Triple Net Walgreens For Sale | The Boulder Group

NET LEASED INVESTMENT OFFERING

www.bouldergroup.com

WalgreensSWC of 95th Street & Southwest Highway

Oak Lawn, IL 60453 (Chicago MSA)

Actual Rendering



TABLE OF CONTENTS

TABLE OF CONTENTS

1) Confidentiality&Disclaimer

2) ExecutiveSummary

3) PropertyOverview

4) Aerial

5) Site Plan

6) Maps

7) TenantProfile

8) DemographicComparisonReport

9) LocationOverview

10) ContactInformation



TheinformationcontainedinthefollowingOfferingMemorandumisproprietaryandstrictlyconfidential.ItisintendedtobereviewedonlybythepartyreceivingitfromTheBoulderGroupandshouldnotbemadeavailabletoanyotherpersonorentitywithoutthewrittenconsentofTheBoulderGroup.ThisOfferingMemorandumhasbeenpreparedtoprovidesummary,unverifiedinformationtoprospectivepurchasers,andtoestablishonlyapreliminarylevelofinterestinthesubjectproperty.Theinformationcontainedhereinisnotasubstituteforathoroughduediligenceinvestigation.TheBoulderGrouphasnotmadeanyinvestigation,andmakesnowarrantyorrepresentation.TheinformationcontainedinthisOfferingMemorandumhasbeenobtainedfromsourceswebelievetobereliable;however,TheBoulderGrouphasnotverified,andwillnotverify,anyoftheinformationcontainedherein,norhasTheBoulderGroupconductedanyinvestigationregardingthesemattersandmakesnowarrantyorrepresentationwhatsoeverregardingtheaccuracyorcompletenessoftheinformationprovided.Allpotentialbuyersmusttakeappropriatemeasurestoverifyalloftheinformationsetforthherein.

CONFIDENTIALITY & DISCLAIMER

CONFIDENTITALITY & DISCLAIMER



TheBoulderGroupispleasedtoexclusivelymarketforsaleabrandnewconstructionWalgreenspropertylocatedwithinadenselypopulatedareaoftheChicagoMSA.ThepropertyreplacesapreviouslysuccessfulWalgreensstorewithstrongsalesthatlackedadrive-thru.Thesurroundingareaisdenselyconcentratedprovidinghighbarrierstoentry.TheWalgreensleaseisfortwentyyearsandisestimatedtocommenceinFebruary2015.Walgreensisaninvestmentgradetenant(S&P:BBB)andispubliclytradedontheNewYorkStockExchange(WAG)withamarketcapitalizationinexcessof$61billion.

The61,909squarefootWalgreenspropertyislocatedalongWest95thStreetapproximately15milessouthwestfromdowntownChicago.Theproperty isbenefittedby its locationjustoffoftheprimesignalizedintersectionofWest95thStreetandSouthwestHighway,whichexperiencestrafficcountsinexcessof71,000vehiclesperday.Interstate294islocatedlessthantwomileswestoftheWalgreenspropertyandexperiencestrafficcountsinexcessof131,000vehiclesper day. The surrounding area is densely populatedwith over18,000people livingwithin a onemile radius earningaveragehouseholdincomesinexcessof$75,000annually.Approximately400,000peoplelivewithinafivemileradiusoftheproperty.TheWalgreensislocatedapproximatelyfivemilessouthofChicagoMidwayInternationalAirport.ChicagoRidgeMall,an833,000squarefootshoppingmallthatisanchoredbyCarsonPirieScott,Kohl’s,AMCTheatres,andSearsislocatedapproximatelythree-quartersofamiletothewestoftheWalgreensproperty.AdditionalretailerslocatedintheimmediatevicinityincludeHomeDepot,BedBath&Beyond,Michael’s,OfficeDepot,Pier1Imports,FirstMidwestBank,andMcDonalds.

TheWalgreensleaseisfortwentyyearsandisanabsolutetriplenet.RentisexpectedtocommenceinFebruary2015.ThebrandnewconstructionWalgreenspropertyisarelocationofapreviouslysuccessfulWalgreensstorethatdidnothaveadrivethru.Walgreensisaninvestmentgraderatedtenant(S&P:BBB)andispubliclytraded(NYSE:WAG)withamarketcapitalizationinexcessof$61billion.

EXECUTIVE SUMMARY

EXECUTIVE SUMMARY

Actual Rendering



INVESTMENT HIGHLIGHTS

INVESTMENT HIGHLIGHTS

•LocatedwithintheChicagoMSA

•Investmentgradetenant(S&P:BBB)

•RelocationofapreviouslysuccessfulWalgreensstorethatdidnothaveadrive-thru

•Longtermleasewith20yearsremaining

•Brandnewconstruction

•Nolandlordresponsibilities

•Elevenfive-yearrenewaloptionperiods

•LocatedalongWest95thStreet,theprimaryeast-westthoroughfareinthearea(44,000VPD)

•LocatedjustoffofthemajorsignalizedintersectionofSouthwestHighwayandWest95thStreet

(71,000+VPD)

