IRREPLACEABLE LOCATION – The subject offering is located less than 10 miles from downtown Chicago in the neighborhood of Chatham adjacent to the highly trafficked Dan Ryan Expressway (Interstate 94) which sees nearly 234,000 vehicles passing by the center daily and across the street from a busy CTA “L” station (1.1 million annual riders), providing the center outstanding access to both pedestrian and vehicular traffic.

RECENT LEASING VELOCITY – The center has experienced significant leasing velocity over the past year. 79th DAYTIME POPULATION MEDIAN AGE St BBQ recently signed at 10-year lease for 1,200 square feet, Verizon Wireless signed a 5-year lease for 1,200 222,265 39.8 square feet, and Nashville Hot Chicken & Seafood recently signed a 5-year lease for 1,740 square feet, as well as renewals with Classic Nails, Firehouse Steak & Lemonade, and Marshalls, Reggios Pizza all during COVID-19.

STRONG NODE – Chatham’s surrounding retail trade area features prominent retailers including Home Depot, , Lowe’s, Jewel-Osco, DTLR, dd’s DISCOUNTS, and . The trade area’s anchors and dominant category retailers provide a strong draw of customers from the surrounding communities.

$ LEVERAGED YIELDS – The property is being offered free and clear of any existing debt, allowing a Purchaser to procure an attractive market rate loan that should substantially enhance investment yields. HOUSING UNITS MEDIAN HOME VALUE 96,676 $163,478 LEASING PLAN

28 ACTION South Lafayette Avenue Dan Ryan xpressway (Interstate 94) 233,900 VPD

at FOOT 23 24 25 26 27 pylon 14 16 17 18 19 21

29

30

2 3 4 5 7 8 1 12 11 10 6 13 9 pylon

est 87th Street - 25,500 VPD

Tenant Unit Square Feet Tenant Unit Square Feet Tenant Unit Square Feet Vacant 1 2,605 Reggio's Pizza 11 1,740 Cosmo Beauty Supply 24 5,940 Grand Chinese Kitchen 2 1,200 H&R Block 12 1,800 City Sports 25 3,300 Subway 3 1,200 Starbucks 13 1,780 Vacant 26 3,300 Firehouse Steak & Lemonade 4 1,200 Dollar Tree 14 8,646 Vacant 27 3,344 Nashville Hot Chicken 5 1,740 Food 4 Less 16 63,743 US Renal Care 28 12,096 Insure One 6 900 Marshalls 17 25,857 O'Reilly Auto Parts 29 7,500 Dock's 7 848 Rainbow 18 6,640 Classic Nails 30 1,500 79th St BBQ 8 1,200 Footaction / Flight 23 19 7,267 GreenCity Project 500 0 Verizon Wireless 9 1,200 Villa Join the Movement 21 6,045 Total 175,991 Wing Stop (pending) 10 1,200 City Sports 23 2,200 ST19 LOCATION & MARKET ¦¨§90 ST43 • The subject offering is located within the Chatham neighborhood, one of Lincoln Park the 77 community areas of the City of Chicago. Chatham is a south side neighborhood that straddles the highly trafficked Dan Ryan Expressway. ST64 As Chicago, and in particular the south side, has evolved and changed ST50 throughout the past half century, Chatham has remained one of the safest Oak Park and most family-friendly neighborhoods in the area. CHICAGO ¦¨§290 • 87th Street Center is ideally positioned adjacent to the Dan Ryan Expressway Cicero Berwyn (Interstate 94) which provides significant visibility from 233,900 vehicles Lake Michigan passing by each day. The Dan Ryan travels north-south providing convenient ¤£41 access for commuters to the City of Chicago. The expressway continues north to downtown at which point it heads west to Madison, and ¤£34 south to Hammond, at which point it heads east to Detroit. ¦¨§55 ¦¨§90 • The subject offering also benefits from pedestrian traffic provided by the CTA “L” Red Line station at 87th Street, which reported more than 1.1 million annual riders. South Shore Burbank • Chatham’s surrounding retail trade area features prominent retailers including Home Depot, Walmart, Lowe’s, Jewel-Osco, DTLR, dd’s DISCOUNTS, and Evergreen Chatham ALDI. The trade area’s anchors and dominant category retailers provide a Oak Lawn Park Beverly ¤£12 strong draw of customers from the surrounding communities. Washington Heights

Morgan Park DEMOGRAPHIC PROFILE ¦¨§90 Alsip ¨§294 Distance from Subject: 1 mile 3 miles 5 miles ¦ ¦¨§94 Blue Island 2020 Population 22,241 253,775 647,907 ST43 2020 Households 8,769 96,676 239,193 Dolton East Chicago 2020 Median Home Value $171,190 $163,478 $170,451 ST50 2020 Daytime Demographics 19,754 222,265 583,505 Calumet City Oak Forest Harvey 2020 Average Household Income $62,828 $56,255 $61,126 Hammond Tinley Park South Holland 2020 Median Household Income $46,299 $37,855 $39,848 ST83 ST1 2020 Per Capita Income $24,733 $21,441 $22,647 £6 ¦¨§57 ¤ 2020 Median Age 43.0 39.8 36.8 ST394 ¦¨§80 PROPERTY DESCRIPTION

• Constructed in 1989-1990, Chatham Ridge features 175,991 square feet of retail space and is located on approximately 13.60 acres of land. The property features the inline shopping center currently anchored by Food 4 Less and Michaels, three multi-tenant outlot buildings, and two single-tenant outlots.

• The subject offering benefits from unparalleled vehicular traffic with combined traffic counts of nearly 260,000 VPD at the corner of the Dan Ryan Expressway (I-94) and 87th Street. The site provides four points of access: two along 87th Street and two along Lafayette Avenue ( to I-94).

• Chatham Ridge benefits from a parking ratio of 3.6 spaces per 1,000 SF of GLA. TENANCY

• Chatham Ridge is currently 95% occupied by an array of tenant including Food 4 Less, Marshalls, Rainbow, Dollar Tree, O’ Reilly Auto Parts and Starbucks. The shopping center is historically 98%+ leased.

• The center has experienced significant leasing velocity over the past year. 79th St BBQ recently signed at 10-year lease for 1,200 square feet, Verizon Wireless signed a 5-year lease for 1,200 square feet, and Nashville Hot Chicken & Seafood recently signed a 5-year lease for 1,740 square feet, as well as renewals with Classic Nails, Firehouse Steak & Lemonade, and Marshalls, all during the COVID-19 crisis. Ownership is currently negotiating a 5-year lease with Wingstop.

• Food 4 Less, a national grocery store chain owned by Kroger, with over 120 stores throughout the United States. According to Placer.ai, the Chatham Ridge location is ranked 1 out of 12 locations throughout Illinois and ranked 4 out of 124 locations nationally. Food 4 Less at Chatham Ridge has over 8 years of term.

• Marshalls is a chain of off-price department stores owned by TJX Companies, which has an A credit rating. There are over 1,000 Marshalls stores in 42 states as well as 61 stores in Canada. Marshalls is a publicly traded company (NYSE: TJX) with a market cap of $78.9 billion and an S&P credit rating of A. FINANCIAL

The property is being offered “free and clear” of any existing debt, allowing a purchaser to take advantage of the current debt financing climate.

In-Place Net Operating Income: $3,291,063

Residual Net Operating Income: $4,572,473 For more information, please contact: The Wrigley Building Rick Drogosz 410 North Michigan Avenue, Suite 1100 Principal Chicago, Illinois 60611 Direct: 630.954.7339 Direct: 630.954.7300 [email protected]

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.