EXCLUSIVELY LISTED INVESTMENT OFFERING · INFILL FLORIDA REAL ESTATE Exceptional infill Florida real estate, located just 16 miles east of downtown Tampa, and one hour west ... This

E X C L U S I V E L Y L I S T E D I N V E S T M E N T O F F E R I N G

Exclusively Listed By

Pharma Property Group | 5328 Banks Street, Suite B | San Diego, CA 92110 | 619.297.0055 | www.pharmapropertygroup.com

1011 BLOOMINGDALE AVENUE | VALRICO (TAMPA), FL 33596

TAMPA, FLORIDA INVESTMENT OPPORTUNITY

BELL SHOALS ROAD - ±26,000 VEHICLES PER DAY

BLOOMINGDALE AVENUE -±50,000 CARS PER DAY

JASON STUART PONGSRIKULManaging Principal

CA DRE Lic. 01918332Direct: 619-297-0055 x302

[email protected]

KEN MANTOVANIBroker of Record

FL DRE Lic. BK3043262Direct: 561-840-6789

[email protected]

page 2Jason Stuart PongsrikulManaging Principal, Pharma Property Group

Direct: [email protected]

1011 BLOOMINGDALE AVENUEVALRICO (TAMPA), FL 33596

Property Overview

Investment Highlights

Year Built: 1997Lot Size: 87,120 Square FeetBuilding Size: 15,930 Square Feet

1011 BLOOMINGDALE AVENUEVALRICO, FL 33596

STABLE INCOMERental income is guaranteed by Walgreens parent corporate (S&P BBB) investment grade, Fortune 500 Company, with over 8,000 locations.

COMMITMENT TO LOCATIONWalgreens recently renewed its first five year option showing commitment to this location. The store has solid reported sales and has been a strong performing Walgreens store for 20 years.

LEASE TERM REMAININGLease has five years remaining with seven (5 year) options to follow on a double net lease with Landlord responsible for roof and structure.

INFILL FLORIDA REAL ESTATEExceptional infill Florida real estate, located just 16 miles east of downtown Tampa, and one hour west of Orlando. Located on an intersection with traffic counts exceeding 70,000 cars per day and a one mile radius average income of $86,209.

INTERSECTION TRAFFIC EXCEEDS 70,000 VEHICLES PER DAYSubject property is located on the northeast corner of Bloomingdale Avenue (±50,000 vehicles per day) and Bell Shoals Road (±26,000 vehicles per day). This corner is highly traveled as it is the main artery for residents in the east traveling to Interstate 75 and Highway 301.

STRATEGIC CORNERProperty is located directly across the street from CVS, making this a strategic location for both CVS and Walgreens.

EXCEPTIONAL RETAIL BLOCKProperty is located on the main retail corridor of Valrico adjacent to Bloomingdale Square. This block houses over 560,000 square feet of retail space with national tenants such as Publix Super Market, Beall's Department Store, Payless ShoeSource, Dollar Tree, Ace Hardware, McDonald's, and more.


SUBJECT PROPERTY





Property Overview

BELL

SHOA

LS RO

AD - ±

26,00

0 VEH

ICLE

S PER

DAY


SUBJECT PROPERTY




Lease OverviewTenant:WALGREENS (NYSE: WAG)

Landlord Income: CORPORATE GUARANTEE

Credit Rating: INVESTMENT GRADE, BBB (S&P)

Lease Type: DOUBLE NET Landlord responsible for roof and structure.

Lease Term: 5 YEARS REMAINING WITH SEVEN (5 YEAR) OPTIONS TO FOLLOW

Next Option Begins: MAY 1, 2022

Pricing

Building

Price: $3,490,196

CAP: 7.65% CAP

Price/Square Foot: $219.09

Monthly Income: $22,250

Annual Income: $267,000

Building Square Footage: 15,930

Land Square Footage: 87,120

Rent/Square Foot: $16.76

Year Built: 1997

Location Overview

Valrico is a suburb of Tampa, located

in Hillsborogh County, Florida, just

one hour southwest of Orlando. It is

located on the west coast of Florida on Tampa

Bay, near the Gulf of Mexico and is part of the

Tampa Bay Metropolitan Area. Tampa is one

of the largest cities in the Tampa Bay Area,

which is estimated to have a population of

approximately 4,310,524 residents.

VALRICO (TAMPA), FLORIDA

SUBJECT PROPERTY




Retail Corridor

AREA DESCRIPTION

The subject property is located in a suburb fourteen miles east of downtown Tampa, and four miles east of Interstate 75. The property is surrounded by residential development with over 3,400 households with a total population of 9,580 and a median income of $86,209 within a one mile radius.

This property is located on the main retail corridor of Valrico adjacent to Bloomingdale Square, a 437,594 square foot shopping center anchored by Publix Super Market, and other tenants such as Beall's Department Store, Payless ShoeSource, Dollar Tree, Ace Hardware, McDonald's, Bank of America, Dunkin Donuts, Wells Fargo Bank, and Advance Auto Parts.

