WalgreensInvestment Offering

2233-2335 Baltimore PikeOxford, PA

Photo is for representation only

NAI James E. Hanson (“Broker”) has been appointed as the exclusive broker for this investment opportunity.

This Offering Memorandum has been prepared by Broker for use by the principal (“Principal”) to whom Broker has provided this Offering Memorandum. The use of this Offering Memorandum and the information provided herein is subject to the terms, provisions and limitations of the Confidentiality Agreement furnished by Broker and executed by Principal prior to delivery of this Offering Memorandum.

Although the information contained herein is based upon sources believed to be reasonably reliable, Owner and Broker, on their own behalf, and on behalf of their respective officers, employees, shareholders, partners, directors, members and affiliates, disclaim any responsibility or liability for inaccuracies, representations and warranties (expressed or implied) contained in, or omitted from, the Offering Memorandum or any other written or oral communication or information transmitted or made available to the recipient of this Offering Memorandum. In amplification of and without limiting the foregoing, summaries contained herein of any legal or other documents are not intended to be comprehensive statements of

the terms of such documents but rather only outlines of some of the principal provisions contained therein, and no representations or warranties are made as to the completeness and/or accuracy of the projections contained herein. Prospective purchasers of the Property should make their own investigations and conclusions without reliance upon this Offering Memorandum, the information contained herein or any other written or oral communication or information transmitted or made available. Additional information and an opportunity to inspect the Property will be made available upon written request by interested and qualified prospective purchasers.

Owner expressly reserves the right, exercisable in Owner’s sole and absolute discretion, to withdraw the Property from being marketed for sale at any time and for any reason. Owner and Broker each expressly reserves the right, exercisable in their sole and absolute discretion, to reject any and all expressions of interest or offers regarding the Property and/or to terminate discussions with any entity at any time with or without notice. Broker is not authorized to make any representations or agreements on behalf of Owner. Owner shall not have any legal commitment or obligation to

any entity reviewing this Offering Memorandum or making an offer to purchase the Property unless and until a written agreement for the purchase and sale of the Property has been fully executed, delivered and approved by Owner and the other party thereto and any conditions to Owner’s obligations hereunder have been satisfied or waived. If you have no interest in the Property at this time, return this Offering Memorandum immediately to:

NAI James E. Hanson 235 Moore Street Hackensack NJ 07601

Disclaimer

Section 01Executive Summary

Section 02Property Overview

Section 03Lease & Option Terms

Section 04Area Information/Demographics

Section 05 About Walgreens/Other Retail Tenants

Section 06 Contact Information

Table of Contents

NAI James E. Hanson is exclusively offering for sale this Walgreens facility at 2233 Baltimore

Pike and 2235 Baltimore Pike located in Oxford, Pennsylvania. This represents a unique

investment opportunity to own a fee-simple (land and building) NNN Walgreens. The lease is

absolute triple-net with no landlord obligations, and is corporately guaranteed by Walgreen

Co. The passive nature of this lease combined with the credit-worthy corporate guaranty

make this an ideal 1031 replacement property or acquisition for an investor desiring a

passive real estate investment. Walgreens commenced rent in February of 2003 and has

approximately 5.5 years of guaranteed lease term remaining prior to entering option periods

of 4-five year lease terms, with escalations. Due to the Walgreen’s being a former Happy

Harry’s, the lease has the unique aspect of rental increases every 3 years. The site also

contains the opportunity to own a strip center, on the same lot, which is home to Domino’s

Pizza, Bigfoot’s Express, and Oxford Karate Institute.

Executive Summary

Sect

ion

01

Address2233-2235 Baltimore PikeOxford, PA

Year Constructed2003

Rentable Square Feet12,000 + 3,600 (other 3 stores)

Lot Size2.3 Acres

Type of LeaseNNN

NOI$274,368

Cap Rate6.5%

Offered At$4,221,000

Property Overview

Photo is for representation only

Sect

ion

02

Drive-thru window

Lease & Option Terms

Sect

ion

03

Tenant to pay pro-rata share of all applicable expenses. Tenant to pay pro-rata share of taxes.

