This document summarizes a net leased investment offering for a Save-A-Lot grocery store property located in Chicago, Illinois. The property is newly renovated and tenanted by Save-A-Lot under a 10 year lease with renewal options. It is located in a dense urban area with significant traffic and near public transportation. Save-A-Lot is a large grocery chain that expects high sales at this location due to the surrounding population density and lack of other grocery options in the area.

1. NET LEASED INVESTMENT OFFERING
Representative Photo
Save-A-Lot
NEC of E. 63rd Street and Calumet Avenue
Chicago, IL
CONFIDENTIAL OFFERING MEMORANDUM
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2. TABLE OF CONTENTS
NET LEASED INVESTMENT OFFERING
TABLE OF CONTENTS
1) Confidentiality & Disclaimer
2) Executive Summary
3) Property Overview
4) Site Plan
5) Aerial
6) Maps
7) Tenant Profile
8) Demographic Comparison Report
9) Location Overview
10) Contact Information
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3. CONFIDENTIALITY & DISCLAIMER
NET LEASED INVESTMENT OFFERING
CONFIDENTIALITY & DISCLAIMER
The information contained in the following Marketing Brochure 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 Marketing Brochure 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, with respect to the income or expenses for the subject
property, the future projected financial performance of the property, the size and square footage of the property and
improvements, the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and
Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of
any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in
this Marketing Brochure 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.
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4. EXECUTIVE SUMMARY
NET LEASED INVESTMENT OFFERING
EXECUTIVE SUMMARY
The Boulder Group is pleased to exclusively offer for sale a Save-A-Lot grocery store property in the city of Chicago. The property
is tenanted by Save-A-Lot which recently signed a ten year lease in a newly rehabbed building. The property is located less than
seven miles south of Downtown Chicago in the Washington Park community. This infill area is one of the most dense and
heavily populated neighborhoods of Chicago with multiple barriers to entry. The property will benefit from over 27,000 vehicles
passing the site daily as well as significant pedestrian traffic. The property is located adjacent to a Chicago Transit Authority
“Green Line” Station which will allow residents of Washington Park and nearby neighborhoods convenient access to the
grocery. Save-A-Lot tenanted this building as it is located in a “food desert” and expects to have a high sales volume: Food
deserts are areas that lack access to affordable fruits, vegetables, whole grains, low-fat milk, and other foods that make up the
full range of a healthy diet.
The Washington Park neighborhood is an urban infill area with multiple attractions and amenities. The focal point of the area is
a 372 acre park where residents enjoy an abundance of activities. Washington Park is less than a quarter mile from both
Interstates I-90 and I-94 which provide steady traffic flow throughout the area. There are over 231,700 vehicles that travel
these interstates daily. Washington Park is located just west of The University of Chicago which has over 15,000 students. The
immediate area is home to national retailers such as Walgreens, AutoZone and McDonalds.
Save-A-Lot has a ten year lease with an expected rent commencement date of February 1, 2011 with increasing renewal
options. The rental rate will increase in each of the five year renewal periods. Save-A-Lot is a wholly owned subsidiary of
Supervalu which is the nation’s fourth largest food retailer. Moran Foods (see Tenant Profile section) is the operator of this
particular location and has been associated with Save-A-Lot since 1977. This is an ideal location for Save-A-Lot due to the
area’s population densities, the lack of fresh food options, and location across from the neighborhood’s elementary school.
Investment Highlights
Newly renovated grocery building to be completed
in early 2011
10 year lease with increasing renewal options
Corporately owned Save-A-Lot location
Save-A-Lot has over 1,200 locations with
significant growth plans
Located in a dense area of Chicago
Less than a quarter mile from two major
interstates
Directly adjacent to a Chicago Transit Authority
“Green Line” station
Dense in-fill area
High sales expected as property is located in an
area with limited grocery options Representative Photo
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5. PROPERTY OVERVIEW
NET LEASED INVESTMENT OFFERING
PROPERTY OVERVIEW
Price: $2,423,500
Cap Rate: 8.50%
Net Operating Income: $206,120
Renewal Options: Four 5-Year
Renewal Rent*: $224,410 – February 1, 2016
$238,700 – February 1, 2021
$254,990 – February 1, 2026
$254,990 – February 1, 2031
Lease Commencement Date*: February 1, 2011
Lease Expiration Date*: January 31, 2016
Tenant: Moran Foods, Inc. d/b/a Save-A-Lot
Year Built 2011 full rehab of existing building
Lease Type: NN
Building Square Footage: 16,290
Land Square Footage: 33,132
Parking Spaces: 34 stalls with additional street parking
*All dates are estimates and subject to change, as the improvements are currently under construction.
