investment offering 203 N Mechanic Street · conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions, ... Founded in

WALGREENS203 N Mechanic StreetEl Campo (Outside Houston), TXinvestment offering

Actual Site

DISCLAIMER

John R. WertzTel: (619) [email protected] Lic No. 01448585

Financial Overview

Tenant Overview

Executive Summary

Property Photos

Location Map

Area Map

Market Overview

Demographic Report

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Listed in conjunction with Texas broker David B. Zacharia licence 634656 ofDZ Net Lease Realty, LLC 9002821

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This Marketing Package was prepared by Wertz Real Estate Investment Services and DZ Net Lease Realty, LLC (“Broker”) solely for the use of prospective buyer considering the purchase of the Property within (the “Property”) and is not to be used for any other purpose. Neither the Broker nor the Owner of the Property make any representation or warranty, expressed or implied, as to the completeness or accuracy of the material contained in the Marketing Package.

Prospective purchasers of the Property are advised that changes may have occurred in the physical or financial condition of the Property since the time this Marketing Package or the financial statements herein were prepared. Prospective purchasers acknowledge that this Marketing Package and the financial statements herein were prepared by Broker, and not by Owner, and are based upon assumptions or events beyond the control of both Broker and Owner, and therefore may be subject to variation. Other than current and historical revenue and operating expense figures for the Property, Owner has not, and will not, provide Broker or any prospective purchaser with any projections regarding the Property. Prospective purchasers of the Property are advised and encouraged to conduct their own comprehensive review and analysis of the Property.

The Marketing Package is a solicitation of interest only and is not an offer to sell the Property. The Owner and Broker expressly reserve the right, at their sole discretion, to reject any or all expression of interest or offers to purchase the Property and expressly reserve the right, at their sole discretion, to terminate discussions with any entity at any time with or without notice.

The Owner shall have no legal commitments or obligations to any entity reviewing the Marketing Package or making an offer to purchase the Property unless and until such offer is approved by Owner pursuant to its Governing Authorities and the signature of the Owner or Owner’s representative is affixed to a Real Estate Purchase Agreement prepared by Owner.

This Marketing Package is confidential. By accepting the Marketing Package, you agree (i) that you will hold and treat the Marketing Package and its contents in the strictest confidence, (ii) that you will not photocopy or duplicate any part of the Marketing Package, (iii) that you will not disclose the Marketing Package or any of its contents to any entity without the prior authorization of the Owner, and (iv) that you will not use the Marketing Package in any fashion or manner detrimental to the Owner or Broker.

Broker has obtained the information contained in this Marketing Package from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, changes of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions, or estimates for example only, and they may not represent current or future performance of the Property. You and your tax and legal advisors should conduct your own investigations of the physical condition of the Property and of the financial performance of its future Ownerships.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT BROKER FOR MORE DETAILS.

TABLE OF CONTENTS

For more information contact:

Greg LaBarreTel: (619 [email protected] Lic. No. 02069301

financial overview

The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.

Listed in conjunction with Texas broker David B. Zacharia licence 634656 ofDZ Net Lease Realty, LLC 9002821

PRICE $5,234,782

DOWN PAYMENT 100% / $5,234,782

RENTABLE SQUARE FEET 14,820 SF

cap rATE 5.75%

year built 2005

lot size 1.95 Acres

type of ownership Fee Simple

OFFERING SUMMARY

TENANT TRADE NAME Walgreens

OWNERSHIP Public

LEASE GUARANTOR Corporate

LEASE TYPE Absolute NNN

roof & structure Tenant Responsible

original lease term 25 Years

lEASE COMMENCEMENT DATE January 1, 2006

lease expiration date December 31, 2030

term remaining on lease 12 Years

OPTIONS TO RENEW (10) 5-Year Options

RIGHT OF FIRST REFUSAL Yes (10 Days)

TENANT SUMMARY Actual Site

Actual Site

The Walgreen CompanyFounded in 1901 as a single drugstore, Walgreens today is a provider of trusted care in communities around the U.S. Through constant innovation, Walgreens has a history of breaking new ground to meet its customers’ needs and improve their health, from offering self-service stores beginning in the 1950s to devel-oping a 5-star rated mobile app today. In its pharmacies, Wal-greens was the first major drugstore chain to put prescriptions into child-resistant containers in the 1960s (long before it was required by law) and in 2016 was the first to offer safe medication disposal kiosks in its stores.

