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SVN | Chicago Commercial | 940 West Adams Street, Suite 200, Chicago, IL 60607 OFFERING MEMORANDUM
620-640 EBOUGHTON ROADBOLINGBROOK, IL 60440
Nicholas ManganaisVice [email protected]
620-640 E BOUGHTON ROAD, BOLINGBROOK, IL 60440 SVN | Chicago Commercial | Page 2
The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be usedfor any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent ofthe SVN® Advisor or Property Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property.
The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed in this proposal, and no other person isauthorized by the Owner to provide any information or to make any representations other than contained in this Offering Brochure. If the person receivingthese materials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor.
Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the informationcontained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property. ThisOffering Brochure may include certain statements and estimates with respect to the Property. These Assumptions may or may not be proven to be correct,and there can be no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and all liability for representationsor warranties, expressed or implied, contained in or omitted from this Offering Brochure, or any other written or oral communication transmitted or madeavailable to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fullyexecuted and delivered Real Estate Purchase Agreement between it and Owner.
The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the SVN Advisor nor anyof their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this OfferingBrochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property.
This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, toreject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with anyentity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the OfferingBrochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on termsacceptable to Owner, in Owner’s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing andagreed to release the Owner and the SVN Advisor from any liability with respect thereto.
To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any suchcorrespondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospectivepurchaser proceeds at its own risk.
Disclaimer
OFFERING MEMORANDUMSVN | Chicago Commercial | 940 West Adams Street, Suite 200, Chicago, IL 60607
PROPERTY INFORMATION 4Property DescriptionComplete HighlightsAdditional PhotosALta Survey
LOCATION INFORMATION 9Regional MapLocation MapsRetail MapSite Plan
FINANCIAL ANALYSIS 14Financial Overview
SALE COMPARABLES 16Sale CompsSale Comps SummarySale Comps Map
DEMOGRAPHICS 21Demographics ReportDemographics MapTraffic Count
620-640 E Boughton Road | Bolingbrook, IL 60440
620-640 E BOUGHTON ROADFOR SALE | LAND
All SVN® Offices Independently Owned and OperatedThe information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
1 PROPERTY INFORMATION11 PROPERTY
INFORMATION620-640 E Boughton Road
Bolingbrook, IL 60440
620-640 E BOUGHTON ROAD BOLINGBROOK, IL 60440 SVN | Chicago Commercial | Page 4
620-640 E BOUGHTON ROAD, BOLINGBROOK, IL 60440 SVN | Chicago Commercial | Page 5
SVN | Commercial Chicago is pleased to present the exclusively listed last considerably sized land tractremaining for development at the Interstate 355 and Boughton Road corridor interchange. The subjectproperty is a +/- 7.59 acre vacant land site that is located at the lighted intersection on the northwestcorner of Boughton Road and Feather Sound Drive in the city of Bolingbrook, Illinois in Will County.The property wraps around the existing West Suburban Bank site and has access from both BoughtonRoad and Feather Sound Drive. The land is surrounded by major retail developments including ThePromenade of Bolingbrook, which is anchored by Macy’s and Bass Pro, and numerous single tenantapparel stores and restaurants across the street. Adjacent to The Promenade is a Super Meijer GroceryStore with 25,000 square feet of fully leased outlot retail space. Across the street from Meijer is anIKEA-anchored development along with Pet Land,Bed Bath & Beyond, Staples and other inline retailstores. Just east of the Interstate 355 and Boughton Road interchange is the newly constructed CostcoStore.The site has a present zoning of R-3, but the village of Bolingbrook will see the site developed asB-2. The site also contains an existing +/- 3.0 acre pond area which cannot be built on.This site should attract developers looking to place retail tenants not presently in the area, due toextremely high retail traffic of 41,200 vehicles per day, and great visibility and easy access from BoughtonRoad and the lighted intersection at Feather Sound Drive.
PROPERPROPERTTY OY OVERVERVIEWVIEW
The property is located at the northwest corner of the lighted intersection of Boughton Road and FeatherSound Drive in The City of Bolingbrook, Illinois, Will County. Boughton Road is a heavily traveled East-Westcorridor (41,200 VPD) especially at the I-355 interchange.
