Walgreens Pharmacy Peru, Indiana - Deerfield Partners · Ochsner Health System and Louisiana State...

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Walgreens Pharmacy Peru, Indiana Newer store with sales volumes well above average Walgreens has been operating at site for 25 years Approximately 19 years of firm lease term remaining Rare opportunity to purchase a fee-simple Walgreens (i.e. dirt and building) for under $5,000,000 Walgreens corporate guarantee (NYSE:WAG) Investment grade credit (S&P A+; Moody’s Aa3) NNN lease with zero management responsibilities $4,565,000 6.25% CAP Rate Deerfield Partners John Giordani Art Griffith (415) 685-3035 team@deerfieldteam.com

Transcript of Walgreens Pharmacy Peru, Indiana - Deerfield Partners · Ochsner Health System and Louisiana State...

Page 1: Walgreens Pharmacy Peru, Indiana - Deerfield Partners · Ochsner Health System and Louisiana State University, to enhance coordinated care to patients. • The Company completed its

Walgreens Pharmacy

Peru, Indiana• Newerstorewithsalesvolumeswellaboveaverage

• Walgreenshasbeenoperatingatsitefor25years

• Approximately19yearsoffirmleasetermremaining

• Rareopportunitytopurchaseafee-simpleWalgreens

(i.e.dirtandbuilding)forunder$5,000,000

• Walgreenscorporateguarantee(NYSE:WAG)

• Investmentgradecredit(S&PA+;Moody’sAa3)

• NNNleasewithzeromanagementresponsibilities

$4,565,000

6.25%CAPRate

DeerfieldPartnersJohn GiordaniArt Griffith(415)[email protected]

Page 2: Walgreens Pharmacy Peru, Indiana - Deerfield Partners · Ochsner Health System and Louisiana State University, to enhance coordinated care to patients. • The Company completed its

Walgreens Pharmacy

Peru, Indiana

DeerfieldPartnersJohn GiordaniArt Griffith(415)685-3035

[email protected]

Price

CAP

AnnualIncome

Debt

$4,565,000

6.25%

$285,285

Free&clear.Manygreatnewloansavailable.Calltodiscuss.

Investment Summary

Lease and Demographic Summary

About This Investment Opportunity

Walgreenshasoperatedhereforover25years.In2006,Walgreenshadthisbuildingconstructedonthesamesitetoconformtotheirnewoperatingstandardofafree-standingbuildingofapproximately15,000squarefeetwithadrive-thruanddedicatedparking.

Prospectiveinvestorscanalsohaveadditionalconfidenceinthislong-terminvestmentbecausethisstorereportssalesvolumesthatexceedthenationalaverage.

Neighboringretailersinclude:AutoZone,RadioShack,DuckwallVarietyStore,Rent-A-Center,andSherwin-WilliamsPaints.

ThenextclosestWalgreensis13milesEastinWabash,Indiana.

None.Leaseistrulytriple-net(NNN).Zerolandlordcostexposure.

720NBroadway

Peru,Indiana

2006

Walgreens(NYSE:WAG)

December1,2006

None

75years

Startinginyear26Tenantmayterminateleaseeveryfiveyears.

Address

City,State

YearBuilt

Tenant

RentStartDate

RentIncreases

LeaseTerm

Options

LandlordResponsibilities

1 Mile 3 Mile 5 Mile

Population 4,755 14,461 20,538

Avg. HH Income $51,421 $51,296 $53,027

Page 3: Walgreens Pharmacy Peru, Indiana - Deerfield Partners · Ochsner Health System and Louisiana State University, to enhance coordinated care to patients. • The Company completed its

Walgreens Pharmacy

Peru, Indiana

DeerfieldPartnersJohn GiordaniArt Griffith(415)685-3035

[email protected]

Lease and Demographic Summary

About This Investment Opportunity

AboutWalgreens

FinancialHighlights

Walgreensisthe#1pharmacyinAmericabyanymeasure.Foundedin1901,andtradedontheNewYorkStockExchange(NYSE:WAG),Walgreensoperates7,714storesinall50states,theDistrictofColumbiaandPuertoRico.Walgreensiswidelyregardedasthesafest,mostsecuresingle-tenantNNNleasedinvestmentpropertybecauseofitsstrongbalancesheetandmarketcapitalization.

