ground leased property

1. NET LEASED INVESTMENT OFFERING
Chase (Ground Lease)
4001 167th Street
Country Club Hills, IL 60478 (Chicago MSA)
www.bouldergroup.com

2. TABLE OF CONTENTS
NET LEASED INVESTMENT OFFERING
TABLE OF CONTENTS
1) Confidentiality & Disclaimer
2) Executive Summary
3) Property Overview
4) Site Plan
5) Overall Site Plan
6) Map
7) Tenant Profile
8) Demographic Comparison Report
9) Location Overview
10) Contact Information
www.bouldergroup.com

3. 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

4. EXECUTIVE SUMMARY
NET LEASED INVESTMENT OFFERING
EXECUTIVE SUMMARY
The Boulder Group is pleased to exclusively market for sale a single tenant Chase Bank ground lease located in the
Chicago MSA. The Chase Bank is located on a 2.07 acre parcel and was built in 2006 with a 30 year ground lease. The
property is located as an out parcel to a 24-hour Wal-Mart Supercenter anchored shopping center. Additionally, there are
215,631 people living within five miles of the property.
The property is located along 167th Street and benefits from its strategic location on the hard corner of a signalized
intersection. 167th Street experiences traffic volumes of 17,200 vehicles per day. Constant traffic is abundant due to the
draw of Country Club Hills Plaza; a Wal-Mart Supercenter anchored shopping center. 167th Street has a full access
interchange with Interstate 57 94,000 vehicles per day less than one-half mile from the property. Additionally the property
is located near Interstates 80 and 294 which experience traffic volumes in excess of 100,000 vehicles per day and
90,000 vehicles per day respectively.
Chase’s original ground lease term was for 30 years with four 5-year renewal options and the lease expires in October
2036. The net operating income increases by 10% every five years during the primary term and the option periods. Chase
is a publicly traded company on the New York Stock Exchange (JPM), with a market capitalization of $151 Billion. J.P.
Morgan Chase is an investment grade rated company with a Standard & Poor’s rating of A+.
INVESTMENT HIGHLIGHTS
• Located as an outparcel to a Wal-Mart Supercenter
• Located within the Chicago MSA
• Long term ground lease with 24 years remaining
• Investment grade rated company (Standard & Poor’s: A+)
• No landlord responsibilities
• Positioned on a hard corner of a signalized intersection
• 10% rental escalations every five years
• Nearby retailers include AMC Loews, Sprint Wireless, Guitar Center,
and Payless Shoes
• Less than one-half mile from I-57 interchange (94,000 VPD)
• Close proximity to a planned 500,000 square foot outlet mall,
convention center, and hotel development.
www.bouldergroup.com

5. PROPERTY OVERVIEW
NET LEASED INVESTMENT OFFERING
PROPERTY OVERVIEW
Price: $2,300,000
Cap Rate: 5.50%
Rent Schedule: NOI Escalation Date
$ 126,500
$ 139,150 10/12/2016
$ 153,065 10/12/2021
$ 168,372 10/12/2026
$ 185,209 10/12/2031
Renewal Options: Four 5-Year
Renewal Rate: 10% increase each option period
Lease Commencement Date: October 12, 2006
Lease Expiration Date: October 11, 2036
Tenant: Chase
Credit Rating: A+ (Standard and Poor’s)
Year Built 2006
Lease Type: Ground Lease - NNN
Rentable Square Feet: 4,342 SF
Land Size: 2.07 Acres
Purchase Option: Chase has the option to purchase the property at any time based
on a 7% cap rate of the then current NOI. The seller will escrow
the difference between the purchase price and Chase’s
purchase option price at negotiated terms and release funds in
the event Chase exercises their purchase option during the
primary term.
www.bouldergroup.com

6. AERIAL
NET LEASED INVESTMENT OFFERING
AERIAL
www.bouldergroup.com

7. SITE PLAN
NET LEASED INVESTMENT OFFERING
SITE PLAN
www.bouldergroup.com

8. MAP
NET LEASED INVESTMENT OFFERING
MAP
www.bouldergroup.com

9. TENANT PROFILE
NET LEASED INVESTMENT OFFERING
TENANT PROFILE
Chase Bank is a national bank that constitutes the consumer and commercial banking subsidiary of financial
services firm J.P. Morgan Chase (NYSE: JPM). The bank was known as Chase Manhattan Bank until it merged with
J.P. Morgan & Co in 2004. Now, J.P. Morgan Chase, through its Chase subsidiary, is one of the Big Four Banks of the
United States with $2.3 Trillion in assets and $183 Billion in stockholder’s equity as of December 31, 2011. Chase
has more than 5,500 branches nationwide (3rd largest nationally) and more than 17,200 ATMs (2nd largest
nationally). On September 25th, 2008, J.P. Morgan Chase bought most banking operations of Washington Mutual
from the receivership of the Federal Deposit Insurance Corporation (FDIC). In 2011, J.P. Morgan produced record net
income of $2.4 Billion and grew total deposits 21% from the prior year to $1.1 Trillion. Currently J.P. Morgan & Chase
& Co. is ranked 16thth on the Fortune 500.
Website: www.chase.com
Number of Locations: 5,500
Stock Symbol: JPM : NYSE
Standard & Poor’s Rating: A+
Market Capitalization: $151 Billion
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10. DEMOGRAPHIC COMPARISON REPORT
NET LEASED INVESTMENT OFFERING
DEMOGRAPHIC COMPARISON REPORT
Population 3-mi. 5-mi 7-mi
Total Population 81,272 215,631 461,866
Total Households 27,926 76,145 161,636
Income
Median Household Income $64,042 $63,456 $64,440
Average Household Income $71,224 $72,721 $73,732
www.bouldergroup.com

11. LOCATION OVERVIEW
NET LEASED INVESTMENT OFFERING
LOCATION OVERVIEW
Country Club Hills is a located in Cook County, Illinois, 25 miles south of Downtown
Chicago. Country Club Hills has a population of over 16,000. Country Club Hills Plaza
was recently developed along 167th Street in Country Club Hills. The center is
anchored by the largest Wal-Mart Supercenter in the Chicago MSA. Other retailers
Mart
include Guitar Center, Radio Shack, Footlocker, Payless Shoes and GNC. Adjacent to
the center is an AMC Loews Cineplex and Metro Self Storage. Country Club Hills has
plans for a 500,000 square foot outlet center to be developed. The center will include
outlet
retail stores, a 10,000 seat multi purpose convention arena, and a water park resort
multi-purpose
hotel.
www.countryclubhills.org
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
populated
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
companies, including Boeing, McDonald's, Motorola, Discover Financial Services and
Motorola,
United Airlines. Chicago is a major hub for industry, telecommunications and
infrastructure and O'Hare International Airport is the second busiest airport in the
The metro is also a major financial center in 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
enters
general competitiveness.
www.cityofchicago.com
www.bouldergroup.com

12. 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