Community Pharmacy3030 1st Ave N

St. Petersburg, Floridainvestment offering

Actual Site

DISCLAIMER

John R. WertzTel: (619) 218-6427jwertz@wertzrealestate.comCA Lic No. 01448585

Financial Overview

Tenant Overview

Executive Summary

Property Photos

Location Map

Area Map

Market Overview

Demographic Report

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This Marketing Package was prepared by Wertz Real Estate Investment Services and DZ Net Lease Realty, LLC (“Broker”) solely for the use of prospective buyer considering the purchase of the Property within (the “Property”) and is not to be used for any other purpose. Neither the Broker nor the Owner of the Property make any representation or warranty, expressed or implied, as to the completeness or accuracy of the material contained in the Marketing Package.

Prospective purchasers of the Property are advised that changes may have occurred in the physical or financial condition of the Property since the time this Marketing Package or the financial statements herein were prepared. Prospective purchasers acknowledge that this Marketing Package and the financial statements herein were prepared by Broker, and not by Owner, and are based upon assumptions or events beyond the control of both Broker and Owner, and therefore may be subject to variation. Other than current and historical revenue and operating expense figures for the Property, Owner has not, and will not, provide Broker or any prospective purchaser with any projections regarding the Property. Prospective purchasers of the Property are advised and encouraged to conduct their own comprehensive review and analysis of the Property.

The Marketing Package is a solicitation of interest only and is not an offer to sell the Property. The Owner and Broker expressly reserve the right, at their sole discretion, to reject any or all expression of interest or offers to purchase the Property and expressly reserve the right, at their sole discretion, to terminate discussions with any entity at any time with or without notice.

The Owner shall have no legal commitments or obligations to any entity reviewing the Marketing Package or making an offer to purchase the Property unless and until such offer is approved by Owner pursuant to its Governing Authorities and the signature of the Owner or Owner’s representative is affixed to a Real Estate Purchase Agreement prepared by Owner.

This Marketing Package is confidential. By accepting the Marketing Package, you agree (i) that you will hold and treat the Marketing Package and its contents in the strictest confidence, (ii) that you will not photocopy or duplicate any part of the Marketing Package, (iii) that you will not disclose the Marketing Package or any of its contents to any entity without the prior authorization of the Owner, and (iv) that you will not use the Marketing Package in any fashion or manner detrimental to the Owner or Broker.

Broker has obtained the information contained in this Marketing Package from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, changes of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions, or estimates for example only, and they may not represent current or future performance of the Property. You and your tax and legal advisors should conduct your own investigations of the physical condition of the Property and of the financial performance of its future Ownerships.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT BROKER FOR MORE DETAILS.

TABLE OF CONTENTS

For more information contact:

Listed with Florida broker David B. ZachariaLic. No. BK3273628DZ Net Lease Realty, LLC license CQ1043817

Greg LaBarreTel: (619) 997-1242glabarre@wertzrealestate.comCA Lic. No. 02069301

financial overview

The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.

PRICE $695,000

DOWN PAYMENT 100% / $695,000

RENTABLE SQUARE FEET 2,400 SF

cap rATE 5.69 %

NOI $39,524

year built 2005

lot size 9,000 +/- SF

OFFERING SUMMARY

TENANT TRADE NAME Walgreens

OWNERSHIP Public

LEASE GUARANTOR Corporate

roof & structure Tenant Responsible

original lease term 10 Years

lEASE COMMENCEMENT DATE April 1, 2005

lease expiration date March 31, 2021

term remaining on lease 2 Years

OPTIONS TO RENEW (3) 5-Year Options

RIGHT OF FIRST REFUSAL No

TENANT SUMMARY Actual Site

Actual Site

LEASE TYPE Absolute NNN

The Walgreen CompanyFounded in 1901 as a single drugstore, Walgreens today is a provider of trusted care in communities around the U.S. Through constant innovation, Walgreens has a history of breaking new ground to meet its customers’ needs and improve their health, from offering self-service stores beginning in the 1950s to devel-oping a 5-star rated mobile app today. In its pharmacies, Wal-greens was the first major drugstore chain to put prescriptions into child-resistant containers in the 1960s (long before it was required by law) and in 2016 was the first to offer safe medication disposal kiosks in its stores.

