REAL ESTATE SITE SELECTION
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NAI CIR is a Pennsylvania based member of NAI Global, exclusively representing Arooga’s Sports Bar and Grille Franchisee partners in identifying and securing locations in the US and abroad. From Arooga’s inception, NAI CIR has worked with Arooga's Corporate Real Estate team to find locations that meet their specific location requirements. For 45 years, NAI CIR has represented restaurants across all market sectors, lending institutions, drug stores and all sectors of retailers in finding their specified site within a targeted market area. We have been honored nationally and internationally by Co Star, SIOR and NAI Global for our years of exceeding customer expectations. As a member of NAI Global, the world’s largest network of independently owned commercial real estate brokerage firms with over 365 offices and over 6,500 professionals, we understand the absolute importance of understanding and interpreting each local marketplace. NAI Global member firms are chosen specifically as experts on their independent markets. NAI CIR has a comprehensive understanding of the Arooga’s model and will work directly with the NAI experts who live, work and play in a targeted market. We leverage extensive local knowledge and state of the art demographic and market research to bring focused transactional support to each Arooga’s franchisee. When you are ready to locate your Arooga’s we are ready to work with you and provide you with the support and information you require to make a great real estate decision. For additional Information contact:
[email protected] 717-761-5070 x154 717-439-9453
[email protected] 717-761-5070 x182 717-773-1502
NAI CIR is Central Pennsylvania’s largest, exclusively commercial industrial real estate brokerage firm. Founded in 1970, NAI CIR has been recognized by Co Star as a Power Broker for over 12 consecutive years. Individuals within the firm have been honored for completing challenging transactions by the Society for Industrial and Office Realtors (“SIOR”) and NAI Global. The firm leverages proprietary and subscription databases to insure thorough demographic and market analysis. NAI CIR has completed successful site searches for clients across North America, South America and abroad. NAI CIR has been a member of the NAI Global managed commercial real estate network since 1985.
NAI Global is the world’s largest managed network of commercial real estate professionals. With over 6,500 professionals in 365 offices in 62 countries, NAI Global has the broadest real estate market coverage in the world. Each NAI member firm is independently owned by dedicated professionals in each local market. Deep local knowledge coupled with real time market data and a proprietary transaction management and reporting system insures clients of the right business location.
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Building Size
5,000 – 8,000 Square Feet / outdoor seating preferred
Building Type:
1st generation space; 2nd or 3rd generation restaurant space; ground up/build to suit
Site Type:
Free Standing or end caps with maximum visibility
Parking:
Minimum 100 spaces
Signage:
Building signage and Pylon or Monument signage
Traffic Flow:
20,000+ cars a day
Access:
Signaled Intersections preferred, easy ingress and egress
Regional retail markets with strong daytime employment, close proximity to national retailers, dense middle to upper middle class income neighborhoods. Established markets or markets with growth potential.
National Retailers
Neighborhood centers
Movie Theaters
Universities
Grocers
Walmart/ Target
Hospitals
Office Parks
Amusement Parks
Regional Malls
other QSR’s
Industrial Parks
Prepared for:
Arooga’s Grille House & Sports Bar
Oak Brook /Lombard
Retail Market Overview
SAMPLE
Market Overview
Yorktown Mall
OakBrook Center
Lat: 41.83892 Long: -88.00965 Zoom: 0.82 mi
22nd Street Corridor Retailers
Logos are for identification purposes only and may be trademarks of their respective companies.
SAMPLE ©2015, SITES USA Inc., Chandler, AZ (480) 491-1112. All Rights Reserved.