ForthefiscalyearendedAugust31,2011:

• Grossrevenuewas$72.2Billion

• Netprofitwas$2.7Billion

• Networthwas$14.8Billion

2011 2010 Increase

Net Sales $72,184 $ 67,420 7.1%Net Earnings (1) $ 2,714 $ 2,091 29.8%Net Earnings per Common Share (diluted) (1) $ 2.94 $ 2.12 38.7%Shareholders’ Equity $14,847 $ 14,400 3.1%Return on Average Shareholders’ Equity 18.6% 14.5%Closing Stock Price per Common Share $ 35.21 $ 26.88Total Market Value of Common Stock $ 31,312 $ 25,230Dividends Declared per Common Share $ .7500 $ .5875Average Shares Outstanding (diluted) 924 988

(1) Fiscal year 2011 amounts include a $273 million, or $0.30 per diluted share, after-tax gain on the sale of Walgreens Health Initiatives, Inc.

Financial HighlightsFor the years ended August 31, 2011 and 2010 (In millions, except per share amounts)

2011 2010 2009 2008 2007

Locations Openings New Locations 261 388 602 608 501 Acquisitions 36 282 89 423 120 Closings 133 120 129 94 85 Net Openings 164 550 562 937 536 Locations (1) 8,210 8,046 7,496 6,934 5,997 Sales Area (2) 85,619 83,719 78,782 72,585 66,386

Product Class Sales Prescription Drugs 65% 65% 65% 65% 65% Non-prescription Drugs (3) 10% 10% 10% 10% 10% General Merchandise (3) 25% 25% 25% 25% 25%

(1) Includes drugstores, worksite health and wellness centers, infusion and respiratory services facilities, specialty pharmacies and mail service facilities. (2) In thousands of square feet.(3) Based on store scanning information.

Company Highlights

2011 Walgreens Annual Report Page 1

11100908070605040302

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Walgreens Fiscal Year Stock PerformanceFiscal year-end closing price per share in dollars

2011 2010 Increase

Net Sales $72,184 $ 67,420 7.1%Net Earnings (1) $ 2,714 $ 2,091 29.8%Net Earnings per Common Share (diluted) (1) $ 2.94 $ 2.12 38.7%Shareholders’ Equity $14,847 $ 14,400 3.1%Return on Average Shareholders’ Equity 18.6% 14.5%Closing Stock Price per Common Share $ 35.21 $ 26.88Total Market Value of Common Stock $ 31,312 $ 25,230Dividends Declared per Common Share $ .7500 $ .5875Average Shares Outstanding (diluted) 924 988

(1) Fiscal year 2011 amounts include a $273 million, or $0.30 per diluted share, after-tax gain on the sale of Walgreens Health Initiatives, Inc.

Financial HighlightsFor the years ended August 31, 2011 and 2010 (In millions, except per share amounts)

2011 2010 2009 2008 2007

Locations Openings New Locations 261 388 602 608 501 Acquisitions 36 282 89 423 120 Closings 133 120 129 94 85 Net Openings 164 550 562 937 536 Locations (1) 8,210 8,046 7,496 6,934 5,997 Sales Area (2) 85,619 83,719 78,782 72,585 66,386

Product Class Sales Prescription Drugs 65% 65% 65% 65% 65% Non-prescription Drugs (3) 10% 10% 10% 10% 10% General Merchandise (3) 25% 25% 25% 25% 25%

(1) Includes drugstores, worksite health and wellness centers, infusion and respiratory services facilities, specialty pharmacies and mail service facilities. (2) In thousands of square feet.(3) Based on store scanning information.

Company Highlights

2011 Walgreens Annual Report Page 1

11100908070605040302

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Walgreens Fiscal Year Stock PerformanceFiscal year-end closing price per share in dollars

Page 4: Walgreens Pharmacy Peru, Indiana - Deerfield Partners · Ochsner Health System and Louisiana State University, to enhance coordinated care to patients. • The Company completed its

Walgreens Pharmacy

Peru, Indiana

DeerfieldPartnersJohn GiordaniArt Griffith(415)685-3035

[email protected]

2011Milestones

Well at Walgreensdefines what we want customers to experience.

Live well by finding value, fun and solutions for their daily needs.

Stay well by finding the right products for health and daily living.

Get well when they feel ill.

2011 Milestones• Walgreens is the nation’s largest drugstore chain, with

fiscal 2011 sales of $72.2 billion and record profit of $2.7 billion. The Company has 247,000 employees.

• This is the Company’s 37th consecutive year of record sales. It’s also the 36th consecutive year Walgreens has raised its quarterly dividend – paid every quarter since 1933.

• The Company returned $2.4 billion to shareholders through dividends and share repurchases in fiscal 2011, and announced its largest dividend increase ever of 28.6 percent in July, as well as a new $2 billion share repurchase program.

• Walgreens filled a record 819 million prescriptions in fiscal 2011 – one in five retail prescriptions in America. Pharmacy is 65 percent of the Company’s business.

• Advancing its leadership in providing flu shots, Walgreens delivered 6.4 million flu shots last year as the Company continued to serve as the country’s No. 1 provider of flu shots other than the federal government.

