Walgreens EXCLUSIVE LISTING (Dark) | Barnesville, GA...Walgreens (Dark) | Barnesville, GA Offering Memorandum Term Annual Rent Monthly Rent Year 1 10/31/2008 $285,000 Year 2 10/31/2009

Walgreens (Dark) | Barnesville, GAOffering Memorandum

ANDREW FALLONEXECUTIVE MANAGING DIRECTOR(703) 787-4733 [email protected]

Representative Photo

EXCLUSIVE LISTINGOffering Memorandum

Broker of Record: JONATHAN W HIPPPRESIDENT & CEO(703) 787-4725 [email protected]

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Walgreens (Dark) | Barnesville, GA


567 Veterans Pkwy | Barnesville, GA 30204Asking Price $4,875,000 | Cap Rate 5.85%

Net Operating Income (NOI) $285,000

Rent/Month $23,750

Rent/SF $19.23

Rentable Square Feet 14,820+/- SF

Tenant Name Walgreens Co.

Credit Rating S&P: BBB

Guarantor Corporate

Ownership Type Fee Simple

Lease Type NNN

Landlord Responsibilities None

Store Open 2007

Lease Term Remaining 15 Years

Rent Commencement October 22, 2007

Firm Lease Term October 31, 2032

Walgreens Went Dark .February 28, 2017

Investment Highlights • Walgreens went dark February 28, 2017, but

remains obligated under the lease terms through October 2032. 15 years remaining on NNN fee simple lease

• Investment grade tenant NASDAQ: WBA (S&P:BBB) • Absolute NNN lease – no landlord responsibilities • Located at the signalized hard corner intersection of US 41 (Veterans Pkwy)

Burnette Rd & Rose Ave with combined traffic count of 17,800+ VPD • University town; Gordon State College enrolls over 5,000 students • Part of Atlanta MSA; 1 hour from Atlanta, 30 miles from Macon • Adjacent to Lamar County High School, Middle School, and

Elementary School • Retail corridor includes: CVS, Ingles Supermarket, Wendy’s, AutoZone,

Dollar General, Fred’s Pharmacy and Family Dollar

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Financial Summary


Term Annual Rent Monthly RentYear 1 10/31/2008 $285,000

Year 2 10/31/2009 $285,000

Year 3 10/31/2010 $285,000

Year 4 10/31/2011 $285,000

Year 5 10/31/2012 $285,000

Year 6 10/31/2013 $285,000

Year 7 10/31/2014 $285,000

Year 8 10/31/2015 $285,000

Year 9 10/31/2016 $285,000

Year 10 10/31/2017 $285,000

Year 11 11/1/2017 - 10/31/2018 $285,000

Year 12 11/1/2018 - 10/31/2019 $285,000

Year 13 11/1/2019 - 10/31/2020 $285,000

Year 14 11/1/2020 - 10/31/2021 $285,000

Year 15 11/1/2021 - 10/31/2022 $285,000

Year 16 11/1/2022 - 10/31/2023 $285,000

Year 17 11/1/2023 - 10/31/2024 $285,000

Year 18 11/1/2024 - 10/31/2025 $285,000

Year 19 11/1/2025 - 10/31/2026 $285,000

Year 20 11/1/2026 - 10/31/2027 $285,000

Year 21 11/1/2027 - 10/31/2028 $285,000

Year 22 11/1/2028 - 10/31/2029 $285,000

Year 23 11/1/2029 - 10/31/2030 $285,000

Year 24 11/1/2030 - 10/31/2031 $285,000

Year 25 11/1/2031 - 10/31/2032 $285,000

Total Remaining Rent $4,275,000

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Rent Schedule


Tenant Snapshot

# of Locations 8,232Stock Symbol WBACredit Rating S&P: BBB

About WalgreensWalgreens is an American pharmaceutical company which operates the largest drug retailing chain in the United States of America. It specializes in serving prescriptions, health & wellness products, health information and photo services. As of February 29, 2016, the company operated 8,232 stores in all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. It was founded in Chicago, Illinois, in 1901. The Walgreens headquarters office is in the Chicago suburb of Deerfield, Illinois.

In December 2014, Walgreens completed its strategic combination with Alliance Boots to establish Walgreens Boots Alliance, Inc., forging the first global pharmacy-led, health and wellbeing enterprise. The combination brought together two leading companies with iconic brands, complementary geographic footprints, shared values and a heritage of trusted health care services through community pharmacy care and pharmaceutical wholesaling. Both companies have more than a century’s worth of experience in customer and patient care. Walgreens is today part of the Retail Pharmacy USA division of Walgreens Boots Alliance. Walgreens provides access to consumer goods and services, plus pharmacy, photo studio, health and wellness services in the United States through its retail drugstores, Walgreens Health Services division, and Walgreens Health and Wellness division.

