Upload
others
View
2
Download
0
Embed Size (px)
Citation preview
OFFERING MEMORANDUM
At the Gate of the Air Force’s Largest Installation Base
SAN ANTONIO TEXAS
Walgreens
CONFIDENTIALITY AND DISCLAIMERThe information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure 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. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap 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.
NON-ENDORSEMENT NOTICEMarcus & Millichap Real Estate Investment Services, Inc. (“M&M”) is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of w, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of M&M, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.
Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOURMARCUS & MILLICHAP AGENT FOR MORE DETAILS.
Walgreens
285
285
285
285
285A
380
380
54
54
56
6060
62
64
64
70
70
70
82
84
84
84
85
169
177
177
177
177
183
183
183
183
259
270
270
270
270
271
277
281
281
283
283
287
412412
412
56
59
59
60
60
60
62
62
62
62
64
64
6464
64
69
69
69
70
7070
75
75
75
77
77
81
81
81
160
60 65
71
270
412
64
67
70
71
71
79
82
171
190
71
71
80
84
175
180
180180
181
183
183
183
183
183
190
190190
190
190
259
259
271
277
277
277
277
277
281
281
281
281
281
283
283
283
285
285
287
287
287
287
287
287
287
290
290
290
377
377
377
377
377
380380
380
385
385
385
385
385
385
54
54
57
59
59
59
59
59
59
60
60
62
62
62
62
62
67
67
67
67
67
69
69
69
69
70
70
77
77
77
77
77
77
79
79
79
79
80
80
81
81
81
8282
82
83
83
83
83
83
83
83
84
84
84
84
84
84
87
87
87
87
87
87
87
87
87
90
90
90
90
90
90A
96
96
Toll
Toll
Toll
Toll
Toll
Toll
Toll
Toll
Toll
Toll
10
25
25
25
40
35
35
40
40
44
44
44
30
40
49
10
10
10
10
10
20
20 20
20
27
30
35
35
35
35W
37
40
45
45
45
Palo Alto Battlefield NHS
Padre Island NS
Big Bend NP
Amistad NRA
Lyndon B. Johnson NHP
Big Thicket N PRES
GuadalupeMountains NP
Carlsbad Caverns NP
White Sands NM
Chickasaw NRA Hot Springs NP
Petroglyph NM
Alibates Flint Quarries NM
Lake Meredith NRA Bandelier NM
Buffalo NR
Pea Ridge NMP
North Fork
Brady Creek
Pedernales River
Kiamichi R.
Illinois River
Wolf Creek
Mora R.
Ute Creek
Gallinas R.
Frio River
Medina River
San Antonio R.
Nueces R.
RIO GRANDE W. Nueces R.Rio Conchos
RIO G
RANDE
Angelina R.
Neches R.Trinity River
Sobi
ne R
.
Little River
Sulphur R.
Concho R.
Neches R.
Trinity R.
Colorado R.
Brozas R.
Llano R.
Salt Fork
RED RIVERRed R.
Brazos River
Clear Fork
Pecos R.
Brazos R.
Pecos River
Pecos River
RIO GRANDE
Salt Fork
Cimarron R.
Cimarron R.
Washita River
Candadian R
Beaver R.
Corrizo Creek
Canadian R.
CANADIAN RIVER
Canadian R.
N. Fork Red R.
Pecos R.
Rio
Gra
nde
Hubbard Creek L.
L. Kemp
Red Bluff Reservoir
Abiquiu Res.
L. Altus
L. Arrowhead
Atoka L.
Broken Bow L.
L. Buchanan
Canton L.
Cedar Creek Res.
L. Conroe
L. Corpus Christi
Cross L.
E V Spence Res.
Eagle Mountain L.
Fort Cobb Res.
Fort Gibson L.
L. Houston
L. Hudson
L. J B Thomas
Kaw L.
Keystone L.
Lavon L.
L. Meredith
Millwood L.
Navarro Mills L.
Nimrod L.
Oologah L.
Pine Creek L.
L. Stamford
L. Sumner
L. Tawakoni
Tenkiller Ferry L.
L. Thunderbird
Twin Buttes Res.
Ute Res.
Calcasieu L.
Amistad Res.
Beaver L.
Conchas L.
Falcon Res.
Lake of the Cherokees
L. Livingston
Table Rock L.
L. Texoma
L. Whitney
L. Dardanelle
Eufaula Res.
