OfficeMax (Chicago MSA) 260 E Rollins Road Round Lake Beach, IL 60073 - The Boulder Group
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CVS - PROSPECT,
OfficeMaxCT- Round Lake Beach, IL (Chicago MSA)
NET LEASE
NET OPPORTUNITY
LEASED INVESTMENT OFFERING
Representative Photo
Representative Photo
OfficeMax (Chicago MSA)
260 E Rollins Road
Round Lake Beach, IL 60073
Randy Blankstein |President Jimmy Goodman |Partner
847.562.0003 www.bouldergroup.com 847.562.8500
randy@bouldergroup.com jimmy@bouldergroup.com
CVS - PROSPECT, CT
CONFIDENTIALITY & DISCLAIMER
NET LEASE OPPORTUNITY
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.
Representative Photo
Representative Photo
Randy Blankstein |President Jimmy Goodman |Partner
847.562.0003 www.bouldergroup.com 847.562.8500
randy@bouldergroup.com jimmy@bouldergroup.com
CVS - PROSPECT,
OfficeMaxCT- Round Lake Beach, IL (Chicago MSA)
NET LEASE OPPORTUNITY
Representative Photo
Representative Photo
OfficeMax - Round Lake Beach, IL (Chicago MSA)
260 E Rollins Road, Round Lake Beach, IL 60073
EXECUTIVE SUMMARY
The Boulder Group is pleased to exclusively market for sale a single tenant net leased OfficeMax property located within the Chicago
MSA in Round Lake Beach, Illinois. The OfficeMax property is strategically located at a signalized intersection along the primary
thoroughfare and retail corridor in the area. The property is part of a 100% leased strip center containing national tenants Kohl’s,
Famous Footwear, Dollar Tree, Sally Beauty, Hallmark and Payless Shoes. Additional retailers located in the area include The Home
Depot, Meijer, Jewel-Osco (Albertsons), Hobby Lobby, LA Fitness and Regal Cinemas. There are approximately 74,000 people living
within a three mile radius of the property earning an average household income of over $92,000 per year.
There are 3 years remaining on the OfficeMax lease which expires January 31, 2021. The lease features $0.50/SF rental escalations in
the remaining two 5-year renewal option periods. Office Max is committed to this location as evidenced by their long operating
history at this location (since 2000) and the recent lease renewal option exercised in 2015. OfficeMax is an American office
supplies retailer founded in 1988. It is now a subsidiary of Office Depot, Inc., which is headquartered in Boca Raton, Florida. Office
Depot, Inc. operated more than 1,440 stores in the United States, Puerto Rico, and the U.S. Virgin Islands. Office Depot, Inc. is a
publicly traded company on the Nasdaq Stock Exchange using the symbol “ODP”.
Randy Blankstein |President Jimmy Goodman |Partner
847.562.0003 www.bouldergroup.com 847.562.8500
randy@bouldergroup.com jimmy@bouldergroup.com
CVS - PROSPECT,
OfficeMaxCT- Round Lake Beach, IL (Chicago MSA)
NET LEASE OPPORTUNITY
Representative Photo
Representative Photo
PROPERTY OVERVIEW
Price: $2,400,085 Tenant: OfficeMax
Cap Rate: 9.55% Lease Expiration: January 31, 2021
Building Size: 23,500 SF Net Operating Income: $229,125
Year Built: 2000 Rental Escalations: $0.50/SF in Options
Lease Type: NN Renewal Options: Two 5-YearRemaining
Randy Blankstein |President Jimmy Goodman |Partner
847.562.0003 www.bouldergroup.com 847.562.8500
randy@bouldergroup.com jimmy@bouldergroup.com
OfficeMax - Round Lake Beach, IL (Chicago MSA)
PROPERTY HIGHLIGHTS
Located within the Chicago MSA Positioned along a primary east-west thoroughfare (28,200
$0.50/SF rental escalations in renewal option periods VPD)
Approximately 74,000 people living within a three mile Part of a 100% leased strip center containing national
radius of the property earning an average household income tenants Kohl’s, Famous Footwear, Dollar Tree, Sally Beauty,
of over $92,000 per year Hallmark and Payless Shoes
OfficeMax has exercised their four previous renewal
options, showing their commitment to the location
