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NET LEASED INVESTMENT OFFERING




            KinderCare
      790 North Lake Street
Grayslake, IL 60030 (Chicago MSA)




         www.bouldergroup.com
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)    Map
7)    Tenant Profile
8)    Demographic Comparison Report
9)    Location Overview
10)   Contact Information




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




                                   CONFIDENTIALITY
                                   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
EXECUTIVE SUMMARY
                                                   NET LEASED INVESTMENT OFFERING




                                               EXECUTIVE SUMMARY

The Boulder Group is pleased to exclusively market for sale a single tenant net leased KinderCare property located in the
Chicago MSA. This is a proven location for KinderCare since 1999 as evidenced by the recent renewal and extension of the
existing lease. Additionally, the parking lot was recently resealed in July 2012. The lease is corporately guaranteed by
KinderCare, the largest for-profit childcare provider in the country with 1,900 locations nationwide. The 6,952 square foot
property was built in 1999 and has seven years of lease term remaining.

The property is located along Washington Street, a primary east-west thoroughfare, which experiences traffic volumes in
excess of 16,000 vehicles per day. The property is positioned on a hard corner of a signalized intersection creating
constant traffic flow at the site. Additionally, the property is benefited by its location in a dense residential area near
multiple large subdivisions and apartment communities. There are approximately 150,000 people living within five miles
of the property with above average household incomes in excess of $100,000 annually.

The original fifteen year lease term began in 1999 and KinderCare recently exercised their first option, which renewed the
lease term through April 2019. The lease features escalating rents in each of the three remaining option periods.
KinderCare is a privately owned company with over 1,900 locations across the United States. KinderCare is the largest for
profit childcare provider in the county.


INVESTMENT HIGHLIGHTS
•   Located within the Chicago MSA

•   Tenant recently exercised their first option to extend the lease term

•   Approximately 150,000 people living within five miles of the
    property

•   Average household income in excess of $100,000 within five miles
    of the property

•   Parking lot was recently resealed in July 2012

•   KinderCare is the largest for-profit child care provider in the country

•   Located within one-half mile of a Metra Transportation Station

•   Corporately guaranteed lease by KinderCare




                                                   www.bouldergroup.com
PROPERTY OVERVIEW
                              NET LEASED INVESTMENT OFFERING




                             PROPERTY OVERVIEW



Price:                              $1,490,000

Cap Rate:                           9.07%

Net Operating Income:               $135,152*

Renewal Options:                    Three 5-Year with rental escalations (Lesser of CPI or 10%)

Lease Commencement Date:            June 7, 1999

Lease Expiration Date:              April 30, 2019

Year Built:                         1999

Tenant:                             KinderCare

Lease Type:                         NN

Rentable Square Feet:               6,952

Land Size:                          1.05 acres



*Seller to escrow three months of rent at closing due to rental abatements in May 2013,
May 2014 and June 2014.




                               www.bouldergroup.com
AERIAL
NET LEASED INVESTMENT OFFERING




     AERIAL




www.bouldergroup.com
SITE PLAN
NET LEASED INVESTMENT OFFERING




     SITE PLAN




www.bouldergroup.com
MAP
NET LEASED INVESTMENT OFFERING




        MAP




www.bouldergroup.com
TENANT PROFILE
                                           NET LEASED INVESTMENT OFFERING




                                             TENANT PROFILE

KinderCare Learning Center was founded in 1969 and is an American operator of for-profit child care facilities. The
company provides educational programs for children ages six weeks to twelve years old. Some 200,000 children are
enrolled in more than 1,900 early childhood education community centers, 656 before-and-after school programs,
and 123 employer-sponsored centers in 39 states. KinderCare was acquired in 2005 by the Knowledge Learning
Corporation, a privately held education service firm. The deal was valued at over $1 billion and made Knowledge
Learning Center the nation’s largest private child care and education provider. KinderCare is accredited by The
National Association for the Education of Young Children (NAEYC).




