7-Eleven (S&P: AA-) 5363 Lincoln Avenue Skokie, IL 60077 (Chicago MSA)
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NET LEASED INVESTMENT OFFERING
7-Eleven (S&P: AA-)
5363 Lincoln Avenue
Skokie, IL 60077 (Chicago MSA)
www.bouldergroup.com
TABLE OF CONTENTS
NET LEASED INVESTMENT OFFERING
TABLE OF CONTENTS
1) Executive Summary
2) Investment Highlights
3) Property Overview
4) Aerial
5) Site Plan
6) Maps
7) Tenant Profile
8) Demographic Comparison Report
9) Location Overview
10) Contact Information
www.bouldergroup.com
CONFIDENTITALITY & 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. 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.
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EXECUTIVE SUMMARY
NET LEASED INVESTMENT OFFERING
EXECUTIVE SUMMARY
The Boulder Group is pleased to exclusively market for sale a single tenant absolute net leased corporately guaranteed
7-Eleven property located within the Chicago MSA. The property is located in a densely populated area with approximately
28,000 people living within a one mile radius. 7-Eleven has successfully operated at this location since 1967. The lease
has six years remaining and expires September 30, 2020. The lease has one 5-year renewal option with a 14.3% rental
escalation. 7-Eleven is an investment grade tenant with a Standard & Poor’s rating of AA-.
The 7-Eleven property is located at the signalized intersection of Lincoln Avenue and Gross Point Road, a prime intersec-
tion that experiences traffic counts of 25,000 vehicles per day. The property is located approximately three-quarters of a
mile from access to Interstate 94. Interstate 94 experiences traffic counts in excess of 155,000 vehicles per day. The prop-
erty is located in a densely populated area with approximately 28,000 people living within a one mile radius. Additionally,
there are over 145,000 people living within a three mile radius earning average household incomes in excess of $95,000
per annum. 7-Eleven has successfully operated at this located for almost fifty years due to its’ strategic neighborhood
location in one of Chicago’s more densely populated neighborhoods.
7-Eleven signed a 15 year lease extension in 2005 that expires September 30, 2020. The lease is an absolute triple net
and features one 5-year renewal option with a 14.3% rental escalation. 7-Eleven is the world’s largest retail store chain
with more than 53,000 locations throughout the world. 7-Eleven is an investment grade rated company with a Standard
& Poor’s rating of AA-.
INVESTMENT HIGHLIGHTS
• Located within the Chicago MSA
• Corporately guaranteed
• 7-Eleven is an investment grade rated tenant (S&P: AA-)
• Long standing successful operating history at this location since
1967
• 14.3% rental escalation in the renewal option
• Located at the prime signalized intersection of Lincoln Avenue and
Gross Point Road (25,000 VPD)
• Densely populated area with approximately 28,000 people living
within a one mile radius
• Over 145,000 people living within a three mile radius earning
average household incomes in excess of $95,000 per annum
• Three-quarters of a mile from access to Interstate 94 (155,000
VPD)
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PROPERTY OVERVIEW
NET LEASED INVESTMENT OFFERING
PROPERTY OVERVIEW
Price: $975,000
Cap Rate: 6.46%
Net Operating Income: $63,000*
Rental Escalations: 14.3% in Option
Renewal Options: One 5-Year
Lease Commencement Date: December 1967
Lease Expiration Date: September 30, 2020
Tenant: 7-Eleven
Credit Rating: AA- (S&P)
Year Built: 1967
Lease Type: NNN
Rentable Square Feet: 2,800 SF
Land Acreage: 10,156 SF
*Seller will credit, at closing, the difference between the current rent of $57,000, until the rent
escalates in October 1, 2015.
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AERIAL
NET LEASED INVESTMENT OFFERING
AERIAL
N
D
D OA
VP T R
00 IN
,5 PO
16 SS
O
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LIN
COL
8,5 N AVE
00
VPD NUE
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SITE PLAN
NET LEASED INVESTMENT OFFERING
SITE PLAN
N
LINCO
LN AV
ENUE
D
OA
TR
OIN
SP
OS
GR
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MAPS
NET LEASED INVESTMENT OFFERING
MAPS
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TENANT PROFILE
NET LEASED INVESTMENT OFFERING
TENANT PROFILE
7-Eleven is part of an international chain of convenience stores with more than 53,000 locations world-wide,
making it the world’s largest operation, franchisor and licensor of convenience stores. 7-Eleven branded stores,
under parent company Seven & I Holdings Co., are located in 16 countries and 7-Eleven’s American division is
headquartered in downtown Dallas, Texas. Seven & I Holdings Co., Ltd. Is a diversified retail group headquartered
in Tokyo, Japan. 7-Eleven has recently been ranked by Forbes magazine as No. 2 “Top Franchisee for the
Money” for 2012 and No. 3 “Top 20 Franchises to Start” for 2011. Additionally 7-Eleven was ranked No. 3 on
Entrepreneur magazine’s “Franchisee 500” and No. 1 in Store Growth by Convenience Store News for 2012.
Website: www.7-eleven.com
Number of Locations Worldwide: 53,000
Number of United States Locations: 7,800
Number of Employees: 45,000
Standard & Poor’s Rating: AA-
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DEMOGRAPHIC COMPARISON REPORT
NET LEASED INVESTMENT OFFERING
DEMOGRAPHIC COMPARISON REPORT
Population 1-mi 3-mi 5-mi
Total Population 27,939 145,700 565,855
Total Households 10,689 54,040 211,322
Income
Median Household Income $56,263 $71,173 $63,700
Average Household Income $73,573 $95,126 $91,404
www.bouldergroup.comLOCATION OVERVIEW
NET LEASED INVESTMENT OFFERING
LOCATION OVERVIEW
Skokie is a village in Cook County, Illinois. A Chicago suburb, for many years Skokie promoted itself as
“The World’s Largest Village”. According to the 2010 census, Skokie had a population of 64,784 residents.
Sharing a border with the city of Chicago, Skokie’s streets, like that of many suburbs, are largely a
continuation of the Chicago street grid, and it is served by the Chicago Transit Authority, further cementing
its connection to the city. The village is bordered by Evanston to the east, Chicago to the southeast and
southwest, Lincolnwood to the south, Niles to the southwest, Morton Grove to the west, Glenview to the
northwest, and Wilmette to the north. Pfizer is the largest employer in Skokie employing over 2,100 people.
www.skokie.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 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 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 in terms of traffic movement.
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 general competitiveness. The
city has also been rated as having the most balanced economy in the United States, due to its high level of diversity.
www.cityofchicago.org
www.bouldergroup.comCONTACT INFORMATION
NET LEASED INVESTMENT OFFERING
CONTACT INFORMATION
666 Dundee Road, Suite 1801
Northbrook, IL 60062
Randy Blankstein Jimmy Goodman Steven Gelber
President Partner 310.824.4999 Ext. 15
847.562.0003 847.562.8500 steven.gelber@gmail.com
randy@bouldergroup.com jimmy@bouldergroup.com
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