LA
GU
NA
MA
DR
E
WESTBAY
MATAGORDABAY
SAN ANTONIOBAY
G U L F
O F
M E X I C O
B E R N A L I L L O
C H AV E S
C O L F A X
C U R R Y
D E B A C A
D O N A A N A
E D D Y
G U A D A L U P E
H A R D I N G
L E A
L I N C O L N
L O S A L A M O S
M O R A
O T E R O
Q U AY
R I O A R R I B A
R O O S E V E LT
S A N D O VA L
S A N M I G U E LS A N TA F E
S I E R R A
S O C O R R O
TA O S
T O R R A N C E
U N I O N
VA L E N C I A
A D A I R
A L F A L F A
AT O K A
B E AV E R
B E C K H A M
B L A I N E
B R YA N
C A D D O
C A N A D I A N
C A R T E R
C H E R O K E E
C H O C TA W
C I M A R R O N
C L E V E L A N D
C O A L
C O M A N C H E
C O T T O N
C R A I G
C R E E K
C U S T E R
D E L A W A R E
D E W E Y
E L L I S
G A R F I E L D
G A R V I N
G R A D Y
G R A N T
G R E E R
H A R M O N
H A R P E R
H A S K E L L
H U G H E S
J A C K S O N
J E F F E R S O N
J O H N S T O N
K AY
K I N G F I S H E R
K I O W A
L AT I M E R
L E F L O R E
L I N C O L N
L O G A N
L O V E
M C C L A I N
M C C U R TA I N
M A C I N T O S H
M A J O R
M A R S H A L L
M AY E S
M U R R AY
M U S K O G E E
N O B L E
N O W ATA
O K F U S K E EO K L A H O M A
O K M U L G E E
O S A G E
O T TA W A
PA W N E E
PAY N E
P I T T S B U R G
P O N T O T O C
P O T TA W AT O M I E
P U S H M ATA H A
R O G E R M I L L S
R O G E R S
S E M I N O L E
S E Q U O YA H
S T E P H E N S
T E X A S
T I L L M A N
T U L S A W A G O N E R
W A S H I N G T O N
W A S H I TA
W O O D S
W O O D W A R D
B A R R Y
C H R I S T I A NL A W R E N C E
M C D O N A L D
N E W T O N
S T O N E
TA N E Y
B E N T O NB O O N EC A R R O L L
C L A R K
C O L U M B I A
C R A W F O R D F R A N K L I N
G A R L A N D
H E M P S T E A D
H O T S P R I N G
H O W A R D
J O H N S O N
L A F AY E T T E
L I T T L E R I V E R
L O G A N
M A D I S O N
M I L L E R
M O N T G O M E R Y
N E VA D A
N E W T O N
P E R R Y
P I K E
P O L K
P O P E
S C O T T
S E B A S T I A N
S E V I E R
W A S H I N G T O N
Y E L L
B E A U R E G A R D
B I E N V I L L E
B O S S I E R
C A D D O
C A L C A S I E U
C A M E R O N
C L A I B O R N E
D E S O T O
N AT C H I T O C H E S
R E DR I V E R
S A B I N E
V E R N O N
W E B S T E R
A N D E R S O N
A N D R E W S
A N G E L I N A
A R A N S A S
A R C H E R
A R M S T R O N G
ATA S C O S A
A U S T I N
B A I L E Y
B A N D E R A
B A S T R O P
B AY L O R
B E E
B E L L
B E X A R
B L A N C O
B O R D E N
B O S Q U E
B O W I E
B R A Z O R I A
B R A Z O S
B R E W S T E R
B R I S C O E
B R O O K S
B R O W N
B U R L E S O N
B U R N E T
C A L D W E L L
C A L H O U N
C A L L A H A N
C A M E R O N
C A M P
C A R S O N
C A S S
C A S T R O
C H A M B E R S
C H E R O K E E
C H I L D R E S S
C L AY
C O C H R A N
C O K E
C O L E M A N
C O L L I N
C O L L I N G S W O R T H
C O L O R A D O
C O M A L
C O M A N C H E
C O N C H O
C O O K E
C O R Y E L L
C O T T L E
C R A N E
C R O C K E T T
C R O S B Y
C U L B E R S O N
D A L L A M
D A L L A S
D A W S O N
D E A F S M I T H
D E LTA
D E N T O N
D E W I T T
D I C K E N S
D I M M I T
D O N L E Y
D U VA L
E A S T L A N D
E C T O R
E D W A R D S
E L L I S
E L PA S O
E R AT H
F A L L S
