Net Leased Advance Auto For Sale by NetLease


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									                    NET LEASED INVESTMENT OFFERING

          Advance Auto Parts
        1535 West Lane Road
Machesney Park, IL 61115 (Rockford MSA)


                                      TABLE OF CONTENTS


1)    Confidentiality & Disclaimer

2)    Executive Summary

3)    Property Overview

4)    Aerials

5)    Maps

6)    Tenant Profile

7)    Demographic Comparison Report

8)    Location Overview

9)    Contact Information

                                                                               CONFIDENTIALITY & DISCLAIMER
                                           NET LEASED INVESTMENT OFFERING

                                      CONFIDENTIALITY & DISCLAIMER

The information contained in the following Offering Memorandum is proprietary and strictly confidential. 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, 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 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.

                                                                                                  EXECUTIVE SUMMARY
                                             NET LEASED INVESTMENT OFFERING

                                                EXECUTIVE SUMMARY

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Advance Auto Parts property located
in the Rockford MSA. Rockford is the third largest city in Illinois and the largest city outside of the Chicago MSA. The 6,124
square foot Advance Auto Parts was built in 2011 and is benefitted by its location in the primary retail trade area of the
Machesney Park Gateway District. The Gateway District is located at the crossing of Illinois State Highways 173 and 251 and
is the village’s primary shopping area with national big box stores, specialty retail outlets, and numerous national and local
restaurants. Machesney Park is located 80 miles from Chicago, 67 miles from Madison and 87 miles from Milwaukee.

Advance Auto Parts is located along West Lane Road, a major retail thoroughfare in the trade area. The recently
constructed property is located within the Willow Creek Retail Center which includes retailers Aldi, Buffalo Wild Wings,
FedEx Kinkos, Pizza Hut and Verizon. Adjacent to the Willow Creek Retail Center are two shopping centers; The Gateway of
Machesney Park and Machesney Crossings which are anchored by national retailers Target, The Home Depot, Lowe’s,
Menards, Kohl’s, Office Depot and PetSmart. There are two signalized access road that grants access from the Willow
Creek Retail Center to The Gateway of Machesney Park and Machesney Crossings.

Advance Auto Parts original lease term is for 15 years with three 5-year renewal options and the lease expires in August
2026. Advance Auto Parts is a publicly traded company on the New York Stock Exchange (AAP), with a market
capitalization of $4 Billion. Advance Auto Parts is an investment grade company with a Standard & Poor’s rating of BBB-.

• Standard & Poor’s investment grade rating of BBB-
• Rare 10% rental escalation in the primary term
• Newly constructed property 2011
• Long term lease of 15 years
• The Gateway District is the fastest growing corridor in
 the region
• Within 5 minutes of the I-90 & Route 173 Interchange
• Located within the newly constructed Willow Creek
 Retail Center
• Average household incomes in excess of $75,000 within
 5 miles of the property
• Trade area includes Target, The Home Depot, Lowe’s,
 Menards, Kohl’s, Office Depot and PetSmart

                                                           PROPERTY OVERVIEW

                   PROPERTY OVERVIEW

Price:                              $1,520,411

Cap Rate:                           7.25%

Net Operating Income:               $110,232
                                    $121,102 – 9/1/2021
                                    $128,539 – 9/1/2026 (Option 1)
                                    $138,179 – 9/1/2031 (Option 2)
                                    $148,543 – 9/1/2036 (Option 3)

Renewal Options:                    Three 5-year options

Lease Commencement Date:            August 8, 2011

Lease Expiration Date:              August 31, 2026

Tenant:                             Advance Auto Parts

Year Built                          2011

Lease Type:                         NN (Structure Only in Primary Term)
                                    NN (Roof & Structure in Option Periods)

Rentable Square Feet:               6,124 SF

Land Size:                          30,685 SF



     2 51
IL          IL 17


                                                               SITE PLAN


                                         IL 173
22,800 ADT
                      CONTINENTAL DR.

                                                  KIMBER DR.


                                                                                                    TENANT PROFILE
                                          NET LEASED INVESTMENT OFFERING

                                                 TENANT PROFILE
Advance Auto Parts (NYSE: AAP) is a leading automotive aftermarket retailer in the United States based off both sales and
store count. Advance Auto Parts sells automotive parts, accessories, batteries and other maintenance items. Currently,
Advance Auto Parts is a Fortune 500 Company and is ranked #387. Advance Auto Parts is headquartered in Roanoke,
Virginia and operates more than 3,500 stores across 39 states, Puerto Rico and the Virgin Islands. Advance As of July
2011, Auto Parts occupies over 26 million square feet of space on a retail basis.

Advance Auto Part's Autopart International unit operates more than 190 locations and primarily serves commercial
customers, including garages, service stations, and auto dealers. Commercial customers account for about 30% of AAP's
revenues while do-it-yourselfers generate the balance.

Number of Locations:             3,540
Stock Symbol:                    AAP : NYSE
Standard & Poor’s Rating:        BBB-
Market Capitalization:           $4 Billion
Employees:                       51,000
2010 Net Income:                 $346 Million

                                                  DEMOGRAPHIC COMPARISON REPORT
                           NET LEASED INVESTMENT OFFERING


Population                                   1-mile           3-mile   10-mile

Total Population                            37,987           87,589    297,378

Total Households                            14,394           33,259    113,358

Income                                       1-mile           3-mile   10-mile

Median Household Income                    $65,236          $65,257    $56,338

Average Household Income                   $70,596          $75,919    $66,671

                                                                        LOCATION OVERVIEW

                 LOCATION OVERVIEW

Machesney Park is located in Winnebago County in the state of Illinois. The population at
the 2010 census was 23,499. Machesney Park is located directly north of Rockford, Illinois.
With the addition of The Gateway, Machesney Park is becoming a major retail area for the
surrounding trade area. Machesney Park is within an hour’s drive of Chicago, Madison and
Milwaukee and at the crossroads of Interstates 90 & 39, Illinois State Highway 173 and US
Highway 20.

Rockford is the third largest city in Illinois and is the primary city in the Rockford MSA. At the
time of the 2010 census Rockford had a population of 152,871 and the metropolitan area had
a population of 339,178. The largest employers in the MSA include the Rockford Public School
District, Rockford Health System, Swedish American Hospital, Wal-Mart Stores, OSF Saint
Anthony Medical Center, Hamilton Sundstrand and Chrysler.

                                                    CONTACT INFORMATION


              666 Dundee Road | Suite 1801
                  Northbrook, IL 60062

Randy Blankstein                 Jimmy Goodman
President                        Partner
847.562.0003                     847.562.8500


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