single tenant net lease property for sale in Illinois

1. NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
ALCO (NASDAQ: ALCS)
17774 Mercantile Drive
Nashville, IL 62263

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

3. NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
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.
CONFIDENTIALITY & DISCLAIMER
CONFIDENTITALITY & DISCLAIMER

4. NET LEASED INVESTMENT OFFERING
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The Boulder Group is pleased to exclusively market for sale a single tenant net leased ALCO Stores, Inc. (“ALCO”) property
locatedinNashville,Illinois.Thepropertyisideallylocatedalongtheregion’sprimarynorth-souththoroughfareapproximately
two miles south of Interstate 64. This is a successful ALCO location as evidenced by the consistent percentage rent that
the retailer has paid over the past five years. ALCO is a publicly traded company on the NASDAQ (ALCS) and has been
operating since 1901. ALCO offers customers a wide variety of general merchandising products to consumers in smaller
communities with limited access to other regional or national full-line retail chains. Today, ALCO operates over 200 stores
in 23 states. There are approximately six years remaining on this absolute net lease.
The ALCO property is located along Illinois Route 127, a primary north-south thoroughfare in the region that experiences
traffic counts in excess of 10,000 vehicles per day. Illinois Route 127 is the roadway that connects residents of Nashville
to Interstate 64. Interstate 64 has direct access to St. Louis which is approximately 50 miles northwest of the property.
The ALCO benefits from a long standing operating history at this location and a strong brand recognition in the community.
This ALCO location has above average store sales and has paid consistent percentage rent for the past five years.
Additionally, this store has a rent-to-sales ratio significantly below five percent.
There are approximately six years remaining on this absolute net lease that expires in January 2020. The tenant has
paid consistent percentage rent over the past five years. The lease has four 5-year renewal options. ALCO Stores, Inc. is a
publicly traded company on the NASDAQ (ALCS) with over 200 locations in 23 states
INVESTMENT HIGHLIGHTS
• Publicly traded company on the NASDAQ (ALCS) with over 200 locations
• Absolute net lease with no landlord responsibilities
• Low rent-to-sales ratio (below 5%)*
• Tenant has paid consistent percentage rent for the past five years
• Median household incomes in the Nashville community are 26%
higher than the national median for nonmetropolitan areas
• Located along the region’s primary north-south thoroughfare
• Regional draw located two miles south of Interstate 64 and one mile
north of Nashville, Illinois
• Long standing operating history at this location
• Strong brand recognition in the community
• The closest Walmart is located over 21 miles away in Carlyle, Illinois
*Inclusive of percentage rent
EXECUTIVE SUMMARY
EXECUTIVE SUMMARY

5. NET LEASED INVESTMENT OFFERING
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Price: $917,500
Current Cap Rate: 9.25%
Net Operating Income: $84,868*
Renewal Options: Four 5-Year
Lease Commencement Date: January 28, 2000
Lease Expiration Date: January 27, 2020
Tenant: ALCO Stores, Inc. (NASDAQ: ALCS)
Year Built: 1997
Lease Type: NNN
Building Size: 21,216 SF
Land Size: 4.2 Acres
*Calculated as base rent of $66,660 plus 2013 percentage rent of $18,208.
PROPERTY OVERVIEW
PROPERTY OVERVIEW

6. NET LEASED INVESTMENT OFFERING
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SITE PLAN
SITE PLAN
N
MERCANTILE DRIVE
127

7. NET LEASED INVESTMENT OFFERING
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MAP
MAP

8. NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
ALCO Stores, Inc. is a retail chain headquartered in Coppell, Texas that operates 217 stores in 23 states
primarily in the Midwest. The company is publicly traded on the NASDAQ (ALCS). Since the late 1980’s, ALCO
has expanded throughout smaller communities with limited access to other regional or national full-line retail
chains. ALCO offers customers a wide variety of products at reasonable prices and specializes “in delivering those
products with the friendly, personal service found in the stores of yesteryear, but with the modern convenience
and product selection that today’s consumer expects”. ALCO has proven to be a winner year after year, as it
continues its steady growth throughout the central United States.
All ALCO locations offer quality merchandise in categories that include; apparel (men’s, women’s, kids),
automotive, food, crafts, domestics, electronics, gifts, hardware, health & beauty, housewares, jewelry, lawn
and garden, pet supplies, seasonal items, shoes & hosiery, sporting goods, stationary, toys.
Website: www.alcostores.com
Stock Symbol: NASDAQ: ALCS
Number of Locations: 217
State Locations: 23
Annual Sales: $475 million
Headquarters: Coppell, Texas
TENANT PROFILE
TENANT PROFILE

9. NET LEASED INVESTMENT OFFERING
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Population 5-mi 10-mi 15-mi
Total Population 4,254 8,055 17,879
Total Households 1,718 3,174 7,134
Income
Median Household Income $51,137 $53,231 $53,597
Average Household Income $60,667 $63,324 $63,061
DEMOGRAPHIC COMPARISON REPORT
DEMOGRAPHIC COMPARISON REPORT

10. NET LEASED INVESTMENT OFFERING
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Nashville, Illinois is a city in southern Illinois in Washington County. It is the county seat of
Washington County and as of the 2010 census, had a population of 3,258. Nashville is located
approximately 50 miles east of St. Louis, Missouri. Nashville is located just south of Interstate
64, which begins in Chesapeake, Virginia and goes to Wentzville, Missouri, where it merges
with Interstate 70.
While the area is surrounded by productive agricultural businesses and hardworking farmers,
Nashville is also home to over 100 local businesses. Nashville features a bustling historic retail, professional,
and service oriented downtown area, businesses with a close proximity to I-64, and employers that are local or
within a short drive.
Nashville is home to Nascote Industries, a supplier of injected molded and painted thermoplastic parts including
fascia, bumpers, door panels, fenders and other related automotive products. Nascote Industries is a subsidiary
of Magna International, a publicly traded company with a market capitalization in excess of $21 billion.
www.washingtonco.illinois.gov/city-of-nashville
www.nashvilleilchamber.com
LOCATION OVERVIEW
LOCATION OVERVIEW

11. NET LEASED INVESTMENT OFFERING
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CONTACT INFORMATION
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