Walgreens Pharmacy #12528 Northern California • ~18 Year NNN with extremely rare rent increases in primary term • Rare 10% rental increase every ten years (in primary term and options) • Hard corner location at signalized intersection with excellent visibility and access • Lowe’s, Safeway, Staples and PETCO anchor the 273,000 square foot Amador Ridge regional shopping center, located just a half mile south • True NNN lease with no management responsibilities • Walgreens corporate, investment grade credit guarantees the rent Deerfield Partners John Giordani Art Griffith (888) 258-7605 listings@deerfieldteam.com Doug Finney (650) 358-5250 dfi[email protected]$12,316,000 5.29% Cap Rate Rent Increases! Extremely Rare for Walgreens
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rent increases in - LoopNet · Demographic Snapshot Residents Average Income 1 Mile Radius 1,736 $64,982 3 Mile Radius 7,093 $62,159 5 Mile Radius 9,664 $66,045 Site Info & Neighboring
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Walgreens Pharmacy #12528 Northern California
• ~18 Year NNN with extremely rare rent increases in primary term
• Rare 10% rental increase every ten years (in primary term and options)
• Hard corner location at signalized intersection with excellent visibility and access
• Lowe’s, Safeway, Staples and PETCO anchor the 273,000 square foot Amador Ridge regional shopping center, located just a half mile south
• True NNN lease with no management responsibilities
• Walgreens corporate, investment grade credit guarantees the rent
This is a rare opportunity for an investor to acquire a Walgreens drugstore property with rent increases scheduled in the lease.While99outof100Walgreens leasesareflat for the lifeof the lease, thislease has rent increases providing for appreciation of future value. See below for the scheduled rent increases.
Investment SummaryPrice $12,316,000
CAP Rate 5.29%Avg. Annual Income $651,625
Years Guaranteed ~ 18 years
Demographic Snapshot
Residents Average Income
1 Mile Radius 1,736 $64,982
3 Mile Radius 7,093 $62,159
5 Mile Radius 9,664 $66,045
Site Info & Neighboring RetailersThis Walgreens is located at the northwest corner of the signalized intersection of California State Routes 49 and104. The intersection sees average daily traffic of 23,900vehicles. The site is easily accessible via right-turn entrances frombothCaliforniaStateRoutes49and104.ThesiteisonlyonemilefromdowntownSutterCreek,andbenefitsfromtouristtrafficexitingthehighwaytoheadtodowntownSutterCreek.Chevron,ShellandUmpquaBankarelocatedintheimmediatevicinity,aswellasnumerouslocalandregionalretailers.Lowe’s, Safeway, Staples and PETCO anchor the 273,000 square foot Amador Ridge regional shopping center, located just a half mile south.
Walgreens Pharmacy #12528 Sutter Creek, California
DeerfieldPartnersJohn Giordani • Art Griffith(888) 258-7605 • [email protected]
About the Site & Neighboring RetailersThis Walgreens is located at the northwest corner of the signalized intersection of California State Routes 49and104.Theintersectionseesaveragedailytrafficof23,900vehicles.Thesiteiseasilyaccessibleviaright-turnentrancesfrombothCaliforniaStateRoutes49and104.ThesiteisonlyonemilefromdowntownSutter Creek, and benefits from tourist traffic exiting the highway to head to downtownSutter Creek.Chevron,ShellandUmpquaBankare located in the immediatevicinity,aswellasnumerous localandregionalretailers.
Walgreens Pharmacy #12528 Sutter Creek, California
DeerfieldPartnersJohn Giordani • Art Griffith(888) 258-7605 • [email protected]
Limited Drugstore CompetitionWithWalgreenspendingacquisitionof 50%ofRiteAid locations, investorsare lookingclosely at thecompetitivelandscapeineachlocalmarketpriortomakingpurchasedecisions.Inthiscase,aninvestorneednotworry.There is NO Rite Aid in the trade area.
