Net Lease Home Depot For Sale by NetLease


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									                 NET LEASED INVESTMENT OFFERING

          Home Depot
    2951 Kinwest Parkway
Irving, TX 75063 (Dallas MSA)

                                       TABLE OF CONTENTS


1)    Confidentiality & Disclaimer
2)    Executive Summary
3)    Property Overview
4)    Aerial
5)    Site Plan
6)    Maps
7)    Demographic Comparison Report
8)    Tenant Profile
9)    Location Overview
10)   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 offer for sale a single tenant office building fully leased to Home Depot
located within the Dallas MSA. The property is located within the master planned development known as Las Colinas.
Home Depot is an investment grade rated company with a $97 billion market cap. The lease features three 10% rental
escalations in the primary term of the lease.

The property is located within the Dallas MSA in the upscale development, Las Colinas. Las Colinas contains 23 million
square feet of office space, as well as 1.3 million square feet of retail, 8.9 million square feet of light industrial, 4,220
hotel rooms, 4,630 single family homes and 13,900 multifamily homes. The development is served by the Las Colinas
personal transit systems, which links the businesses and entertainment areas together. Additionally, there is a Dallas
Area Rapid Transit (DART) stop within one-quarter mile of the property.

Las Colinas is home to five Fortune 500 companies’ global headquarters and more than 45 Fortune 500 companies have
a presence in Las Colinas. The area is home to more than 2,000 companies including the global headquarters for
Commercial Metals, ExxonMobil, Fluor and Kimberly-Clark. Other companies with a presence in the Las Colinas area
include Abbott Laboratories, AT&T, Citigroup, General Motors, Microsoft, NEC America, Nokia, Siemens, Oracle and

The property consists of an 18,583 square foot single story office building and is leased to Home Depot until September
30, 2019. The building features wood trimmed accents, modular walls and Class A interior finishes. The property’s Data
Room features its own dedicated HVAC Unit as well as a Dry Chemical Suppression System.

The tenant signed an eight year lease in October 2011 and the lease expires in September 2019. The net operating
income increases by 10% three times during the primary term of the lease. Home Depot is a publicly traded company on
the New York Stock Exchange (HD), with a market capitalization of $97 billion.


•   Property is located within a dense area of the Dallas MSA
•   Investment grade rated company (S&P: A-)
•   Three 10% rental escalations in the primary term of the lease
•   Less than ¼ mile from a Dallas Area Rapid Transit (DART)
•   Well above average parking ratio (7.55 per 1,000 SF)
•   Easy access to Interstate 635 and Highways 114 and 161
•   Over $300,000 worth of improvements put into the building
    in 2012
•   Close proximity to the Dallas/Fort-Worth International Airport
•   Located in Las Colinas, an upscale planned development in
    the Dallas MSA

                                                                       PROPERTY OVERVIEW
                            NET LEASED INVESTMENT OFFERING

                           PROPERTY OVERVIEW

Price:                           $2,229,960

Cap Rate:                        7.50%

Net Operating Income:            NOI               Escalation Date
                                 $185,830          4/1/2014
                                 $204,413          4/1/2016
                                 $222,996          4/1/2018

Renewal Options:                 Two 3-Year

Renewal Rent:                    Greater of current rent or market rent

Lease Commencement Date:         October 1, 2011

Lease Expiration Date:           September 30, 2019

Guarantor:                       Home Depot

Year Built:                      1985

Year Renovated:                  2006 & 2012

Lease Type:                      NN*

Building Square Footage:         18,583

Land Size:                       2.46 acres

* Landlord is responsible for structure only. However, for all capital improvements to the
roof and parking lot the tenant is responsible for paying its prorata share of the costs
based upon the remaining lease term divided by the useful life of the capital repair.


                                 SITE PLAN


                                           DEMOGRAPHIC COMPARISON REPORT
                           NET LEASED INVESTMENT OFFERING


Population                   3-mi.                5-mi.      7-mi

Total Population            40,848             136,791      355,088
Total Households            20,608              58,832      138,162


Median Household Income     $75,975            $71,679      $64,891
Average Household Income    $97,445            $96,140      $82,828

                                                                                              TENANT PROFILE
                                             NET LEASED INVESTMENT OFFERING

                                               TENANT PROFILE
The Home Depot is the world's largest home improvement specialty retailer, with 2,250 retail stores in all 50 states,
the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. In fiscal 2011,
The Home Depot had sales of $70.4 billion and earnings of $3.9 billion. The company employs more than 300,000
associates. The Home Depot's stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow
Jones industrial average and Standard & Poor's 500 index. Home Depot is currently ranked #35 of the Fortune 500,
an annual ranking of America’s largest corporations.

Home Depot Interiors (Formerly U.S. Home Systems, Inc.) is engaged in the specialty product home improvement
business. In its home improvement business, Home Depot Interiors manufactures or procures designs, sells and
installs custom kitchen and bathroom cabinet re-facing products and organizational storage systems for closets and
garages. The home improvement products are marketed through a variety of sources, including direct mail, marriage
mail, magazines, newspaper inserts and in-store displays. Its kitchen products are available in all 42 markets
encompassing approximately 1,974 The Home Depot stores. U.S. Home Systems, Inc.’s bath products are offered in
16 markets, which include approximately 676 stores.

Stock Symbol:                  HD (NYSE)
Market Capitalization:         $97 billion
S & P Rating:                  A-

                                                                 LOCATION OVERVIEW

                 LOCATION OVERVIEW

Las Colinas is an upscale, planned development in the city of Irving. Las Colinas is one of
the first master-planned developments in the country and the 12,000 acre community is
known worldwide its quality as a major business center. Its central location between Dallas
and Fort Worth makes Las Colinas an attractive location for business and commerce, as
evidenced by the corporate presence. Las Colinas is home to five Fortune 500 companies’
global headquarters and more than 45 Fortune 500 companies have a presence in Las
Colinas. In addition to business, the Las Colinas development incorporates luxury hotels,
townhomes, single family homes and private country clubs. Las Colinas features four
championship golf courses and the only AAA Five-Diamond resort in Texas.

Irving is located within Dallas County, Texas and at the time of the 2010 US Census had a
population of 216,290. Irving is home to Las Colinas, one of the first master-planned
developments in the country. In January 2011 the Irving Convention center, a 275,000
square foot facility on 40 acres was developed in the Las Colinas area. The facility is
designed to serve exhibition, conventions, meetings and other events for groups up to
4,000 people. Corporations with headquarters in the Irving area include Archon Group,
ExxonMobil, Omni Hotels Nokia America, NEC Corporation of America and RIM America.

The Dallas MSA is largest metropolitan area in the South and the fourth most populated
metropolitan area in the United States. According to the 2010 US, The Dallas MSA had a
population of 6,371,773. Dallas and its suburbs have one of the highest concentrations of
corporate headquarters in the United States. The MSA contains the largest information
technology industry base in the state and is home to firms such as Texas Instruments, HP
Enterprise Services, Dell Services, AT&T, Ericsson and Verizon. The area is also home to
major defense manufacturers including Lockheed Martin, Bell Helicopter Textron and

Dallas is home to the Dallas-Fort Worth International Airport, the third busiest airport in the
world in terms of aircraft movements and the seventh largest in terms of passenger traffic.

                                              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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