The Boulder Group is pleased to exclusively market for sale a single tenant net leased Enterprise Rent-A-Car property located in an affluent suburb of Detroit.

1. ENTERPRISE RENT-A-CAR
24400 Drake Road, Farmington Hills, MI 48335 (Detroit MSA)

2. TABLE OF CONTENTS
I. Executive Summary
Executive Summary
Investment Highlights
Property Overview
II. Location Overview
Photographs
Aerial
Site Plan
Maps
III. Market & Tenant Overview
Demographic Report
Market Overview
Tenant Overview
TABLE OF CONTENTS
NET LEASE INVESTMENT OFFERING (VALUE ADD)

3. 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.
DISCLAIMER
STATEMENT:
DISCLAIMER STATEMENT
NET LEASE INVESTMENT OFFERING (VALUE ADD)

4. NET LEASE INVESTMENT OFFERING
EXECUTIVE
SUMMARY:
The Boulder Group is pleased to exclusively market for sale a single tenant net leased Enterprise Rent-A-Car property
located in an affluent suburb of Detroit. Enterprise Rent-A-Car has successfully operated at this location since 1994. The
property is strategically located in close proximity to many premium car dealerships including BMW, Mercedes Benz, Audi,
Range Rover, and Toyota. There are over five years remaining on the Enterprise Rent-A-Car lease that expires December
31, 2020. The lease features 2% annual rental escalations. Enterprise Rent-A-Car is the largest car rental brand in North
America with total revenue in excess of $18 billion.
The Enterprise Rent-A-Car property is strategically located off of the heavily trafficked signalized intersection of Drake Road
and Grand River Road. The property is located across the street from a Busch’s Fresh Market grocery store and Rite Aid
anchored development. A recently constructed McDonald’s and AutoZone are adjacent to the Enterprise to the south. The
Enterprise Rent-A-Car is centrally located amongst many car dealerships including BMW, Mercedes Benz, Land Rover,
Audi, Porsche, Jaguar, Infinity, Ford, Toyota, Honda, Jeep and Dodge. There are over 68,000 people living within a three
mile radius of the property earning average annual household incomes of approximately $95,000.
There are over five years remaining on the Enterprise Rent-A-Car lease that expires December 31, 2020. The absolute triple
net lease features 2% annual rental escalations. Enterprise is the largest car rental brand in North America with over 7,000
locations
EXECUTIVE SUMMARY

5. NET LEASE INVESTMENT OFFERING
INVESTMENT
HIGHLIGHTS:
• Located within an affluent suburb of the Detroit MSA
• Long and successful operating history at this location (since 1994)
• Enterprise Rent-A-Car is the largest car rental brand in North America with over 7,000 locations
• 2% annual rental escalations
• No landlord responsibilities
• Located in a commercial corridor that features many car dealerships including BMW, Mercedes Benz, Land
Rover, Audi, Porsche, Jaguar, Infinity, Ford, Toyota, Honda, Jeep and Dodge
• Positioned just off of the heavily trafficked signalized intersection of Drake Road and Grand River Avenue
• Over 68,000 people living within a three mile radius of the property earning average annual household incomes
of approximately $95,000
INVESTMENT HIGHLIGHTS

6. NET LEASE INVESTMENT OFFERING
PROPERTY
OVERVIEW: Price: $473,684
Cap Rate: 9.50%
Net Operating Income: $45,000
Lease Expiration Date: December 31, 2020*
Rental Escalations: 2% Annually
Renewal Options: Two 5-Year
Tenant: Enterprise Leasing Company of Detroit, LLC
(An operating subsidiary of Enterprise Holdings, Inc.)
Year Built: 1980
Lease Type: NNN
Building Size: 2,357 SF
Land Size: 25,636 SF
PROPERTY OVERVIEW
*Tenant may terminate this lease with three months advance written notice, but shall pay a penalty of six months’
rent. Termination clauses are standard in most Enterprise leases. Enterprise Rent-A-Car has operated at this
location since at least 1994. As part of their lease renewal, Enterprise Rent-A-Car has plans to replace the roof and
parking lot at their expense.

