NET LEASE INVESTMENT OFFERING Bank of America (Ground Lease | Chicago MSA) 802 Commons Drive Geneva, Illinois 60134 TABLE OF CONTENTS I. Executive Summary II. Location Overview III. Market & Tenant Overview Executive Summary Site Plan Tenant Profile Investment Highlights Aerial Location Overview Property Overview Map Demographics Photos NET LEASE INVESTMENT OFFERING DISCLAIMER STATEMENT DISCLAIMER The information contained in the following Offering Memorandum is proprietary and strictly confidential. It STATEMENT: 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 Bank of America ground lease located SUMMARY: within the Chicago MSA, in Geneva, Illinois. The property is strategically located at a signalized intersection in an affluent area. The property is an outparcel to Geneva Commons, a 418,000 square foot open-air shopping center with over 80 stores. The Bank of America ground lease has over 5 years remaining in the primary term and features a 10% rental escalation in each of the 5-year renewal option periods. Bank of America is a multinational banking and financial services corporation headquartered in Charlotte, North Carolina. It is the second largest bank holding company in the U.S. by assets. The Bank of America property is strategically positioned at the signalized intersection of Randall Road and Bricher Road which experiences a combined traffic count of 39,470 vehicles per day. Randall Road is the key major four-lane divided commercial arterial connecting the western suburban communities of Geneva, St. Charles, Batavia, and Elgin. The property is an outparcel to Geneva Commons, a unique collection of stores, restaurants, cafes and services in an inviting open-air setting. The center is home to The Fresh Market, HomeGoods, Crate & Barrel, Dick’s Sporting Goods, Williams-Sonoma, Coach, H&M, Banana Republic, Pottery Barn and California Pizza Kitchen among others. Additional retailers located in the immediate area include Costco, Lowe’s Home Improvement, Meijer, Jewel-Osco (Albertsons), Harley-Davidson and a number of quick service restaurants. There is approximately 2-million square feet of retail space within one and one- half miles of the location. Less than one-mile from the property is Northwestern Medicine Delnor Hospital, a care facility with a known state-of-the-art cancer center and breast health center. Also on the hospital campus is the Northwestern Medicine Delnor Health and Fitness Center, which provides the community with a state- of-the-art medically integrated fitness center and the only certified Medical Fitness Association facility in the area. The Bank of America property is located in an affluent community with over 55,425 people living within a three mile radius earning an average annual household income of roughly $125,000 per year. Bank of America has been at this location since 2003 and has five years remaining in the primary term with two 5-year renewal option periods. The bank deposits at this location exceed $80,500,000 and have grown by more than 100% over the past three years. As measured by total deposits, the Geneva branch location Ranks #1 out of seven Bank of America branch facilities that service Kane County. Bank of America is publicly traded on the New York Stock Exchange using the symbol “BAC”. In addition, it is an investment grade rated tenant with a Standard & Poor’s rating of “A-”. NET LEASE INVESTMENT OFFERING INVESTMENT HIGHLIGHTS INVESTMENT • Located in the Chicago MSA HIGHLIGHTS: • Investment grade rated tenant (S&P: A-) • 10% rental escalations in renewal option periods • No landlord responsibilities • Deposits exceed $80,500,000 (up more than 100% in past three years) • #1 in total deposits, by a wide margin, out of seven Kane County Bank of America branch locations • On the hard corner of a key signalized intersection (39,470 VPD) of Randall Road and Bricher Road. Randall Road is a 4-lane divided major north-south commercial arterial connecting Geneva, St. Charles, Batavia, and Elgin • Excellent visibility and curb appeal • Outparcel to Geneva Commons, a unique collection of stores, restaurants, cafes and services in an open- air setting • Retailers in the area include Costco, Lowe’s Home Improvement, Meijer, Jewel-Osco (Albertsons), The Fresh Market, HomeGoods, Crate & Barrel, Dick’s Sporting Goods, Williams-Sonoma, Coach, H&M, and Banana Republic • Approximately 2 million square feet of high occupancy rate retail