Website:                       www.kindercare.com
Number of Locations:           1,900
Employees:                     33,000




                                            www.bouldergroup.com
DEMOGRAPHIC COMPARISON REPORT
                           NET LEASED INVESTMENT OFFERING




                    DEMOGRAPHIC COMPARISON REPORT



                             1-mi.                3-mi        5-mi
Population

Total Population            12,818             67,140       149,057
Total Households            4,286              21,726        49,201

Income

Median Household Income    $99,143             $80,775      $83,373
Average Household Income   $113,289            $93,099      $100,249




                           www.bouldergroup.com
LOCATION OVERVIEW
                                             NET LEASED INVESTMENT OFFERING




                                            LOCATION OVERVIEW

                            Grayslake is located within Lake County, Illinois. At the time of the 2010 U.S. Census
                            Grayslake had a population of 20,957. Lake County is located in the northeastern corner
                            of Illinois and according to the 2010 census; Lake County had a population of 703,462.

                            Grayslake is located midway between the Chicago and Milwaukee metropolitan areas
                                yslake
                            and approximately 40 minutes from O'Hare International Airport. Additionally, there are
                            multiple Metra commuter rail lines which provide daily commuter service to Union Station
                            in downtown Chicago. Grayslake is home to the College of Lake County, the University
                             n
                            Center of Lake County and the Lake County Fairgrounds. The Grayslake community is
                            served by three excellent public school districts, parochial and private schools, and a
                            charter school dedicated to providing quality education to Grayslake community.
                               arter


The Grayslake community is within a fifteen mile radius of four excellent hospitals which offer skilled specialists and
the best technology available. Condell Medical Center, Lake Forest Hospital, St. Therese Hospital, Victory Memorial
Hospital and several of their satellite facilities in the Grayslake area provide care for the community.

www.villageofgrayslake.com/




                            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. Th Chicago MSA is the
                                                                                                  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 compa     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.
                                                                                        of

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.

www.cityofchicago.com




                                              www.bouldergroup.com
CONTACT INFORMATION
                   NET LEASED INVESTMENT OFFERING




                 CONTACT INFORMATION




                666 Dundee Road Suite 1801
                    Northbrook, IL 60062



Randy Blankstein                 Jimmy Goodman
President                        Partner
847.562.0003                     847.562.8500
rblank@bouldergroup.com          jimmy@bouldergroup.com