Yorktown Retail
Fountain Square
Oak Brook, IL 60523 Lat: 41.83528 Long: -88.02288 Zoom: 0.82 mi
March 2015
This map was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty
Butterfield Rd at I-355
OakBrook Promenade
Logos are for identification purposes only and may be trademarks of their respect
Market Overview FULL PROFILE
FULL PROFILE
2000-2010 Census, 2014 Estimates with 2019 Projections
2000-2010 Census, 2014 Estimates with 2019 Projections
2000-2010 Census, 2014 Estimates with 2019 Projections
Calculated using Proportional Block Groups
Calculated using Proportional Block Groups
Calculated using Proportional Block Groups
Lat/Lon: 41.8432/-87.9906
8,099
33,827
84,883
164,445
2019 Projected Population 2010 Census Population
8,259 8,064
34,488 33,684
86,550 84,520
167,695
2000 Census Population Projected Annual Growth 2014 to 2019 Historical Annual Growth 2000 to 2014
7,283 0.4% 0.8%
34,467 0.4% -0.1%
87,076 0.4% -0.2%
165,038 0.4% -
3,741 3,846
14,472 14,884
34,729 35,715
65,114
3,675 3,041
14,224 13,634
34,133 33,284
0.6% 1.6%
0.6% 0.4%
0.6% 0.3%
2014 Est. Now Married 2014 Est. Separated or Divorced 2014 Est. Widowed
2014 Est. HH Income $100,000 to $149,999 2014 Est. HH Income $75,000 to $99,999 2014 Est. HH Income $50,000 to $74,999 2014 Est. HH Income $35,000 to $49,999 2014 Est. HH Income $25,000 to $34,999 2014 Est. HH Income $15,000 to $24,999
78.9% 4.4% 11.5% 0.1% 5.0%
1 mi radius
Oak Brook, IL 60523
83.9% 3.5% 8.0% 0.2% 4.4%
2014 Est. Total Businesses 2014 Est. Total Employees
page 1 of 3
9.1% 9.4% 14.9% 18.6% 19.8% 19.5% 8.9% 42.9
9.4% 10.4% 14.6% 17.7% 20.6% 18.0% 9.3% 42.8
10.5% 11.7% 12.6% 17.7% 21.6% 16.1% 9.8% 42.7
11.7%
47.3% 52.7%
47.4% 52.6%
47.8% 52.2%
48.4%
33.2%
34.0%
30.4%
28.7%
45.7% 14.8% 6.3%
45.0% 12.9% 8.1%
49.0% 12.1% 8.5%
52.9% 11.1%
8.6% 6.5%
9.9% 7.3%
8.9% 8.4%
11.6%
17.1% 14.6%
16.4% 13.8%
17.5% 14.7%
21.5% 11.7% 8.3% 5.7%
17.5% 12.2% 8.9% 7.4%
16.8% 11.7% 8.5% 7.7%
15.6% 10.5%
6.0% $100,131 $81,574 $46,291
6.6% $98,383 $79,757 $42,197
5.9% $96,692 $79,974 $39,638
5.7% $109,510
1,259 20,849
4,284 64,304
8,068 118,492
12,803 163,916
12.8% 11.3% 18.1% 22.5% 15.2%
8.3% 41.6
51.6%
7.3%
9.5% 17.9% 13.8%
8.2% 7.3%
$86,680 $43,411
HISPANIC
1,079 13.3% 14.0% 12.6%
3,538 10.5% 11.0% 9.9%
8,042 9.5% 10.0% 9.0%
14,226 8.7%
2014 Est. Adult Population (25 Years or Over) 2014 Est. Elementary (Grade Level 0 to 8) 2014 Est. Some High School (Grade Level 9 to 11) 2014 Est. High School Graduate 2014 Est. Some College 2014 Est. Associate Degree Only 2014 Est. Bachelor Degree Only 2014 Est. Graduate Degree
6,050 1.7% 3.9% 18.8% 23.2% 6.5% 26.9% 19.1%
24,348 2.6% 4.0% 20.3% 21.0% 5.5% 28.3% 18.3%
59,884 2.4% 4.0% 21.9% 21.6% 5.7% 28.4% 16.1%
113,661
2014 Est. Total Housing Units 2014 Est. Owner-Occupied 2014 Est. Renter-Occupied 2014 Est. Vacant Housing