This drive to innovate led Walgreens to merge with Europe-an-based Alliance Boots in 2014 to form Walgreens Boots Alliance, Inc., the first global pharmacy-led, health and well-being enterprise. Combining Walgreens with the Boots pharmacy chain and pharmaceutical distributor Alliance Healthcare has created opportunities to bring global beauty brands to Walgreens U.S. customers and offer more value to pharmacy patients through global pharmaceutical supply chains and group purchasing.

As today’s health care and retail markets continue to evolve, cus-tomers are redefining value and convenience as they change the way they shop and adopt new technologies. Anticipating these changes, Walgreens is accelerating its transformation as a cus-tomer-led company and creating a new health care and retail experience.

TENANT overview


TENANT TRADE NAME Walgreens

OWNERSHIP Public


LEASE TYPE Absolute NNN

roof & structure Tenant Responsible

original lease term 25 Years

lEASE COMMENCEMENT DATE January 1, 2006

lease expiration date December 31, 2030

term remaining on lease 12 Years


RIGHT OF FIRST REFUSAL Yes (10 Days)

PROPERTY NAME WalgreensPROPERTY ADDRESS 203 N Mechanic Street El Campo, TX 77437

PROPERTY TYPE Drugstore

PARENT COMPANY Walgrens Boots Alliance

oWNERSHIP Public


stock symbol WBA

BOARD NASDAQ

TERM REMAINING ON LEASE Twelve (12) Years


lease type Absolute NNN

LANDLORD RESPONSIBILITY None

net operating income $301,000

no. of locations 9,500+

headquartered Deerfield, IL

website www.walgreens.com

years in the business Since 1901


executive summaryINVESTMENT OVERVIEWThe subject property is a Walgreens double drive-thru located in a growing suburb just outside Houston - El Campo, Texas. There are approximately 12-years remaining on the absolute NNN lease with (10) 5-year options. The Walgreens is located at the signalized intersection of North Mechanic Street and East Jackson Street, which boasts high traffic counts over 19,000 vehicles per day. This Walgreens location thrives with strong reported store sales as it is the only Walgreens in El Campo with no competing CVS or Rite Aid locations. National retailers in the vicinity include H.E.B, Dominoes, Dairy Queen, Wal-Mart, Whataburger, NAPA Auto Parts, AutoZone, First Financial Bank, Family Dollar, McDonalds, Shell, Dollar Tree, Sonic, Taco Bell, and Exxon.

A revitalization plan for downtown El Campo, Texas has been developed by Texas Target Communities (TTC) in partnership with the City of El Campo. The Texas Target Communities program is a high-impact service learning and community outreach program within Texas A&M University’s Public Partnership and Outreach department. The primary motive is to encourage the establishment of unique businesses and activities to attract residents and visitors to the downtown area. The plan promotes infill development to attract retail and commercial establishments that align with the City’s future land use. This Walgreens property is positioned within the proposed revitalization master plan, further adding to its ongoing value within the community.

