EXCLUSIVELY LISTED INVESTMENT OFFERING...New Jersey, and is the 15th largest municipality in New Jersey. It is the tenth most densely populated municipality in the entire United States

E X C L U S I V E L Y L I S T E D I N V E S T M E N T O F F E R I N G

101 PRESIDENT STREET | PASSAIC (NEW YORK MSA), NJ 07055

NEW YORK MSA INVESTMENT OPPORTUNITY

Pharma Property Group | 5328 Banks Street, Suite B | San Diego, CA 92110 | 619.297.0055 | www.pharmapropertygroup.com

MANHATTAN

SUBJECT PROPERTY

RESIDENTIALNIGHBORHOODS

PASSAIC INDUSTRIAL CENTER1.64M SQUARE FEET

30.86 ACRES

21

Exclusively Listed By

JASON STUART PONGSRIKULPharma Property Group

Direct: 619-297-0055 [email protected]

CA DRE License 01918332

Listed in conjunction with New Jersey Broker of Record

JAMES R. DAVIS Resource Realty

Direct: [email protected] DRE License RB-8810475

page 2

101 PRESIDENT STREETPASSAIC (NEW YORK MSA), NJ 07055

Jason Stuart PongsrikulManaging Principal, Pharma Property Group

James DavisBroker of Record, Resource Realty

Year Built: 2000Lot Size: 58,806 Square FeetBuilding Size: 13,982 Square Feet


Investment HighlightsSTABLE INCOMERental income guaranteed by Walgreens parent corporate (S&P BBB) investment grade Fortune 500 Company with over 8,000 locations.

LEASE TERM REMAININGDrive-thru pharmacy with 3.5 years of primary lease term remaining and eight (5-year) options to extend on a double net lease.

DOUBLE NET LEASELandlord is responsible for roof and exterior structure. Tenant is responsible for parking lot maintenance, landscaping, taxes, insurance, interior structure and HVAC.

INFILL TRI-STATE REAL ESTATEExceptional infill real estate, located just 16 miles from Lower Manhattan and 7 miles from the Meadowlands. The store is located about half a mile off Route 21 (65,000 vehicles daily) between the Dayton Avenue and Randolph Avenue exits.

INFILL DEMOGRPAHICS Nearly 700,000 residents in a five-mile radius with average household incomes of $83,000 annually.

HOME DEPOT OUTPARCELSubject property is an outparcel to a ±117,827 square foot Home Depot and within a block is a Kmart anchored shopping center.

ST. MARY’S GENERAL HOSPITALLocated less than a mile and a half from subject property lies the St. Mary’s General Hospital (287 beds), the only Hospital in Passaic with over 550 physicians and 1,200 employees, making it one of the largest employers in the county. St. Mary’s General Hospital is an acute care hospital providing a broad range of cardiovascular services as well as a comprehensive program for cancer care.

ADJACENT TO PASSAIC INDUSTRIAL CENTERSubject property is adjacent to Passac Industrial Center, a 1.64 million square foot facility on 30.86 acres with 41 buildings home to a variety of industrial tenants.

SUBJECT PROPERTY

page 3




Lease OverviewTenant:WALGREENS (NYSE: WAG)

Landlord Income: CORPORATE GUARANTEE

Credit Rating: INVESTMENT GRADE, BBB (S&P)

Lease Type: DOUBLE NET LEASE Landlord responsible for roof and structure.

Lease Term: 3.5 YEARS REMAINING WITH 8 (5 YEAR) OPTIONS TO FOLLOW

Lease Commencement: DECEMBER 31 , 2000

Next Option Begins: JANUARY 1 , 2021

PricingPrice: $5,400,444CAP: 6.75% CAP Price Per SF: $386.24Monthly Income: $30,377.50Annual Income: $364,530

BuildingBuilding Square Footage: 13,982 Land Square Footage: 58,806Rent/Square Foot: $26.07Year Built: 2000

Location Overview

Passaic is a city in Passaic County in northern

New Jersey, and is the 15th largest municipality

in New Jersey. It is the tenth most densely

populated municipality in the entire United States with

22,000+ people per square mile.

PASSAIC (NEW YORK MSA), NEW JERSEY

SUBJECT PROPERTYPASSAIC

MANHATTAN

SUBJECT PROPERTY

MEADOWLANDS

16 MILES

page 4




Property Photos

FRONT OF BUILDING ENTRY FROM PRESIDENT STREET

NORTH SIDE OF BUILDING AND PARKING

EAST SIDE OF BUILDING WITH PARKING

DRIVE-THRU ON WEST SIDE OF BUILDING FACING PARKER AVENUE

page 5





Property Photos

SUBJECT PROPERTY

MANHATTAN

SUBJECT PROPERTY


PASSAIC INDUSTRIAL CENTER1.64M SQUARE FEET

30.86 ACRES

21

page 6




Company Summary*

Tenant HistoryWalgreens, headquarted in Deerfield, IL, is the largest drug retailing chain in the United States with more than 8,175 stores in all 50 states, the Disctrct of Columbia, Puerto Rico, and the U.S. Virgin Islands. Walgreens built out its national platform through its corporate real estate department heavily during the 1990’s continuing through the mid 2000’s. By 2012, Walgreens had opened its 8,000th store and later that year the company made a bold move by purchasing a 45% interest in Alliance Boots, a leading international pharmacy-led health and beauty group. Two years later, Walgreens exercised its option to purchase the remaining 55% of the Switzerland based Alliance Boots to merge and create a new holding company named Walgreens Boots Alliance(NASDAQ: WBA). This transaction brought together two leading companies with iconic brands, complementary geographic footprints, shared values and a heritage of trusted healthcare services through pharmaceutical wholesaling and community pharmacy care, dating back more than 100 years. Today, Walgreens is part of the Retail Pharmacy USA division of Walgreens Boots Alliance. The company sells prescription and non-prescription drugs and general merchandise including household products, convenience and fresh foods, personal care, beauty care, photo finishing, as well as home medical equipment, contact lenses, vitamins, supplements and other health and wellness solutions. Walgreens also provides specialty pharmacy services for managing complex and chronic health conditions. In addition to these in-store offerings, the company operates digital businesses that include Walgreens.com, Drugstore.com, Beauty.com, SkinStore.com, and VisionDirect.com.*Walgreens company information received from Walgreens investor relations.

