Net Leased Walgreens for sale

www.bouldergroup.com

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

WalgreensWalgreensWalgreensWalgreens

913 N. Market Street913 N. Market Street913 N. Market Street913 N. Market Street Waterloo, IL (St. Louis MSAWaterloo, IL (St. Louis MSAWaterloo, IL (St. Louis MSAWaterloo, IL (St. Louis 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

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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 St. Louis MSA. The 14,490 square foot Walgreens was built in 2006 and is located approximately 20 miles south of downtown St. Louis. Walgreens benefits from its strategic location on the hard corner of a signalized intersection along Illinois Route 3 in close proximity to a Wal-Mart Supercenter.

The property is located on the southeast corner of the signalized intersection of Illinois Route 3 and North Market Street. This intersection has traffic counts in excess of 36,600 vehicles per day. Illinois Route 3 is the major retail thoroughfare in Waterloo and is the most heavily traveled roadway in the area. The subject property is located in a primary retail trade area in the immediate vicinity of a Wal-Mart Supercenter. Nearby retailers include a Schnucks grocery store, Rural King, PNC Bank, Radio Shack, Payless Shoes, Waterloo Cinema (8 screen movie theater) and Applebee’s. Additionally, average household income is in excess of $76,600 within five miles of the property and Walgreens is the only national pharmacy in the immediate area. Waterloo is also home to Monroe County Surgery Center which opened in the summer of 2012 and is located less than one and one-half mile south of the property. This center is a state-of-the-art ambulatory surgical center offering same-day, outpatient surgical services.

Walgreens original triple net lease term was for 25 years with ten 5-year renewal options and the lease expires in April 2031. Walgreens is a publicly traded company on the New York Stock Exchange (WAG), with a market capitalization of $40 billion. Walgreens is an investment grade company with a Standard & Poor’s rating of BBB.

• Located within the St. Louis MSA

• Investment grade tenant (S&P: BBB)

• Long term lease

• Zero landlord responsibilities

• Traffic volumes at intersection of Illinois State Route 3 and North Market Street are in excess of 36,600 (VPD)

• Located in the immediate vicinity of a Wal-Mart Supercenter

• Only national pharmacy in the immediate area

INVESTMENT HIGHLIGHTS

EXECUTIVE SUMMARY

EXECUTIVE SUMMARYEXECUTIVE SUMMARYEXECUTIVE SUMMARYEXECUTIVE SUMMARY



Price: $4,458,334

Cap Rate: 6.00%

Net Operating Income: $267,500

Renewal Options: Ten 5-Year

Lease Commencement Date: May 1, 2006

Lease Expiration Date: April 30, 2031

Tenant: Walgreens

Credit Rating: BBB (Standard & Poor’s)

Year Built 2006

Lease Type: NNN

Rentable Square Feet: 14,490

Land Acreage: 1.57 acres

PROPERTY OVERVIEW

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AERIALAERIALAERIALAERIAL

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SITE PLANSITE PLANSITE PLANSITE PLAN

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MAP

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Website: www.walgreens.com

Number of Locations: 8,000

Stock Symbol: WAG : NYSE

Standard & Poor’s Rating: BBB

Market Capitalization: $40 billion

Walgreens is engaged in the retail drugstore business. As of April 30, 2011, the Company operated nearly 8,300 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

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PopulationPopulationPopulationPopulation 3333----mi.mi.mi.mi. 5555----mimimimi 7777----mimimimi

Total Population 10,719 15,178 24,221 Total Households 4,236 5,785 9,233

IncomeIncomeIncomeIncome

Median Household Income $58,346 $60,697 $61,626 Average Household Income $73,539 $76,692 $77,464

DEMOGRAPHIC COMPARISON REPORT

DEMOGRAPHIC COMPARISON REPORTDEMOGRAPHIC COMPARISON REPORTDEMOGRAPHIC COMPARISON REPORTDEMOGRAPHIC COMPARISON REPORT



LOCATION OVERVIEW

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Waterloo, IL Waterloo, IL Waterloo, IL Waterloo, IL is the county seat of Monroe County and had a population of 9,811 at the time of the 2010 U.S. Census. Waterloo has seen progressive growth over the past 20 and populations has increased 94% since 1990. Currently, there are three planned subdivisions to be developed in Waterloo in the next three to five years. These developments will offer expansion with approximately 170 new home sites and approximately 570 lots available for residential development. Additionally, the local preschool has expanded their building by 2,100 square feet. Waterloo is also home to Monroe County Surgery Center which opened in the summer of 2012. This center is a state-of-the-art ambulatory surgical center offering same-day, outpatient surgical services.

www.waterloo.il.us

Communications, Peabody Energy, Graybar Electric and Centene. Other major employers in the area include Edward Jones, Scottrade, Wells Fargo and Energizer. Additionally, the Anheuser-Busch headquarters is located in St. Louis. The city is most notably home to the Gateway Arch. The Gateway Arch is the centerpiece of the Jefferson National Expansion Memorial and is the tallest man-made monument in the United States. The Gateway Arch is one of the most visited tourist attractions in the world with over four million visitors annually.

www.stlouis-mo.gov

St. Louis St. Louis St. Louis St. Louis is an independent city on the eastern border of the state of Missouri. At the time of the 2012 U.S. Census, St. Louis had a population of 318,172 making it the 58th largest U.S. city. The St. Louis metropolitan area, known as Greater St. Louis, is the 19th largest metropolitan area in the United States with a population of 2,795,794.

The St. Louis economy has a large concentration on service, manufacturing, trade, transportation of goods and tourism. The rivers of St. Louis play a large role in moving goods and the Port of St. Louis is one of the largest inland ports in the United States. As of 2011, St. Louis was home to nine Fortune 500 companies including Express

Scripts, Emerson Electric, Monsanto, Reinsurance Group of America, Charter



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

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Real Estate

Net Leased Walgreens for sale