4,063 61.9% 30.2% 7.9%
15,467 66.2% 27.4% 6.4%
36,732 69.0% 25.6% 5.5%
68,369 71.9% 23.3%
2010 Homes Built 2005 or later 2010 Homes Built 2000 to 2004 2010 Homes Built 1990 to 1999
4.6% 7.5% 9.8%
3.5% 5.8% 11.7%
3.2% 5.0% 9.5%
3.8% 5.4%
2010 Homes Built 1980 to 1989 2010 Homes Built 1970 to 1979 2010 Homes Built 1960 to 1969 2010 Homes Built 1950 to 1959 2010 Homes Built Before 1949
10.0% 29.7% 20.2% 7.0% 11.1%
13.1% 23.7% 19.0% 11.2% 12.0%
11.3% 19.3% 17.8% 16.5% 17.4%
2010 Home Value $1,000,000 or More 2010 Home Value $500,000 to $999,999 2010 Home Value $400,000 to $499,999 2010 Home Value $300,000 to $399,999 2010 Home Value $200,000 to $299,999 2010 Home Value $150,000 to $199,999
8.2% 8.2% 7.6% 14.2% 19.4% 21.7%
6.2% 10.2% 7.1% 16.5% 25.6% 15.6%
3.9% 9.6% 8.1% 20.1% 29.1% 12.9%
2010 Home Value $100,000 to $149,999 2010 Home Value $50,000 to $99,999 2010 Home Value $25,000 to $49,999 2010 Home Value Under $25,000
10.9% 7.2% 1.7% 0.9%
10.4% 5.5% 1.7% 1.2%
8.5% 5.1% 1.5% 1.2%
$380,407 $1,135
$343,753 $1,096
$313,381 $1,062
2010 Median Home Value 2010 Median Rent
©2015, Sites USA, Chandler, Arizona, 480-491-1112 Demographic Source: Applied Geographic Solutions 08/2014, TIGER Geography
page 2 of 3
9.1% 8.2%
2.1%
3.7% 20.0% 19.9% 5.8% 30.2% 18.3%
4.8%
8.9% 9.5% 16.8% 16.0% 18.2% 21.4%
4.6%
13.3% 8.7% 20.0% 27.3% 11.1% 7.5% 4.8% 1.4% 1.2%
$333,774 $990
OCCUPATION
0.3%
2014 Est. Hispanic Population 2014 Est. Hispanic Population 2019 Proj. Hispanic Population 2010 Hispanic Population
2 mi radius
3 mi radius
4 mi radius
2014 Est. Labor Population Age 16 Years or Over 2014 Est. Civilian Employed
6,856 61.4%
27,893 60.0%
68,956 62.0%
130,946 63.1%
2014 Est. Civilian Unemployed 2014 Est. in Armed Forces 2014 Est. not in Labor Force
5.3% 33.3%
4.5% 35.5%
4.5% 33.5%
4.4% -
2014 Labor Force Males 2014 Labor Force Females
46.9% 53.1%
47.3% 52.7%
47.5% 52.5%
48.0%
2010 Occupation: Population Age 16 Years or Over 2010 Mgmt, Business, & Financial Operations
3,854 14.4%
16,296 18.1%
40,310 17.5%
2010 Professional, Related
25.8%
25.4%
24.1%
2010 Service 2010 Sales, Office
16.9% 33.0%
13.3% 31.2%
13.7% 30.5%
78,425 19.9% 24.5% 12.7%
2010 Farming, Fishing, Forestry 2010 Construction, Extraction, Maintenance 2010 Production, Transport, Material Moving 2010 White Collar Workers
0.4% 3.1% 6.5% 73.2%
0.1% 5.1% 6.8% 74.7%
0.2% 6.2% 7.9% 72.0%
2010 Blue Collar Workers
26.8%
25.3%
28.0%
2010 Drive to Work Alone 2010 Drive to Work in Carpool 2010 Travel to Work by Public Transportation
81.3% 4.3% 5.5%
80.0% 5.6% 5.9%
78.8% 6.6% 6.3%
77.5% 5.5%
2010 Drive to Work on Motorcycle 2010 Walk or Bicycle to Work
2.5%
2.5%
2.5%
0.1% 2.8%
2010 Other Means 2010 Work at Home
0.3% 6.0%
0.6% 5.3%
0.8% 5.0%
0.8% 5.2%