DEMOGRAPHICS
1-MILE 3-MILE 5-MILE
Population: 14,445 73,971 149,564
Total Households 4,054 23,840 50,852
Avg. Household Income: $78,005 $92,039 $103,110
Randy Blankstein |President Jimmy Goodman |Partner
847.562.0003 www.bouldergroup.com 847.562.8500
randy@bouldergroup.com jimmy@bouldergroup.com
OfficeMax - Round Lake Beach, IL (Chicago MSA) AERIAL Randy Blankstein |President Jimmy Goodman |Partner 847.562.0003 www.bouldergroup.com 847.562.8500 randy@bouldergroup.com jimmy@bouldergroup.com
OfficeMax - Round Lake Beach, IL (Chicago MSA)
TENANT OVERVIEW
Office Depot, Inc. - Office Depot / OfficeMax
Office Depot, Inc., together with its subsidiaries, supplies office products and services in
North America. The company operates in two segments, North American Retail and
North American Business Solutions. It offers office supplies, technology products and
solutions, business machines and related supplies, facilities products, and office furniture,
as well as copy and print services. The company sells its products and services to
consumers and businesses through office supply stores, a contract sales force, Internet
sites, an outbound telephone account management sales force, direct marketing catalogs,
and call centers. Office Depot, Inc. operated more than 1,440 stores in the United States,
Puerto Rico, and the U.S. Virgin Islands. Office Depot, Inc. was founded in 1986 and is
headquartered in Boca Raton, Florida. Office Depot, Inc. is a publicly traded company on
the Nasdaq Stock Exchange using the symbol “ODP”.
In November 2013, Office Depot and OfficeMax merged creating the largest U.S.
office-supplies chain. OfficeMax is now a subsidiary of Office Depot, Inc. but the name
continues to serve as a brand of the newly formed company. Office Depot, Inc. offers its
products under various labels, including Office Depot, OfficeMax, Foray, Ativa, TUL,
Realspace, WorkPro, Brenton Studio, Highmark, Grand & Toy, and Viking Office
Products.
Website: www.officedepot.com
Founded: 1986
Number of Locations: 1,440+
Number of Employees: 49,000+
Stock Symbol: ODP (NASDAQ)
Headquarters: Boca Raton, Florida
Randy Blankstein |President Jimmy Goodman |Partner
847.562.0003 www.bouldergroup.com 847.562.8500
randy@bouldergroup.com jimmy@bouldergroup.com
OfficeMax - Round Lake Beach, IL (Chicago MSA)
TENANT OVERVIEW
Round Lake Beach is a northern suburb of Chicago in Lake County, Illinois. Round Lake
Beach is a scenic community with over 28,500 residents. The area boasts strong
demographics with an average household income of $90,000. Round Lake Beach is located
approximately 40 miles Northwest of Chicago. The village is accessible by the Metra’s North
Central Service with daily rail service between Antioch and Chicago ‘s Union Station. Round
Lake Beach is the largest community in population in west Lake County and with the
commercial growth of Rollins Road and North Cedar Lake Round, the village is coming into
its own as a strong business community.
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 66 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.
Chicago attracts over 50 million domestic leisure travelers, 11 million domestic business
travelers and 1.5 million overseas visitors. These visitors contributed more than $14 billion to
Chicago's economy. Upscale shopping along the Magnificent Mile and State Street,
thousands of restaurants, as well as Chicago's eminent architecture, continue to draw tourists.
The city is the United States' third-largest convention destination. A 2011 study by Walk
Score ranked Chicago the fourth most walkable of the fifty largest cities in the United States.
Randy Blankstein |President Jimmy Goodman |Partner
847.562.0003 www.bouldergroup.com 847.562.8500
randy@bouldergroup.com jimmy@bouldergroup.com
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