F A N N I N
F AY E T T E
F I S H E R
F L O Y D
F O A R D
F O R T B E N D
F R A N K L I N
F R E E S T O N E
F R I O
G A I N E S
G A LV E S T O N
G A R Z A
G I L L E S P I E
G L A S S C O C K
G O L I A D
G O N Z A L E S
G R AY
G R AY S O N
G R E G G
G R I M E S
G U A D A L U P E
H A L E
H A L L
H A M I LT O N
H A N S F O R D
H A R D E M A N
H A R D I N
H A R R I S
H A R R I S O N
H A R T L E Y
H A S K E L L
H AY S
H E M P H I L L
H E N D E R S O N
H I D A L G O
H I L L
H O C K L E Y
H O O D
H O P K I N S
H O U S T O N
H O W A R D
H U D S P E T H
H U N T
H U T C H I N S O N
I R I O N
J A C K
J A C K S O N
J A S P E R
J E F F D AV I S
J E F F E R S O N
J I M H O G G
J I MW E L L S
J O H N S O N
J O N E S
K A R N E S
K A U F M A N
K E N D A L L
K E N E D Y
K E N T
K E R R
K I M B L E
K I N G
K I N N E Y
K L E B E R G
K N O X
L A M A R
L A M B
L A M PA S A S
L A S A L L E
L AVA C A
L E E
L E O N
L I B E R T Y
L I M E S T O N E
L I P S C O M B
L I V E O A K
L L A N O
L O V I N G
L U B B O C K
LY N N
M C C U L L O C H
M C L E N N A N
M C M U L L E N
M A D I S O N
M A R I O N
M A R T I N
M A S O N
M ATA G O R D A
M AV E R I C K
M E D I N A
M E N A R D
M I D L A N D
M I L A M
M I L L S
M I T C H E L L
M O N TA G U E
M O N T G O M E R Y
M O O R E
M O R R I S
M O T L E Y
N A C O G D O C H E S
N AVA R R O
N E W T O N
N O L A N
N U E C E S
O C H I LT R E E
O L D H A M
O R A N G E
PA L O P I N T O
PA N O L A
PA R K E R
PA R M E R
P E C O S P O L K
P O T T E R
P R E S I D I O
R A I N S
R A N D A L L
R E A G A N
R E A L
R E D R I V E R
R E E V E S
R E F U G I O
R O B E R T S
R O B E R T S O N
R O C K W A L L
R U N N E L S
R U S K
S A B I N E
S A NA U G U S T I N E
S A NJ A C I N T O
S A N PAT R I C I O
S A N S A B A
S C H L E I C H E R
S C U R R Y S H A C K L E F O R D
S H E L B Y
S H E R M A N
S M I T H
S O M E R V E L L
S TA R R
S T E P H E N S
S T E R L I N G
S T O N E W A L L
S U T T O N
S W I S H E R
TA R R A N T
TAY L O R
T E R R E L L
T E R R Y
T H R O C K M O R T O N
T I T U S
T O MG R E E N
T R AV I S
T R I N I T Y
T Y L E R
U P S H U R
U P T O N
U VA L D E
VA L V E R D E
VA NZ A N D T
V I C T O R I A
W A L K E R
W A L L E R
W A R D
W A S H I N G T O N
W E B B
W H A R T O N
W H E E L E R
W I C H I TAW I L B A R G E R
W I L L A C Y
W I L L I A M S O N
W I L S O N
W I N K L E R
W I S E
W O O D
Y O A K U M
Y O U N G
Z A PATA
Z AVA L A
Anthony
Bernalillo
Bosque Farms
Clayton
Corrales
Eunice
Jal
Ruidoso
Santa Rosa
Santo Domingo Pueblo
Taos
Tularosa
White Sands
Belen
Espanola
Holloman AFBLovington
Portales
Raton
Socorro
Tucumcari
White Rock
Antlers
Arkoma
Atoka
Bristow
Broken Bow
Carnegie
Chandler
Checotah
Cherokee
Cleveland
Coalgate
Eufaula
Fairview
Glenpool
Grove
Hartshorne
Heavener
Hennessey
Hobart
Hollis
HominyJay
Lindsay
Lone Grove
Mangum
Marietta
New Cordell
Newkirk
Noble
Nowata
Okemah
Pawhuska
Picher
Prague
Purcell
Sayre
Spiro
Stigler
Stilwell
Tishomingo
Tonkawa
Tuttle
Walters
Watonga
Waurika
Wynnewood
Alva
Clinton
Elk City
Frederick
Guymon
Holdenville
Hugo
Idabel
Marlow
Perry
Poteau
Sulphur
Tahlequah
