TEXAS ROADHOUSE (Chicago MSA) 2856 Patriot's Lane Naperville, IL 60563 - NET LEASE INVESTMENT OFFERING - The Boulder Group
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NET LEASE INVESTMENT OFFERING TEXAS ROADHOUSE (Chicago MSA) 2856 Patriot’s Lane Naperville, IL 60563
TABLE OF CONTENTS
TABLE OF CONTENTS
I. Executive Profile II. Location Overview III. Market & Tenant Overview
Executive Summary Photographs Demographic Report
Investment Highlights Aerial Market Overview
Property Overview Site Plan Tenant Overview
Maps
NET LEASE INVESTMENT OFFERING
DISCLAIMER STATEMENT
DISCLAIMER The information contained in the following Offering Memorandum is proprietary and strictly confidential.
STATEMENT: 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.
NET LEASE INVESTMENT OFFERING
EXECUTIVE SUMMARY
EXECUTIVE The Boulder Group is pleased to exclusively market for sale a single tenant net leased Texas Roadhouse Restaurant
SUMMARY: located in Naperville, Illinois. The property is strategically located along the primary retail corridor in the area.
There are three years remaining on the triple net lease which features 10% rental escalations in the three 5-year
renewal option periods. Texas Roadhouse is committed to the location ad evidenced by their execution of their first
renewal option period. Texas Roadhouse is a growing restaurant company operating in the casual dining segment.
The company operates over 485 restaurants in 49 states and 4 foreign countries. Texas Roadhouse is a publicly
traded company (NASDAQ: TXRH) with a market capitalization in excess of $4 billion.
The 7,193 square foot property is located within an affluent area, less than 30 miles west of downtown Chicago.
The restaurant is strategically positioned off of the signalized intersection of Route 59 and Aurora Road, two
primary thoroughfares in the area. The intersection experiences traffic counts in excess of 64,600 vehicles per day.
There are over 76,180 people living within a three mile radius of the property earning an average household income
of more than $116,270 per year.
The property is benefited by its location within a densely populated residential area and strong regional trade area
that features a number of corporations and national retailers. Located along Route 59 are a number of big box
retailers including Walmart Supercenter, The Home Depot, Costco, Target, Meijer and Crate&Barrel. In addition,
less than one-mile from the property is Westfield Fox Valley Mall, a 1.5 million square foot enclosed mall featuring
over 120 retail shops, eateries and services, including top national brands H&M, Forever 21, Express and Victoria’s
Secret. Its four anchor stores are Carson Pirie Scott, JCPenney, Macy’s and Sears.
Texas Roadhouse has three years remaining on their lease which expires June 30, 2021. The triple net corporate
guaranteed lease features 10% rental escalations in each of the three 5-year renewal option periods. Texas Roadhouse
is famous for its hand-cut steaks, fall-off-the-bone ribs, made-from-scratch sides, and fresh-baked bread. Texas
Roadhouse restaurants average 5,000 guests a week, which is one of the highest in the industry. In 2017, Texas
Roadhouse Ranks #16 on Fortune Magazine’s Best Workplaces for Millennials and named one of America’s Best
Large Employers by Forbes.
NET LEASE INVESTMENT OFFERING
INVESTMENT HIGHLIGHTS
INVESTMENT • Located within the Chicago MSA
HIGHLIGHTS:
• 10% rental escalation in renewal option periods
• Committed to the location as evidenced by recent execution of renewal option period
• Positioned in a dominant regional trade corridor with exceptional visibility to 64,600 vehicles per day
• 76,184 people living within a three mile radius of the property earning an average household income of over
$116,270 per year
• Positioned in a dominant regional retail corridor featuring Westfield Fox Valley Mall, a premier shopping mall with
over 120 stores, anchored by Carson Pirie Scott, JCPenney, Macy’s and Sears
• Anchor tenants in the immediate area include Walmart Supercenter, The Home Depot, Costco, Target and CVS
Pharmacy to name a few
NET LEASE INVESTMENT OFFERING
PROPERTY OVERVIEW
PROPERTY Price: BEST OFFER
OVERVIEW:
Net Operating Income: $310,728
Rental Escalations: 10% in Option Periods
Renewal Options: Three 5-Year Remaining
Lease Commencement Date: June 15, 2006
Lease Expiration Date: June 30, 2021
Tenant: Texas Roadhouse Holdings, LLC.
Year Built: 2006
Lease Type: NNN – No Landlord Responsibility
Parking: 85 Spaces
Rentable Square Feet 7,193 SF
Lot Size: 1.47 Acres
Property Address: 2856 Patriot's Lane, Naperville, IL 60563
The Property is being auction via Ten-X on October22 - 24, 2018. Click here for auction link.
