FIVE GUYS Burgers & Fries

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Rev. 1/24/11

FIVE GUYS Burgers & Fries 1115 Lake Street Oak Park, IL 60301 PROPERTY PROFILE

Tenant: Location:

1115 Lake Street Oak Park, IL 60301

Building Size

5,262 sq. ft.

Land Size:

2,502 sq. ft.

Price:

$1,450,000

Purchase Cap:

7.25%

Escalations

12.5% every 5 years

Current Rent

$105,000

Build-Out Completed:

October 2008

Rent Commencement:

November 17, 2008

Rent Schedule:

PRIMARY TERM

OPTIONS RENT

Nov. 17, 2008 - Nov. 16, 2013

$105,000.00

Nov. 17, 2018 - Nov. 25, 2023

$132,890.63

Nov. 17, 2013 - Nov. 16, 2018

$118,125.00

Nov. 17, 2023 - Nov. 16, 2028

$149,501.95

Lease Overview:

NNN Lease with Ten (10) year initial lease terms with two (2) five - (5) year options. Rent increases of 12.5% every fifth year of the lease. Corporate Guaranty !

Tenant Overview:

Five Guys is a gourmet burger shop which prides itself on its fresh ingredients, customer service, free peanuts, and comfortable atmosphere. Founded in Arlington in 1986, Five Guys began significant expansion in 2003 at which time it also began offering fanchise opportunities. In just 18 months they had sold over 300 franchise units. Today, Five Guys now has over 700 units open in 30 states with over 1,200 in development and thousands of dedicated regulars.

Location Overview:

Oak Park is located only 9.5 miles west of heart of Chicago's downtown and one of Chicago’s most affluent and historic western suburbs; known for its Frank Lloyd Wright architecture and famous son Ernest Hemingway. Oak Park has a population of over 50,000 and a median family income of over $105,000. The pedestrian friendly downtown is a local shopping and dining destination and that is why Five Guys decided to open their 1st Chicagoland store in Oak Park, IL. The popularity of this location has been followed by a second location in Lincoln Park’s Clybourn corridor . Today there are 12 Five Guys restaurants in the Chicagoland area.

More Information:

PreferredConsulting, Inc. R. Peter Giadla, CCIM 141 W. Jackson Blvd., 3540 Chicago, IL 60604 Phone: 312-327-2700 ext. 225 Fax: 312-896-5612 E-mail: [email protected]

MAP & AERIAL - FIVE GUYS

Traffic Count Map - Close Up Prepared by Robert Peter Giadla 5 Guys - Oak Park 1115 Lake St, Oak Park, IL 60301-1001 Ring: 1, 2, 3 Miles

Latitude: 41.888467 Longitude: -87.803637

Source: © 2010 MPSI Systems Inc. d.b.a. DataMetrix®

©2010 ESRI, MPSI

1/24/2011

Page 1 of 1

Community Summary Prepared by Robert Peter Giadla 5 Guys - Oak Park 1115 Lake St, Oak Park, IL 60301-1001 Ring: 1 mile radius