This drive to innovate led Walgreens to merge with Europe-an-based Alliance Boots in 2014 to form Walgreens Boots Alliance, Inc., the first global pharmacy-led, health and well-being enterprise. Combining Walgreens with the Boots pharmacy chain and pharmaceutical distributor Alliance Healthcare has created opportunities to bring global beauty brands to Walgreens U.S. customers and offer more value to pharmacy patients through global pharmaceutical supply chains and group purchasing.

As today’s health care and retail markets continue to evolve, cus-tomers are redefining value and convenience as they change the way they shop and adopt new technologies. Anticipating these changes, Walgreens is accelerating its transformation as a cus-tomer-led company and creating a new health care and retail experience.

TENANT overview

The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.

TENANT TRADE NAME Walgreens

OWNERSHIP Public

LEASE GUARANTOR Corporate

LEASE TYPE NNN

roof & structure Tenant Responsible

original lease term 10 Years

lEASE COMMENCEMENT DATE April 1, 2005

lease expiration date March 31, 2021

term remaining on lease 2 Years

OPTIONS TO RENEW (3) 5-Year Options

RIGHT OF FIRST REFUSAL No

PROPERTY NAME Walgreens Community PharmacyPROPERTY ADDRESS 3030 1st Ave N St. Petersburg, FL 33713

PROPERTY TYPE Drugstore

PARENT COMPANY Walgrens Boots Alliance

oWNERSHIP Public

LEASE GUARANTOR Corporate

stock symbol WBA

BOARD NASDAQ

TERM REMAINING ON LEASE 2 Years

OPTIONS TO RENEW (3) 5-Year Options

ROOF & STRUCTURE Tenant Responsible

net operating income $39,524

RENT BUMPS 3% Annualy

no. of locations 9,500+

headquartered Deerfield, IL

website www.walgreens.com

years in the business Since 1901

The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.

lease type Absolute NNN

executive summaryINVESTMENT OVERVIEWThe subject property is a Walgreens Community Pharmacy store located in St. Petersburg, Florida. This store focuses on pharmaceuticals for specialty medications. Specialty medications are used to treat chronic, rare, or complex conditions such as Cancer, Cystic Fibrosis and HIV. Specialty medications may be given by infusion (intravenously), injection or taken orally, cost more than traditional medications, and have special storage and handling requirements.

These medications need to be taken on a very strict schedule resulting in support programs and services available to help patients receive the most benefit from their medication. These patients require more coordination with their physician and pharmacist.

Walgreens’ experienced, specially trained pharmacists, nurses and care coordinators understand the complexities of their clients condition and are available to offer one-on-one support including: Injection training coordination, medication side effect management, monitoring your symptoms and response to your medication, working closely with your doctor to monitor your progress, and assisting when a new prescription or refill is needed.

INVESTMENT HIGHLIGHTS

• Specialty Medication Pharmacy w/ Specially Trained Pharmacists, Nurses, and Care Coordinators

• Absolute NNN Lease with 3% Annual Increases

• Rare Coastal Florida “Infill” Site w/ Dense Local Population

• Over 295,000 Residents in a 5-Mile Radius

• Hospice Care Facility Located Less than 1/4-Mile Away

• “Florida Endocrinology and Diabetes Center” Located Less than 1/4 Mile Away

• Low Rent

The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.

The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.

National retailers in the immediate surrounding area include: Walmart Supercenter, USPS, Family Dollar, Exxon, BB&T, Advanced Auto Parts, Burger King, Church’s Chicken, CVS, Goodwill, T-Mobile, O’Reilly Auto Parts, AAMCO, YMCA, Checkers, Midas, Taco Bell, Subway, 7-Eleven, Spectrum, Mobile, Circle K.

