net lease property for sale

www.bouldergroup.com

NET LEASED INVESTMENT OFFERINGNET LEASED INVESTMENT OFFERINGNET LEASED INVESTMENT OFFERINGNET LEASED INVESTMENT OFFERING

WalWalWalWalgreensgreensgreensgreens 1111 North Commerce1111 North Commerce1111 North Commerce1111 North Commerce StreetStreetStreetStreet

Ardmore, OK 7340Ardmore, OK 7340Ardmore, OK 7340Ardmore, OK 73401111

NET LEASED INVESTMENT OFFERING


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Confidentiality & Disclaimer

Executive Summary

Property Overview

Aerial

Site Plan

Map

Tenant Profile

Demographic Comparison Report

Location Overview

Contact Information

TABLE OF CONTENTS

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The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from The Boulder Group and should not be made available to any other person or entity without the written consent of The Boulder Group. This Offering Memorandum has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. The Boulder Group has not made any investigation, and makes no warranty or representation. The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable; however, The Boulder Group has not verified, and will not verify, any of the information contained herein, nor has The Boulder Group conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

CONFIDENTIALITY & DISCLAIMER

CONCONCONCONFIDENTIALITY & DISCLAIMERFIDENTIALITY & DISCLAIMERFIDENTIALITY & DISCLAIMERFIDENTIALITY & DISCLAIMER



The Boulder Group is pleased to exclusively market for sale a single tenant net leased Walgreens property located in Ardmore, Oklahoma, halfway between Oklahoma City and Dallas. The 15,120 square foot Walgreens was built in 2000 and benefits from its location within the primary retail trade area. Walgreens is committed to this location as evidenced by the early ten year lease extension through August 2030. This location is a strong performing location and the extension solidifies Walgreens presence in the area for eighteen more years.

The property is located on the corner of Commerce Street and 12th Avenue. This intersection has traffic counts in excess of 25,500 vehicles per day and benefits from a traffic signal on the hard corner, creating steady traffic flow at the site. Additionally, there is a full access interchange with Interstate 35 approximately one mile from the property. Nearby retailers include Wal-Mart Supercenter, Lowe’s, Ross, JCPenney, Hobby Lobby, Staples, PETCO and Carmike Cinemas. Mercy Memorial Health Center, which employs over 1,000 health care workers and physicians, is also less than one-quarter mile from the property. Mercy Memorial Health Center is part of the Mercy Health System of Oklahoma, one of the largest in the state. Ardmore is located in the largest oil producing county in Oklahoma and has a trade area population in excess of 100,000 people.

Walgreens’s original lease term was for 20 years and in 2012 Walgreens extended the lease early for an additional ten years through August 2030. Walgreens is a publicly traded company on the New York Stock Exchange (WAG), with a market capitalization of $25 billion. Walgreens is an investment grade rated company with a Standard & Poor’s rating of A.

• Long term lease with 18 years of lease term remaining

• Walgreens recently extended the lease for ten additional years through August 2030

• Investment grade tenant (S&P: A)

• Positioned on the hard corner of a signalized intersection

• Approximately one mile from Interstate 35

• Traffic volumes in excess of 15,000 vehicles per day along Commerce Street

• Other nearby retailers include Wal-Mart Supercenter, Lowe’s, JCPenney, Hobby Lobby, Staples, PETCO and Carmike Cinemas

• Close proximity to the Mercy Memorial Health Center

• Strong sales history at this location

• Ardmore is located in the largest oil producing county in Oklahoma

INVESTMENT HIGHLIGHTS

EXECUTIVE SUMMARY

EXECUTIVE SUMMARYEXECUTIVE SUMMARYEXECUTIVE SUMMARYEXECUTIVE SUMMARY



Price: $4,458,462

Cap Rate: 6.50%

Net Operating Income: $289,800

Renewal Options: Six 5-Year

Lease Commencement Date: November 1, 2000

Lease Expiration Date: August 31, 2030

Tenant: Walgreens

Credit Rating: A

Year Built 2000

Lease Type: NN

Rentable Square Feet: 15,120 SF

Land Size: 1.35 acres

PROPERTY OVERVIEW

PROPERTY OVERVIEWPROPERTY OVERVIEWPROPERTY OVERVIEWPROPERTY OVERVIEW



AERIAL

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SITE PLANSITE PLANSITE PLANSITE PLAN

SITE PLAN



MAP

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Website: www.walgreens.com

Number of Locations: 8,261

Stock Symbol: WAG : NYSE

Standard & Poor’s Rating: A

Market Capitalization: $25 Billion

Walgreens is engaged in retail drugstore business. As of November 30, 2011, the Company operated 8,261 locations in all 50 states, the District of Columbia, Puerto Rico and Guam. The company also operates worksite health centers, home care facilities, and specialty and mail service pharmacies. Its Take Care Health Systems subsidiary manages more than 715 in-store convenient care clinics and worksite health and wellness centers. The Company’s drugstores are engaged in the retail sale of prescription and non-prescription drugs and general merchandise. General merchandise includes, among other things, household items, personal care, convenience foods, beauty care, photofinishing, candy, and seasonal items. Walgreens offers customers the choice to have prescriptions filled at the drugstore counter, as well as through the mail, by telephone, and through the Internet. In March 2011, Walgreens announced that it has completed the acquisition Drugstore.com.

TENANT PROFILE

TENANT PROFILETENANT PROFILETENANT PROFILETENANT PROFILE



PopulationPopulationPopulationPopulation 3333----mi.mi.mi.mi. 5555----mimimimi 10101010----mimimimi

Total Population 22,819 26,635 38,267 Total Households 9,479 10,935 15,307

IncomeIncomeIncomeIncome

Median Household Income $35,331 $36,241 $38,293 Average Household Income $47,970 $48,242 $48,869

DEMOGRAPHIC COMPARISON REPORT

DEMOGRAPHIC DEMOGRAPHIC DEMOGRAPHIC DEMOGRAPHIC COMPARISON REPORTCOMPARISON REPORTCOMPARISON REPORTCOMPARISON REPORT



LOCATION OVERVIEW

LOCATION OVERVIEWLOCATION OVERVIEWLOCATION OVERVIEWLOCATION OVERVIEW

Ardmore Ardmore Ardmore Ardmore is the county seat of Carter County, Oklahoma. At the time of the 2010 U.S. Census, Ardmore had a population of 24,283. Ardmore is located 90 miles equidistant from Oklahoma City and Dallas at the junction of Interstate 35 and U.S. Highway 70. Ardmore is located at the eastern margin of the Healdton Basin, one of the most oil-rich regions of the United States. Ardmore is the primary retail location in the area and boasts a trade pull factor of 1.70 – 1.90 equating to a per capita sales number of $30,186 and a trade area population of 124,800.

Ardmore's major employers are Michelin North America (1,900 employees) and Mercy Memorial Health Center (900 employees). Several hundred employees work for regional distribution centers for Best Buy, Dollar Tree and Dollar General Stores, among others. Additionally, a Valero Refinery in northeast Ardmore employs over 250 area residents.

http://ardmore.org/



666 Dundee Road Suite 1801 Northbrook, IL 60062

Randy Blankstein President 847.562.0003 [email protected]

Jimmy Goodman Partner 847.562.8500 [email protected]

CONTACT INFORMATION

CONTACT INFORMATIONCONTACT INFORMATIONCONTACT INFORMATIONCONTACT INFORMATION

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