ADVANCE AUTO PARTS 3654 RIDGE RD. SINGLE TENANT NNN LEASE

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ADVANCE AUTO PARTS 3654 RIDGE RD. SINGLE TENANT NNN LEASE
ADVANCE AUTO PARTS
                                    SINGLE TENANT NNN LEASE
                                                3654 RIDGE RD.
                                             LANSING, IL 60438 FOR SALE
                                                                                                   This opportunity presents an investor
                                                                                                   a chance to acquire a single tenant net
                                                                                                   lease with a strong national tenant.
                                                                                                   The property is developed with
                                                                                                   a 11,298 sq.ft. masonry building
                                                                                                   completely remodeled and leased
                                                                                                   on a net basis to Advance Auto Parts.
                                                                                                   Landlord installed new roof with
                                                                                                   15 year Firestone manufacturer’s
                                                                                                   warranty in 2013. Tenant now assumes
                                                                                                   responsibility for roof maintenance.
                                                                                                   The 28,346 sq.ft. lot has 190+/- feet
                                                                                                   frontage on Ridge Ave. with 34
                                                                                                   parking places.
                                                                                                   The property is located in Lansing,
                                                                                                   IL., a large south suburb of Chicago.
                                                                                                   Lansing is located on the state line
                                                                                                   of Illinois and Indiana adjoining
                                                                                                   Munster, IN. The area is within a short
                                                                                                   driving distance and just south of
                                                                                                   the I-94 Expressway. Ridge Ave is the
                                                                                                   commercially developed east/west
                                                                                                   street and provides easy access to
                                                                                                   downtown Lansing and Munster to the
                                                                                                   east.

                                                                                                   PROPERTY HIGHLIGHTS
                                                                                                   » National Investment Grade Tenant
BUILDING SF 11,298                               CAP RATE 6.75%                                      (S&P: BBB-)
                                                                                                   » Original 15 Year Lease Expiring
LOT SF 28,346                                    NET OPERATING INCOME $121,275                        on 4/30/2020
                                                                                                   » 3-5 Year Options with 5% Rent
ASKING PRICE $1,796,000                                                                               Increases in Option Periods
                                                                                                   » Free-Standing Building with new
                                                                                                      roof with 15 year warranty
                                                                                                   » Surrounded by many National
        STATISTICS                 1 MILE                 2 MILE                 3 MILE               Tenants including Walgreens,
                                                                                                      Aldi’s, Baker’s Square & a
       Population                   14,976                52,534                 95,879               Strack&VanTil Grocery Center
                                                                                                   » Densely Populated South Suburb
       Households                   6,018                 20,046                 36,584               of Chicago, Just off 1-94
                                                                                                      Expressway
       Average HHI                 $65,356               $62,937                $64,157            » Perfect for 1031 Exchange Buyer

ESTHER BERMAN        Senior VP, Investment Sales MARK JONES, CCIM    Senior VP, Investment Sales
(P) 847.274.9444   eberman@jameson.com           (O) 312.335.3229 mjones@jameson.com

                                                                                                    jamesoncommercial.com
                                                                                                    ©Jameson Real Estate LLC. All information provided herein is from sources deemed
                                                                                                    reliable. Norepresentationismadeastotheaccuracythereof&itissubmittedsubjectto
                                                                                                    errors,omissions,changes,priorsaleorlease,orwithdrawalwithoutnotice. Projections,
                                                                                                    opinions,assumptions&estimatesarepresentedasexamplesonly&maynotrepresent
                                                                                                    actual performance. Consult tax & legal advisors to perform your own investigation.
ADVANCE AUTO PARTS 3654 RIDGE RD. SINGLE TENANT NNN LEASE
ADVANCE AUTO PARTS - SINGLE TENANT NNN LEASE
                                                   3654 RIDGE RD.
                                                LANSING, IL 60438

PROPERTY PHOTO

ESTHER BERMAN        Senior VP, Investment Sales MARK JONES, CCIM    Senior VP, Investment Sales
(P) 847.274.9444   eberman@jameson.com           (O) 312.335.3229 mjones@jameson.com