tenant profileGuarantor: Walgreens Boots Alliance, Inc.Ownership: PublicStock Symbol (NASDAQ): WBACredit Rating (S&P): BBBBusiness: Retail PharmacyLocations: 8,175Annual Revenue: $117.35 BillionNet Worth: $29.88 BillionHeadquartrs: Deerfield, ILWebsite: www.walgreens.com

On Oct 27, 2015, Walgreens Boots Alliance entered into a merger agreement with Rite Aid Corporation (NYSE: RAD). The transaction is expected to close sometime in mid-2017, but is subject to Rite Aid stockholder approval, regulatory approvals and other customary closing conditions.

page 7




Locations by State

WA135

OR76

CA633

NV82

ID39

MT13

WY10

UT48

AZ244 NM

72

CO159

ND1

SD14

NE57

KS69

OK114

TX713 LA

158

AR81

MO212

IA70

MN152

IL598

MS76

AL113

FL831

US VIRGIN ISLANDS1

PR120

GA203

SC114

NC268

VA140

DC8

MD85

DE64

NJ197

CT92

RI25

MA163

VT3

NH31

WV16

PA123

NY469

ME14

AK12

HI20

TN252

KY95

OH247

WI225

IN190

MI228

Alabama 113 Idaho 39 Mississippi 76 Oklahoma 114 West Virginia 16

Alaska 12 Illinois 598 Missouri 212 Oregon 76 Wisconsin 225

Arizona 244 Indiana 190 Montana 13 Pennsylvania 123 Wyoming 10

Arkansas 81 Iowa 70 Nebraska 57 Rhode Island 25 Puerto Rico 120

California 633 Kansas 69 Nevada 82 South Carolina 114 US Virgin Islands 1

Colorado 159 Kentucky 95 New Hampshire 31 South Dakota 14

Connecticut 92 Louisiana 158 New Jersey 197 Tennessee 252

Delaware 64 Maine 14 New Mexico 72 Texas 713

Washington DC 8 Maryland 85 New York 469 Utah 48

Florida 831 Massachusetts 163 North Carolina 268 Vermont 3

Georgia 203 Michigan 228 North Dakota 1 Virginia 140

Hawaii 20 Minnesota 152 Ohio 247 Washington 135

*Nationwide locations as of August 31, 2016Note: Walgreens also operates specialty and institutional pharmacies. Walgreens Take Care Health Systems subsidiary manages more than 400 Healthcare Clinics at select Walgreens drugstores.

Total 8,175*

page 8




Demographic Snapshot | 2017

Disclaimer: This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage, age, distances, lot size, store opening dates, demographic information, aerial information, tenant information & store operating information are approximate.

Buyer and their representatives understands that Walgreens tenant information was gathered by sources deemed to be reliable including Walgreens public quarterly and annual reports. Demographic information was provided by Nielsen Information Systems.

By accepting this package, buyer and their representatives must verify the information and bears all risk for any inaccuracies. © 2017 Pharma Property Group.

33.40

37.40

38.0

0

3 Mile

s

1 Mile

5 Mile

s

Average Age

19,80

2

106,1

90

236,0

965 M

iles

3 Mile

s

1 Mile

Total Households

$47,2

78

$76,2

00

$83,6

84

3 Mile

s

1 Mile

5 Mile

s

68,0

98

308,6

56

670,

836

5 Mile

s

3 Mile

s

1 Mile

Total Population

Average Household Inc

page 9




Investment Property Recap

Lease OverviewTenant:Walgreens (NYSE: WAG)

Landlord Income: Corporate Guarantee

Credit Rating: Investment Grade, BBB (S&P)

Lease Type: Double NET LeaseLandlord responsible for roof and structure.

Lease Term: 3.5 years remaining with8 (five year) options to follow

Next Option Begins: Juanuary 1, 2021

Year Built: 2000Total Lot Size: 58,806 Square FeetTotal Building Size: 13,982 Square Feet


PricingPrice: $5,400,444

Total Monthly Income: $30,377.50

Total Annual Income: $364,530

Cap Rate: 6.75%

SUBJECT PROPERTY


MANHATTAN

JASON STUART PONGSRIKULManaging Principal

Direct: 619.297.0055 [email protected]

CA DRE Lic. #01918332

Listed in conjunction with New Jersey Broker of Record

JAMES R. DAVISResource Realty

Direct: [email protected]

License RB-8810475

5328 Banks Street, Suite BSan Diego, CA 92110P 619.297.0055F 619.839.0828

www.pharmapropertygroup.com

E X C L U S I V E L Y L I S T E D I N V E S T M E N T O F F E R I N G

101 PRESIDENT STREET | PASSAIC (NEW YORK MSA), NJ 07055

http://www.pharmapropertygroup.com

EXCLUSIVELY LISTED INVESTMENT OFFERING...New Jersey, and is the 15th largest municipality in New Jersey. It is the tenth most densely populated municipality in the entire United States

Documents