                    www.bouldergroup.com

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Net Lease Kindercare

  • 1. NET LEASED INVESTMENT OFFERING KinderCare 790 North Lake Street Grayslake, IL 60030 (Chicago 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) Map 7) Tenant Profile 8) Demographic Comparison Report 9) Location Overview 10) Contact Information www.bouldergroup.com
  • 3. CONFIDENTIALITY & DISCLAIMER NET LEASED INVESTMENT OFFERING CONFIDENTIALITY 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 net leased KinderCare property located in the Chicago MSA. This is a proven location for KinderCare since 1999 as evidenced by the recent renewal and extension of the existing lease. Additionally, the parking lot was recently resealed in July 2012. The lease is corporately guaranteed by KinderCare, the largest for-profit childcare provider in the country with 1,900 locations nationwide. The 6,952 square foot property was built in 1999 and has seven years of lease term remaining. The property is located along Washington Street, a primary east-west thoroughfare, which experiences traffic volumes in excess of 16,000 vehicles per day. The property is positioned on a hard corner of a signalized intersection creating constant traffic flow at the site. Additionally, the property is benefited by its location in a dense residential area near multiple large subdivisions and apartment communities. There are approximately 150,000 people living within five miles of the property with above average household incomes in excess of $100,000 annually. The original fifteen year lease term began in 1999 and KinderCare recently exercised their first option, which renewed the lease term through April 2019. The lease features escalating rents in each of the three remaining option periods. KinderCare is a privately owned company with over 1,900 locations across the United States. KinderCare is the largest for profit childcare provider in the county. INVESTMENT HIGHLIGHTS • Located within the Chicago MSA • Tenant recently exercised their first option to extend the lease term • Approximately 150,000 people living within five miles of the property • Average household income in excess of $100,000 within five miles of the property • Parking lot was recently resealed in July 2012 • KinderCare is the largest for-profit child care provider in the country • Located within one-half mile of a Metra Transportation Station • Corporately guaranteed lease by KinderCare www.bouldergroup.com
  • 5. PROPERTY OVERVIEW NET LEASED INVESTMENT OFFERING PROPERTY OVERVIEW Price: $1,490,000 Cap Rate: 9.07% Net Operating Income: $135,152* Renewal Options: Three 5-Year with rental escalations (Lesser of CPI or 10%) Lease Commencement Date: June 7, 1999 Lease Expiration Date: April 30, 2019 Year Built: 1999 Tenant: KinderCare Lease Type: NN Rentable Square Feet: 6,952 Land Size: 1.05 acres *Seller to escrow three months of rent at closing due to rental abatements in May 2013, May 2014 and June 2014. www.bouldergroup.com
  • 6. AERIAL NET LEASED INVESTMENT OFFERING AERIAL www.bouldergroup.com
  • 7. SITE PLAN NET LEASED INVESTMENT OFFERING SITE PLAN www.bouldergroup.com
  • 8. MAP NET LEASED INVESTMENT OFFERING MAP www.bouldergroup.com
  • 9. TENANT PROFILE NET LEASED INVESTMENT OFFERING TENANT PROFILE KinderCare Learning Center was founded in 1969 and is an American operator of for-profit child care facilities. The company provides educational programs for children ages six weeks to twelve years old. Some 200,000 children are enrolled in more than 1,900 early childhood education community centers, 656 before-and-after school programs, and 123 employer-sponsored centers in 39 states. KinderCare was acquired in 2005 by the Knowledge Learning Corporation, a privately held education service firm. The deal was valued at over $1 billion and made Knowledge Learning Center the nation’s largest private child care and education provider. KinderCare is accredited by The National Association for the Education of Young Children (NAEYC). Website: www.kindercare.com Number of Locations: 1,900 Employees: 33,000 www.bouldergroup.com
  • 10. DEMOGRAPHIC COMPARISON REPORT NET LEASED INVESTMENT OFFERING DEMOGRAPHIC COMPARISON REPORT 1-mi. 3-mi 5-mi Population Total Population 12,818 67,140 149,057 Total Households 4,286 21,726 49,201 Income Median Household Income $99,143 $80,775 $83,373 Average Household Income $113,289 $93,099 $100,249 www.bouldergroup.com
  • 11. LOCATION OVERVIEW NET LEASED INVESTMENT OFFERING LOCATION OVERVIEW Grayslake is located within Lake County, Illinois. At the time of the 2010 U.S. Census Grayslake had a population of 20,957. Lake County is located in the northeastern corner of Illinois and according to the 2010 census; Lake County had a population of 703,462. Grayslake is located midway between the Chicago and Milwaukee metropolitan areas yslake and approximately 40 minutes from O'Hare International Airport. Additionally, there are multiple Metra commuter rail lines which provide daily commuter service to Union Station in downtown Chicago. Grayslake is home to the College of Lake County, the University n Center of Lake County and the Lake County Fairgrounds. The Grayslake community is served by three excellent public school districts, parochial and private schools, and a charter school dedicated to providing quality education to Grayslake community. arter The Grayslake community is within a fifteen mile radius of four excellent hospitals which offer skilled specialists and the best technology available. Condell Medical Center, Lake Forest Hospital, St. Therese Hospital, Victory Memorial Hospital and several of their satellite facilities in the Grayslake area provide care for the community. www.villageofgrayslake.com/ 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. Th Chicago MSA is the 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 compa 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. of 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. www.cityofchicago.com www.bouldergroup.com
  • 12. CONTACT INFORMATION NET LEASED INVESTMENT OFFERING CONTACT INFORMATION 666 Dundee Road Suite 1801 Northbrook, IL 60062 Randy Blankstein Jimmy Goodman President Partner 847.562.0003 847.562.8500 rblank@bouldergroup.com jimmy@bouldergroup.com www.bouldergroup.com