• To expand the role Walgreens plays in health care, the Company established important new alliances with top health systems, including Johns Hopkins Medical Center, Ochsner Health System and Louisiana State University, to enhance coordinated care to patients.

• The Company completed its goal set in 2009 to convert or open 5,500 Walgreens stores with its new “Customer Centric Retailing” format, which offers customers a more targeted product assortment, better sight lines and new décor packages.

• Walgreens completed its acquisition of drugstore.com, extending its multi-channel reach to an additional 3 million online customers, forging relationships with new vendors and partners and adding approximately 60,000 health, personal care and beauty products to its online offering.

• The Company announced plans to open or convert at least 1,000 “food oasis” stores over the next five years to address the need for greater access to healthy foods in underserved communities across the country, building on its successful 12-store pilot in Chicago.

• The Company exceeded its “Rewiring for Growth” cost reduction goal of $1 billion in annual savings, concluding its three-year restructuring and cost-saving initiative launched in 2008.

• Walgreens was named to Fortune magazine’s World’s Most Admired Companies list for the 18th consecutive year, and was ranked 32nd on the Fortune 500 list of the largest U.S.-based companies.

About the CoverAlana Bowman and her daughter Sadie in Brandon, Mississippi, enjoy their time together at a local playground. “As a single mom with a full-time career, I’m always looking for ways to save time and money,” she says. Taking advantage of the multiple ways she can access Walgreens, Alana shops Walgreens.com, drugstore.com and Beauty.com websites to find great values on products she regularly uses, like shampoo, cosmetics and contact lens solution. She also visits her local Walgreens for family needs such as prescriptions, school supplies and over-the-counter medications.

Well at Walgreensdefines what we want customers to experience.

Live well by finding value, fun and solutions for their daily needs.

Stay well by finding the right products for health and daily living.

Get well when they feel ill.

2011 Milestones• Walgreens is the nation’s largest drugstore chain, with

fiscal 2011 sales of $72.2 billion and record profit of $2.7 billion. The Company has 247,000 employees.

• This is the Company’s 37th consecutive year of record sales. It’s also the 36th consecutive year Walgreens has raised its quarterly dividend – paid every quarter since 1933.

• The Company returned $2.4 billion to shareholders through dividends and share repurchases in fiscal 2011, and announced its largest dividend increase ever of 28.6 percent in July, as well as a new $2 billion share repurchase program.

• Walgreens filled a record 819 million prescriptions in fiscal 2011 – one in five retail prescriptions in America. Pharmacy is 65 percent of the Company’s business.

• Advancing its leadership in providing flu shots, Walgreens delivered 6.4 million flu shots last year as the Company continued to serve as the country’s No. 1 provider of flu shots other than the federal government.

• To expand the role Walgreens plays in health care, the Company established important new alliances with top health systems, including Johns Hopkins Medical Center, Ochsner Health System and Louisiana State University, to enhance coordinated care to patients.

• The Company completed its goal set in 2009 to convert or open 5,500 Walgreens stores with its new “Customer Centric Retailing” format, which offers customers a more targeted product assortment, better sight lines and new décor packages.

• Walgreens completed its acquisition of drugstore.com, extending its multi-channel reach to an additional 3 million online customers, forging relationships with new vendors and partners and adding approximately 60,000 health, personal care and beauty products to its online offering.

• The Company announced plans to open or convert at least 1,000 “food oasis” stores over the next five years to address the need for greater access to healthy foods in underserved communities across the country, building on its successful 12-store pilot in Chicago.

• The Company exceeded its “Rewiring for Growth” cost reduction goal of $1 billion in annual savings, concluding its three-year restructuring and cost-saving initiative launched in 2008.

• Walgreens was named to Fortune magazine’s World’s Most Admired Companies list for the 18th consecutive year, and was ranked 32nd on the Fortune 500 list of the largest U.S.-based companies.

About the CoverAlana Bowman and her daughter Sadie in Brandon, Mississippi, enjoy their time together at a local playground. “As a single mom with a full-time career, I’m always looking for ways to save time and money,” she says. Taking advantage of the multiple ways she can access Walgreens, Alana shops Walgreens.com, drugstore.com and Beauty.com websites to find great values on products she regularly uses, like shampoo, cosmetics and contact lens solution. She also visits her local Walgreens for family needs such as prescriptions, school supplies and over-the-counter medications.

Page 5: Walgreens Pharmacy Peru, Indiana - Deerfield Partners · Ochsner Health System and Louisiana State University, to enhance coordinated care to patients. • The Company completed its

Walgreens Pharmacy

Peru, Indiana

DeerfieldPartnersJohn GiordaniArt Griffith(415)685-3035

[email protected]

Rankings&Ratings

FortunemagazineAmerica’sMostAdmiredCompaniespublishedMarch17,2008Walgreensrankedfifthamongfoodanddrugstoresandislistedforthe15thconsecutiveyear.