Turley
Vinita
Wewoka
Branson
Cassville
MonettNeosho
Alma
Ashdown
Bella Vista
Berryville
Booneville
De Queen
Greenwood
Hot Springs Village
Nashville
Prescott
Waldron
Clarksville
Mena
Siloam Springs
Homer
Many
Vivian
Leesville
Mansfield
Springhill
Abernathy
Albany
Alvarado
Anson
Anthony
Bacliff
Ballinger
Bastrop
Bellville
Bessmay-Buna
Big Lake
Bishop
Boerne
Burnet
Caldwell
Canadian
Canton
Cedar Park
Cisco
Clarendon
Clarksville
Clifton
Clyde
Comanche
Cooper
Cotulla
Crane
Crosbyton
De Kalb
De Leon
Decatur
Devine
Dilley
Dublin
Eldorado
Elgin
Fabens
Fairfield
Floresville
Floydada
Freer
Friona
Fritch
George West
Giddings
Glen Rose
Groesbeck
Hale Center
Hallettsville
Hamilton
Haskell
Hebbronville
Henrietta
Hidalgo
Howe
Idalou
Jefferson
Junction
Karnes City
Kenedy
Kountze
Kyle
La Grange
Laughlin AFB
Lindale
Livingston
Llano
Lockney
Lone Star
Lumberton
Madisonville
Malakoff
Marble Falls
Marfa
Mason
McCamey
Memphis
Mineola
Morton
Muleshoe
Nixon
Nocona
Olney
Olton
Ozona
Paducah
Palacios
Panhandle
Post
Premont
Quanah
Ralls
Ranger
Refugio
Rockport
Rosebud
Rotan
Rusk
San Augustine
San Saba
Sanger
Schulenburg
Seagraves
Sealy
Seymour
Shamrock
Sonora
Spearman
Spring Valley
Stafford
Stamford
Stanton
Stinnett
Sweeny
Three Rivers
Tomball
TrinityVan Horn
Wake Village
Wellington
West
West Lake Hills
Wills Point
Winnie
Winnsboro
Winters
Woodville
Zapata
Alpine
Aransas Pass
Atlanta
Bellmead
Bowie
Brady
Breckenridge
Cameron
Carrizo Springs
Center
Childress
Cleveland
Coleman
Colorado City
Crockett
Crystal City
Cuero
Dalhart
Diboll
Dimmitt
Edna
Falfurrias
Fort Stockton
Gatesville
Georgetown
Gilmer
Gonzales
Graham
Hearne
Highlands
Hillsboro
Hitchcock
Iowa Park
Jasper
Kermit
Kirby
Littlefield
Live Oak
Lockhart
Luling
Marlin
Mathis
Mexia
Monahans
Navasota
Pearsall
Perryton
Pleasanton
Raymondville
Rio Grande City
San Diego
Seminole
Sinton
Tulia
WhartonYoakum
Carlsbad
Clovis
Hobbs
Las Cruces
Roswell
South Valley
Alamogordo Artesia
Las Vegas
Los Alamos
Bartlesville
Del City
EdmondMuskogee
Ponca City
Shawnee
Stillwater
Ada
Altus
Ardmore
Bethany
Chickasha
Claremore
Duncan
Durant
El Reno
Fort Sill
Guthrie
McAlester
Miami
Okmulgee
Sapulpa
Woodward
Fayetteville
Hot Springs
Arkadelphia
Hope
Magnolia
Rogers
Russellville
Springdale
Texarkana
Van Buren
De Ridder
Fort Polk South
Minden
Natchitoches
Bryan
Del Rio
Denton
Harlingen
Killeen
Kingsville
Lufkin
Nacogdoches
Paris
Sherman
Temple
Texas City
Aldine
Alice
Andrews
Athens
Beeville
Belton
Big Spring
Borger
Brenham
Brownfield
Brownwood
Burkburnett
Burleson
Canyon
Champions
Cleburne
Conroe
Copperas Cove
Corsicana
Dumas
Eagle Pass
El Campo
Ennis
Fort Bliss
Freeport
Friendswood
Gainesville
Greenville
Groves
Henderson
Hereford
Huntsville
Jacksonville
Kerrville
Kilgore
Lackland AFB
Lamesa
Lancaster
Levelland
Lewisville
McKinney
Mission
Nederland
New Braunfels
Orange
Palestine
Pampa
Pecos
Plainview
Port Lavaca
Portland
Rosenberg
Round Rock
San Benito
San Marcos
Seguin
Snyder
Stephenville
Sulphur Springs
Sweetwater
Uvalde
Vernon
Aguhta
Anahuac
Benavides
Bustamante
Cadereyta
Candela