•Denselypopulatedwithover18,000peoplelivingwithinaonemileradiusearningaverage

householdincomesinexcessof$75,000annually

•Approximately400,000peoplelivingwithinafivemileradius

•Surroundingareaisdenselyconcentratedprovidingforhighbarrierstoentry

•LocatedintheimmediatevicinityofChicagoRidgeMall,an830,000+squarefootmallthatis

anchoredbySears,CarsonPirieScott,Kohl’s,andAMCTheatres

•AdditionalretailerslocatedintheimmediatevicinityincludeHomeDepot,BedBath&Beyond,

Michael’s,OfficeDepot,Pier1Imports,FirstMidwestBank,andMcDonalds



PROPERTY OVERVIEW

PROPERTY OVERVIEW

Price: $10,761,905

CapRate: 5.25%

NetOperatingIncome: $565,000

LeaseCommencementDate: February1,2015(Estimated)

LeaseExpirationDate: January31,2035(Estimated)

RenewalOptions: Eleven5-Year

Tenant: Walgreens

CreditRating: BBB(Standard&Poor’s)

YearBuilt: 2015

LandlordObligations: None

SquareFeet: 14,550SF

LandSize: 1.42acres



AERIAL

AERIAL

131,000 VPD2 MILES

W. 95TH STREET44,000 VPD

SOUTHW

EST H

IGHW

AY

MIDWAY AIRPORT5 MILES

27,400 VP

D

N

294

FO R M E R



SITE PLAN

SITE PLAN

N

TENANT SIGN

WestAdjacent

Parcel

W 95TH STREET

MCV

ICKE

R AV

ENUE

SW H

IGHW

AY



MAPS

MAPS



Walgreensisengagedinretaildrugstorebusiness.Thecompanyoperates8,217locationsinall50states,theDistrictofColumbia,PuertoRicoandGuam.Thecompanyalsooperatesworksitehealthcenters,homecarefacilities,andspecialtyandmailservicepharmacies.ItsTakeCareHealthSystemssubsidiarymanagesmorethan715in-storeconvenientcareclinicsandworksitehealthandwellnesscenters.TheCompany’sdrugstoresareengagedintheretailsaleofprescriptionandnon-prescriptiondrugsandgeneralmerchandise.Generalmerchandiseincludes,amongotherthings,householditems, personal care, convenience foods, beauty care, photofinishing, candy, and seasonal items.Walgreens offerscustomersthechoicetohaveprescriptionsfilledatthedrugstorecounter,aswellasthroughthemail,bytelephone,andthroughtheInternet.InSeptember2013,WalgreensannouncedthatitsacquisitionofKerrDrugandits76locations.

WalgreensisapubliclytradedcompanyontheNewYorkStockExchange,WAG,withamarketcapitalizationinexcessof$61billion.WalgreensisaninvestmentgraderatedcompanywithaStandardandPoor’sratingofBBB.

Website: www.walgreens.comNumberofLocations: 8,217StockSymbol: WAG:NYSEStandard&Poor’sRating: BBBMarketCapitalization: $61billion

TENANT PROFILE

TENANT PROFILE



DEMOGRAPHIC COMPARISON REPORT

DEMOGRAPHIC COMPARISON REPORT

Population 1-mi 2-mi 3-mi

Total Population 18,037 81,052 162,203TotalHouseholds 6,306 29,716 59,226

Income

MedianHouseholdIncome $59,421 $51,695 $52,499AverageHouseholdIncome $75,812 $66,586 $66,637



Oak Lawn isavillageinCookCounty,IllinoisandisasouthwesternsuburbofChicago.OakLawnstandsasamaturecommunityofmorethan57,000residents.Affordablehomes in friendlyneighborhoodsandqualitycommunityservicesarecomplementedbyauniqueassortmentof restaurants,businessestablishmentsandretailers.ThankstoitslocationjustoutsideofChicagoandthecloseproximitytoMidwayAirport,majorexpresswaysandraillines,OakLawncontinuestobeanattractivecommunityfornewbusinessesandprospectiveemployees.

www.oaklawn-il.gov

Chicago is themostpopulouscity in theMidwesternUnitedStatesand the thirdmostpopulouscityintheUnitedStateswith2,700,000residents.ChicagoisthecountyseatofCookCounty,thesecondlargestcountyintheUnitedStates.TheChicagoMSAisthethirdmostpopulatedmetropolitanareaintheUnitedStateswith9,580,567residents.TheMSAcoversover1,300squaremilesandsixcounties.TheChicagometropolitanareaishometothecorporateheadquartersof57Fortune1000companies,includingBoeing,McDonald’s,Motorola,DiscoverFinancialServicesandUnitedAirlines.Chicago isa

majorhubforindustry,telecommunicationsandinfrastructureandO’HareInternationalAirportisthesecondbusiestairportintheworldintermsofvolume.

ThemetroisamajorfinancialcenterinNorthAmerica,andishometothelargestfuturesexchangeintheUnitedStates,theCMEGroup.ChicagoisthirdintheworldontheGlobalFinancialCentersIndexwhichranksthecompetitivenessoffinancialcentersbasedonpeople,businessenvironment,marketaccess,infrastructureandgeneralcompetitiveness.

www.cityofchicago.org

LOCATION OVERVIEW

LOCATION OVERVIEW



CONTACT INFORMATION

CONTACT INFORMATION

666DundeeRoad,Suite1801Northbrook,IL60062

Randy [email protected]

Jimmy [email protected]

Actual Rendering

Triple Net Walgreens For Sale | The Boulder Group

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