FortunemagazineGlobalMostAdmiredCompaniespublishedMarch17,2008WalgreensrankedseventhamongfoodanddrugstoresandNo.36amongthe50mostadmiredcompanies.

Fortunemagazine500LargestU.S.-BasedCompaniespublishedMay5,2008Walgreensranked40thoverallinrevenue,thirdamongfoodanddrugstores.

Fortunemagazine40BestStocksToRetireOnpublishedJune23,2008WalgreensmadethelistofrecommendedBargainGrowthstocks.

FortunemagazineGlobal500LargestCompaniespublishedJuly21,2008Walgreensranked125thoverallinrevenue.

ForbesPlatinum400ListpublishedJanuary12,2009WalgreensagainmadethislistofthebestperformingbigcompaniesintheUnitedStates

ForbesGlobal2000publishedApril21,2008Walgreensranked250thonthislistofthe2000largestpubliccompaniesworldwide.

Moody’sWalgreenscurrentratingisA2.

StandardandPoor’sWalgreenscurrentratingisA.

Page 6: Walgreens Pharmacy Peru, Indiana - Deerfield Partners · Ochsner Health System and Louisiana State University, to enhance coordinated care to patients. • The Company completed its

Walgreens Pharmacy

Peru, Indiana

DeerfieldPartnersJohn GiordaniArt Griffith(415)685-3035

[email protected]

WalgreensStoresNationwideRECYCLED

ERECYCLED

E

For Our ShareholdersCorporate HeadquartersWalgreen Co.108 Wilmot Road Deerfield, Illinois 60015 (847) 315-2500

Stock Market Listings New York Stock Exchange The NASDAQ Stock Market LLC Chicago Stock Exchange Symbol: WAG

Investor Contacts Rick J. Hans, CFA Divisional Vice President of Investor Relations & Finance (847) 315-2385 [email protected]

Lisa Meers, CFA Manager of Investor Relations (847) 315-2361 [email protected]

Annual Shareholders’ Meeting You are cordially invited to attend the meeting to be held Wednesday, January 11, 2012, at 2 p.m. CST, in the Grand Ballroom, Navy Pier, Chicago, Illinois. Formal notice of the meeting, with proxy card and proxy statement, was sent to all shareholders of record as of November 14, 2011.

Investor InformationAs of September 30, 2011, Walgreens had 84,643 shareholders of record.

Investor information is available at http://investor.walgreens.com. This includes corporate governance guidelines, charters of all committees of the Board of Directors, quarterly reports, press releases, proxy statements, the Company’s Code of Ethics for Financial Executives, Code of Business Conduct and the 2011 Annual Report. These and other reports may also be obtained without charge upon request to:

Shareholder RelationsWalgreen Co. — Mail Stop #1833 108 Wilmot Road Deerfield, Illinois 60015 (847) 315-2922 http://investor.walgreens.com/InvestorKit.cfm

Walgreens has provided certifications by the Chief Executive Officer and Chief Financial Officer regarding the quality of the Company’s public disclosure, as required by Section 302 of the Sarbanes-Oxley Act, on Exhibit 31 to its Annual Report on Form 10-K. Our Chief Executive Officer made an unqualified certification to the New York Stock Exchange with respect to our compliance with NYSE corporate governance listing standards in January 2011.

Electronic Reports To receive proxy statements, annual reports and related materials electronically, refer to the proxy statement sent to shareholders with this annual report. After January 11, 2012, call Nicholas Zangler at (847) 315-2636 or go to http://investor.walgreens.com/InvestorKit.cfm to request electronic delivery.

Quarterly Reporting Dates Quarterly earnings release dates for fiscal 2012 are December 21, March 27, June 26 and September 28. Results are released to the press and posted on the Walgreen website at http://investor.walgreens.com.

Dividend Payment Dates Walgreens pays dividends in March, June, September and December. Checks are customarily mailed on the 12th of each of these months.

Transfer Agent and Registrar For assistance on matters such as lost shares or name changes on shares, please contact:

Wells Fargo Bank, N.A. Shareowner Services 161 North Concord Exchange Street South Saint Paul, MN 55075-1139 www.wellsfargo.com/shareownerservices (888) 368-7346

Direct Stock Purchase Plan Wells Fargo Shareowner Services sponsors and administers a direct stock purchase plan as a convenient method of acquiring Walgreen stock by cash payments, reinvestment of dividends or both. For an information booklet and enrollment form, please call (888) 368-7346. General inquiries to Wells Fargo Bank, N.A. regarding your Walgreen stock should also be directed to (888) 368-7346.