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6. SITE PLAN
NET LEASED INVESTMENT OFFERING
SITE PLAN
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7. AERIAL
NET LEASED INVESTMENT OFFERING
AERIAL
Dulles
Elementary School
I-90 / I-94
231,700 VPD
I-90
42,900 VPD
I-94
187,600 VPD
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8. MAPS
NET LEASED INVESTMENT OFFERING
MAPS
SITE
SITE
SITE
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9. TENANT PROFILE
NET LEASED INVESTMENT OFFERING
TENANT PROFILE
Save-A-Lot is a wholly owned subsidiary of SUPERVALU INC.,
(Fortune 100 company) and one of the largest companies in the
United States and the fourth largest food retailer. Save-A-Lot is
one of the nation's leading extreme value, carefully selected
assortment grocery chains, operating nearly 1,200 value-oriented
stores in all types of neighborhoods — urban, rural and suburban.
More than two-thirds of the stores are licensed; the rest are
company owned and operated. The subject property is a company
owned and operated location. Save-A-Lot grocery store network spans from Maine to California, serving more
than 4 million shoppers each week. In 2009, Save-A-Lot hired a former Wal-Mart executive to help the company
thrive in this economic time period. The company has a five-year plan to double the number of Save-A-Lot
locations, of which 75% are run by franchisees.
The company procures, distributes and markets a carefully selected assortment of high quality food and
household needs, emphasizing their own exclusive brands. The highly efficient supply chain enables Save-A-
Lot to sell at prices well below other retailers.
Save-a-Lot was founded in 1977 by Bill Moran and Chase Gabbard and was later acquired by Supervalu in
1992. Moran Foods, Inc. is the tenant for the subject asset and has been in the grocery business for over thirty
years. Despite being an independent retailer using the Save-A-Lot brand, they are an integral part of
Supervalu. Moran Foods has assets over $1 billion and sales that exceed $3 billion.
Website: www.save-a-lot.com
Number of Locations: 1,200
Company Origination: 1977
Store Operations: 39 states
Plans: Double locations in five years
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10. DEMOGRAPHIC COMPARISON REPORT
NET LEASED INVESTMENT OFFERING
DEMOGRAPHIC COMPARISON REPORT
Population 1-mile 3-mile 5-mile
2009 Total Population 34,337 339,938 760,504
2009 Total Households 12,582 127,121 267,645
2009 Daytime Population 31,991 269,542 599,075
Income
2009 Median Household Income $40,757 $50,949 $53,386
2009 Average Household Income $19,971 $29,775 $34,415
Representative Photo
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11. LOCATION OVERVIEW
NET LEASED INVESTMENT OFFERING
LOCATION OVERVIEW
The Washington Park neighborhood is one of Chicago’s (only 7 miles from the Loop) most well-defined community
areas. The neighborhoods central focus is the 372 acre park named Washington Park, stretching east-west from
Cottage Grove Avenue to the Dan Ryan Expressway, and north-south from 63rd Street to 51st, and is home of the
DuSable Museum of African American History. The park was the proposed site of the Olympic Stadium and the Olympic
Aquatics Center in Chicago's bid to host the 2016 Summer Olympics.
Including the park, the community area hosts two listings on the National Register of Historic Places. The park in this
community area was named for President George Washington in 1880. In the 1920s, the University of Chicago
created the community area system of city subdivision with the current names that continue to be used today.
Washington Park is a social center of the South Side and hosts many festivals in the summer, including Chicago's best
organized cricket league and the terminus of the Bud Billiken Parade and Picnic. The largest 16" softball league in
Chicago is played there on Sundays (called "Sunday's Best Softball League"). There are 34 teams who play on 13
diamonds. There is also a weekday evening league.
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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
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