Castanos
China
Cienega De Flores
Ciudad Camargo
Ciudad Cuauhtemoc
Ciudad Lerdo
Delicias
El Alamo
El Carmen
General Bravo
General Cepeda
General Teran
General Zuazua
Gomez Palacio
Guadalupe
Guerrero
Jimenez
Matamoros
Meoqui
Montemorelos
Morelos
Muzquiz
Nadadores
Naica
Nava
Nueva Rosita
Parras
Potrero Del Llano
Progreso
Ricardo Flores Magon
Rio Bravo
Sabinas
Sabinas Hidalgo
San Buenaventura
San Luis Del Cordero
San Pedro
San RafaelSantiago Papasquiaro
Viesca
Villa Ahumada
Villa Frontera
Villa Union
Villaldama
Zaragoza
Zaragoza
Enid
Lawton
NormanFort Smith
Lake Charles
Amarillo
Beaumont
GarlandIrving
Lubbock
Pasadena
Waco
Abilene
Baytown
Brownsville
Galveston
Grand Prairie
Laredo
Longview
McAllen
MidlandOdessa
Plano
Port Arthur
Richardson
San Angelo
Tyler
Victoria
Wichita Falls
Matamoros
Reynosa
Albuquerque
Tulsa
Shreveport
Corpus Christi
Dallas
El Paso
Fort Worth
Houston
San Antonio
Santa Fe
Oklahoma City
Austin
Chihuahua
Monterrey
Saltillo
Arkansas
Louisiana
New Mexico
Oklahoma
Missouri
TEXAS
Mexico
Investment Summary .........................................1Investment Highlights.........................................2Aerial Map .........................................................6Tenant Summary ................................................7Site Plan ..........................................................11Area Map .........................................................13 Location Overview ............................................15Location Highlights ...........................................17Demographics ..................................................18Contact Information .........................................20
TABLE OF CONTENTS
Walgreens
Walgreens
O V E R V I E WPrice $6,428,571
Gross Leasable Area (GLA) 14,820 SF
Lot Size (approx.) 2.09 Acres
Net Operating Income $360,000
CAP Rate 5.60%
Year Built / Renovated 2008
L E A S E A B S T R A C TLease Type NNN
Lease Term Remaining 14.5 Years
Lease Start 1/7/2008
Lease Expiration 1/6/2033
Renewal Options 50x1
Increases Flat
Roof & Structure Tenant Responsible
502 NEW VALLEY HI DRIVE, SAN ANTONIO, TX 78227
PRICE: $6,428,571 CAP: 5.60% RENT: $360,000
INVESTMENT SUMMARY
A N N U A L I Z E D O P E R AT I N G D ATA
Lease Term Annual Rent
Current Term $360,000
1
INVESTMENT HIGHLIGHTSThe subject site is most influenced by: Lackland Air Force Base is home to more than 120 Department of Defense and associate organizations, including the 37th Training Wing, the largest training wing in the U.S. Air Force. Lackland is the Air Force's only site for enlisted basic military training, and also offers professional and technical skills, and English language training for members of the U.S. Air Force, other military services, government agencies, and allies. Its four primary training functions graduate more than 86,000 students annually. In 2005, Lackland was recommended for joint basing for the three major installations around the city: Fort Sam Houston, Lackland AFB and Randolph AFB. In 2009, all 3 bases were included into Lackland AFB.