SUBJECT PROPERTY

BLOOMINGDALE AVENUE - ±50,000 CARS PER DAY




Property Photos

NORTH PARKING AREA

WEST SIDE OF BUILDING WITH DRIVE-THRU




Property Photos

SUBJECT PROPERTY

SUBJECT PROPERTY



BLOOMINGDALE AVENUE -±50,000 CARS PER DAYBE

LL SH

OALS

ROAD

- ±26

,000 V

EHIC

LES PE

R DAY




Company Summary*

Tenant HistoryWalgreens, headquarted in Deerfield, IL, is the largest drug retailing chain in the United States with more than 8,175 stores in all 50 states, the Disctrct of Columbia, Puerto Rico, and the U.S. Virgin Islands. Walgreens built out its national platform through its corporate real estate department heavily during the 1990’s continuing through the mid 2000’s. By 2012, Walgreens had opened its 8,000th store and later that year the company made a bold move by purchasing a 45% interest in Alliance Boots, a leading international pharmacy-led health and beauty group. Two years later, Walgreens exercised its option to purchase the remaining 55% of the Switzerland based Alliance Boots to merge and create a new holding company named Walgreens Boots Alliance(NASDAQ: WBA). This transaction brought together two leading companies with iconic brands, complementary geographic footprints, shared values and a heritage of trusted healthcare services through pharmaceutical wholesaling and community pharmacy care, dating back more than 100 years. Today, Walgreens is part of the Retail Pharmacy USA division of Walgreens Boots Alliance. The company sells prescription and non-prescription drugs and general merchandise including household products, convenience and fresh foods, personal care, beauty care, photo finishing, as well as home medical equipment, contact lenses, vitamins, supplements and other health and wellness solutions. Walgreens also provides specialty pharmacy services for managing complex and chronic health conditions. In addition to these in-store offerings, the company operates digital businesses that include Walgreens.com, Drugstore.com, Beauty.com, SkinStore.com, and VisionDirect.com.*Walgreens company information received from Walgreens investor relations.

tenant profileGuarantor: Walgreens Boots Alliance, Inc.Ownership: PublicStock Symbol (NASDAQ): WBACredit Rating (S&P): BBBBusiness: Retail PharmacyLocations: 8,175Annual Revenue: $117.35 BillionNet Worth: $29.88 BillionHeadquartrs: Deerfield, ILWebsite: www.walgreens.com

On Oct 27, 2015, Walgreens Boots Alliance entered into a merger agreement with Rite Aid Corporation (NYSE: RAD). The transaction is expected to close sometime in mid-2017, but is subject to Rite Aid stockholder approval, regulatory approvals and other customary closing conditions.




Locations by State

WA135

OR76

CA633

NV82

ID39

MT13

WY10

UT48

AZ244 NM

72

CO159

ND1

SD14

NE57

KS69

OK114

TX713 LA

158

AR81

MO212

IA70

MN152

IL598

MS76

AL113

FL831

US VIRGIN ISLANDS1

PR120

GA203

SC114

NC268

VA140

DC8

MD85

DE64

NJ197

CT92

RI25

MA163

VT3

NH31

WV16

PA123

NY469

ME14

AK12

HI20

TN252

KY95

OH247

WI225

IN190

MI228

Alabama 113 Idaho 39 Mississippi 76 Oklahoma 114 West Virginia 16

Alaska 12 Illinois 598 Missouri 212 Oregon 76 Wisconsin 225

Arizona 244 Indiana 190 Montana 13 Pennsylvania 123 Wyoming 10

Arkansas 81 Iowa 70 Nebraska 57 Rhode Island 25 Puerto Rico 120

California 633 Kansas 69 Nevada 82 South Carolina 114 US Virgin Islands 1

Colorado 159 Kentucky 95 New Hampshire 31 South Dakota 14

Connecticut 92 Louisiana 158 New Jersey 197 Tennessee 252

Delaware 64 Maine 14 New Mexico 72 Texas 713

Washington DC 8 Maryland 85 New York 469 Utah 48

Florida 831 Massachusetts 163 North Carolina 268 Vermont 3

Georgia 203 Michigan 228 North Dakota 1 Virginia 140

Hawaii 20 Minnesota 152 Ohio 247 Washington 135




Demographic Snapshot | Estimated 2017

Disclaimer: This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage, age, distances, lot size, store opening dates, demographic information, aerial information, tenant information & store operating information are approximate.

Buyer and their representatives understands that Walgreens tenant information was gathered by sources deemed to be reliable including Walgreens public quarterly and annual reports. Demographic information was provided by Nielsen Information Systems.

By accepting this package, buyer and their representatives must verify the information and bears all risk for any inaccuracies. © 2016 Pharma Property Group.

39.80

39.20

37.50

3 Mile

s

1 Mile

5 Mile

s

Average Age9,5

80

77,772

200,

953

5 Mile

s

3 Mile

s

1 Mile

Total Population

3,499

28,24

4

74,94

55 M

iles

3 Mile

s

1 Mile

Total Households

$86,2

09

$89,2

11

$82,1

10

3 Mile

s

1 Mile

5 Mile

s

Average Household Inc




Investment Property Recap

Lease Overview

PricingPrice: $3,490,196

Total Monthly Income: $22,250

Total Annual Income: $267,000

Tenant:Walgreens (NYSE: WAG)

Landlord Income: Corporate Guarantee

Credit Rating: Investment Grade, BBB (S&P)

Lease Type: Double NET LeaseLandlord responsible for roof and structure.

Lease Term: Five years remaining with seven (five year) options to follow

Next Option Begins: May 1, 2022

Year Built: 1997Total Lot Size: 87,120 Square FeetTotal Building Size: 15,930 Square Feet


Cap Rate: 7.65%

5328 Banks Street, Suite BSan Diego, CA 92110P 619.297.0055F 619.839.0828

www.pharmapropertygroup.com

E X C L U S I V E L Y L I S T E D I N V E S T M E N T O F F E R I N G


Jason Stuart PongsrikulManaging Principal

Direct: 619.297.0055 [email protected]

CA DRE Lic. #01918332

Listed in Association withKen Mantovani

Broker of RecordDirect: 561.840.6789

[email protected] DRE Lic. BK3043262

http://www.pharmapropertygroup.com

Documents

EXCLUSIVELY LISTED INVESTMENT OFFERING · INFILL FLORIDA REAL ESTATE Exceptional infill Florida real estate, located just 16 miles east of downtown Tampa, and one hour west ... This