Years 13‐15 $210,000Years 16‐18 $222,000Years 19‐20 $234,000

Years 21‐25 $246,000Years 36‐30 $258,000Years 31‐35 $270,000Years 36‐40 $282,000

RENT

OPTIONS TO RENEW (4 ‐ 5 YEAR OPTIONS)

TENANT WalgreensBigfootExpress

Domino'sPizza

OxfordKarate

InstituteSize (sf) 12,000 1,200 1,380 1,020Rent n/a $21,600 $22,992 $19,776Type NNN NN NN NNEnd Term 3/31/2023 8/31/2020 8/31/2019 10/31/2018

WALGREENS

Property Aerial

Sect

ion

04

DOWNTOWN OXFORD

Andrew Patroni AccountantAuto Tags PlusBB&TBilger BarbershopBog Turtle BrewingBright BeginningsCe’Ja Counseling and Consulting ServiceCharles Herbert Public AccountantChina HouseChiropractic Services, P.A.Coatesville Savings BankColor’s Family Hair SalonCricket WirelessDaisy Mae Printing and DesignDigitek Computer ServicesEdward JonesEl Nayarit #2 Grocery StoreEmpowerment Resources Associates IncEric S. Coates, Attorney at LawExpress Employment ProfessionalsFamily Medicine and GeriatricsFlickerwood Wine CellarsFlip’s BarbershopGarcia-Taylor Insurance AgencyGolden Light Wellness CenterGovernment Specialists, Inc.H&R BlockHolbrook ContractingHollow Earth Brewing CompanyHong Kong Chinese RestaurantHowett’s Screen Printing and EmbroideryInspection Services GroupJacques H. Geisenberger, Jr. P.C.Kenneth Pyle, P.C.KVIS and Coe Insurance ServicesLa Carretta Grocery StoreLa Sicilia RestaurantLa Tienda Mexicana Grocery StoreLaw Offices of McMichael, Heiney & SebastianLiberty Tax ServicesLimelife PlannersLola’sMake Time for Massage

MetroPCSMillstone JewelersNAPA Auto PartsNeighborhood Services CenterNeighborhood Thrift StoreNet-Werks Computer ServicesOctoraro Hotel and TavernOutback Company StoreOutback Trading CompanyOxford Area Chamber of CommerceOxford Area Sewer AuthorityOxford Arts AllianceOxford CleanersOxford Family EyecareOxford Feed and LumberOxford HotelOxford Library CompanyOxford Mainstreet, Inc.Oxford Odds & EndsOxford Post OfficeOxford Presbyterian ChurchOxford Village MarketPickled PicklesPizza HutRARE TechnologiesRite AidRNJ Plaques and EngravingSawMill GrillScalewatcherSoap Bucket Skincare and CandlesStudio 23Studio BlushTaqueria Los JuarezThe Maroon HornetThe Surance GroupThree Diamonds Variety StoreToot SweetsTop Grade VaporsUnion Fire Company #1Verizon Government RelationsWholly Grounds & Third Street OutletWSFS Ba

DOWNTOWN OXFORD

Property Map

Sect

ion

04

Pharmacies In the Area

Sect

ion

04

1

23

4

56

7

8

9

10

11

MAP # COMPANY NAME ADDRESS CITY1 Colora Pharmacy 2527 Jacob Tome Memorial Hwy Colora2 Martin's Pharmacy 24 Rising Sun Town Ctr Rising Sun3 Sun Pharmacy PO Box 420 Rising Sun4 CVS/Pharmacy 201 Fieldcrest Dr Nottingham5 CVS/Pharmacy 857 W Baltimore Pike West Grove6 Giant Food Stores Pharmacy 849 W Baltimore Pike West Grove7 Rite Aid 46 S 3rd St Oxford8 Rite Aid GNC Live Well Store 455 N 3rd St Oxford9 Southern Chester County Pharmacy PO Box 219 West Grove10 Walgreens 2235 Baltimore Pike Oxford11 Walmart Pharmacy 800 Commons Dr Oxford

About Oxford, PA

Oxford is a borough in Chester County, Pennsylvania. Oxford is the closest town to Lincoln University. The population was 5,077 at the 2010 census. The borough has a total area of 1.9 square miles.

