NNN Property For Sale

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single tenant net lease property for sale in Illinois

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NNN Property For Sale

  1. 1. NET LEASED INVESTMENT OFFERING www.bouldergroup.com ALCO (NASDAQ: ALCS) 17774 Mercantile Drive Nashville, IL 62263
  2. 2. NET LEASED INVESTMENT OFFERING www.bouldergroup.com 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. 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. 4. NET LEASED INVESTMENT OFFERING www.bouldergroup.com 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. 5. NET LEASED INVESTMENT OFFERING www.bouldergroup.com 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. 6. NET LEASED INVESTMENT OFFERING www.bouldergroup.com SITE PLAN SITE PLAN N MERCANTILE DRIVE 127
  7. 7. NET LEASED INVESTMENT OFFERING www.bouldergroup.com MAP MAP
  8. 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. 9. NET LEASED INVESTMENT OFFERING www.bouldergroup.com 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. 10. NET LEASED INVESTMENT OFFERING www.bouldergroup.com 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. 11. NET LEASED INVESTMENT OFFERING www.bouldergroup.com 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

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