NNN Properties for Sale -The Boulder Group

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WalgreensSEC of West 95th Street & South Pulaski RoadEvergreen Park, Illinois 60805 (Chicago MSA)

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1) Confidentiality&Disclaimer

2) ExecutiveSummary

3) InvestmentHighlights

4) PropertyOverview

5) Aerial

6) SitePlan

7) Maps

8) TenantProfile

9) DemographicComparisonReport

10) LocationOverview

11) ContactInformation

TABLE OF CONTENTS

TABLE OF CONTENTS

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

CONFIDENTIALITY & DISCLAIMER

CONFIDENTITALITY & DISCLAIMER

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TheBoulderGroupispleasedtoexclusivelymarketforsaleanewconstructionsingletenantnetleasedWalgreenspropertylocatedintheChicagoMSAapproximately12milesfromdowntownChicago.The14,820squarefootWalgreensisscheduledtoopeninJune2014.Thispropertyreplacesapreviouslysuccessfulmid-blockWalgreenslocationwithstrongstoresales,furthersolidifyingWalgreens’commitmenttothisneighborhood.TheWalgreensfeaturesalongtermabsolutenetleasewith20yearsofleasetermremaininguponcommencementandelevenfive-yearrenewaloptions.Theleasealsofeaturesrarerentalescalationseverytenyearsthroughouttheprimarytermandineachrenewaloptionperiod.ThepropertyislocatedinadenselypopulatedareaatthesignalizedintersectionoftwoprimaryChicagothoroughfareswithintheEvergreenParkneighborhood.

ThesubjectpropertyislocatedatthesignalizedintersectionofWest95thStreetandSouthPulaskiRoad,whichexperiencesacombinedtrafficcountinexcessof69,000vehiclesperday.TheWalgreensisaccessiblebytraffictravelingonbothWest95thStreetandSouthPulaskiAvenue.Theareaisdenselypopulatedwithapproximately200,000peoplelivingwithinthreemilesofthesubjectpropertyearninganaveragehouseholdincomeof$75,000.TheAdvocateChristMedicalCenter,atop100hospitalnationallywith694beds,islocatedhalfamilewestoftheWalgreensproperty.

ThepropertyiscentrallylocatedwithinamajorretailcorridoracrossthestreetfromaTarget,HomeDepot,andJewel-Oscoanchoredshoppingcenter.A450,000squarefootMeijerandMenardsanchoredshoppingcenteranda92,512squarefootMariano’sFreshMarketanchoredshoppingcenterarebothbeingdevelopedapproximatelyonemileeastofthesubjectproperty.Thesenewandrareurbaninfillprojectswill furtherenhance95thStreetasthedominantretailcorridorinthearea.OtherretailerslocatedwithintheimmediateareaincludeBankofAmerica,ChaseBank,Binny’s,ChuckE.Cheese’s,StandardBank&Trust,FirstNationalBankofEvergreenPark,BurgerKing,andLonghornSteakhouse.

TherentisestimatedtocommenceJune2014andthenetleasehasaprimarytermoftwentyyearswithelevenfive-yearrenewaloptionperiods.Theleasefeaturesrarerentalescalationseverytenyearsthroughouttheprimarytermandrenewaloptionperiods.WalgreensisapubliclytradedcompanyontheNewYorkStockExchange(WAG),withamarketcapitalizationinexcessof$56billion.WalgreensisaninvestmentgradecompanywithaStandard&Poor’sratingofBBB.

EXECUTIVE SUMMARY

EXECUTIVE SUMMARY

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INVESTMENT HIGHLIGHTS

INVESTMENT HIGHLIGHTS

• LocatedwithintheChicagoMSA(12Milesfromdowntown)

• Leasefeaturesrarerentalescalationsintheprimarytermandrenewaloptionperiods

• Relocationofapreviouslysuccessfulmid-blockstorewithexcellentstoresales

• Longtermleasewith20yearsremaininguponcommencement

• Investmentgradetenant(S&P:BBB)

• Highbarrierstoentryduetodensityofthesurroundingarea

• Positionedonthehardcornerofasignalizedintersection

• Brandnewconstruction(June2014)

• Elevenfive-yearrenewaloptions

• Zerolandlordresponsibilities

• IntersectionofWest95thStreet&SouthPulaskiRoadhastrafficcountsinexcessof69,000VPD

• Centrallylocatedinthedominant95thstreetretailcorridor

• Locatedonemileeastfromtwoseparategroceryanchoreddevelopmentstotalingover540,00squarefeet

