net lease Citgo for sale in the Chicago MSA

1. NET LEASED INVESTMENT OFFERING
CITGO
200 Fabyan Parkway
Batavia, IL 60510 (Chicago MSA)
www.bouldergroup.com

2. TABLE OF CONTENTS
NET LEASED INVESTMENT OFFERING
TABLE OF CONTENTS
1)
Confidentiality & Disclaimer
2)
Executive Summary
3)
Property Overview
4)
Aerial
5)
Site Plan
6)
Maps
7)
Tenant Profile
8)
Demographic Comparison Report
9)
Location Overview
10)
Contact Information
www.bouldergroup.com

3. CONFIDENTITALITY & DISCLAIMER
NET LEASED INVESTMENT OFFERING
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.
www.bouldergroup.com

4. EXECUTIVE SUMMARY
NET LEASED INVESTMENT OFFERING
EXECUTIVE SUMMARY
The Boulder Group is pleased to exclusively market for sale a single tenant net leased CITGO property located in
the Chicago MSA. The property was originally constructed in 1999 on a 2.01 acre parcel. The gas station features
16 gas pumps, a convenience store and a car wash. The lease commenced February 2004 and includes annual
rental escalations of 1.75%. There are 10 years remaining in the primary term of the lease.
The subject property is located at the signalized intersection of Fabyan Parkway and North Washington Avenue,
which experiences traffic counts in excess of 37,000 vehicles per day. The site has two points of ingress and egress
and is easily accessible by vehicles traveling on Fabyan Parkway or North Washington Avenue. Fabyan Parkway is
a primary east-west thoroughfare serving Batavia and is one of only two roadways that cross the Fox River. Batavia
is well known for being the home of Fermilab, a federal government-sponsored high-energy physics laboratory that
employs 2,000 people. The retail trade area features Walmart, Target, Sam’s Club, Walgreens, Best Buy and Home
Depot as well as several other national retailers.
CITGO’s original lease term is for 20 years with four 5-year renewal options and the lease expires in February 2024.
The lease features annual rental escalations of 1.75% throughout the primary term. The guarantor is GasMart USA,
a privately held company that operates 108 locations in seven states.
INVESTMENT HIGHLIGHTS
• Located within the Chicago MSA
• 1.75% annual rental escalations
• Long term lease with 10 years remaining
• No landlord responsibilities
• Positioned on a signalized intersection with traffic counts
in excess of 37,000 vehicles per day
• Located along Fabyan Parkway, a primary east-west
thoroughfare in Batavia
• Large land parcel of over two acres with an in-place agreement to subdivide 31,300 square feet for future
development
www.bouldergroup.com

5. PROPERTY OVERVIEW
NET LEASED INVESTMENT OFFERING
PROPERTY OVERVIEW
Price:
$4,468,605
Cap Rate:
8.75%
Net Operating Income:
$391,002
Rental Escalations:
1.75% Annually
Renewal Options:
Four 5-year at FMV
Lease Commencement Date:
February 11, 2004
Lease Expiration Date:
February 29, 2024
Tenant:
GasMart USA
Year Built:
1999
Lease Type:
NNN
Rentable Square Feet:
8,018 (combination of building and canopy)
Land Size:
2.01 acres
www.bouldergroup.com

6. AERIAL
NET LEASED INVESTMENT OFFERING
AERIAL
www.bouldergroup.com

7. SITE PLAN
NET LEASED INVESTMENT OFFERING
SITE PLAN
KWAY
N PAR
YA
E. FAB
N
WASHINGTON
AVENUE/ROUTE
25
Potential
Development
Parcel
31,300 SF
S
GA
RS
SE
EN
P
DIS
www.bouldergroup.com

8. MAPS
NET LEASED INVESTMENT OFFERING
MAPS
www.bouldergroup.com

9. TENANT PROFILE
NET LEASED INVESTMENT OFFERING
TENANT PROFILE
Citgo Petroleum Corporation (or Citgo) is an American refiner, transporter and marketer of transportation fuels, lubricants, petrochemicals and other industrial products. The company is owned by PDV America, Inc., an
indirect wholly owned subsidiary of Petróleos de Venezuela, S.A., the national oil company of Venezuela. The
company has its headquarters in the Energy Corridor area of Houston, Texas.
www.citgo.com
GasMart USA was founded in 1995 and completed construction on its first store in early 1996. By 2003 they
completed construction on 7 stores located in and around Kansas City. Today, GasMart USA has 108 locations
in seven states throughout the Midwest. They are headquartered in suburban Kansas City.
www.gasmartusa.com
www.bouldergroup.com

10. DEMOGRAPHIC COMPARISON REPORT
NET LEASED INVESTMENT OFFERING
DEMOGRAPHIC COMPARISON REPORT
Population
Total Population
Total Households
3-mi
5-mi
7-mi
58,496
21,771
115,042
41,407
230,060
78,324
$87,403
$108,123
$86,362
$108,548
$77,444
$101,030
Income
Median Household Income
Average Household Income
www.bouldergroup.com

11. LOCATION OVERVIEW
NET LEASED INVESTMENT OFFERING
LOCATION OVERVIEW
Batavia was founded in 1833, and is the oldest city in Kane County, Illinois, with a
small portion in DuPage County. During the Industrial Revolution, Batavia became
known as ‘The Windmill City’ for being the largest windmill producer of the time.
Fermilab, a federal government-sponsored high-energy physics laboratory, where
both the bottom quark and top quarks were first detected, is located here. Batavia is part of the Tri-Cities area,
along with St. Charles and Geneva. According to the 2010 census, Batavia had a population of 26,045.
www.cityofbatavia.net
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.
www.cityofchicago.org
www.bouldergroup.com

12. CONTACT INFORMATION
NET LEASED INVESTMENT OFFERING
CONTACT INFORMATION
666 Dundee Road, Suite 1801
Northbrook, IL 60062
Randy Blankstein
President
847.562.0003
rblank@bouldergroup.com
Jimmy Goodman
Partner
847.562.8500
jimmy@bouldergroup.com
www.bouldergroup.com