2010 Travel to Work in 14 Minutes or Less 2010 Travel to Work in 15 to 29 Minutes 2010 Travel to Work in 30 to 59 Minutes
30.1% 28.6% 26.0%
26.0% 32.3% 29.7%
27.0% 31.6% 30.8%
26.6% 32.3% 30.5%
2010 Travel to Work in 60 Minutes or More
15.3%
11.9%
10.6%
22.3
23.2
23.3
10.6% 23.6
$263 M $12.7 M $18.8 M $7.99 M $14.8 M
$1.00 B $48.5 M $72.7 M $30.8 M $56.7 M
$2.38 B $115 M $171 M $72.4 M $135 M
$40.5 M $11.9 M
$154 M $45.6 M
$366 M $108 M
$18.2 M $78.7 M $4.28 M
$69.5 M $301 M $16.3 M
$165 M $714 M $38.5 M
$78.0 M
$3.76 M $51.2 M
$14.4 M $194 M
$34.1 M $463 M
$69.6 M $938 M
SAMPLE
2014 Est. HH Income Under $15,000 2014 Est. Average Household Income 2014 Est. Median Household Income 2014 Est. Per Capita Income
©2015, Sites USA, Chandler, Arizona, 480-491-1112
71.2% 6.3% 16.7% 0.2% 5.6%
4 mi radius
TRANSPORTATION TO WORK
2014 Est. Never Married
66.0% 8.4% 18.5% 0.2% 6.9%
3 mi radius
TRAVEL TIME
2014 Est. Male Population 2014 Est. Female Population
2014 Est. White 2014 Est. Black 2014 Est. Asian or Pacific Islander 2014 Est. American Indian or Alaska Native 2014 Est. Other Races
2 mi radius
2010 Average Travel Time to Work
2014 Est. Total Household Expenditure
CONSUMER EXPENDITURE
2014 Est. Population Under 10 Years 2014 Est. Population 10 to 19 Years 2014 Est. Population 20 to 29 Years 2014 Est. Population 30 to 44 Years 2014 Est. Population 45 to 59 Years 2014 Est. Population 60 to 74 Years 2014 Est. Population 75 Years or Over 2014 Est. Median Age
62,741 0.6%
EDUCATION (Adults 25 or Older)
Projected Annual Growth 2014 to 2019 Historical Annual Growth 2000 to 2014
66,962 63,995
HOUSING
2010 Census Households 2000 Census Households
HOMES BUILT BY YEAR
2014 Estimated Households 2019 Projected Households
163,725
1 mi radius
Oak Brook, IL 60523
RF1
Butterfield Road & South Meyers Road
This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty.
4 mi radius
HOME VALUES
POPULATION HOUSEHOLDS AGE MARITAL STATUS & GENDER
3 mi radius
2014 Estimated Population
2014 Est. HH Income $200,000 or More 2014 Est. HH Income $150,000 to $199,999
INCOME
2 mi radius
RACE
1 mi radius
Oak Brook, IL 60523
Butterfield Road & South Meyers Road
This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty.
Butterfield Road & South Meyers Road
Lat/Lon: 41.8432/-87.9906
RF1
RF1
LABOR FORCE
Lat/Lon: 41.8432/-87.9906
2014 Est. Apparel 2014 Est. Contributions, Gifts 2014 Est. Education, Reading
2014 Est. Entertainment 2014 Est. Food, Beverages, Tobacco 2014 Est. Furnishings, Equipment 2014 Est. Health Care, Insurance 2014 Est. Household Operations, Shelter, Utilities 2014 Est. Miscellaneous Expenses 2014 Est. Personal Care 2014 Est. Transportation
32.5% 52.0%
28.5% 0.1% 5.9% 8.3% 72.9% 27.1%
8.2%
$4.88 B $237 M $362 M $153 M
This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty.