Actual Site1st Avenue North

SUBJECT PROPERTY

The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.

subject property

The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.

Actual Site

AERIAL PHOTO

The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.

1st Avenue North

SUNCOAST HOSPICE

FLORIDA ENDOCRINOLOGY & DIABETES CENTER

LOCATION MAP

The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.

AREA MAP

The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.

The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.

ST. PETERBURG (TAMPA MSA), FLORIDASt. Petersburg is a city in Pinellas County, Florida, and is the fifth-most populous city in Florida and the largest in the state that is not a county seat . The community is a western suburb of Tampa and is part of the Tampa-St. Petersburg-Clearwater Metropolitan Area. The four-county area is composed of roughly 2.9 million residents, making it the second largest metropolitan statistical area (MSA) in the state, and the fourth largest in the Southeastern United States, behind Miami, Washington, D.C. and Atlanta. Between 2000 and 2006, the Greater Tampa Bay Market experienced a combined growth rate of 14.8 percent, growing from 3.4 million to 3.9 million and hitting the 4 million population mark on April 1, 2007. A 2017 estimate shows the Tampa Bay area population to have 4,536,854 people.Tampa Bay’s economy is founded on a diverse base that includes tourism, agriculture, construction, finance, health care, government, technology, and the port of Tampa. The largest employers in Tampa include BayCare Health System (19,600 employees), Publix Super Market (13,800 employees), HCA West Florida (13,150 employees), Frontier Communications (9,950 employees), and Tampa General Hospital (6,600 employees), among many others. Several Fortune 1000 companies are headquartered in the metropolitan area, including OSI Restaurant Partners, WellCare, TECO Energy, and Raymond James Financial. Tampa Bay is home to professional franchises for four major team sports: the Tampa Bay Rays of Major League Baseball, the Tampa Bay Buccaneers of the National Football League, the Tampa Bay Lightning of the National Hockey League, and the Tampa Bay Rowdies of the USL. Both the Tampa Bay Rays and Rowdies play their home games in St. Petersburg.With an average of some 361 days of sunshine each year, and a Guinness World Record for logging the most consecutive days of sunshine (768 days), it is nicknamed "The Sunshine City". Due to its good weather and low cost of living, the city has long been a popular retirement destination. St. Petersburg boasts two historic neighborhoods: Roser Park, located just south of the downtown area, and Grenada Terrace, in the Old Northeast Neighborhood. Both are known for stately architecture, and together comprise the urban core of St. Petersburg.

The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.

MARKET OVERVIEW

Ranked # 26 in the Nation with a Gross Domestic Product of $133 Billion

Cutting-Edge Health Care Hospitals are Among the Area’s Strongest Employers

2nd Largest MSAIn the State of Florida with a Population Exceeding 4 Million

DEMOGRAPHIC REPORT

The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.

The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.

ACTUAL SITE

population 1 MILE 3 MILES 5 miles

2024 Projection 13,587 139,675 295,605

2019 Estimate 12,933 132,915 281,704

2010 Census 12,101 122,945 261,884

Percent Change 2010-2019 6.88% 8.11% 7.57%

Percent Change 2019-2024 5.06% 5.09% 4.93%

Median Age 40.00 42.84 45.19

households 1 MILE 3 MILES 5 miles

2019 Est. Avg. HH Income $62,833 $67,596 $73,085

2024 Projection 5,846 62,667 132,951

2019 Est. Households 5,526 59,223 126,082

2010 Census 5,080 53,572 115,677

Percent Change 2010-2019 8.78% 10.55% 8.99%

Percent Change 2019-2024 5.79% 5.82% 5.45%

Wertz Real Estate Investment Services3138 Roosevelt Street, Suite L

Carlsbad, CA 92008Tel: (760) 453-7866Fax: (858) 408-1830

www.wertzrealestate.com

Listed with Florida broker David B Zacharia Lic. No. BK3273628

DZ Net Lease Realty, LLC license CQ1043817

The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.