The Boulder Group is pleased to exclusively market for sale a single tenant Culver’s property located in an affluent area of the Chicago MSA.

1. CULVER’S
1430 East Algonquin Road, Schaumburg, IL 60173 (Chicago MSA)

2. TABLE OF CONTENTS
I. Executive Profile
Executive Summary
Investment Highlights
Property Overview
II. Location Overview
Photographs
Aerial
Site Plan
Maps
III. Market & Tenant Overview
Demographic Report
Market Overview
Tenant Overview
TABLE OF CONTENTS
NET LEASE INVESTMENT OFFERING

3. 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.
DISCLAIMER
STATEMENT:
DISCLAIMER STATEMENT
NET LEASE INVESTMENT OFFERING

4. NET LEASE INVESTMENT OFFERING
EXECUTIVE
SUMMARY:
The Boulder Group is pleased to exclusively market for sale a single tenant Culver’s property located in an affluent area of
the Chicago MSA. The property is located just off of a heavily trafficked signalized intersection near several large corporate
campuses. Culver’s has successfully operated at this location since 2006 and recently signed a new lease. Culver’s lease
has over 15 years remaining and expires on December 23, 2030. The lease features annual rental escalations of 1.75%
and two 10-year renewal option periods. Culver’s is a privately owned and operated fast food restaurant chain with over 500
locations in 22 states. The Culver’s franchise program is tremendously successful and has only had one failed franchisee
in 30 years of operation.
The 49,919 square foot Culver’s property is positioned as an outparcel to an Aldi anchored shopping center. The property
is benefited by its location within a strong regional retail trade area that features IKEA, Costco, and the Woodfield Mall.
The Woodfield Mall is 2.1 million square feet and attracts over 27 million visitors annually. The mall is anchored by Apple,
Nordstrom, Lord & Taylor, and Macy’s. Further contributing to the strength of the Culver’s property is its proximity to several
large corporate campus’ including Motorola’s, which employees over 3,500 people. Zurich Insurance Group is relocating
their North American Headquarters to a 40-acre site that is located approximately one-half mile south of the property.
Additionally, the Culver’s property is located in the immediate proximity to several large hotels including the Renaissance
Convention Center, Embassy Suites, Hyatt, Hyatt Place & Residence Inn.
The 4,500 square foot Culver’s building is located just off of the signalized intersection of East Algonquin Road and North
Meacham Road. This heavily traffic signalized intersection experiences traffic volumes in excess of 65,000 vehicles per day.
Further contributing the strength of the Culver’s is its proximity to Interstate 290 which is located approximately one mile
east of the property. Interstate 290 experiences traffic counts in excess of 178,000 vehicles per day. The property will greatly
benefit from a new Meacham Road and Interstate 90 interchange which is being constructed approximately one-half mile
south of the Culver’s. Interstate 90 experiences traffic counts in excess of 157,000 vehicles per day. The surrounding area is
affluent with over 81,000 people living within a three mile radius of the property earning average annual household incomes
in excess of $95,000.
EXECUTIVE SUMMARY

5. NET LEASE INVESTMENT OFFERING
INVESTMENT
HIGHLIGHTS:
• Located within the Chicago MSA
• Culver’s is committed to this location as evidenced by the new 15 year lease that was recently signed
• 1.75% annual rental escalations throughout the primary term & renewal option periods
• The Culver’s franchise system is tremendously successful as evidenced by only one failed franchisee in thirty
years of operation
• Strong regional retail trade area that includes IKEA, Costco and the Woodfield Mall which is anchored by Apple,
Nordstrom, Lord & Taylor, and Macy’s
• Affluent area with over 81,000 people living within a three mile radius of the property earning average annual
household incomes in excess of $95,000
• Across the street from a Motorola campus that employs over 3,500 people and Zurich Insurance Group’s new
40-acre North American Headquarters which is currently under construction
• Immediate proximity to several large hotels including the Renaissance Convention Center, Embassy Suites,
Hyatt, Hyatt Place & Residence Inn
• Positioned just off of the heavily trafficked signalized intersection of East Algonquin Road and North Meacham
Road which experiences traffic counts in excess of 65,000 vehicles per day
• Approximately one mile west from access to Interstate 290 which experiences traffic counts in excess of 178,000
• Outparcel to an Aldi anchored retail center
• Over 282,000 people within five miles of the property earning average annual household incomes in excess of
$97,000
• A new Interstate 90 (157,000 VPD) and Meacham Road interchange is being constructed one-half mile south of
the property
INVESTMENT HIGHLIGHTS