Latitude: 41.888467 Longitude: -87.803637

Summary

2000

2010

2015

Population

34,251

33,072

32,616

Households

16,533

16,072

15,855

7,789

7,341

7,113

Families Average Household Size

2.02

2.00

2.00

Owner Occupied HUs

8,672

8,336

8,193

Renter Occupied HUs

7,861

7,736

7,662

37.2

39.3

38.8

17,143

17,243

17,213

Median Age Total Housing Units Vacant Housing Units

610

1,171

1,358

Average Home Value

$256,565

$334,500

$390,950

2000 Households by Income

2010

2015

Number

Percent

Number

Percent

Number

Percent

< $15,000

1,704

10.3%

1,379

8.6%

940

5.9%

$15,000 - $24,999

1,419

8.6%

1,057

6.6%

748

4.7%

$25,000 - $34,999

1,945

11.8%

1,352

8.4%

1,009

6.4%

$35,000 - $49,999

2,748

16.6%

2,374

14.8%

1,690

10.7%

$50,000 - $74,999

3,107

18.8%

3,241

20.2%

3,540

22.3%

$75,000 - $99,999

1,827

11.0%

2,533

15.8%

2,083

13.1%

$100,000 - $149,999

1,570

9.5%

1,739

10.8%

2,593

16.4%

$150,000 - $199,000

857

5.2%

801

5.0%

1,215

7.7%

1,372

8.3%

1,597

9.9%

2,039

12.9%

$200,000+ Median Household Income

$52,908

$63,664

$75,013

Average Household Income

$81,880

$93,925

$112,806

Per Capita Income

$40,355

$46,365

$55,697

2000 Population by Age

2010

2015

Number

Percent

Number

Percent

Number

Percent

0-4

2,057

6.0%

1,804

5.5%

1,761

5.4%

5 - 14

3,926

11.5%

3,429

10.4%

3,181

9.8%

15 - 19

1,679

4.9%

1,941

5.9%

1,808

5.5%

20 - 24

1,983

5.8%

2,628

7.9%

2,453

7.5%

25 - 34

6,139

17.9%

4,853

14.7%

5,788

17.7%

35 - 44

6,090

17.8%

4,569

13.8%

3,699

11.3%

45 - 54

5,315

15.5%

5,296

16.0%

4,667

14.3%

55 - 64

2,739

8.0%

4,214

12.7%

4,347

13.3%

65 - 74

1,908

5.6%

2,010

6.1%

2,682

8.2%

75 - 84

1,675

4.9%

1,457

4.4%

1,403

4.3%

741

2.2%

869

2.6%

824

2.5%

Number

Percent

Number

Percent

Number

Percent

White Alone

24,774

72.3%

23,230

70.2%

22,768

69.8%

Black Alone

6,358

18.6%

5,863

17.7%

5,465

16.8%

42

0.1%

55

0.2%

58

0.2%

1,702

5.0%

2,126

6.4%

2,326

7.1%

16

0.0%

24

0.1%

24

0.1%

Some Other Race Alone

504

1.5%

716

2.2%

833

2.6%

Two or More Races

855

2.5%

1,059

3.2%

1,143

3.5%

1,567

4.6%

2,317

7.0%

2,713

8.3%

85+

2000 Race and Ethnicity

American Indian Alone Asian Alone Pacific Islander Alone

Hispanic Origin (Any Race)

-

2010

2015

Data Note: Income is expressed in current dollars. Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. ESRI forecasts for 2010 and 2015 were effective as of July 1, 2010. Copyright 2010, all rights reserved.

©2010 ESRI

1/24/2011

Page 1 of 1

Community Summary Prepared by Robert Peter Giadla 5 Guys - Oak Park 1115 Lake St, Oak Park, IL 60301-1001 Ring: 2 miles radius

Latitude: 41.888467 Longitude: -87.803637

Summary

2000

2010

2015

123,702

119,621

118,110

Households

49,460

47,976

47,333

Families

29,520

27,973

27,226

Population

Average Household Size

2.46

2.44

2.44

Owner Occupied HUs

27,781

26,474

26,064

Renter Occupied HUs

21,679

21,503

21,270

35.1

36.7

36.2

51,490

52,258

52,330

Median Age Total Housing Units Vacant Housing Units

2,030

4,281

4,996

Average Home Value

$223,517

$294,550

$341,271

2000 Households by Income

2010

2015

Number

Percent

Number

Percent

Number

Percent

< $15,000

6,258

12.6%

4,744

9.9%

3,407

7.2%

$15,000 - $24,999

4,636

9.4%

3,205

6.7%

2,350

5.0%

$25,000 - $34,999

5,583

11.3%

3,813

7.9%

2,892

6.1%

$35,000 - $49,999

7,766

15.7%

6,446

13.4%

5,051

10.7%

$50,000 - $74,999

9,672

19.5%

9,658

20.1%

10,072

21.3%

$75,000 - $99,999

5,624

11.4%

8,765

18.3%

7,226

15.3%

$100,000 - $149,999

5,218

10.5%

6,017

12.5%

9,107

19.2%

$150,000 - $199,000

2,149

4.3%

2,092

4.4%

2,988

6.3%

$200,000+

2,623

5.3%

3,237

6.7%

4,242

9.0%

Median Household Income

$51,023

$64,157

$74,649

Average Household Income

$72,004

$84,682

$100,163

Per Capita Income

$29,219

$34,242

$40,462

2000 Population by Age

2010

2015

Number

Percent

Number

Percent

Number

0-4

8,925

7.2%

8,170

6.8%

8,001

6.8%

5 - 14

18,029

14.6%

15,854

13.3%

15,255

12.9%

15 - 19

7,773

6.3%

8,329

7.0%

7,515

6.4%

20 - 24

7,414

6.0%

8,700

7.3%

8,604

7.3%

25 - 34

19,426

15.7%

16,142

13.5%

18,028

15.3%

35 - 44

20,753

16.8%

16,151

13.5%

13,822

11.7%

45 - 54

18,295

14.8%

18,102

15.1%

16,189

13.7%

55 - 64

9,871

8.0%

14,419

12.1%

14,868

12.6%

65 - 74

6,552

5.3%

7,085

5.9%

9,269

7.8%

75 - 84

4,692

3.8%

4,297

3.6%

4,283

3.6%

85+

1,973

1.6%

2,368

2.0%

2,279

1.9%

Number

Percent

Number

Percent

Number

Percent

White Alone

69,102

55.9%

64,995

54.3%

63,825

54.0%

Black Alone

43,131

34.9%

39,999

33.4%

38,188

32.3%

193

0.2%

243

0.2%

263

0.2%

4,300

3.5%

5,299

4.4%

5,754

4.9%

52

0.0%

77

0.1%

78

0.1%

Some Other Race Alone

4,009

3.2%

5,438

4.5%

6,137

5.2%

Two or More Races

2,915

2.4%

3,571

3.0%

3,865

3.3%

10,244

8.3%

14,161

11.8%

16,060

13.6%

2000 Race and Ethnicity

American Indian Alone Asian Alone Pacific Islander Alone

Hispanic Origin (Any Race)