space within 1.5 miles of the location along the Randall Road corridor • Over 55,425 people living within a three mile radius of the property earning an average household income of roughly $125,000 per year NET LEASE INVESTMENT OFFERING PROPERTY OVERVIEW PROPERTY Price: $4,042,296 OVERVIEW: Cap Rate: 6.75% Net Operating Income: $272,855 $300,140 10/27/2023 (Option 1) $330,154 10/28/2027 (Option 2) Rental Escalations: 10% in Each Renewal Option Renewal Options: Two 5-Year Lease Commencement Date: October 27, 2003 Lease Expiration Date: October 26, 2023 Tenant: Bank of America, N.A. Credit Rating: A- (Standard & Poor’s) Year Built: 2003 Lease Type: Ground Lease – No Landlord Responsibility Rentable Square Feet 4,800 SF Lot Size: 1.028 Acres Property Address: 802 Commons Drive, Geneva, IL 60134 NET LEASE INVESTMENT OFFERING AERIAL (197,800 VPD) Broad Street (16,500 VPD) Randall Road (31,100 VPD) ) PD V 20 ,7 20 ( ay w h ig H ln co in L ad (8,370 VPD) Geneva Commons 418K Sq. Feet, 80 Retailers & Restaurants Bricher Ro N NE Killingsworth Street (10,936 VPD) NET LEASE INVESTMENT OFFERING N SITE PLAN RANDALL ROAD (31,100 VPD) BRICHER ROAD (8,370 VPD) BRICHER ROAD Elegant Nail Spa Nail Elegant DRIVE THRU NET LEASE INVESTMENT OFFERING MAP N NET LEASE INVESTMENT OFFERING EXTERIOR PHOTOS NET LEASE INVESTMENT OFFERING TENANT PROFILE TENANT Bank of America, through its subsidiaries, provides various banking and financial products and services PROFILE: for individual consumers, small and middle market businesses, institutional investors, corporations, and governments in the United States and internationally. The company’s Consumer & Business Banking segment offers traditional and money market savings accounts, CDs and IRAs, checking accounts, and investment accounts and products, as well as credit and debit cards; and lending related products and services, working capital management, and treasury solutions. This segment provides its products and services through operating 4,600 retail financial centers, 15,900 ATMs, call centers, and online and mobile banking platforms. The company was founded in 1874 and is based in Charlotte, North Carolina. It is ranked 2nd on the list of largest banks in the United States by assets. Bank of America is the 26th largest company in the United States by total revenue and was ranked #11 on the Forbes Magazine Global 2000 list of largest companies in the world. Bank of America is publicly traded on the New York Stock Exchange using the symbol “BAC”. It is an investment grade rated company with a Standard & Poor’s rating of “A-”. Website: www.bankofamerica.com Standard & Poor’s Rating: Investment Grade: A- Stock Symbol: BAC (NYSE) Number of Locations: 4,600+ Headquarters: Charlotte, North Carolina Market Capitalization: $335 billion NET LEASE INVESTMENT OFFERING LOCATION OVERVIEW LOCATION Geneva is a city in and the county seat of Kane County, Illinois. It is located on the western OVERVIEW: side of the Chicago suburbs. Geneva is part of a tri-city area, located between St. Charles and Batavia with a population of over 21,750 people. The area is currently experiencing a high level of population growth as Chicago’s urban sprawl spreads farther west. Geneva is a popular tourist destination with its scenic location along the Fox River and numerous shops and restaurants. There is an extensive bike trail system in Geneva including portions of the Fox River Trail and the Illinois Prairie Path. Geneva has an active historical society, the Geneva History Center, located in downtown Geneva as well as the Fabyan Windmill, an old Dutch windmill dating back to the 1850s. Geneva has been nominated by Bloomberg Business Week as the best place to raise a kid in Illinois. Geneva is served by Chicago Midway International Airport (MDW), Chicago O’Hare International Airport (ORD), and DuPage Airport (DPA). The city also benefits from highways running through the city, including State Routes 25, 31, 38 with easy access to Interstate 88. As a part of the Chicago metropolitan area, Geneva has a station on the Union Pacific/West line of the Metra commuter rail system; it provides frequent service to downtown Chicago, 36 away, and extends west to Elburn. www.geneva.il.us NET LEASE INVESTMENT OFFERING LOCATION OVERVIEW LOCATION Chicago is the most populous city in the Midwestern United States and the third most populous city in OVERVIEW: the United States with 2,700,000 residents.