NNN Property For Sale

NET LEASED INVESTMENT OFFERING

Representative Rendering

Burger King (Ground Lease)
630 Machesney Road
Machesney Park, IL 61115
(Rockford MSA)

Randy Blankstein | President
847.562.0003
rblank@bouldergroup.com

Jimmy Goodman |Partner
847.562.8500
jimmy@bouldergroup.com

www.bouldergroup.com

CONFIDENTIALITY & DISCLAIMER

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.

847.562.0003

847.562.8500


BURGER KING (GROUND LEASE)
MACHESNEY PARK, IL (ROCKFORD MSA)
NET LEASE OPPORTUNITY

BURGER KING (GROUND LEASE) - MACHESNEY PARK, IL (ROCKFORD MSA)
630 Machesney Road, Machesney Park, IL 61115

EXECUTIVE SUMMARY
The Boulder Group is pleased to exclusively market for sale a single tenant Burger King ground lease located in the Rockford MSA. Rockford
is the third largest city in Illinois and the largest city outside of the Chicago MSA.. The 1.34 acre property is located at a signalized
intersection along Rockford’s primary north-south thoroughfare. The newly signed Burger King ground lease has over 19 years remaining and
features 10% rental escalations every five years. The franchisee has successfully operated at this location since 1986.
The property is located at the signalized intersection of North 2nd Street and Machesney Road. North 2nd Street is the primary north-south
thoroughfare in Rockford and experiences traffic counts in excess of 20,000 vehicles per day. There are over 110,000 people living within 5
miles of the Burger King. Retailers located in the immediate vicinity include Associated Bank, Big Lots, Bergner’s, Burlington Coat Factory,
CVS, O’Reilly Auto Parts, and Family Dollar.
Burger King’s ground lease is for twenty years and expires August 30, 2033. The lease features 10% rental escalations every five years
throughout the primary term of the lease. This Burger King is operated by a franchisee who has operated at this location since 1986 and also
operates other Burger King locations. Burger King operates 13,000 restaurants in 79 countries and employs over 34,000 people.

847.562.0003

847.562.8500



Representative Rendering

PROPERTY OVERVIEW
Escalation Date

Price:

$880,000

Cap Rate:

6.25%

Average Cap Rate:

7.30%

Type:

Ground Lease

Renewal Options:

None

Building Size:

3,501 SF

Landlord Obligations:

None

Site Size:

1.34 Acres

Year Built:

1986

Lease Start Date:

September 1, 2013

Lease Expiration:

August 30, 2033

Rent Schedule:

847.562.0003

847.562.8500

$55,000
$60,500
$66,550
$73,205

9/1/2018
9/1/2023
9/1/2028



PROPERTY HIGHLIGHTS






Long term ground lease with over 19 years remaining
10% rental escalations every five years
Newly signed lease with no landlord responsibilities
Rockford is the largest city in Illinois outside of the Chicago
MSA
Tenant has successfully operated at this location since 1986






Building was recently renovated
Located along the primary north-south thoroughfare in Rockford
Located at the corner of a signalized intersection that experiences
traffic counts in excess of 25,000 vehicles per day
Other retailers in the immediate vicinity include Associated Bank,
Big Lots, Bergner’s, Burlington Coat Factory, CVS, O’Reilly Auto
Parts, and Family Dollar

DEMOGRAPHICS
1-MILE
Population:
Total Households
Avg. Household Income:

3-MILE

5-MILE

9,576
3,649
$50,667

46,539
18,574
$56,697

110,804
44,448
$63,563

847.562.0003

847.562.8500



TENANT OVERVIEW
Burger King (NYSE: BKW) is a global chain of hamburger fast food restaurants. At the end of fiscal
year 2012, Burger King operated over 7,400 locations in the United States and over 12,900
locations worldwide. Burger King primarily sells hamburgers, cheeseburgers, chicken, french fries
and is famous for their signature menu item, the Whopper. Burger King offers customers counter
service as well as drive-thru service. As an effort to enhance cash flow and strengthen
relationships with key franchisees, Burger King is working towards a 100% franchised business
model. In 2012, Burger King refranchised 871 restaurants worldwide bringing their total to 97%
franchised.

Website:
Number of Locations:

12,997

Stock Symbol:

BKW : NYSE

Market Capitalization:

847.562.0003

www.bk.com

$6.8 billion

847.562.8500



LOCATION OVERVIEW
Machesney Park is located in Winnebago County in the state of Illinois. The population at the
2010 census was 23,499. Machesney Park is located directly north of Rockford, Illinois. With the
addition of The Gateway, Machesney Park is becoming a major retail area for the surrounding
trade area. Machesney Park is within an hour’s drive of Chicago, Madison and Milwaukee and at
the crossroads of Interstates 90 & 39, Illinois State Highway 173 and US Highway 20.

Rockford is the third largest city in Illinois and is the primary city in the Rockford MSA. At the time
of the 2010 census Rockford had a population of 152,871 and the metropolitan area had a
population of 339,178. The largest employers in the MSA include the Rockford Public School
District, Rockford Health System, Swedish American Hospital, Wal-Mart Stores, OSF Saint
Anthony Medical Center, Hamilton Sundstrand and Chrysler.

847.562.0003

847.562.8500


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