-

2010

Percent

2015

Data Note: Income is expressed in current dollars. Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. ESRI forecasts for 2010 and 2015 were effective as of July 1, 2010. Copyright 2010, all rights reserved.

©2010 ESRI

1/24/2011

Page 1 of 1

Community Summary Prepared by Robert Peter Giadla 5 Guys - Oak Park 1115 Lake St, Oak Park, IL 60301-1001 Ring: 3 miles radius

Latitude: 41.888467 Longitude: -87.803637

Summary

2000

2010

2015

Population

316,142

310,849

307,543

Households

109,335

106,209

104,846

73,628

70,231

68,560

Families Average Household Size

2.86

2.88

2.89

Owner Occupied HUs

58,923

56,718

55,797

Renter Occupied HUs

50,412

49,491

49,048

32.5

33.4

33.4

115,139

117,274

117,670

Median Age Total Housing Units Vacant Housing Units

5,804

11,065

12,825

Average Home Value

$181,892

$236,335

$274,299

2000 Households by Income

2010

2015

Number

Percent

Number

Percent

Number

Percent

< $15,000

16,415

15.0%

12,072

11.4%

8,921

8.5%

$15,000 - $24,999

12,650

11.6%

8,223

7.7%

6,245

6.0%

$25,000 - $34,999

13,735

12.6%

8,858

8.3%

7,019

6.7%

$35,000 - $49,999

18,540

17.0%

15,998

15.1%

12,821

12.2%

$50,000 - $74,999

21,906

20.1%

22,487

21.2%

24,253

23.1%

$75,000 - $99,999

11,196

10.3%

20,292

19.1%

17,225

16.4%

$100,000 - $149,999

8,783

8.0%

10,823

10.2%

17,674

16.9%

$150,000 - $199,000

2,826

2.6%

3,362

3.2%

5,183

4.9%

$200,000+

3,087

2.8%

4,095

3.9%

5,505

5.3%

Median Household Income

$43,897

$57,949

$65,875

Average Household Income

$59,262

$72,280

$84,712

Per Capita Income

$20,719

$24,951

$29,173

2000 Population by Age

2010

2015

Number

Percent

Number

Percent

Number

0-4

25,066

7.9%

24,674

7.9%

24,427

7.9%

5 - 14

51,361

16.2%

46,124

14.8%

45,935

14.9%

15 - 19

22,882

7.2%

23,615

7.6%

20,606

6.7%

20 - 24

22,316

7.1%

23,394

7.5%

23,689

7.7%

25 - 34

48,629

15.4%

44,267

14.2%

45,931

14.9%

35 - 44

48,653

15.4%

40,921

13.2%

37,861

12.3%

45 - 54

40,551

12.8%

41,918

13.5%

37,645

12.2%

55 - 64

24,924

7.9%

32,959

10.6%

34,691

11.3%

65 - 74

16,694

5.3%

17,748

5.7%

21,725

7.1%

75 - 84

11,005

3.5%

10,229

3.3%

10,223

3.3%

4,061

1.3%

4,998

1.6%

4,808

1.6%

Number

Percent

Number

Percent

Number

Percent

White Alone

134,671

42.6%

127,309

41.0%

124,363

40.4%

Black Alone

139,372

44.1%

131,959

42.5%

128,028

41.6%

758

0.2%

910

0.3%

968

0.3%

7,032

2.2%

8,263

2.7%

8,777

2.9%

106

0.0%

144

0.0%

147

0.0%

27,082

8.6%

33,743

10.9%

36,174

11.8%

85+

2000 Race and Ethnicity

American Indian Alone Asian Alone Pacific Islander Alone Some Other Race Alone Two or More Races Hispanic Origin (Any Race)

-

2010

Percent

2015

7,122

2.3%

8,520

2.7%

9,085

3.0%

57,662

18.2%

71,937

23.1%

77,312

25.1%

Data Note: Income is expressed in current dollars. Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. ESRI forecasts for 2010 and 2015 were effective as of July 1, 2010. Copyright 2010, all rights reserved.

©2010 ESRI

1/24/2011

Page 1 of 1