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Walgreens Stores Nationwide

Walgreens Additional Points of Care (as of August 31, 2011):

Infusion and respiratory services facilities 83

Mail-order facilities 2

On-site pharmacies in hospitals and medical centers 137

Specialty pharmacies 9

Take Care Clinics 357

Worksite health and wellness centers 355

Page 7: Walgreens Pharmacy Peru, Indiana - Deerfield Partners · Ochsner Health System and Louisiana State University, to enhance coordinated care to patients. • The Company completed its

Walgreens Pharmacy

Peru, Indiana

DeerfieldPartnersJohn GiordaniArt Griffith(415)685-3035

[email protected]

DrugstoreCount

Revenue

NetIncome

Copyright 2010 Walgreen Co.

C 2011 Walgreen Co. 3

Drugstore CountIncluding Acquired Stores

0

2,000

4,000

6,000

8,000

Dru

gsto

re C

ount

0%

2%

4%

6%

8%

10%

12%

YOY

% G

row

th

New Stores 355 360 344 355 371 465 470 558 554 565

Square Footage (000's) 38,200 42,700 46,700 50,900 55,400 60,600 66,200 73,000 79,000 84,000

YOY % Grow th 13.4% 11.8% 9.4% 9.0% 8.8% 9.4% 9.2% 10.3% 8.2% 6.3%

Drugstores 3,520 3,880 4,224 4,579 4,950 5,415 5,885 6,443 6,997 7,562

YOY % Grow th 11.2% 10.2% 8.9% 8.4% 8.1% 9.4% 8.7% 9.5% 8.6% 8.1%

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Copyright 2010 Walgreen Co.

C 2011 Walgreen Co. 5

Revenue

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

Rev

enue

($ in

Milli

ons)

0%

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YOY

% G

row

th

Revenue 24,623 28,681 32,505 37,508 42,202 47,409 53,762 59,034 63,335 67,420

YOY % Grow th 16.1% 16.5% 13.3% 15.4% 12.5% 12.3% 13.4% 9.8% 7.3% 6.4%

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Copyright 2010 Walgreen Co.

C 2011 Walgreen Co. 10

Net Income

0

500

1,000

1,500

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Net

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me

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ons)

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-5%

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% G

row

th

Net Profit Margin 3.6% 3.5% 3.6% 3.6% 3.7% 3.7% 3.8% 3.7% 3.2% 3.1%

Operating Margin 5.7% 5.6% 5.7% 5.7% 5.7% 5.7% 5.9% 5.8% 5.1% 5.1%

Net Income 875 1,008 1,165 1,350 1,560 1,751 2,041 2,157 2,006 2,091

YOY % Grow th 14.2% 15.2% 15.6% 15.9% 15.5% 12.3% 16.6% 5.7% -7.0% 4.2%

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Page 8: Walgreens Pharmacy Peru, Indiana - Deerfield Partners · Ochsner Health System and Louisiana State University, to enhance coordinated care to patients. • The Company completed its

Walgreens Pharmacy

Peru, Indiana

DeerfieldPartnersJohn GiordaniArt Griffith(415)685-3035

[email protected]

Demographics-1MileRadius

Demographic and Income Profile720 N Broadway, Peru, IN 46970-1027 Prepared by John GiordaniDeerfield PartnersRing: 1 mile radius Latitude: 40.766088

Longitude: -86.077276

AreaStateUSA

Trends 2010-2015

Population Households Families Owner HHs Median HH Income

Annual

Rat

e (i

n p

erce

nt)

3

2.5

2

1.5

1

0.5

0

-0.5

-1

20102015

Population by Age

0-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+

Perc

ent

13

1211

10

9

8

7

6

5

43

2

1

0

2010 Household Income

$200K+1.4%

$150K - $199K0.8%

$100K - $149K7.7%

$75K - $99K8.0%

$50K - $74K23.2%

$35K - $49K17.8%

$25K - $34K12.2%

$15K - $24K16.4%

< $15K12.5%

2010 Population by Race

White Black Am. Ind. Asian Pacific Other Two+

Perc

ent

90

80

70

60

50

40

30

20

10

0

2010 Percent Hispanic Origin: 1.9%

August 02, 2011

©2010 Esri Page 2 of 6

Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. Esri forecasts for 2010 and 2015.