• LocatedacrossthestreetfromaTarget,HomeDepotandJewel-Oscoanchoredshoppingcenter

• Locatedone-halfmilefromapremier694-bedhospital

• Denselypopulatedareawithover555,000peoplelivingwithinfivemiles

• Averagehouseholdincomewithinthreemilesofthepropertyisinexcessof$75,000

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Price: $11,142,857

CapRate: 5.25%

RentSchedule: NOI EscalationDate

$585,000$600,000 6/1/2024 $616,500 6/1/2034 $634,650 6/1/2044$654,650 6/1/2054$676,572 6/1/2064$700,730 6/1/2074 $727,303 6/1/2084

LeaseCommencementDate: June1,2014(Estimated)

LeaseExpirationDate: June31,2034(Estimated)

RenewalOptions: Eleven5-Year

Tenant: Walgreens

CreditRating: BBB(Standard&Poor’s)

YearBuilt: 2014

LandlordObligations: None

RentableSquareFeet: 14,820

LandSize: 1.43acres

PROPERTY OVERVIEW

PROPERTY OVERVIEW

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AERIAL

AERIAL

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29,600 VPD

39,500 VPD

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W. 95TH STREET

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SITE PLAN

SITE PLAN

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MAPS

MAPS

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Walgreensisengagedinretaildrugstorebusiness.Thecompanyoperates8,560locationsinall50states,theDistrictofColumbia,PuertoRicoandGuam.Thecompanyalsooperatesworksitehealthcenters,homecarefacilities,andspecialtyandmailservicepharmacies.ItsTakeCareHealthSystemssubsidiarymanagesmorethan715in-storeconvenientcareclinicsandworksitehealthandwellnesscenters.TheCompany’sdrugstoresareengaged intheretailsaleofprescriptionandnon-prescriptiondrugsandgeneralmerchandise.Generalmerchandiseincludes,amongotherthings,householditems,personalcare,conveniencefoods,beautycare,photofinishing,candy,andseasonalitems.Walgreensofferscustomersthechoicetohaveprescriptionsfilledatthedrugstorecounter,aswellasthroughthemail,bytelephone,andthroughtheInternet.InSeptember2013,WalgreensannouncedthatitsacquisitionofKerrDrugandits76locations.

Website: www.walgreens.comNumberofLocations: 8,560StockSymbol: WAG:NYSEStandard&Poor’sRating: BBBMarketCapitalization: $56billion

TENANT PROFILE

TENANT PROFILE

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Population 1-mi 3-mi 5-mi

TotalPopulation 19,823 198,891 555,946TotalHouseholds 7,802 69,300 188,418

Income

MedianHouseholdIncome $55,246 $58,462 $46,532AverageHouseholdIncome $68,975 $74,720 $60,946

DEMOGRAPHIC COMPARISON REPORT

DEMOGRAPHIC COMPARISON REPORT

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Evergreen Park isavillageinCookCountywithapopulationof20,000.ThesuburbissurroundedbythecityofChicagoonthreeofitssidesandbordersOakLawnandHometowntoits’west.Thetotalareaofthevillageis3.16miles.

www.evergreenpark-il.com

ChicagoisthemostpopulouscityintheMidwesternUnitedStatesandthethirdmostpopulouscityintheUnitedStateswith2,700,000residents.ChicagoisthecountyseatofCookCounty,thesecondlargestcountyintheUnitedStates.TheChicagoMSAisthethirdmostpopulatedmetropolitanareaintheUnitedStateswith9,580,567residents.TheMSAcoversover1,300square miles and six counties. The Chicago metropolitan area is home to the corporateheadquarters of 57 Fortune 1000 companies, including Boeing, McDonald’s, Motorola,

DiscoverFinancialServicesandUnitedAirlines.Chicagoisamajorhubforindustry,telecommunicationsandinfrastructureandO’HareInternationalAirportisthesecondbusiestairportintheworldintermsofvolume.

Themetro isamajor financial center inNorthAmerica,and ishome to the largest futuresexchange in theUnitedStates,theCMEGroup.ChicagoisthirdintheworldontheGlobalFinancialCentersIndexwhichranksthecompetitivenessoffinancialcentersbasedonpeople,businessenvironment,marketaccess,infrastructureandgeneralcompetitiveness.

www.cityofchicago.org

LOCATION OVERVIEW

LOCATION OVERVIEW

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666DundeeRoad,Suite1801Northbrook,IL60062

Randy [email protected]

Jimmy [email protected]

CONTACT INFORMATION

CONTACT INFORMATION

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