NNN25 year true NNN lease
with fifty years in options and a Prescription
approved drive thru
Features excellent visibility: Daily traffic counts exceed
14,771 vehicles per day passing directly in front
of the site and over 104,870 on I-410
Newer construction, built in 2008, on an
oversized 2.09 acre lot
Located at the gate to Lackland Air Force Base, the largest Air Force Base installation in the Country
Near Wilford Hall Medical Center, a $418 mil
682,000 SF Air Force Flagship Medical Campus
Limited national competition with the nearest drug store more than 2.8 miles from
the subject site
2
Lackland Air Force Base
U.S. 90
INTERSTATE 410Walgreens
Wilford Hall Medical Center
3
WalgreensWalgreens
INVESTMENT HIGHLIGHTS t Located at the gate of Lackland Air Force Base, the
Country’s largest Air Force training center
t Barriers to entry due to military presence occupying more than 7,000 acres
t Corner of oversized 2.09 acre lot, offers future ease in redevelopment
t Site has Prescription approved drive thru
t Congested traffic counts that exceed 94,000 vehicles per day
t Limited national competition with the nearest drug store more than 2.8 miles from the subject site
104,870 VPD
181,911TOTAL POPULATION WITHIN 5-MILE RADIUS
$53,077AVERAGE HOUSEHOLD INCOME WITHIN 7-MILE RADIUS
- INTERSTATE 410
6,469 VPD - RAY ELLISON ROAD
8,302 VPD - NEW VALLEY HI DRIVE
Walgreens
4
5
NEW VALLEY HI DR – 8,302 VPD
RAY ELLISON
RD – 6,469 VPD
INTERSTATE 410 – 104,870 VPD
McDonald’s
tm
Walgreens
Burger King
Lackland Air Force Base
6
Walgreens
TENANT SUMMARYWALGREENSWalgreens Boots Alliance, Inc. operates as a pharmacy led health and well being company. The company operates through three segments: Retail Pharmacy USA, Retail Pharmacy International, and Pharmaceutical Wholesale. The Retail Pharmacy USA segment sells prescription drugs and an assortment of general merchandise, convenience foods, and more through its retail drugstores and convenient care clinics. It also provides specialty pharmacy services; and manages in-store clinics under the brand Healthcare Clinic. As of August 31, 2016, this segment operated over 13,700 retail stores under the Walgreens and Duane Reade brands in the United States; 7 specialty pharmacy locations; managed approximately 400 Healthcare Clinics. The Retail Pharmacy International segment sells prescription drugs; and health, beauty, toiletry, and other consumer products through its pharmacy led health and beauty stores, as well as through boots.com and BootsWebMD.com. The Boots segment operated 4,673 retail stores under the No. 7, Boots Pharmaceuticals, Botanics, Liz Earle, Soap & Glory, and only at Boots brand names in the United Kingdom, Mexico, Chile, Thailand, Norway, the Republic of Ireland, the Netherlands, and Lithuania; and 636 optical practices in the United Kingdom. Walgreens Boots Alliance, Inc. was founded in 1901 and is based in Deerfield, Illinois.
RANKINGS t Ranked #19 Fortune 500
t Ranked #177 Forbes Global 2000
t Standard & Poor’s Rated BBB
7
8
DEERFIELD, ILHEADQUARTERS
OWNERSHIP Tenant Trade Name
LOCATIONSGUARANTOR
WALGREENS BOOTS ALLIANCE, INC.
13,700 +/-CORPORATE
PUBLIC
REVENUE
$103.44(BIL)ANNUAL SALES
$30.86(BIL)
WALGREENS
WEBSITE
WWW.WALGREENS.COM
9
Walgreens
10
Walgreens
I-410 AC
CESS R
D (SW
LOO
P 410)NEW VALLEY HI DRIVE
RAVENSROAD DRIVE
SITE PLAN
Walgreens
11
12
San Antonio
Leon ValleyAlamo Heights
Terrell Hills
China Grove
Cibolo
Cross Mountain
AtascosaElmendorf
Selma
Windcrest
Helotes
Universal City
Walgreens
13
14
Walgreens
SAN ANTONIO, TEXASSan Antonio is the seventh most populous city in the United States and the second most populous city in both Texas and the Southern United States. San Antonio’s notable attraction includes the River Walk, the Tower of the Americas, SeaWorld, the Alamo Bowl, and Marriage Island. Commercial entertainment includes Six Flags Fiesta Texas and Morgan’s Wonderland amusement parks. According to the San Antonio Convention and Visitors Bureau, the city is visited by about 32 million tourists a year. It is home to the five-time NBA champion San Antonio Spurs, and hosts the annual San Antonio Stock Show & Rodeo, one of the largest such events in the United States.
The U.S. Armed Forces have numerous facilities in and around San Antonio; Fort Sam Houston is the only one within the city limits. Lackland Air Force Base, Randolph Air Force Base, Lackland AFB/Kelly Field Annex, Camp Bullis, and Camp Stanley are outside the city limits. Kelly Air Force Base operated out of San Antonio until 2001, when the airfield was transferred to Lackland AFB. The remaining parts of the base were developed as Port San Antonio, an industrial/business park and aerospace complex. San Antonio is home to six Fortune 500 companies and the South Texas Medical Center, the only medical research and care provider in the South Texas region.