Page 9: Walgreens Pharmacy Peru, Indiana - Deerfield Partners · Ochsner Health System and Louisiana State University, to enhance coordinated care to patients. • The Company completed its

Walgreens Pharmacy

Peru, Indiana

DeerfieldPartnersJohn GiordaniArt Griffith(415)685-3035

[email protected]

Demographics-1MileRadius

Demographic and Income Profile720 N Broadway, Peru, IN 46970-1027 Prepared by John GiordaniDeerfield PartnersRing: 1 mile radius Latitude: 40.766088

Longitude: -86.077276

Summary 2000 2010 2015Population 4,930 4,755 4,538Households 1,991 1,833 1,753Families 1,260 1,116 1,054Average Household Size 2.34 2.27 2.25Owner Occupied Housing Units 1,431 1,330 1,267Renter Occupied Housing Units 560 503 485Median Age 37.8 39.3 39.6

Trends: 2010 - 2015 Annual Rate Area State NationalPopulation -0.93% 0.47% 0.76%Households -0.89% 0.54% 0.78%Families -1.14% 0.39% 0.64%Owner HHs -0.97% 0.58% 0.82%Median Household Income 3.46% 2.51% 2.36%

2000 2010 2015 Households by Income Number Percent Number Percent Number Percent

<$15,000 370 18.3% 229 12.5% 189 10.8%$15,000 - $24,999 387 19.1% 301 16.4% 250 14.3%$25,000 - $34,999 345 17.1% 224 12.2% 186 10.6%$35,000 - $49,999 346 17.1% 327 17.8% 256 14.6%$50,000 - $74,999 370 18.3% 426 23.2% 481 27.5%$75,000 - $99,999 111 5.5% 146 8.0% 131 7.5%$100,000 - $149,999 51 2.5% 142 7.7% 207 11.8%$150,000 - $199,999 24 1.2% 15 0.8% 21 1.2%$200,000+ 18 0.9% 25 1.4% 31 1.8%

Median Household Income $31,897 $41,872 $49,636Average Household Income $41,194 $51,421 $57,633Per Capita Income $17,598 $21,582 $24,313

2000 2010 2015 Population by Age Number Percent Number Percent Number Percent

0 - 4 328 6.7% 300 6.3% 283 6.2%5 - 9 344 7.0% 280 5.9% 263 5.8%10 - 14 344 7.0% 264 5.6% 259 5.7%15 - 19 326 6.6% 303 6.4% 269 5.9%20 - 24 286 5.8% 342 7.2% 313 6.9%25 - 34 634 12.9% 632 13.3% 633 13.9%35 - 44 704 14.3% 602 12.7% 534 11.8%45 - 54 622 12.6% 611 12.9% 526 11.6%55 - 64 427 8.7% 518 10.9% 522 11.5%65 - 74 405 8.2% 348 7.3% 409 9.0%75 - 84 317 6.4% 313 6.6% 288 6.3%85+ 191 3.9% 243 5.1% 239 5.3%

2000 2010 2015 Race and Ethnicity Number Percent Number Percent Number Percent

White Alone 4,627 93.9% 4,441 93.4% 4,208 92.7%Black Alone 124 2.5% 90 1.9% 90 2.0%American Indian Alone 70 1.4% 79 1.7% 81 1.8%Asian Alone 19 0.4% 28 0.6% 31 0.7%Pacific Islander Alone 0 0.0% 1 0.0% 1 0.0%Some Other Race Alone 17 0.3% 24 0.5% 27 0.6%Two or More Races 73 1.5% 92 1.9% 102 2.2%Hispanic Origin (Any Race) 57 1.2% 89 1.9% 105 2.3%

Data Note: Income is expressed in current dollars

August 02, 2011

©2010 Esri Page 1 of 6

Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. Esri forecasts for 2010 and 2015.

Page 10: Walgreens Pharmacy Peru, Indiana - Deerfield Partners · Ochsner Health System and Louisiana State University, to enhance coordinated care to patients. • The Company completed its

Walgreens Pharmacy

Peru, Indiana

DeerfieldPartnersJohn GiordaniArt Griffith(415)685-3035

[email protected]

Demographics-3MileRadius

Demographic and Income Profile720 N Broadway, Peru, IN 46970-1027 Prepared by John GiordaniDeerfield PartnersRing: 3 miles radius Latitude: 40.766088

Longitude: -86.077276

AreaStateUSA

Trends 2010-2015

Population Households Families Owner HHs Median HH Income

Annual

Rat

e (i

n p

erce

nt)

3.5

3

2.5

2

1.5

1

0.5

0

-0.5

-1

20102015

Population by Age

0-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+

Perc

ent

13

1211

10

9

87

6

5

4

32

1

0

2010 Household Income

$200K+1.1%

$150K - $199K0.7%

$100K - $149K6.8%

$75K - $99K9.7%

$50K - $74K23.7%

$35K - $49K17.7%

$25K - $34K12.1%

$15K - $24K14.4%

< $15K13.8%

2010 Population by Race

White Black Am. Ind. Asian Pacific Other Two+

Perc

ent

90

80

70

60

50

40

30

20

10

0

2010 Percent Hispanic Origin: 2.1%

August 02, 2011

©2010 Esri Page 4 of 6

Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. Esri forecasts for 2010 and 2015.