LLOCOCAATION OTION OVERVERVIEWVIEW
Property Description
SSALE HIGHLIGHTSALE HIGHLIGHTS
• Property Features 397 Feet Along Boughton Road and Trafic Countof 41,200 VPD
• Easy Access to Property From Highly Traveled I-355
• Wraps Around Existing Bank on the Northwest Corner of BoughtonRoad and Feather Sound Drive which is a lighted intersection
• Major Retail Developments Deliver Heavy Traffic Flow Past This Site
• The Promenade Mall (750,000 sq.ft.) is directly across the street thatfeatures Macy's, Bass Pro along with super Meijer grocery store
• Just east of the site is the IKEA and Costco Stores and other retailstores
620-640 E BOUGHTON ROAD, BOLINGBROOK, IL 60440 SVN | Chicago Commercial | Page 6
Complete Highlights
620-640 E Boughton Road | Bolingbrook, IL 60440
620-640 E BOUGHTON ROADFOR SALE | LAND
All SVN® Offices Independently Owned and OperatedThe information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
2 LOCATION INFORMATION22 LOCATION
INFORMATION620-640 E Boughton Road
Bolingbrook, IL 60440
620-640 E BOUGHTON ROAD BOLINGBROOK, IL 60440 SVN | Chicago Commercial | Page 9
620-640 E Boughton Road | Bolingbrook, IL 60440
620-640 E BOUGHTON ROADFOR SALE | LAND
All SVN® Offices Independently Owned and OperatedThe information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
3 FINANCIAL ANALYSIS33 FINANCIAL
ANALYSIS620-640 E Boughton Road
Bolingbrook, IL 60440
620-640 E BOUGHTON ROAD BOLINGBROOK, IL 60440 SVN | Chicago Commercial | Page 14
620-640 E BOUGHTON ROAD, BOLINGBROOK, IL 60440 SVN | Chicago Commercial | Page 15
Financial Overview
620-640 E Boughton Road | Bolingbrook, IL 60440
620-640 E BOUGHTON ROADFOR SALE | LAND
All SVN® Offices Independently Owned and OperatedThe information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
4 SALE COMPARABLES44 SALE
COMPARABLES620-640 E Boughton Road
Bolingbrook, IL 60440
620-640 E BOUGHTON ROAD BOLINGBROOK, IL 60440 SVN | Chicago Commercial | Page 16
SUBJESUBJECT PROPERCT PROPERTTYY
620-640 E Boughton Road | Bolingbrook, IL 60440
$3,300,000Sale Price: 7.59 ACLot Size: $9.98Price PSF:
$434,783Price / AC:
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RETRETAIL LANDAIL LAND
370 N. Weber Rd. | Bolingbrook, IL 60440
$2,550,000Sale Price: 5.78 ACLot Size: $10.13Price PSF:
$441,176Price / AC: 05/01/2017Closed:
5.78 acre Land Site at Weber and Boughton Rd.
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LLOOT 2 LILT 2 LILY CY CAACHE BUSINESS PCHE BUSINESS PARKARK
Lily Cache Lane | Bolingbrook, IL 60440
$1,130,000Sale Price: 3.19 ACLot Size: $8.13Price PSF:
$354,231Price / AC: 10/12/2016Closed:
3.19 vacant land site , bought to be development.
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620-640 E BOUGHTON ROAD, BOLINGBROOK, IL 60440 SVN | Chicago Commercial | Page 17
Sale Comps
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WW. NOR. NORTH FRONTTH FRONTAAGE ROGE ROAD AND SCHMIDAD AND SCHMIDT ROT ROADAD
Bolinbrook, IL 60440
$2,225,000Sale Price: 5.64 ACLot Size: $9.06Price PSF:
$394,503Price / AC: 01/20/2016Closed:
5.64 acre vacant land site with B-2 zoning.
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JANES AJANES AVE & FVE & FALALCCON RIDGE PON RIDGE PARKWARKWAAYY
Bolinbrook, IL 60440
$2,750,000Sale Price: 11.38 ACLot Size: $5.55Price PSF:
$241,652Price / AC: 08/30/2016Closed:
11.38 acre vacant land site that was auctioned off. Originally planned as a Target development site.
