Net Lease Walgreens for sale

www.bouldergroup.com

NET LEASED INVESTMENT OFFERINGNET LEASED INVESTMENT OFFERINGNET LEASED INVESTMENT OFFERINGNET LEASED INVESTMENT OFFERING

WalWalWalWalgreensgreensgreensgreens

9290 Wicker Avenue9290 Wicker Avenue9290 Wicker Avenue9290 Wicker Avenue (U.S. Rte(U.S. Rte(U.S. Rte(U.S. Rte 41)41)41)41) SSSStttt.... John, IN John, IN John, IN John, IN 46373 46373 46373 46373 (Chicago MSA)(Chicago MSA)(Chicago MSA)(Chicago MSA)

NET LEASED INVESTMENT OFFERING


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Confidentiality & Disclaimer

Executive Summary

Property Overview

Aerial

Site Plan

Map

Tenant Profile

Demographic Comparison Report

Location Overview

Contact Information

TABLE OF CONTENTS

TABLE OF CONTENTSTABLE OF CONTENTSTABLE OF CONTENTSTABLE OF CONTENTS



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.

CONFIDENTIALITY & DISCLAIMER

CONCONCONCONFIDENTIALITY & DISCLAIMERFIDENTIALITY & DISCLAIMERFIDENTIALITY & DISCLAIMERFIDENTIALITY & DISCLAIMER



The Boulder Group is pleased to exclusively market for sale a single tenant net leased Walgreens property located within the Chicago MSA. The 13,905 square foot Walgreens is located in the southern portion of the Chicago MSA (24 miles from downtown Chicago). This is a proven location for Walgreens as evidenced by a recent lease extension. The extension solidifies Walgreens’ lease through January 2030. Additionally, the property has strong sales history and a low rent to sales ratio. Store sales at this location have increased by 6.8% in the past three years.

The property is located on the northwest corner of the signalized intersection of Wicker Boulevard (US Rte. 41) and 93rd Avenue. This intersection experiences traffic volumes in excess of 31,000 vehicles per day creating consistent traffic flow at the property. There are numerous curb cuts providing multiple points of ingress and egress to the asset. Wicker Boulevard (US Rte. 41) is the major retail thoroughfare in St. John and is one of the most heavily traveled roadways in the area. The subject property is located in the primary retail trade area in close proximity to a recently constructed Target. Other nearby retailers include Tractor Supply, Strack & Van Til Food Market, Starbucks, Chase Bank and Fifth Third Bank. Additionally, residents living within three miles of the property enjoy average household income is in excess of $85,000.

Walgreens recently extended the primary term of the lease through January 2030. The lease has eight 5-year renewal options and the lease expires January 2030. Walgreens is a publicly traded company on the New York Stock Exchange (WAG), with a market capitalization of $45 Billion. Walgreens is an investment grade company with a Standard & Poor’s rating of BBB.

• Located within the Chicago MSA

• Proven location for Walgreens as evidenced by a recent lease extension (17 years remaining)

• Investment grade tenant (S&P: BBB)

• Traffic volumes along Wicker Boulevard (U.S. Rte. 41) in excess of 31,000 vehicles per day

• Strong sales performance at this location

• Sales increased year over year for the past three years

• Located within regional trade area

• Close proximity to a recently constructed Target

• Positioned on a hard corner of a signalized intersection

• Household in excess of $85,000 within three miles from the property

INVESTMENT HIGHLIGHTS

EXECUTIVE SUMMARY

EXECUTIVE SUMMARYEXECUTIVE SUMMARYEXECUTIVE SUMMARYEXECUTIVE SUMMARY



Price: $4,727,272

Cap Rate: 6.05%

Net Operating Income: $286,000

Rental Escalations: None

Renewal Options: Eight 5-Year

Lease Commencement Date: October 1, 1997

Lease Expiration Date: January 31, 2030

Tenant: Walgreens

Credit Rating: BBB (Standard & Poor’s)

Year Built 1997

Lease Type: NN (roof, structure, parking lot replacement)

Rentable Square Feet: 13,905

Land Acreage: 1.5 Acres

PROPERTY OVERVIEW

PROPERTY OVERVIEWPROPERTY OVERVIEWPROPERTY OVERVIEWPROPERTY OVERVIEW



AERIAL

AERIALAERIALAERIALAERIAL



SITE PLANSITE PLANSITE PLANSITE PLAN

SITE PLAN



MAP

MAPMAPMAPMAP



Website: www.walgreens.com

Number of Locations: 8,537

Stock Symbol: WAG : NYSE

Standard & Poor’s Rating: BBB

Market Capitalization: $45 Billion

Walgreens is engaged in retail drugstore business. As of February 28, 2013, the company operated 8,537 locations

in all 50 states, the District of Columbia, Puerto Rico and Guam. The company also operates worksite health centers,

home care facilities, and specialty and mail service pharmacies. Its Take Care Health Systems subsidiary manages

more than 715 in-store convenient care clinics and worksite health and wellness centers. The Company’s drugstores

are engaged in the retail sale of prescription and non-prescription drugs and general merchandise. General

merchandise includes, among other things, household items, personal care, convenience foods, beauty care,

photofinishing, candy, and seasonal items. Walgreens offers customers the choice to have prescriptions filled at the

drugstore counter, as well as through the mail, by telephone, and through the Internet. In March 2011, Walgreens

announced that it has completed the acquisition Drugstore.com.