Page 11: Walgreens Pharmacy Peru, Indiana - Deerfield Partners · Ochsner Health System and Louisiana State University, to enhance coordinated care to patients. • The Company completed its

Walgreens Pharmacy

Peru, Indiana

DeerfieldPartnersJohn GiordaniArt Griffith(415)685-3035

[email protected]

Demographics-3MileRadius

Demographic and Income Profile720 N Broadway, Peru, IN 46970-1027 Prepared by John GiordaniDeerfield PartnersRing: 3 miles radius Latitude: 40.766088

Longitude: -86.077276

Summary 2000 2010 2015Population 15,630 14,461 13,782Households 6,473 5,995 5,747Families 4,204 3,762 3,566Average Household Size 2.37 2.30 2.28Owner Occupied Housing Units 4,671 4,367 4,186Renter Occupied Housing Units 1,802 1,629 1,561Median Age 37.1 39.0 39.7

Trends: 2010 - 2015 Annual Rate Area State NationalPopulation -0.96% 0.47% 0.76%Households -0.84% 0.54% 0.78%Families -1.06% 0.39% 0.64%Owner HHs -0.84% 0.58% 0.82%Median Household Income 3.83% 2.51% 2.36%

2000 2010 2015 Households by Income Number Percent Number Percent Number Percent

<$15,000 1,206 18.6% 829 13.8% 694 12.1%$15,000 - $24,999 1,153 17.8% 861 14.4% 703 12.2%$25,000 - $34,999 1,044 16.1% 725 12.1% 604 10.5%$35,000 - $49,999 1,158 17.9% 1,059 17.7% 792 13.8%$50,000 - $74,999 1,121 17.3% 1,418 23.7% 1,605 27.9%$75,000 - $99,999 461 7.1% 584 9.7% 602 10.5%$100,000 - $149,999 216 3.3% 407 6.8% 593 10.3%$150,000 - $199,999 44 0.7% 44 0.7% 66 1.1%$200,000+ 64 1.0% 68 1.1% 88 1.5%

Median Household Income $33,049 $42,117 $50,832Average Household Income $42,763 $51,296 $57,459Per Capita Income $18,063 $21,835 $24,643

2000 2010 2015 Population by Age Number Percent Number Percent Number Percent

0 - 4 1,064 6.8% 962 6.7% 904 6.6%5 - 9 1,129 7.2% 909 6.3% 856 6.2%10 - 14 1,170 7.5% 894 6.2% 867 6.3%15 - 19 1,045 6.7% 955 6.6% 845 6.1%20 - 24 911 5.8% 952 6.6% 867 6.3%25 - 34 2,022 12.9% 1,818 12.6% 1,771 12.8%35 - 44 2,314 14.8% 1,858 12.9% 1,689 12.3%45 - 54 2,109 13.5% 2,024 14.0% 1,729 12.5%55 - 64 1,443 9.2% 1,785 12.3% 1,801 13.1%65 - 74 1,203 7.7% 1,102 7.6% 1,335 9.7%75 - 84 881 5.6% 768 5.3% 709 5.1%85+ 342 2.2% 431 3.0% 410 3.0%

2000 2010 2015 Race and Ethnicity Number Percent Number Percent Number Percent

White Alone 14,613 93.5% 13,427 92.9% 12,691 92.1%Black Alone 392 2.5% 274 1.9% 271 2.0%American Indian Alone 221 1.4% 240 1.7% 243 1.8%Asian Alone 68 0.4% 96 0.7% 109 0.8%Pacific Islander Alone 2 0.0% 4 0.0% 4 0.0%Some Other Race Alone 76 0.5% 104 0.7% 117 0.8%Two or More Races 257 1.6% 315 2.2% 346 2.5%Hispanic Origin (Any Race) 195 1.3% 300 2.1% 351 2.5%

Data Note: Income is expressed in current dollars

August 02, 2011

©2010 Esri Page 3 of 6

Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. Esri forecasts for 2010 and 2015.

Page 12: Walgreens Pharmacy Peru, Indiana - Deerfield Partners · Ochsner Health System and Louisiana State University, to enhance coordinated care to patients. • The Company completed its

Walgreens Pharmacy

Peru, Indiana

DeerfieldPartnersJohn GiordaniArt Griffith(415)685-3035

[email protected]

Demographics-5MileRadius

Demographic and Income Profile720 N Broadway, Peru, IN 46970-1027 Prepared by John GiordaniDeerfield PartnersRing: 5 miles radius Latitude: 40.766088

Longitude: -86.077276

AreaStateUSA

Trends 2010-2015

Population Households Families Owner HHs Median HH Income

Annual

Rat

e (i

n p

erce

nt)