Area Demographics
FULL PROFILE
$277 M $744 M $223 M $334 M $1.47 B
Demographic Source: Applied Geographic Solutions 08/2014, TIGER Geography
©2015, Sites USA, Chandler, Arizona, 480-491-1112
page 3 of 3
Demographic Source: Applied Geographic Solutions 08/2014, TIGER Geography
Market Overview Oak Brook Promenade
Demographics ESTIMATED AVERAGE HOUSEHOLD INCOME 1 MILE - $94,327
Oak Brook, Illinois
3 MILES - $90,318
www.oakbrookpromenade.com
5 MILES - $96,230
ESTIMATED NUMBER OF HOUSEHOLDS
SAMPLE
A Collection of Fine Shops
1 MILE - 3,314
3 MILES - 34,311 5 MILES - 102,508
TRAFFIC COUNTS
Over 140,000 vehicles per day and direct visibility from I-88.
D ROAD
Location
Over 44,000 vehicles
per day on Butterfield Rd.
Located at the corner of Butterfield and Meyers Roads in Oak Brook, Illinois, Oak Brook Promenade is strategically located at the heart of one of the strongest retail corridors in the Chicago market. The Promenade is easily accessible from Interstate 88 and provides an exciting focal point to the retail and office hub of west suburban Chicago
4,133 sf
9,000 sf
20’-0”
1,649 sf
114
PARKING GARAGE BELOW (SHADED)
1,566 sf
17’-4”
113 | One Oakbrook 1,483 sf Terrace | Suite 600 | Oakbrook Terrace | 19’-8”
112
Anne Callard Claire Bitautas POND 100 tel: 630.693.0684 tel: 630.693.0640 3,500 sf
[email protected] [email protected] 78’-10”
78’-4”
19’-0”
1,361 sf | Illinois 60181 111 | tel 630.932.1234 | fax 630.932.7258 | 1,689 sf
17’-6”
Atmo
101
110
6,805 sf
51’-11”
8,500 sf
75’-0”
St. Charles Rd. 25’-6” 50’-4” 22’-7”
102
SECOND FLOOR ABOVE
48’-2”
5,809 sf
100
5,826 sf
76’-8”
25’-7”
105
2,780 sf
30’-0”
104
2,718 sf
DOCK
34’-6”
102
2,928 sf
18’-1”
112
37’-4”
113
9,000 sf 106’-5”
4,133 sf
Main st.
101
Madison St.
4,975 sf
84’-10”
9,000 sf
Roosevelt Rd.
. ld Rd erfie Butt
22nd St. 31st St.
Ogden Ave. . le Rd ervil Nap
www.oakbrookpromenade.com
55th St.
63rd St.
INTERSTATE 88
Shoppers wil village setting architecture a an exciting st Promenade p environments offer a unique will bring visi
Amen
DOCK RAMP DOWN
Wolf Rd.
The center offers approximately 185,000 square feet of retail, restaurant and café space, with units from 1,600 square feet for lease. Oak Brook Promenade is a pedestrianfriendly center with broad walkways, outdoor seating and immediately adjacent parking. Lush landscaping and colorful planters further enhance the relaxed atmosphere. The center features four entrance points and two stoplights.
The Oak Bro for shopping Promenade is entertainmen a dynamic po the area daily
For leasing information contact:
23’-6”
111
Amenities
DOCK RAMP DOWN
32’-8”
Desti
8,000 sf
York Rd.
106’-5”
115
34’-2”
20’-0”
2,372 sf
113
116
1,701 sf
2,309 sf
112
81’-7”
100
4,975 sf
84’-10”
6,875 sf
36’-10”
101
111
Now Open!
Building J
117
3,264 sf
2,319 sf
SECOND FLOOR ABOVE
Located at th Oak Brook, I located at the in the Chicag from Intersta the retail and
RAMP DOWN
103
22’-7”
Loca
8,577 sf
Meyers Rd.