The borough was once called Oxford Crossing and Oxford Village.

Oxford is located near the half-way point on the main road from Philadelphia to Baltimore.

Sect

ion

04

3-5-10 mile Demographics

DEMOGRAPHICS

Population

Households

Avg. Income

3 Mile 5 Mile

s

10 Mile

s

17,655 25,139 89,785

5,700 7,589 29,389

$102,143 $105,628 $106,656

Sect

ion

04

3 Miles

5 Miles

10 Miles

3-5-10 mile Demographics

Sect

ion

04

Description 3 Miles 5 Miles 10 MilesArea & Density :Area (Square Miles) : 39.52 58.99 319.41Density(Population Per Square Mile) : 446.7 426.1 281.1Population By YearPopulation (1990) : 10,674 14,354 57,131Population (2000) : 12,593 18,567 70,925Population (2010) : 16,978 24,196 86,826Population (Current) : 17,655 25,139 89,785Population (5 Yr. Forecast) : 18,334 26,048 93,071Percent Growth (Current Yr./Previous Yr.) : 3.95 3.82 3.21Percent Forecast (5 Yr. Forecast/Current Yr.) : 3.86 3.55 3.62Households By YearHouseholds (1990) : 3,536 4,692 18,882Households (2000) : 4,356 5,935 23,298Households (2010) : 5,540 7,369 28,642Households (Current) : 5,700 7,589 29,389Households (5 Yr. Forecast) : 5,924 7,888 30,556Percent Growth (Current Yr./Previous Yr.) : 2.85 2.96 2.49Percent Forecast (5 Yr. Forecast/Current Yr.) : 3.95 4.01 4

Description 3 Miles 5 Miles 10 MilesGeneral Population CharacteristicsMale : 8,851 12,464 44,832Female : 8,804 12,675 44,953Density : 446.7 426.1 281.1Urban : 12,985 18,910 43,507Rural : 4,670 6,229 46,278General Household CharacteristicsHouseholds (Current) : 5,700 7,589 29,389Families : 4,385 5,904 22,950Average Size of Household : 2.99 3.04 3.01Median Age of Householder : 51 51 53Median Value Owner Occupied ($) : $249,388 $249,653 $270,256Median Rent ($) : $699.64 $731.90 $775.34Median Vehicles Per Household : 2 2 2General Housing CharacteristicsHousing Units : 5,997 7,970 30,825Owner Occupied Units : 4,102 5,743 23,463Renter Occupied Units : 1,598 1,846 5,926Vacant Units : 297 381 1,436Population By RaceWhite Alone : 14,576 19,727 79,674Black Alone : 955 2,811 4,098Asian Alone : 125 174 747Native American and Alaska Native Alone : 26 55 209Other Race Alone : 1,402 1,605 3,111Two or More Races : 571 767 1,946Population By EthnicityHispanic : 2,989 3,553 7,604White Non-Hispanic : 13,176 18,094 75,649General Income CharacteristicsMedian Household Income ($) : $83,494.44 $86,839.34 $90,195.46Total Household Income ($) : $582,212,795 $801,613,749 $3,134,517,849Average Household Income ($) : $102,143.00 $105,628.00 $106,656.00Per Capita Income ($) : $32,977.00 $31,887.00 $34,911.00Consumer ExpendituresTotal Consumer Expenditures ($) : $377,600 $510,034 $2,023,522Total Retail Sales ($) : $357,552 $382,167 $1,821,096Employment By Place Of BusinessTotal Employees : 6,188 8,826 32,731Total Establishments : 449 545 2,447

The Walgreen Company is the largest drug retailing chain in the United States. Currently, the company operated 8,175 stores in all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. It was founded in Chicago, Illinois, in 1901. The Walgreens headquarters office is in the Chicago suburb of Deerfield, Illinois.