About Walgreens Boots AllianceWalgreensBootsAllianceisthefirstglobalpharmacy-led,healthandwellbeingenterpriseintheworld.Ourpurposeistohelppeopleacrosstheworldleadhealthierandhappierlives. Walgreens Boots Alliance was created through the combination of Walgreens and Alliance Boots inDecember2014.Thistransactionbroughttogethertwoleadingcompanieswithiconicbrands,complementary geographic footprints, shared values and a heritage of trusted healthcare services throughpharmaceuticalwholesalingandcommunitypharmacycare,datingbackmorethan100years.
The Company, with a presence in more than 25 countries, employs over 370,000 people and is the largestretailpharmacy,healthanddailylivingdestinationintheUSAandEurope.
The Company’s size, scale, and expertise will help us to expand the supply, and address the rising cost of,prescriptiondrugsintheUSAandworldwide.
The creation of Walgreens Boots Alliance provides an opportunity to further accelerate the development of a fully integrated, global platform for the future to provide innovative ways to address health and wellnesschallenges.OurCompanyiswellpositionedtoexpandcustomerofferingsinexistingmarketsandbecomethehealthandwellbeingpartnerofchoiceinemergingmarkets.
Walgreens Pharmacy #12528 Sutter Creek, California
DeerfieldPartnersJohn Giordani • Art Griffith(888) 258-7605 • [email protected]
Walgreens Boots Alliance -- Retail Pharmacy USA DivisionTheRetailPharmacyUSADivision’sprincipalretailpharmacybrandsareWalgreensandDuaneReade.Together,theyformthelargestdrugstorechainintheUSA.
As of August 31, 2016, this Division operated 8,175 retail drugstores in 50 states, the District of Columbia,PuertoRicoandtheUSVirginIslands.Approximately76%ofthepopulationoftheUSAliveswithinfivemilesofaWalgreens.
The company sells prescription and non-prescription drugs, as well as general merchandise, including householditems,convenienceandfreshfoods,personalcare,beautycare,photofinishingandcandy.They provide customers with convenient, omni-channel access to consumer goods and services, pharmacy,andhealthandwellnessservicesincommunitiesacrossAmerica.
Demographics - 1 Mile RadiusDemographic and Income Profile475 State Highway 49, Sutter Creek, California, 95685 Prepared by EsriRing: 1 mile radius Latitude: 38.37953
Longitude: -120.80287
Summary Census 2010 2017 2022Population 1,685 1,763 1,848Households 820 861 901Families 476 496 519Average Household Size 2.04 2.04 2.04Owner Occupied Housing Units 465 473 490Renter Occupied Housing Units 355 388 411Median Age 49.7 53.1 55.1
Trends: 2017 - 2022 Annual Rate Area State NationalPopulation 0.95% 0.84% 0.83%Households 0.91% 0.77% 0.79%Families 0.91% 0.77% 0.71%Owner HHs 0.71% 0.67% 0.72%Median Household Income 0.64% 2.66% 2.12%
2017 2022 Households by Income Number Percent Number Percent
Demographics - 3 Mile RadiusDemographic and Income Profile475 State Highway 49, Sutter Creek, California, 95685 Prepared by EsriRing: 3 mile radius Latitude: 38.37953
Longitude: -120.80287
Summary Census 2010 2017 2022Population 7,078 7,093 7,280Households 3,169 3,190 3,267Families 1,889 1,898 1,944Average Household Size 2.17 2.18 2.19Owner Occupied Housing Units 1,857 1,839 1,886Renter Occupied Housing Units 1,312 1,351 1,381Median Age 48.0 50.5 51.8
Trends: 2017 - 2022 Annual Rate Area State NationalPopulation 0.52% 0.84% 0.83%Households 0.48% 0.77% 0.79%Families 0.48% 0.77% 0.71%Owner HHs 0.51% 0.67% 0.72%Median Household Income 0.87% 2.66% 2.12%
2017 2022 Households by Income Number Percent Number Percent