The subject site is most influenced by: Lackland Air Force Base is home to more than 120 Department of Defense and associate organizations, including the 37th Training Wing, the largest training wing in the U.S. Air Force. Lackland is the Air Force’s only site for enlisted basic military training, and also offers professional and technical skills, and English language training for members of the U.S. Air Force, other military services, government agencies, and allies. Its four primary training functions graduate more than 86,000 students annually. In 2005, Lackland was recommended for joint basing for the three major installations around the city: Fort Sam Houston, Lackland AFB and Randolph AFB. In 2009, all 3 bases were included into Lackland AFB.
San Antonio has a diversified economy with a gross domestic product (GDP) of approximately $96.8 billion. This ranks the city fourth in Texas and 38th in the United States. San Antonio’s economy focuses primarily on military, health care, government-civil service, financial services, oil and gas, and tourism. Within the past twenty years, the city has become a significant location for American-based call centers and has added a sizable manufacturing sector centered around automobiles.
Located about 10 miles northwest of Downtown is South Texas Medical Center, a conglomerate of various hospitals, clinics, and research (Southwest Research Institute and Texas Biomedical Research Institute) and higher educational institutions.
LOCATION OVERVIEW
15
Walgreens
Over twenty million tourists visit the city and its attractions every year, contributing substantially to its economy, primarily due to The Alamo and the River Walk. The Henry B. Gonzalez Convention Center alone hosts over 300 events annually with more than 750,000 convention delegates from around the world. Tourism provided over 130,000 jobs, and it had an economic impact of $13.6 billion in the local economy. The City of San Antonio received $195 million in the same year from the hospitality industry, with revenues from hotel occupancy tax, sales taxes and others.
San Antonio is the headquarters of six Fortune 500 companies: Valero Energy, Andeavor (formerly Tesoro Corp), USAA, iHeartMedia, NuStar Energy, and CST Brands, Inc., H-E-B, the 13th-largest private company in the US is also based in San Antonio. Other companies headquartered in the city include Bill Miller Bar-B-Q Enterprises, Carenet Healthcare Services, Security Service Federal Credit Union, Visionworks of America, Frost Bank, Harte Hanks, Kinetic Concepts, SWBC, NewTek, Rackspace, Taco Cabana, Broadway Bank, Zachry Holdings/Zachry Construction Company, Randolph-Brooks Federal Credit Union, SAS, and Whataburger. The North American Development Bank, a development institution jointly held by the governments of the U.S. and Mexico, is headquartered in San Antonio as well. Other notable companies that maintain sizable presences in the city include Hulu, OCI, Kaco New Energy, Silver Spring Networks, Toyota, Argo Group, EOG Resources, Microsoft, Cogeco Peer1, and Boeing.
In 2015, San Antonio was ranked at No. 50 by Forbes magazine on their list of the Best Places for Business and Careers, while being listed as the 15th best market for job growth.
The subject Walgreens: located at 502 New Valley Hi Dr, San Antonio TX 78227 is in the epicenter and surrounded by the off-shoots of Lackland AFB. The main gate can be seen from the site. The Veterinary Treatment Facility, US Renal Care-Gateway, Texas Health and Human Services Commission, and H-E-B Pharmacy are all surrounding the site. Additionally, it is near well-known nationwide companies such as Wells Fargo, Enterprise Rent-A-Car, and Dollar Tree. In the surrounding area there are also popular chain restaurants such as Burger King, Pizza Hut, Little Caesars Pizza, McDonald’s, and Sonic Drive-In.
Given its proximity to Lackland and the surrounding retail, it is no mystery that the site is performing well above the national average in store sales.