                                                                                                   jamesoncommercial.com
                                                                                                   ©Jameson Real Estate LLC. All information provided herein is from sources deemed
                                                                                                   reliable. Norepresentationismadeastotheaccuracythereof&itissubmittedsubjectto
                                                                                                   errors,omissions,changes,priorsaleorlease,orwithdrawalwithoutnotice. Projections,
                                                                                                   opinions,assumptions&estimatesarepresentedasexamplesonly&maynotrepresent
                                                                                                   actual performance. Consult tax & legal advisors to perform your own investigation.
ADVANCE AUTO PARTS 3654 RIDGE RD. SINGLE TENANT NNN LEASE
ADVANCE AUTO PARTS - SINGLE TENANT NNN LEASE
                                               3654 RIDGE RD.
                                            LANSING, IL 60438

FINANCIALS

                                            Financial/ Rent Roll
                                         3654 Ridge Rd. Lansing, IL

                                                     Advance Stores Company
     Tenant                                               Incorporated
     Lease Commencement                                          4/21/2005
     Lease Expiration                                            4/30/2020
     Options                                                       3- 5 yr
                        Rent                                      Monthly                            Annual
                    Years 1-10                                   $9,583.00                         $114,996.00
                    Years 11-15                                  $10,106.25                        $121,275.00
                    1st Option                                   $10,611.50                        $127,338.00
                    2nd Option                                   $11,142.08                        $133,704.96
                    3rd Option                                   $11,699.17                        $140,390.04

     Tenant responsible for all real estate taxes, insurance and maintenance and repair
     of premises including roof, excepting slab, foundation and structure.
     2012 real estate taxes= $72,466.51 ($6.41PSF)

     Investment to be based on Scheduled Net Rent in Year 11 of the Lease ($121,275). Seller to credit
     Buyer any rent difference out of escrow at closing.

     Net Operating Income                                                                          $121,275.00
                                                                                                                                                 Cap Rate
     Asking Price                                                                                  $1,796,000                                        6.75%

ESTHER BERMAN       Senior VP, Investment Sales MARK JONES, CCIM     Senior VP, Investment Sales
(P) 847.274.9444   eberman@jameson.com        (O) 312.335.3229     mjones@jameson.com

                                                                                                   jamesoncommercial.com
                                                                                                   ©Jameson Real Estate LLC. All information provided herein is from sources deemed
                                                                                                   reliable. Norepresentationismadeastotheaccuracythereof&itissubmittedsubjectto
                                                                                                   errors,omissions,changes,priorsaleorlease,orwithdrawalwithoutnotice. Projections,
                                                                                                   opinions,assumptions&estimatesarepresentedasexamplesonly&maynotrepresent
                                                                                                   actual performance. Consult tax & legal advisors to perform your own investigation.
ADVANCE AUTO PARTS 3654 RIDGE RD. SINGLE TENANT NNN LEASE
ADVANCE AUTO PARTS - SINGLE TENANT NNN LEASE
                                               3654 RIDGE RD.
                                            LANSING, IL 60438

AERIAL TENANT MAP

                                                                                               SITE

ESTHER BERMAN       Senior VP, Investment Sales MARK JONES, CCIM     Senior VP, Investment Sales
(P) 847.274.9444   eberman@jameson.com        (O) 312.335.3229     mjones@jameson.com

                                                                                                   jamesoncommercial.com
                                                                                                   ©Jameson Real Estate LLC. All information provided herein is from sources deemed
                                                                                                   reliable. Norepresentationismadeastotheaccuracythereof&itissubmittedsubjectto
                                                                                                   errors,omissions,changes,priorsaleorlease,orwithdrawalwithoutnotice. Projections,
                                                                                                   opinions,assumptions&estimatesarepresentedasexamplesonly&maynotrepresent
                                                                                                   actual performance. Consult tax & legal advisors to perform your own investigation.
ADVANCE AUTO PARTS 3654 RIDGE RD. SINGLE TENANT NNN LEASE
ADVANCE AUTO PARTS - SINGLE TENANT NNN LEASE
                                                   3654 RIDGE RD.
                                                LANSING, IL 60438

MAP

                                     SITE

ESTHER BERMAN        Senior VP, Investment Sales   MARK JONES, CCIM     Senior VP, Investment Sales
(P) 847.274.9444    eberman@jameson.com            (O) 312.335.3229   mjones@jameson.com