INVESTMENT HIGHLIGHTS

• Absolute NNN Lease with 12-Years Remaining

• Strong Reported Store Sales

• Double Drive-Thru

• Corporate Guarantee

• Investment Grade Tenant (S&P Rated BBB)

• Signalized Intersection with High Traffic Counts Exceeding 19,000 Vehicles Per Day

• The Only Drive-Thru Pharmacy within 14 Miles

• Four Points of Ingress Egress and Easy Access off of N Mechanic Street, E Jackson Street, Farehnthold Street, and W Hillje Street

• Walgreens is the Second Largest Drugstore Company in the United States with over 9,500 drugstores


SUBJECT PROPERTY


Actual Site

subject property


Actual Site

subject property


AERIAL PHOTO


East Jackson Street

North Mechanic Street

19,100 VPD

EL CAMPO HIGH SCHOOL

AERIAL pHOTO


North Mechanic Street

East Jackson Stre

et

LOCATION MAP


AREA MAP



EL CAMPO, TEXASEl Campo is the largest city in Wharton County, Texas, United States. It is located about seventy miles southwest of Houston and about 40 miles from the coast. A small town in Texas, El Campo has a long history of cattle ranching. Four large ranches - The Texas Land and Cattle Company (K.O. Ranch) to the south, Pierce Ranch to the east, Herder Ranch to the west, and Brown Ranch to the north, surrounded El Campo.

El Campo is situated in the center of an area referred to today as the Coastal Plains of Texas. Because of the bountiful native grasses, these planes were used as open range for cattle by Spanish explorers, later by Mexican cattlemen and then settlers brought in by Colonist Stephen F. Austin. During the mid-1880s, El Campo was the largest prairie hay shipping point in the entire United States. After Texas won its independence from Mexico, German, Irish and Swedish immigrants moved into the area and cattle production remained the principal income of the people. The real development of El Campo did not begin until the destructive fire of 1896, in which the principal business section of the city was destroyed. After years of rebuilding, the City of El Campo became "officially" incorporated in 1905. 1909 brought disaster to El Campo again as "The Great Storm" hit. Many El Campo businesses suffered greatly, but the perseverance and intestinal fortitude of the citizenry held true as they started over again.

The mid 1930s brought the newly discovered commodity of "liquid gold" as oil and gas spawned the way of the petroleum and oil field related industries. The petroleum industry also brought new life and spurred on the development of new, more modern technology, as well as diversifying the local economic base. Today, the economy of El Campo, TX is specialized in Mining, Quarrying, Oil, Gas Extraction; Agriculture, Forestry, Fishing, Hunting, and Wholesale trade. It remains a tight knit community with steady growth and citizens devoted to the continuous prosperity of this historical town.

MARKET overview

Mining, Quarrying, OilRemain integral aspects of the Economy of El Campo

Fishing and Hunting Are some of the more popular recreational activities enjoyed by locals

Long HistoryOf Cattle Ranching in thesurrounding area


population 1 MILE 3 MILES 5 miles

2019 Estimate 6,240 13,619 15,398

2024 Projection 6,368 14,261 15,891

Percent Change 2019-2024 2.05% 3.12% 3.20%

Median Age 36.30 37.64 37.77

Families at or Above Poverty 81.42% 83.46% 83.88%

households 1 MILE 3 MILES 5 miles

2019 Est. Avg. HH Income $67,847.80 $68,115.20 $68,427.17

2024 Projection 3,724 5,401 13,377

2019 Est. Households 2,222 4,941 5,495

Percent Change 2010-2019 2.00% 1.95% 2.10%

Percent Change 2019-2014 2.75% 3.12% 3.33%

DEMOGRAPHIC REPORT



ACTUAL SITE

Wertz Real Estate Investment Services3138 Roosevelt Street, Suite L

Carlsbad, CA 92008Tel: (760) 453-7866Fax: (858) 408-1830

www.wertzrealestate.com

Listed in Conjuction with Texas brokerDavid B Zacharia license 634656 of

DZ Net Lease Realty, LLC license 9002821


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DZ Net Lease Realty, LLC 9002851 [email protected] 702.304.9900

David B Zacharia 634656 [email protected] 702.304.9900

Documents

investment offering 203 N Mechanic Street · conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions, ... Founded in