LOCATION OVERVIEW (CONTINUED)
16
San Antonio
Leon ValleyAlamo Heights
Terrell Hills
China Grove
Cibolo
Cross Mountain
AtascosaElmendorf
Selma
Windcrest
Helotes
Universal City
M A J O R E M P L O Y E R S : 2 0 1 7S A N A N T O N I O , T X
Joint Base San Antonio (JBSA) 75,972
H.E.B. Food Stores 22,000
USAA 17,163
Northside Independent School District 13,969
City of San Antonio 12,231
North East Independent School District 9,292
Methodist Health Care System 8,960
San Antonio Independent School District 7,374
Baptist Health Systems 6,432
Wells Fargo 5,010
LOCATION HIGHLIGHTS
Congested Traffic Counts exceed 94,000
Vehicles Per day
Nearest National Competition is
2.8 Miles from Site
SAN ANTONIO, TXAT THE GATE OF LACKLAND AIR FORCE BASE
Located at the Gate of the Country’s
largest Air Force Base Training Center
Located just 5 Miles from Downtown
San Antonio
5 Miles from Downtown San Antonio
17
181,911Total Population Within 5-Mile Radius
$53,077Average Household Income
Within 5-Mile Radius
$44,042Median Household Income
Within 5-Mile Radius
51,131Total Households in 5-Mile Radius
46.83% From 2000
DEMOGRAPHICS / SAN ANTONIO, TX
Walgreens
18
POPULATION 1 MILE 3 MILES 5 MILES2022 Projection
Total Population 14,102 83,906 194,6532017 Estimate
Total Population 13,360 80,782 181,9112010 Census
Total Population 11,980 72,697 162,0952000 Census
Total Population 10,235 59,290 121,875Current Daytime Population
2017 Estimate 14,143 84,431 154,403
HOUSEHOLDS 1 MILE 3 MILES 5 MILES2022 Projection
Total Households 3,403 23,634 57,1782017 Estimate
Total Households 3,082 21,797 51,131
Average (Mean) Household Size 3.3 3.16 3.232010 Census
Total Households 2,807 19,912 46,3322000 Census
Total Households 2,360 16,377 34,822Occupied Units
2022 Projection 3,403 23,634 57,1782017 Estimate 3,172 22,594 52,627
HOUSEHOLDS BY INCOME 1 MILE 3 MILES 5 MILES2017 Estimate
$150,000 or More 2.89% 1.45% 2.04%
$100,000 - $149,000 7.09% 6.60% 7.84%$75,000 - $99,999 12.49% 10.05% 11.25%$50,000 - $74,999 21.52% 21.03% 23.12%$35,000 - $49,999 17.47% 17.41% 16.57%Under $35,000 38.54% 43.45% 39.17%
Average Household Income $54,915 $48,935 $53,077
Median Household Income $44,401 $40,129 $44,042
Per Capita Income $13,181 $14,724 $15,756
HOUSEHOLDS BY EXPENDITURE 1 MILE 3 MILES 5 MILESTotal Average Household Retail Expenditure $57,154 $52,524 $56,113
Consumer Expenditure Top 10 Categories 0.0694 $15,149 $14,061 $14,889 Shelter $11,250 $10,643 $11,494 Transportation $8,085 $7,522 $7,959 Food $6,286 $5,743 $6,182 Personal Insurance and Pensions $4,343 $3,795 $4,325 Health Care $3,756 $3,548 $3,722 Utilities $3,595 $3,348 $3,546 Apparel $2,000 $1,813 $1,959 Entertainment $1,657 $1,492 $1,610 Household Operations $1,506 $1,380 $1,463
POPULATION PROFILE 1 MILE 3 MILES 5 MILESPopulation By Age
2017 Estimate Total Population 13,360 80,782 181,911Under 20 34.15% 33.65% 34.21%20 to 34 Years 31.83% 30.87% 28.01%35 to 39 Years 5.94% 6.17% 6.91%40 to 49 Years 9.12% 9.78% 11.02%50 to 64 Years 9.71% 11.11% 12.16%Age 65+ 9.26% 8.42% 7.70%
Median Age 25.85 26.48 27.97Population 25+ by Education Level
2017 Estimate Population Age 25+ 6,923 42,904 101,095Elementary (0-8) 10.34% 9.03% 9.06%Some High School (9-11) 10.61% 13.03% 12.98%High School Graduate (12) 29.72% 32.83% 31.45%Some College (13-15) 25.51% 25.32% 25.56%Associate Degree Only 7.40% 6.67% 7.00%Bachelors Degree Only 10.26% 8.58% 8.90%Graduate Degree 4.84% 2.87% 3.11%
19
SAN ANTONIO TEXAS
Walgreens
LIOR REGENSTREIFSENIOR MANAGING DIRECTOR INVESTMENTS
SENIOR DIRECTOR, NET LEASED PROPERTIES GROUPENCINO OFFICE
Tel: (818) 212-2730Fax: (818) 212-2710
[email protected]: CA 01267761