                                                                                                      jamesoncommercial.com
                                                                                                      ©Jameson Real Estate LLC. All information provided herein is from sources deemed
                                                                                                      reliable. Norepresentationismadeastotheaccuracythereof&itissubmittedsubjectto
                                                                                                      errors,omissions,changes,priorsaleorlease,orwithdrawalwithoutnotice. Projections,
                                                                                                      opinions,assumptions&estimatesarepresentedasexamplesonly&maynotrepresent
                                                                                                      actual performance. Consult tax & legal advisors to perform your own investigation.
ADVANCE AUTO PARTS - SINGLE TENANT NNN LEASE
                                               3654 RIDGE RD.
                                            LANSING, IL 60438

SURVEY

ESTHER BERMAN       Senior VP, Investment Sales MARK JONES, CCIM     Senior VP, Investment Sales
(P) 847.274.9444   eberman@jameson.com        (O) 312.335.3229     mjones@jameson.com

                                                                                                   jamesoncommercial.com
                                                                                                   ©Jameson Real Estate LLC. All information provided herein is from sources deemed
                                                                                                   reliable. Norepresentationismadeastotheaccuracythereof&itissubmittedsubjectto
                                                                                                   errors,omissions,changes,priorsaleorlease,orwithdrawalwithoutnotice. Projections,
                                                                                                   opinions,assumptions&estimatesarepresentedasexamplesonly&maynotrepresent
                                                                                                   actual performance. Consult tax & legal advisors to perform your own investigation.
ADVANCE AUTO PARTS - SINGLE TENANT NNN LEASE
                                               3654 RIDGE RD.
                                            LANSING, IL 60438

DEMOGRAPHICS

1 MILE RADIUS                                      2 MILE RADIUS                                3 MILE RADIUS

POPULATION // 2011

TOTAL POPULATION // 14,976                         TOTAL POPULATION // 52,534                   TOTAL POPULATION // 95,879

MEDIAN AGE // 40.0                                 MEDIAN AGE // 38.2                           MEDIAN AGE // 38.5

INCOME // 2011

MEDIAN HH INCOME // $53,441                        MEDIAN HH INCOME // $51,610                  MEDIAN HH INCOME // $51,052

PER CAPITA INCOME // $25,955                       PER CAPITA INCOME // $24,156                 PER CAPITA INCOME // $24,588

AVERAGE HH INCOME // $65,356                       AVERAGE HH INCOME // $62,937                 AVERAGE HH INCOME // $64,157

HOUSEHOLDS // 2011

TOTAL HOUSEHOLDS // 6,018                          TOTAL HOUSEHOLDS // 20,046                   TOTAL HOUSEHOLDS // 36,584

AVERAGE HOUSEHOLD SIZE // 2.48                     AVERAGE HOUSEHOLD SIZE // 2.60               AVERAGE HOUSEHOLD SIZE // 2.60

HOUSING // 2011

OWNER OCCUPIED HOUSING UNITS // 4,744              OWNER OCCUPIED HOUSING UNITS // 14,884       OWNER OCCUPIED HOUSING UNITS // 26,932

RENTER OCCUPIED HOUSING UNITS // 1,274             RENTER OCCUPIED HOUSING UNITS // 5,162       RENTER OCCUPIED HOUSING UNITS // 9,652

ESTHER BERMAN        Senior VP, Investment Sales     MARK JONES, CCIM     Senior VP, Investment Sales
(P) 847.274.9444   eberman@jameson.com              (O) 312.335.3229    mjones@jameson.com

                                                                                                        jamesoncommercial.com
                                                                                                        ©Jameson Real Estate LLC. All information provided herein is from sources deemed
                                                                                                        reliable. Norepresentationismadeastotheaccuracythereof&itissubmittedsubjectto
                                                                                                        errors,omissions,changes,priorsaleorlease,orwithdrawalwithoutnotice. Projections,
                                                                                                        opinions,assumptions&estimatesarepresentedasexamplesonly&maynotrepresent
                                                                                                        actual performance. Consult tax & legal advisors to perform your own investigation.
ADVANCE AUTO PARTS - SINGLE TENANT NNN LEASE
                                                   3654 RIDGE RD.
                                                LANSING, IL 60438

TENANT OVERVIEW

ESTHER BERMAN        Senior VP, Investment Sales MARK JONES, CCIM    Senior VP, Investment Sales
(P) 847.274.9444   eberman@jameson.com           (O) 312.335.3229 mjones@jameson.com

