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					                   NET LEASED INVESTMENT OFFERING




          David’s Bridal
     5020 West 95TH Street
Oak Lawn, IL 60453 (Chicago MSA)



         www.bouldergroup.com
                                       TABLE OF CONTENTS
      NET LEASED INVESTMENT OFFERING




      TABLE OF CONTENTS




1)    Confidentiality & Disclaimer
2)    Executive Summary
3)    Property Overview
4)    Aerial
5)    Site Plan
6)    Map
7)    Tenant Profile
8)    Demographic Comparison Report
9)    Location Overview
10)   Contact Information




      www.bouldergroup.com
                                                                       CONFIDENTIALITY & DISCLAIMER
                                            NET LEASED INVESTMENT OFFERING




                                   CONFIDENTIALITY
                                   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. 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.




                                            www.bouldergroup.com
                                                                                             EXECUTIVE SUMMARY
                                                 NET LEASED INVESTMENT OFFERING




                                              EXECUTIVE SUMMARY
The Boulder Group is pleased to exclusively market for sale a single tenant net leased David’s Bridal property located in
the Chicago MSA. The property benefits from its location in a dense infill area of the Chicago MSA and an above average
parking ratio for retail buildings in Oak Lawn. The lease is corporately guaranteed by David’s Bridal, the largest bridal store
chain in the United States. David’s Bridal is a privately owned and operated clothing store specializing in wedding dresses,
prom gowns and other formal wear with over 300 locations in 45 states. The 10,000 square foot property was built in
2007 and has four years of lease term remaining. The lease features a 15% rental escalation in each renewal option.

The property is located along 95th Street, a primary thoroughfare in Oak Lawn, which experiences traffic volumes in excess
of 39,000 vehicles per day. The property also benefits from its position across the street from the Oak Lawn Metra Station.
The property is located two miles east from the Chicago Ridge regional mall, which is anchored by Sear’s, Kohl’s, Michaels,
Bed Bath & Beyond and AMC Theaters. Additionally, the property is located in close proximity to a Home Depot, Target,
Kmart and a Jewel-Osco grocery store. There are approximately 486,000 people living within five miles of the property.
Overall retail vacancy in Oak Lawn is 6%, which is low compared to the entire Chicago MSA (8.7%). David’s Bridal is located
in close proximity to the Advocate Christ Medical Center, Oak Lawn’s largest employer, which employs over 5,800 people.

David’s Bridal original lease term was for ten years with three 5-year renewal options and the lease expires in June 2017.
The net operating income increases by 15% in each renewal option. David’s Bridal is a privately clothing store specializing
in wedding dresses, prom gowns and other formal wear with over 300 locations in 45 states.


INVESTMENT HIGHLIGHTS
 •   Located within the Chicago MSA
 •   15% rental escalation in each renewal option period
 •   Corporately guaranteed lease
 •   Dense area of the Chicago MSA with over 485,000 people
     living within five miles
 •   95th Avenue has traffic volumes in excess of 39,000 vehicles
     per day
 •   Above average parking ratio for a retail building in Oak Lawn
     (6.2/1,000 SF)
 •   Other nearby retailers include Home Depot, Target, Kmart
     and Jewel-Osco
 •   David’s Bridal is the largest bridal store chain in the country
 •   Across the street from the Oak Lawn Metra Station
 •   Below average retail vacancy rate of 6.2% in Oak Lawn




                                                  www.bouldergroup.com
                                                                 PROPERTY OVERVIEW
                         NET LEASED INVESTMENT OFFERING




                         PROPERTY OVERVIEW


Price:                        $3,503,185

Cap Rate:                     7.85%

Rent Schedule:                NOI              Escalation Date
                              $ 275,000
                              $ 316,300        7/1/2018 (Option 1)
                              $ 363,800        7/1/2023 (Option 2)
                              $ 418,300        7/1/2028 (Option 3)

Renewal Options:              Three 5-Year with escalations

Lease Commencement Date:      July 1, 2007

Lease Expiration Date:        June 30, 2017

Tenant:                       David’s Bridal

Year Built                    2007

Lease Type:                   NN

Rentable Square Feet:         10,000 SF

Land Size:                    32,234 SF




                           www.bouldergroup.com
                                 AERIAL
NET LEASED INVESTMENT OFFERING




       AERIAL




www.bouldergroup.com
                                 SITE PLAN
NET LEASED INVESTMENT OFFERING




     SITE PLAN




www.bouldergroup.com
                                 MAP
NET LEASED INVESTMENT OFFERING




        MAP




www.bouldergroup.com
                                                                                           TENANT PROFILE
                                           NET LEASED INVESTMENT OFFERING




                                            TENANT PROFILE


David’s Bridal is a privately owned and operated clothing store specializing in wedding dresses, prom gowns and
other formal wear. David’s Bridal is the largest American bridal-store chain operating more than 300 stores in 45
states, Canada and Puerto Rico. David’s Bridal was purchased by May Department Stores in 2000. May Department
Stores was acquired by Federated Department Stores, the parent company of Macy’s, in 2005. David’s Bridal stores
provide a broad assortment of designer wedding gowns, special occasion dresses and accessories at affordable
prices. David’s Bridal serves as a one stop shop for brides to purchase designer gowns at a fraction of the price.
Today one in four brides are dressed by David’s Bridal. David’s Bridal was founded in 1945 and is headquartered in
Conshohocken, Pennsylvania.




Website:                       www.davidsbridal.com
Number of Locations:           300 +
Credit:                        Private




                                            www.bouldergroup.com
                                           DEMOGRAPHIC COMPARISON REPORT
                           NET LEASED INVESTMENT OFFERING




                    DEMOGRAPHIC COMPARISON REPORT



Population                   1-mi.                3-mi       5-mi

Total Population            20,894             180,628      485,921
Total Households            8,061               64,438      168,507

Income

Median Household Income     $51,433            $53,616      $62,014
Average Household Income    $66,224            $65,873      $64,070




                           www.bouldergroup.com
                                                                                     LOCATION OVERVIEW
                                          NET LEASED INVESTMENT OFFERING




                                         LOCATION OVERVIEW

                             Oak Lawn is a village located in Cook County, Illinois. Oak Lawn is about 15 miles
                             southwest of Chicago. At the time of the 2010 U.S. Census the population of Oak
                             Lawn was 56,937. Oak Lawn is located within Cook County and part of the Chicago
                             metropolitan area. At the time of the 2010 U.S. Census Cook County had a population
                             of 5,194,675.

                             Oak Lawn is the home of Advocate Christ Medical Center and Hope Children's
                             Hospital, one of the most comprehensive providers of pediatric care in the state. The
                             medical center is a leader in cardiology, pediatrics, surgical services, oncology,
                             women’s services and emergency medicine. The Advocate Christ Medical Center, Oak
                             Lawn’s largest employer, employs over 5,800 people.

                             www.oaklawn-il.gov
                             www.oaklawn

                              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. The Chicago
                              metropolitan area is home to the corporate headquarters of 57 Fortune 1000
                                       es,
                              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 center of traffic movement.
The metro is also a major financial in termsin 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.

www.cityofchicago.com




                                           www.bouldergroup.com
                                                    CONTACT INFORMATION
                   NET LEASED INVESTMENT OFFERING




                 CONTACT INFORMATION




                666 Dundee Road Suite 1801
                    Northbrook, IL 60062



Randy Blankstein                 Jimmy Goodman
President                        Partner
847.562.0003                     847.562.8500
rblank@bouldergroup.com          jimmy@bouldergroup.com




                    www.bouldergroup.com

				
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Description: net lease for sale in the Chicago MSA