6. NET LEASE INVESTMENT OFFERING
PROPERTY
OVERVIEW:
PROPERTY OVERVIEW
Price: $2,153,846
Cap Rate: 6.49%
Net Operating Income: $139,750*
Rental Escalations: 1.75% Annually
Renewal Options: Two 10-Year With 1.75% Annual Rental Escalations
Lease Expiration Date: December 23, 2030
Tenant: Culver’s
Guarantor: Franchisee (3-Units)
Year Built: 2006
Lease Type: NN (Roof & Structure)
Building Size: 4,500 SF
Land Size: 49,919 SF
*$1,750 of the NOI is derived from an Administrative Fee.

7. NET LEASE INVESTMENT OFFERING
PHOTOGRAPHS

8. NET LEASE INVESTMENT OFFERING
AERIAL
(178,000 VPD)
(157,000VPD)
N M E A C H A M R O A D ( 2 5 , 0 0 0 V P D )
E
ALGONQUIN
ROAD
(40,000
VPD)
FUTURE RAMP UNDER
CONSTRUCTION

9. NET LEASE INVESTMENT OFFERING
SITE PLAN
E ALGONQUIN ROAD (40,000 VPD)
SMEACHAMROAD(25,000VPD)
THORNTREELANE

10. NET LEASE INVESTMENT OFFERING
MAPS

11. NET LEASE INVESTMENT OFFERING
MAPS
LAKE
MICHIGAN

12. NET LEASE INVESTMENT OFFERING
Population 1-Mile 3-Mile 5-Mile
Total Population 10,319 81,751 282,655
Total Households 4,340 32,799 111,844
Income 1-Mile 3-Mile 5-Mile
Median Household Income $57,463 $72,842 $75,388
Average Household Income $81,697 $95,863 $97,407
DEMOGRAPHIC
REPORT:
DEMOGRAPHIC REPORT

13. NET LEASE INVESTMENT OFFERING
Schaumburg is a city located in Cook County in northeastern Illinois. Schaumburg is located roughly 28 miles
northwest of the Chicago Loop and approximately 10 miles northwest of O’Hare International Airport. As of the 2010
census, the city had a total population of 74,227.
Schaumburg is home to the world headquarters of Motorola Solutions and one of only two IKEA stores in Illinois. Additionally
located in Schaumburg is the Woodfield Mall, the largest mall in Illinois and attracts over 27 million visitors annually. The area
will benefit from the new 40 acre corporate campus of Zurich North America which is currently under construction. The property
is located south of the Motorola Solutions campus and approximately one-half mile south of the Culver’s.
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. The Chicago MSA is 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 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 volume.
The metro is 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.
MARKET
OVERVIEW:
MARKET OVERVIEW

14. NET LEASE INVESTMENT OFFERING
Culver’s is a privately owned and operated fast casual restaurant chain that operates primarily in the Midwest. The
first Culver’s opened in 1984 in Sauk City, Wisconsin. Today, there are over 500 Culver’s locations in 22 states.
Culver’s menu features Culver’s trademark ButterBurgers and frozen custard, which is also sold in bulk. The menu
also includes pork and fish, fried chicken, veggie burgers, salads, and sundaes. The menu is divided into seven
sections: sandwiches, sides, drinks, kids meals, dinners, salads, and desserts. Items are made to order and are
served at table-side. Culver’s also sells its own brand of root beer.
According to a survey by the Franchisee Business Review, Culver’s was ranked number one in franchisee
satisfaction by more than 4,300 restaurant franchisees in the United States and Canada. The Culver’s franchise
program is tremendously successful and has only had one failed franchisee in 30 years of operation.
The franchisee and guarantor of this Culver’s location is a 3-unit operator.
Website: www.culvers.com
Locations: 500+
States: 22
Year Founded: 1984
Headquarters: Prairie du Sac, Wisconsin
TENANT OVERVIEW
TENANT
OVERVIEW:

15. 666 Dundee Road, Suite 1801
Northbrook, IL 60062
www.bouldergroup.com
Randy Blankstein
President
847.562.0003
randy@bouldergroup.com
Jimmy Goodman
Partner
847.562.8500
jimmy@bouldergroup.com