7. NET LEASE INVESTMENT OFFERING
PHOTOGRAPHS

8. NET LEASE INVESTMENT OFFERING
AERIAL
90
275
DRAKEROAD(14,000VPD)
G R A N D R I V E R AV E N U E (42,800 VPD)

9. NET LEASE INVESTMENT OFFERING
SITE PLAN
DRAKEROAD

10. NET LEASE INVESTMENT OFFERING
MAPS

11. NET LEASE INVESTMENT OFFERING
MAPS

12. NET LEASE INVESTMENT OFFERING
Population 1-Mile 3-Mile 5-Mile
Total Population 13,636 68,492 192,350
Total Households 6,356 29,501 81,477
Income 1-Mile 3-Mile 5-Mile
Median Household Income $59,210 $67,277 $67,311
Average Household Income $83,485 $94,014 $92,729
DEMOGRAPHIC
REPORT:
DEMOGRAPHIC REPORT

13. NET LEASE INVESTMENT OFFERING
Farmington Hills is an affluent community in southeastern Michigan and the second largest city
in Oakland County. At the time of the 2010 U.S. Census, the population in Farmington Hills was
79,740. Farmington Hills is located 25 miles northwest of downtown Detroit and 30 miles northeast
of Ann Arbor. Farmington Hills consistently ranks as one of the safest cities in the United States, as
well as in the state of Michigan. In 2010, the area ranked as the 30th safest city in America by CQ Press and Sage
Publications
The largest employers in Farmington Hills include Botsford Hospital, Bosch, Gale, TD Auto Finance, Nissan Technical
Center of North America and Quicken Loans. In April 2013, Farmington Hills had an unemployment rate of 6.3%, a
full percent lower than the national average.
Detroit is the largest city in the state of Michigan and the county seat of Wayne County. At the time of
the 2010 U.S. Wayne County was ranked as the 15th most populous county in the United States with a
population of 1,820,584. The Detroit MSA is the 13th most populated metropolitan area in the United States
with 4,296,250 residents. The Detroit metropolitan area, commonly referred to as Metro Detroit, is widely
known as the automobile industry hub of North America. Most notably, Detroit is known for the “Big Three”
automobile companies, General Motors, Ford and Chrysler, all headquartered in Metro Detroit. The Detroit auto
industry employs over 70,000 people.
Downtown Detroit is home to the Compuware world headquarters, Blue Cross Blue Shield, HP Enterprise Services,
and Quicken Loans, who recently relocated its headquarters and 4,000 employees downtown. Detroit also benefits
from the casino gaming industry. Detroit is the largest city in the United States to offer casino resort hotels and is
home to the MGM Grand Detroit, MotorCity Casino and Greektown Casino.
MARKET
OVERVIEW:
MARKET OVERVIEW

14. NET LEASE INVESTMENT OFFERING
Founded in 1957, Enterprise Rent-A-Car is an internationally recognized brand with more than 7,000 neighbor-
hood and airport locations throughout North America and Europe. Through tremendous leadership and the entre-
preneurial spirit of its’ employees, Enterprise is the largest car rental brand in North America, well-known for its
great rates, award-winning customer service and picking up local car rental customers at no extra cost.
Today, Enterprise is a total mobility provider offering consumers neighborhood and airport car rental, car sharing,
ride-matching, vanpooling services, car sales, exotic car rental, motorcycle rental and commercial truck rental. In
addition, the Enterprise Holdings Foundation has contributed more than $200 million to thousands of local non-prof-
its focused on community improvement, education and environmental stewardship.
Website: www.enterprise.com
Number of Locations: 7,000+
Number of Employees: 68,000+
Revenue: $18.0 Billion
Headquarters: St. Louis, Missouri
TENANT OVERVIEW
TENANT
OVERVIEW:

15. 666 Dundee Road, Suite 1801
Northbrook, IL 60062
www.bouldergroup.com
Randy Blankstein
President
847.562.0003
randy@bouldergroup.com
Jimmy Goodman
Partner
847.562.8500
jimmy@bouldergroup.com