3

2.5

2

1.5

1

0.5

0

-0.5

20102015

Population by Age

0-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+

Perc

ent

1514131211109876543210

2010 Household Income

$200K+1.1%

$150K - $199K0.8%

$100K - $149K7.1%

$75K - $99K10.5%

$50K - $74K25.8%

$35K - $49K17.7%

$25K - $34K11.6%

$15K - $24K12.8%

< $15K12.6%

2010 Population by Race

White Black Am. Ind. Asian Pacific Other Two+

Perc

ent

90

80

70

60

50

40

30

20

10

0

2010 Percent Hispanic Origin: 2.1%

August 02, 2011

©2010 Esri Page 6 of 6

Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. Esri forecasts for 2010 and 2015.

Page 13: Walgreens Pharmacy Peru, Indiana - Deerfield Partners · Ochsner Health System and Louisiana State University, to enhance coordinated care to patients. • The Company completed its

Walgreens Pharmacy

Peru, Indiana

DeerfieldPartnersJohn GiordaniArt Griffith(415)685-3035

[email protected]

Demographics-5MileRadius

Demographic and Income Profile720 N Broadway, Peru, IN 46970-1027 Prepared by John GiordaniDeerfield PartnersRing: 5 miles radius Latitude: 40.766088

Longitude: -86.077276

Summary 2000 2010 2015Population 20,446 20,538 19,730Households 7,901 7,407 7,122Families 5,301 4,820 4,588Average Household Size 2.42 2.35 2.33Owner Occupied Housing Units 5,895 5,575 5,366Renter Occupied Housing Units 2,006 1,833 1,756Median Age 37.4 38.7 39.1

Trends: 2010 - 2015 Annual Rate Area State NationalPopulation -0.80% 0.47% 0.76%Households -0.78% 0.54% 0.78%Families -0.98% 0.39% 0.64%Owner HHs -0.76% 0.58% 0.82%Median Household Income 3.40% 2.51% 2.36%

2000 2010 2015 Households by Income Number Percent Number Percent Number Percent

<$15,000 1,366 17.3% 936 12.6% 780 11.0%$15,000 - $24,999 1,249 15.8% 950 12.8% 773 10.9%$25,000 - $34,999 1,242 15.7% 857 11.6% 710 10.0%$35,000 - $49,999 1,486 18.8% 1,314 17.7% 971 13.6%$50,000 - $74,999 1,523 19.3% 1,914 25.8% 2,131 29.9%$75,000 - $99,999 604 7.7% 775 10.5% 810 11.4%$100,000 - $149,999 295 3.7% 525 7.1% 757 10.6%$150,000 - $199,999 57 0.7% 58 0.8% 88 1.2%$200,000+ 71 0.9% 78 1.1% 102 1.4%

Median Household Income $35,756 $44,666 $52,791Average Household Income $44,311 $53,027 $59,158Per Capita Income $17,849 $21,335 $23,949

2000 2010 2015 Population by Age Number Percent Number Percent Number Percent

0 - 4 1,264 6.2% 1,146 5.6% 1,074 5.4%5 - 9 1,381 6.8% 1,112 5.4% 1,047 5.3%10 - 14 1,457 7.1% 1,126 5.5% 1,093 5.5%15 - 19 1,343 6.6% 1,278 6.2% 1,138 5.8%20 - 24 1,244 6.1% 1,510 7.4% 1,425 7.2%25 - 34 2,741 13.4% 2,931 14.3% 2,863 14.5%35 - 44 3,245 15.9% 3,122 15.2% 2,909 14.7%45 - 54 2,907 14.2% 2,982 14.5% 2,606 13.2%55 - 64 1,903 9.3% 2,417 11.8% 2,424 12.3%65 - 74 1,542 7.5% 1,473 7.2% 1,791 9.1%75 - 84 1,031 5.0% 949 4.6% 882 4.5%85+ 387 1.9% 491 2.4% 476 2.4%

2000 2010 2015 Race and Ethnicity Number Percent Number Percent Number Percent

White Alone 18,853 92.2% 18,494 90.0% 17,576 89.1%Black Alone 817 4.0% 972 4.7% 979 5.0%American Indian Alone 274 1.3% 325 1.6% 333 1.7%Asian Alone 82 0.4% 120 0.6% 139 0.7%Pacific Islander Alone 3 0.0% 6 0.0% 6 0.0%Some Other Race Alone 96 0.5% 165 0.8% 189 1.0%Two or More Races 321 1.6% 457 2.2% 508 2.6%Hispanic Origin (Any Race) 247 1.2% 436 2.1% 513 2.6%

Data Note: Income is expressed in current dollars

August 02, 2011

©2010 Esri Page 5 of 6

Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. Esri forecasts for 2010 and 2015.