FCA Net Lease Portfolio

Investment Overview

Floor Covering Associates has been in business since 1976, offering a complete selection of carpet, flooring, and interior furnishings from top-quality brands. In the past 10 years, FCA has consistently ranked among the top U.S. retailers in Floor Covering Weekly's annual Top 50 Retailers list and currently operates four stores throughout Illinois and Indiana. Offering turnkey service, materials, value-minded selections, and special financing options, Floor Covering Associates is a top floor covering business in the country.

Investment Highlights

• Below Market Leases
• Average market rents in the subject retail corridors exceed those of the FCA properties across all locations —highlighting significant below-market leasing across the portfolio.
• • Naperville’s average market rent is $17.39 psf compared to the FCA property at $10.53 psf.
• • St. Charles has average market rents of $22.00 psf versus $13.55 psf at the FCA property.
• • Merrillville market rents average $9.00 psf across flex, office, and industrial properties; the FCA property is leased at $5.04 psf.
• • Shorewood market rents average $11.72 psf across flex, office, and industrial uses, while the FCA property stands at $4.58 psf.