44
620-640 E BOUGHTON ROAD, BOLINGBROOK, IL 60440 SVN | Chicago Commercial | Page 18
Sale Comps
620-640 E BOUGHTON ROAD, BOLINGBROOK, IL 60440 SVN | Chicago Commercial | Page 19
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SUBJESUBJECT PROPERCT PROPERTTYY PRICEPRICE LLOOT SIZET SIZE PRICE/SFPRICE/SF PRICE/APRICE/ACC CCAPAP
620-640 E Bough620-640 E Boughtton Ron RoadoadBolingbrook, IL60440
$3,300,000 7.59 AC $9.98 $434,783 -
SSALE CALE COMPSOMPS PRICEPRICE LLOOT SIZET SIZE PRICE/SFPRICE/SF PRICE/APRICE/ACC CCAPAP
RReetail Latail Landnd370 N. Weber Rd.Bolingbrook, IL 60440
$2,550,000 5.78 AC $10.13 $441,176 -
LLoot 2 Lily Cache Business Pt 2 Lily Cache Business PaarkrkLily Cache LaneBolingbrook, IL 60440
$1,130,000 3.19 AC $8.13 $354,231 -
WW. N. Nororth Fth Frronontage Rtage Road aoad andndSchmidt RSchmidt RoadoadBolinbrook, IL60440
$2,225,000 5.64 AC $9.06 $394,503 -
JJaanes Anes Avve & Fe & Falcalcon ridge Pon ridge PaarkwrkwaayyBolinbrook, IL60440
$2,750,000 11.38 AC $5.55 $241,652 -
PRICEPRICE LLOOT SIZET SIZE PRICE/SFPRICE/SF PRICE/APRICE/ACC CCAPAP
TTootals/Atals/Avvereragesages $2,$2,163,163,750750 6.5 A6.5 ACC $7$7..6464 $332,884$332,884 --
Sale Comps Summary
620-640 E Boughton Road | Bolingbrook, IL 60440SUBJESUBJECT PROPERCT PROPERTTYY
11 370 N. Weber Rd.Bolingbrook, IL 60440
RETRETAIL LANDAIL LAND22 Lily Cache Lane
Bolingbrook, IL 60440
LLOOT 2 LILT 2 LILY CY CAACHE BUSINESS PCHE BUSINESS PARKARK33
Bolinbrook, IL60440
WW. NOR. NORTH FRONTTH FRONTAAGE ROGE ROAD ANDAD ANDSCHMIDSCHMIDT ROT ROADAD 44
Bolinbrook, IL60440
JANES AJANES AVE & FVE & FALALCCON RIDGEON RIDGEPPARKWARKWAAYY
620-640 E BOUGHTON ROAD, BOLINGBROOK, IL 60440 SVN | Chicago Commercial | Page 20
Sale Comps Map
620-640 E Boughton Road | Bolingbrook, IL 60440
620-640 E BOUGHTON ROADFOR SALE | LAND
All SVN® Offices Independently Owned and OperatedThe information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
5 DEMOGRAPHICS55
DEMOGRAPHICS620-640 E Boughton Road
Bolingbrook, IL 60440
620-640 E BOUGHTON ROAD BOLINGBROOK, IL 60440 SVN | Chicago Commercial | Page 21
1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILES
Total population 14,506 89,551 223,638
Median age 32.8 34.2 35.8
Median age (male) 32.0 32.9 34.7
Median age (female) 33.4 35.3 36.6
Total households 4,409 27,914 74,437
Total persons per HH 3.3 3.2 3.0
Average HH income $90,606 $97,569 $103,802
Average house value $339,586 $337,284 $354,455
* Demographic data derived from 2010 US Census
620-640 E BOUGHTON ROAD, BOLINGBROOK, IL 60440 SVN | Chicago Commercial | Page 22
Demographics Report
POPULAPOPULATIONTION 1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILES
Total population 14,506 89,551 223,638
Median age 32.8 34.2 35.8
Median age (male) 32.0 32.9 34.7
Median age (Female) 33.4 35.3 36.6
HOUSEHOLDS & INCHOUSEHOLDS & INCOMEOME 1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILES
Total households 4,409 27,914 74,437
# of persons per HH 3.3 3.2 3.0
Average HH income $90,606 $97,569 $103,802
Average house value $339,586 $337,284 $354,455
* Demographic data derived from 2010 US Census
Demographics Map
620-640 E BOUGHTON ROAD, BOLINGBROOK, IL 60440 SVN | Chicago Commercial | Page 23