NET LEASE INVESTMENT OFFERING
PHOTOGRAPHS NET LEASE INVESTMENT OFFERING
AERIAL NET LEASE INVESTMENT OFFERING
AERIAL NET LEASE INVESTMENT OFFERING
SITE PLAN NET LEASE INVESTMENT OFFERING
MAP NET LEASE INVESTMENT OFFERING
MAP
Lake Michigan
NET LEASE INVESTMENT OFFERINGDEMOGRAPHIC REPORT
DEMOGRAPHIC
Population 1-Mile 3-Mile 5-Mile
REPORT:
Total Population 13,578 76,184 217,598
Total Households 5,773 30,361 77,365
Income 1-Mile 3-Mile 5-Mile
Median Household Income $82,039 $87,484 $88,288
Average Household Income $102,726 $116,274 $119,108
NETLEASE
NET LEASEINVESTMENT
INVESTMENT OFFERING
OFFERINGMARKET OVERVIEW
MARKET Naperville, Illinois
OVERVIEW: Naperville, located 28 miles west of Chicago, consistently ranks as a top community
in the nation in which to live, raise children and retire. This vibrant, thriving city is
home to acclaimed public and parochial schools, the best public library system in
the country, world-class parks, diverse worship options, an array of healthcare op-
tions and an exceptionally low crime rate. Naperville has ready access to a variety of public transportation, housing and
employment options. The city’s diversified employer base features high technology firms, retailers and factories, as well as
small and home-based businesses. With all the amenities of a modern city and all the charm of a small town, Naperville truly
is the premiere community in which to live, work and play.
An affluent suburb of Chicago, Naperville is on the banks of the DuPage River and located within the Illinois Technology
and Research Corridor. A safe community, Naperville has eight college and university campuses, 130 parks and four sports
complexes, an award-winning Edward Hospital (its largest employer), and 613 buildings in the city’s eastern sector that are
listed on the National Register of Historic Places. Naperville has been named one of the Top 100 Best Places to Live 2017
by Livability.com for the first time, out pacing more than 2,100 cities (with populations between 20,000 and 350,000) in this
data-driven ranking.
www.naperville.il.us
NET LEASE INVESTMENT OFFERINGMARKET OVERVIEW
MARKET Chicago, Illinois
OVERVIEW: 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 66 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 traffic movement.
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. As of
2016, Chicago had the third largest gross metropolitan product in the United States at $640 billion.
The city of Chicago also hosts 12 Fortune Global 500 companies and 17 Financial Times 500 companies. The city claims
two Dow 30 company: aerospace giant Boeing, which moved its headquarters from Seattle to the Chicago Loop in 2001
and McDonald’s, who’s in the process of moving their headquarters from the Chicago suburbs to the Chicago West Loop.
One additional Dow 30 companies, Kraft Foods is in the Chicago suburbs, as are Sears Holdings Corporation and the
technology spin-offs of Motorola. The headquarters of United Continental Holdings, are in the United Building and its
operations center and its United Airlines subsidiary are in the Willis Tower in Chicago.
Chicago attracts over 50 million domestic leisure travelers, 11 million domestic business travelers and 1.5 million overseas
visitors. These visitors contributed more than $14 billion to Chicago’s economy. Upscale shopping along the Magnificent
Mile and State Street, thousands of restaurants, as well as Chicago’s eminent architecture, continue to draw tourists. The
city is the United States’ third-largest convention destination. A 2011 study by Walk Score ranked Chicago the fourth most
walkable of the fifty largest cities in the United States.
www.cityofchicago.org
NET LEASE INVESTMENT OFFERINGTENANT OVERVIEW
TENANT Texas Roadhouse
OVERVIEW: Texas Roadhouse, Inc. is a growing restaurant company operating in the casual dining segment. The founder, chairman
and chief executive officer, W. Kent Taylor, started the business in 1993 with the opening of the first Texas Roadhouse
restaurant in Clarksville, Indiana. Today, the Company operates over 485 restaurants system-wide in 49 states and 4
foreign countries, including 392 Texas Roadhouse restaurants and seven Bubba’s 33 restaurants. In addition, Texas
Roadhouse operate two restaurants outside of the casual dining segment. Texas Roadhouse Corporation is headquartered
in Louisville, Kentucky. It is a publicly traded company on the Nasdaq stock market trading under the symbol “TXRH”.
Website: www.texasroadhouse.com
Founded: 1993
Number of Locations: 485+
Number of Employees: 52,500+
Stock Symbol: TXRH (Nasdaq Stock Market)
Headquarters: Louisville, KentuckyRandy Blankstein
President
847.562.0003
randy@bouldergroup.com
John Feeney
Senior Vice President
847.562.9280
john@bouldergroup.com
3520 Lake Avenue, Suite 203
Wilmette, IL 60091
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