Walgreens Boots Alliance (Nasdaq: WBA) is the first global pharmacy-led, health and wellbeing enterprise.

The company was created through the combination of Walgreens and Alliance Boots in December 2014, bringing together two leading companies with iconic brands, complementary geographic footprints, shared values and a heritage of trusted health care services through pharmaceutical wholesaling and community pharmacy care, dating back more than 100 years.

Walgreens Boots Alliance is the largest retail pharmacy, health and daily living destination across the USA and Europe. Walgreens Boots Alliance and the companies in which it has equity method investments together have a presence in more than 25* countries and employ more than 400,000* people. The company is a global leader in pharmacy-led, health and wellbeing retail and, together with the companies in which it has equity method investments, has over 13,200* stores in 11* countries as well as one of the largest global pharmaceutical wholesale and distribution networks, with over 390* distribution centers delivering to more than 230,000** pharmacies, doctors, health centers and hospitals each year in more than 20* countries. In addition, Walgreens Boots Alliance is one of the world’s largest purchasers of prescription drugs and many other health and wellbeing products.

On September 19th, 2017 Walgreens Boots Alliance announced it received final approval for the acquisition of over 1,900 Rite Aid stores.

Source: seeking alpha.com

About Walgreens

Sect

ion

05

NASDAQ: WBA

$78.15

Daily High: $77.07 Low: $75.08

52-Week High: $88.00 Low: $75.18

+$1.11(1.42%)

About Domino’s Pizza

Sect

ion

05

Founded in 1960, Domino's is the recognized world leader in pizza delivery operating a network of company-owned and franchise-owned stores in the United States and international markets. Domino's is a company of exceptional people on a mission to be the best pizza delivery company in the world.

STATS AT A GLANCE...

• Domino's is 97% franchise-owned.• Domino's has nearly 800 independent franchise owners in the U.S.• More than 90% started their careers as drivers, pizza makers or hourly workers• Domino's delivery experts cover 10 million miles each week in the U.S. alone.• Domino's operates 14,200 stores in more than 85 countries around the world.• Domino’s has more than 260,000 employees worldwide.• 2016 global retail sales: $10.9 billion ($5.3 domestic, $5.5 international).• Domino's International has experienced 94 consecutive quarters (24 consecutive years) of positive

same store sales growth (Q2 2017).• Domino's largest 3 markets are the US (5,438 stores), India (1,126 stores) and the UK (986 stores)

Oxford Karate Institute opened its doors in 2004. Ever since, They have been assisting students as young as three years old achieve better confidence, physical fitness, self-defense, and have a ton of fun.

They offer have classes designed specifically for youths, teens and adults. These classes include: Karate Tang Soo Do Judo Kickboxing Jiu-jitsu

Each class is led by our internationally-certified black belt instructors. They take great pride in making our school a welcoming environment, making it fun and inviting to reach every one of your goals in martial arts.

About Oxford Karate Institute & Bigfoot’s Express

Sect

ion

05

A fast food specializing in cheesesteaks, hoagies, appetizers and salads available for delivery or takeout.

Contact Information

Sect

ion

06

235 Moore Street • Hackensack, NJ • 201 488 5800 | 10 Lanidex Plaza West • Parsippany • 973 463 1011 | naihanson.comTHE INFORMATION CONTAINED HEREIN HAS BEEN OBTAINED FROM SOURCES CONSIDERED TO BE RELIABLE, BUT NO GUARANTEE OF ITS ACCURACY IS MADE BY NAI JAMES E. HANSON

For more information call 201-488-5800

Darren M. Lizzack, msre Associate Vice President x104 dlizzack@naihanson.com

Randy Horning, msre Senior Associate x123 rhorning@naihanson.com

Mike Guerra Sales Associate x196mguerra@naihanson.com

Peter O. Hanson Chairman x128phanson@naihanson.com