Investment Highlights

LONG-TERM NET LEASE WITH STRONG CORPORATE GUARANTY
» 20-year initial term with ten five-year options
» Guaranteed by The Kroger Company (NYSE: “KG”), rated “BBB” by Standard & Poor’s
» Kroger is the largest supermarket chain by revenue in the United States

HIGH-TRAFFIC LOCATION IN DENSE RETAIL CORRIDOR
» Located just past the signalized intersection of Northwest Highway and Virginia Road, with excellent visibility and access to a combined traffic count of 55,100 vehicles per day
» Northwest Highway is Crystal Lake’s primary retail corridor, and the property is surrounded by major national tenants, including Target, Sam’s Club, Hobby Lobby, Walgreens, and many others

CENTRAL LOCATION IN AFFLUENT CHICAGO SUBURB WITH ROBUST DEMOGRAPHICS
» 128,935 residents with an average household income of $111,176 live within a five-mile radius, providing a large, affluent customer base
» Close proximity to several schools, including Crystal Lake Central High School (1,571 students), McHenry County College (8,500 students), and Crystal Lake South High School (1,916 students)
» Near popular recreational areas such as Three Oaks Recreation Area (80,000 visitors per year) and Lippold Park (over 30,000 visitors per year)

NEW GROCERY STORE WITH UNIQUE FORMAT
» High-quality construction scheduled to be completed in mid-2018
» New building, limiting near-term deferred maintenance or capital costs
» Mariano’s features a unique, upscale format that combines typical grocery staples with deluxe amenities, like a sushi bar, pizza oven, and made-to-order cooking

Property Description

SOLD

The property is located just past the signalized intersection of Northwest Highway and Virginia Road, with excellent visibility and access to a combined traffic count of 55,100 vehicles per day. Northwest Highway is Crystal Lake’s primary retail corridor, and the property is close to several large shopping centers and major national tenants. Across from the property is The Commons at Crystal Lake, a large retail center featuring Hobby Lobby, Jewel-Osco, Burlington Coat Factory, Harbor Freight Tools, and more. Other notable tenants located in the nearby area include Walgreens, CVS, Target, Kohl’s, Bed Bath & Beyond, AutoZone, The Fresh Market, Ross, Sam’s Club, Bank of America, and T.J. Maxx, amongst others.

The property is centrally located approximately one mile from downtown Crystal Lake. Several schools are near the property, including Crystal Lake Central High School (1,571 students), McHenry County College (8,500 students), and Crystal Lake South High School (1,916 students). A number of recreational areas—such as Three Oaks Recreation Center, which has approximately 80,000 visitors per year—are just minutes from the property. The surrounding area is also home to affluent residential neighborhoods, providing a strong customer base for Mariano’s; 128,935 residents with an average household income of $111,176 live within a five-mile radius.