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  • 1. NET LEASED INVESTMENT OFFERING PNC Bank (Ground Lease) 12821 West Bluemound Road Brookfield, WI 53005 (Milwaukee 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) Aerial 5) Site Plan 6) Maps 7) Tenant Profile 8) Demographic Comparison Report 9) Location Overview 10) Contact Information www.bouldergroup.com
  • 3. 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. 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 PNC Bank ground lease property located in the Milwaukee MSA. The 4,020 square foot building was constructed in 2012 on a 51,400 square foot parcel and is part of the recently developed Underwood Crossing. The 20 year ground lease features escalating rents during the primary term of the lease. The property is located along Bluemound Road, a primary east-west thoroughfare that experiences traffic volumes in excess of 41,000 vehicles per day. Bluemound Road runs parallel to Interstate 94, creating constant traffic flow near the property. The property is positioned at the signalized entrance to the recently developed Underwood Crossing. Underwood Crossing features a recently developed Target and Trader Joe’s, which are two major traffic generators for the area. The developer is constructing an adjacent strip center featuring Starbucks and Great Clips. The regional trade area also features two regional malls, Brookfield Square Mall and Mayfair Mall, totaling over 2 million square feet featuring national retailers Macy’s, Boston Store, Sears, Bed Bath & Beyond and PetSmart. Brookfield is a well-populated area with approximately 240,000 people living within five miles of the property. Residents living within one mile of the subject property enjoy average household income in excess of $95,000 annually. The original twenty year ground lease commenced November 3, 2012 with a primary term of 20 years. The lease features a rental escalation in the primary term and in each of the five 10-year renewal options. PNC Bank is the sixth largest bank in the United States by total assets. PNC Bank has over 2,800 locations in 17 states and is publicly traded on the New York Stock Exchange (PNC). PNC is an investment grade rated company with a Standard & Poor’s rating of A-. INVESTMENT HIGHLIGHTS • Located within the Milwaukee MSA • Investment grade tenant (S&P: A-) • New construction • Long term lease with 19 years remaining • 10% rental escalation every ten years in the primary term and renewal options • No landlord responsibilities • Outparcel to a newly developed Target and Trader Joe’s development • Bluemound Road is a primary thoroughfare and has traffic volumes in excess of 41,000 vehicles per day • Affluent area with average household income in excess of $95,000 in immediate vicinity www.bouldergroup.com
  • 5. PROPERTY OVERVIEW NET LEASED INVESTMENT OFFERING PROPERTY OVERVIEW Price: $2,500,000 Cap Rate: 5.00% Rent Schedule: NOI Escalation Date $125,000 $137,500 $151,250 $166,375 $183,012 $201,314 $221,445 11/4/2022 12/1/2032 (Option 1) 12/1/2042 (Option 2) 12/1/2052 (Option 3) 12/1/2062 (Option 4) 12/1/2072 (Option 5) Renewal Options: Five 10-Year Rent Commencement Date: November 3, 2012 Rent Expiration Date: November 30, 2032 Tenant: PNC Bank Year Built: 2012 Lease Type: Ground Lease Building Size: 4,020 SF Land Size: 1.18 acres www.bouldergroup.com
  • 6. AERIAL NET LEASED INVESTMENT OFFERING AERIAL www.bouldergroup.com
  • 7. SITE PLAN NET LEASED INVESTMENT OFFERING SITE PLAN N www.bouldergroup.com
  • 8. MAPS NET LEASED INVESTMENT OFFERING MAPS www.bouldergroup.com
  • 9. TENANT PROFILE NET LEASED INVESTMENT OFFERING TENANT PROFILE PNC Financial Services is a diversified financial services company in the United States. PNC is engaged in retail banking, corporate and institutional banking, asset management, and residential mortgage banking. PNC provides deposit, lending, cash management, and investment services to more than 6 million consumer and small business customers across 19 states and the District of Columbia. PNC is the fifth largest bank in the United States (total branches) with more than 2,700 branches and 7,400 ATM machines. PNC is publicly traded on the New York Stock Exchange as PNC and has a market capitalization in excess of $39 billion. Website: Credit Rating: Stock Symbol: Number of Locations: Market Capitalization: www.pnc.com A- (S&P) PNC (NYSE) 2,700+ $39 billion www.bouldergroup.com
  • 10. DEMOGRAPHIC COMPARISON REPORT NET LEASED INVESTMENT OFFERING DEMOGRAPHIC COMPARISON REPORT Population Total Population Total Households 3-mi 5-mi 7-mi 60,472 26,261 240,383 105,458 515,821 208,869 $58,444 $82,953 $54,084 $73,528 $64,444 $75,289 Income Median Household Income Average Household Income www.bouldergroup.com
  • 11. LOCATION OVERVIEW NET LEASED INVESTMENT OFFERING LOCATION OVERVIEW Brookfield is a city located in Waukesha County, Wisconsin. It had a population of 37,920 in the 2010 census. Brookfield is the third largest city in Waukesha County. Brookfield is one of Milwaukee’s fastest growing and most affluent areas. Brookfield is located approximately ten miles west of Milwaukee and is home to six million square feet of corporate office space and five million square feet of industrial space. Major employers in the area include Wheaton Franciscan Healthcare, GE Medical Services, Harley Davidson, Quad Graphics, Aurora Healthcare and Briggs and Stratton. There are eight colleges and universities located within Brookfield’s trade area including the University of Wisconsin at Milwaukee and Marquette University. These two universities are home to a combined 25,000 students. www.ci.brookfield.wi.us Milwaukee is the largest city in Wisconsin and the 28th most populous city in the United States. Milwaukee is located on the southwestern shore of Lake Michigan. According to the 2010 U.S. Census, the City of Milwaukee had a population of 594,833 and the Milwaukee MSA had a population of 1,751,316. Milwaukee and its suburbs are the home to the international headquarters of 13 Fortune 1000 companies, including Johnson Controls, Northwestern Mutual, Manpower Inc., Jefferson Wells, Kohl’s, Harley-Davidson, Rockwell Automation, Fiserv, Inc., Hal Leonard, Wisconsin Energy, Briggs & Stratton, Joy Global, Bucyrus International, A.O. Smith, GE Healthcare Diagnostic Imaging and Clinical Systems and MGIC Investments. The Milwaukee metropolitan area ranks fifth in the United States in terms of the number of Fortune 500 company headquarters as a share of the population. city.milwaukee.gov www.bouldergroup.com
  • 12. CONTACT INFORMATION NET LEASED INVESTMENT OFFERING CONTACT INFORMATION 666 Dundee Road, Suite 1801 Northbrook, IL 60062 Randy Blankstein President 847.562.0003 rblank@bouldergroup.com Jimmy Goodman Partner 847.562.8500 jimmy@bouldergroup.com www.bouldergroup.com