                                                                                                   jamesoncommercial.com
                                                                                                   ©Jameson Real Estate LLC. All information provided herein is from sources
                                                                                                   deemed reliable. No representation is made as to the accuracy thereof &
                                                                                                   it is submitted subject to errors, omissions, changes, prior sale or lease, or
                                                                                                   withdrawal without notice. Projections, opinions, assumptions & estimates are
                                                                                                   presented as examples only & may not represent actual performance. Consult
ADVANCE AUTO PARTS - SINGLE TENANT NNN LEASE
                                                   3654 RIDGE RD.
                                                LANSING, IL 60438

TENANT OVERVIEW

                      Press Release

                      Advance Auto Parts to Acquire General Parts International, Inc. in All-Cash Transaction
                      with Enterprise Value of $2.04 Billion
                      Creates the largest automotive aftermarket parts provider in North America with combined sales of over $9.2 billion

                      Expected to generate annual synergies of $160 million within three years of closing

                      Estimated to deliver significant FY14 Cash EPS(1) accretion of more than 20% excluding one-time costs to achieve
                      synergies and an increase in the low teens including one-time costs to achieve synergies

                      Expected to maintain investment grade ratings given strong combined financial profile

                      ROANOKE, Va.--(BUSINESS WIRE)--Oct. 16, 2013-- Advance Auto Parts, Inc. (NYSE: AAP), a leading provider of
                      automotive aftermarket parts, accessories, batteries, and maintenance items, announced today that it has entered
                      into a definitive agreement to acquire General Parts International, Inc. (GPII), a leading privately held distributor and
                      supplier of original equipment and aftermarket replacement products for commercial markets operating under the
                      CARQUEST and WORLDPAC brands, in an all-cash transaction with an enterprise value of $2.04 billion. The transaction
                      has been approved by the boards of directors of both companies.

                      The transaction creates the largest automotive aftermarket parts provider in North America, with annual sales of
                      over $9.2 billion and more than 70,000 Team Members. The strong combined financial profile allows for an all-cash
                      transaction and supports Advance’s commitment to maintain its investment grade rating. The acquisition of GPII will
                      accelerate Advance’s growth strategy and enhance shareholder value through the following strategic benefits:

                      Creates Market Leader – (1) #1 automotive aftermarket parts provider in North America with a balanced platform for
                      growth between Do-It-yourself (DIY) and Commercial, (2) #1 distributor of import automotive parts and (3) the
                      largest automotive aftermarket business-to-business e-commerce platform in North America.

                      Delivers Scale – Provides Advance with complete coast-to-coast coverage across North America, creating a company
                      with scale, reach and expanded growth opportunities benefiting shareholders, customers and team members. This
                      presence in new markets allows Advance the ability to expand its geographic footprint in an efficient manner.

                      Accelerates Complementary Market Opportunities – Expands Advance’s product and category offerings in both core
                      and new product lines (i.e. paint and heavy duty), creates new sales channel with independent customers and
                      broadens ability to grow with attractive customer segments such as larger bay garages, import specialists, national
                      accounts and fleet and government programs.

                      Strengthens Leading Brands and Capabilities – Enhances Advance’s ability to serve customers through the transfer of
                      CARQUEST’s commercial capabilities and Team Member parts knowledge into Advance stores while expanding DIY into
                      select company operated CARQUEST stores. The combination expands key capabilities in customer service through
                      enhanced daily replenishment and customer loyalty programs to a larger truck fleet and a significantly expanded
                      commercial sales team.

ESTHER BERMAN        Senior VP, Investment Sales MARK JONES, CCIM    Senior VP, Investment Sales
(P) 847.274.9444   eberman@jameson.com           (O) 312.335.3229 mjones@jameson.com

                                                                                                                            jamesoncommercial.com
                                                                                                                            ©Jameson Real Estate LLC. All information provided herein is from sources
                                                                                                                            deemed reliable. No representation is made as to the accuracy thereof &
                                                                                                                            it is submitted subject to errors, omissions, changes, prior sale or lease, or
                                                                                                                            withdrawal without notice. Projections, opinions, assumptions & estimates are
                                                                                                                            presented as examples only & may not represent actual performance. Consult
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