TENANT PROFILE

TENANT PROFILETENANT PROFILETENANT PROFILETENANT PROFILE



PopulationPopulationPopulationPopulation 3333----mi.mi.mi.mi. 5555----mimimimi 10101010----mimimimi

Total Population 31,986 81,450 398,517 Total Households 11,331 29,298 146,831

IncomeIncomeIncomeIncome

Median Household Income $77,376 $74,662 $62,467 Average Household Income $85,962 $84,737 $71,246

DEMOGRAPHIC COMPARISON REPORT

DEMOGRAPHIC COMPARISON REPORTDEMOGRAPHIC COMPARISON REPORTDEMOGRAPHIC COMPARISON REPORTDEMOGRAPHIC COMPARISON REPORT

The metro is also a major financial center in North America, and is home to the largest futures exchange in the United States, the CME Group. Chicago is the competitiveness of financial centers based on people, business environment, market access, infrastructure and general competitiveness.

www.cityofchicago.com

St. JohnSt. JohnSt. JohnSt. John is a town located within Lake County in the northwest corner of Indiana, approximately 24 miles southeast of Chicago, Illinois and approximately four miles east of the Illinois according to the 2010 census Lake County had a population of 495,558.

St. John is part of St. John Township, Hanover Township and Center Township, and in 2009 St. John wStates. St. John has a population of 14,850 according to the 2010 census. St. John is located near Interstate 65 and Illinois route 394 which connect to surrounding communities and the rest ofCounty include Ameristar Casino, BP, Cargill, Commonwealth Edison, Horseshoe Casino, PepsiAmericas and U.S. Steel.

www.stjohnin.com

Chicago Chicago Chicago 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 metropoli

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 Inte

world in terms of traffic movement.



LOCATION OVERVIEW

LOCATION OVERVIEWLOCATION OVERVIEWLOCATION OVERVIEWLOCATION OVERVIEW

The metro is also 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

is a town located within Lake County in the northwest corner of Indiana, approximately 24 miles southeast of Chicago, Illinois and approximately four miles east of the Illinois – Indiana border. Lake County is included in the Chicago MSA, and according to the 2010 census Lake County had a population of 495,558.

St. John is part of St. John Township, Hanover Township and Center Township, and in 2009 St. John was ranked 48th among CNN’s top 100 places to live in the United States. St. John has a population of 14,850 according to the 2010 census. St. John is located near Interstate 65 and Illinois route 394 which connect to surrounding communities and the rest of the county. Major corporations with a presence in Lake County include Ameristar Casino, BP, Cargill, Commonwealth Edison, Horseshoe Casino, PepsiAmericas and U.S. Steel.

www.stjohnin.com

is the most populous city in the Midwestern United States and the third most





Chicago metropolitan area is home to the corporate headquarters of 57 Fortune



and infrastructure and O'Hare International Airport is the second busiest airport in the

world in terms of traffic movement.

LOCATION OVERVIEW

The metro is also a major financial center in North America, and is home to the largest futures exchange in the 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

is a town located within Lake County in the northwest corner of Indiana, approximately 24 miles southeast of Chicago, Illinois and approximately four miles

Indiana border. Lake County is included in the Chicago MSA, and according to the 2010 census Lake County had a population of 495,558.

St. John is part of St. John Township, Hanover Township and Center Township, and in among CNN’s top 100 places to live in the United

States. St. John has a population of 14,850 according to the 2010 census. St. John is located near Interstate 65 and Illinois route 394 which connect to surrounding

the county. Major corporations with a presence in Lake County include Ameristar Casino, BP, Cargill, Commonwealth Edison, Horseshoe

is the most populous city in the Midwestern United States and the third most





tan area is home to the corporate headquarters of 57 Fortune



rnational Airport is the second busiest airport in the



666 Dundee Road Suite 1801 Northbrook, IL 60062

Randy Blankstein President 847.562.0003 [email protected]

Jimmy Goodman Partner 847.562.8500 [email protected]

CONTACT INFORMATION

CONTACT INFORMATIONCONTACT INFORMATIONCONTACT INFORMATIONCONTACT INFORMATION

Net Lease Walgreens for sale

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