Shoppers will want to linger in the beautiful European village setting of Oak Brook Promenade. The old-world architecture and unique character of the streetscape provide an exciting statement for each storefront. Oak Brook Promenade promises to be one of the most distinctive retail environments in the Chicago metropolitan area. It will offer a unique and memorable shopping experience that will bring visitors back time and again.
25’-6”
5 MILES - 268,046
M EY ER SR OA D
Atmosphere
M EY ER SR OA D
2,372 sf
8,500 sf
POND
1,703 sf
101
51’-11”
4”
100
3,500 sf
104A
78’-10”
100
78’-4”
2,109 sf
BELOW (SHADED)
Destination
The Oak Brook area has long been a favorite destination for shopping the finest upscale retailers. Oak Brook Promenade is surrounded by popular restaurants, entertainment, hotels and corporate offices providing a dynamic pool of affluent consumers who frequent the area daily.
1 MILE - 8,002
3 MILES - 88,983
BUTTERFIELD ROAD
106
8,000 sf
POPULATION
The center off retail, restaura square feet fo friendly cente and immedia colorful plant The center fea
SAMPLE
Potential Site Log Territory: Chicago Site #
Location, Intersection, or Street Address
City
Name of Center
1
1 West Main Street
Example City,USA
West Main Center
2
3
4
5
6
SF Available Base Rent PSF
7,441 SF
$18.00
Net Charges PSF
Monthly Rent
Availability Date
Co-Tenants
Comments
$4.00
Negotiable
Immdeiate
national retailers
End Cap, high visibility, 1,400 SF patio, plentiful parking
SAMPLE
2 East Main Stret
Example City,USA
East Main Center
7,296 SF
$21.00
$5.50
Negotiable
Immdeiate
neighboring retailersWalgreens, Panera Bread, On the Boarder Mexican Grill, many auto dealerships
Stand alone building with Exelent exposure, 73 parking spaces,constructed in 2001
Rank
City & State: Site Location: Shopping Center Name:
Oak Brook, Illinois Butterfield & Meyers Rd Village at Waugh Chapel
DEMOGRAPHICS
Population Median HH Income
Date: Prepared By:
3/20/15 NAI CIR
RADIUS RINGS 1 mile
3 mile
4 mile
Size (SF)
7,441 sf
8,099
86,550
164,445
Base Rent
$40/sf
$81,574
$79,974
$86,680
Net Charges
$9.10sf
$96,692
$109,510
Total Annual Gross Rent Availability Date
$365,353/yr. ($30,446 /month) Immediate
Term
One (1) ten (10) year term
Average HH Income $100,131 No. of Households
3,741
34,729
65,114
Median Age of Population
42.9
42.8
41.6
SAMPLE
Daytime Work Population Traffic Counts:
6,856
68,9564
Butterfield Road
4,000 CPD
130,946
Options
Rent Increases Other
Two (2) five (5) year options 10% every five years $25/sf TI, space delivered in
The Oak Brook Promenade is a 195,000 sf shopping center located in the center of Oak Brook, Illinois. The Oak Brook Promenade is strategically located at the heart of the one of the strongest retail corridors in the entire Chicago market. The Promenade is easily accessible from Interstate 88 with 140,000 CPD and provides a focal point to the retail and office hub of west suburban Chicago.
The center has multiple access points directly off Butterfield Road. The Arooga’s space will be a highly visible end cap. With excellent visibility from both Butterfield and I-88.
We will be able to have building signage above the space. The field of parking in front of the proposed Arooga’s location is shared amongst existing retailer. There is also a climate controlled parking garage on site with the elevator entrance 25 ft. from the proposed Arooga’s, which is very attractive for our use.
The retail of this trade area is its major demand generator. In addition to the Oak Brook Promenade the retail corridor is Chicago’s strongest. Large power centers include the Oakbrook Center, Yorktown Mall, Fountain Square and the Butterfield Road at 1-355 corridor. All imaginable national retailers, restaurants, and financial institutions are located in the area.