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Tenant Overview


Distance To:Atlanta, GA 60 miles

Augusta, GA 165 miles

Chattanooga, TN 178 miles

Charlotte, NC 300 miles

Atlanta, GA

Charlotte, NC

Augusta, GA

Location Overview

Subject Site

Nashville, TN

Barnesville, GA

Chattanooga, TN

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597 Veterans Pkwy | Barnesville, GA


Subject Site

Gordon State College

Lamar County Primary School

Downtown Barnesville

Lamar County High School

Lamar County Middle School

Lamar County Elementary

School

41

41

Veterans Pkwy 11,960 VPD

Rose Ave 4,210 VPD

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597 Veterans Pkwy | Barnesville, GA


Subject Site

Rose Ave 4,210 VPD

Lamar County High School

Lamar County Middle School

Veterans Pkwy 11,960 VPD

Memories from the Attic

G&M Enterprise

Williams Funeral Home

Medical Office

Building

Lamar County Primary School

Lamar County Elementary

School

Garden Patch

Lamar County Sheriff Office

Burnette Rd 5,890 VPD

41

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Barnesville, GABarnesville is a city in Lamar County, Georgia, United States. The city is a part of the Atlanta Metropolitan Area. As of the 2010 census, the city had a population of 6,755. The city is the county seat of Lamar County.

Barnesville was once dubbed the “Buggy Capital of the South” as the town produced about 9,000 buggies a year around the turn of the 20th century. Each year in the third week of September the town hosts an annual Buggy Days celebration.

Barnesville was founded in 1826 and named for local tavern owner Gideon Barnes. In 1920, Barnesville was designated seat of the newly formed Lamar County.

Barnesville served as a major hospital site for wounded southern troops during the Civil War. Local families took wounded soldiers into their homes and treated them, with highly successful recovery rates. Major General William B. Bate, CSA of Hardees Corps., wounded in Atlanta at Utoy Creek on August 10, 1864, was treated here. After the war, General Bate was elected Governor of Tennessee and served in the United States Senate until his death in 1912. He commented on his successful recovery as a result of the kindness of the local populace in Barnesville

Barnesville is a great place to live, work and raise a family. Located in West Central Georgia, approximately 50 miles south of Atlanta and 30 miles north of Macon, Barnesville offers the charm of small town living with access to the the conveniences of major metropolitan cities.

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Market Overview


Radius 3 Mile 5 Mile 10 MilePopulation2016 Population 8,968 12,167 25,3702021 Population 8,933 12,129 25,3872016 Male Population 47.0% 47.8% 49.0%2016 Female Population 53.1% 52.2% 51.0%2016 Median Age 36.0 37.5 39.5

Households

2016 Total Households 3,227 4,390 9,352

2021 Total Households 3,230 4,399 9,399

2010-2016 Annual Rate -0.02% 0.01% 0.14%

2016-2021 Annual Rate 0.02% 0.04% 0.10%

2016 Average Household Size 2.42 2.49 2.57

Median Household Income2016 Median Household Income $38,261 $39,360 $43,282

2021 Median Household Income $37,016 $38,697 $45,721

Average Household Income2016 Average Household Income $50,405 $51,911 $56,231

2021 Average Household Income $53,634 $55,420 $60,811

2016-2021 Annual Rate 1.25% 1.32% 1.58%

Per Capita Income2016 Per Capita Income $22,581 $22,510 $22,556

2021 Per Capita Income $23,845 $23,909 $24,334

2016-2021 Annual Rate 1.10% 1.21% 1.53%

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Demographics


ANDREW FALLONEXECUTIVE MANAGING DIRECTOR(703) 787-4733 [email protected]

Who Are We? We are a national commercial real estate firm that provides consulting and brokerage services to both private and institutional clientele with an expertise on triple net lease investments. We pride ourselves on being a world class leader by providing our clients a full array of commercial real estate investment brokerage and asset management solutions, including advisory, research, estate planning and wealth management.

We have built solid relationships throughout our decades of experience and innovation, implementing long-term allocation within the context of each client’s particular risk tolerance and identifying how best to acquire and dispose of income producing properties for each entities’ specific set of investment criterion. At Calkain, our foresight and past performance are leading the net lease investment industry.

Our HistoryLike most success stories, Calkain was formulated from humble beginnings. Jonathan W. Hipp, President and CEO, took the initiative to build upon his decades of experience and performance and left a large international brokerage firm to become an independent and innovative leader within the triple net lease investment community. Armed with a sole employee and a single office, the firm has grown exponentially since its infancy in 2005.

With the growth in staff, seasoned professionals have been attracted to Calkain’s model of innovation, entrepreneurship and the fostering of long-lasting and meaningful relationships. Industry experts have joined Calkain in the hopes of implementing the skills they have honed in complementary aspects of real estate investment.

Through a tremendous endeavor, tireless hours have been committed to continually prove that Calkain is America’s Net Lease Company®. Its countless accolades received from the world’s leading business publications, including Forbes™, Fortune™ and the New York Times™ have confirmed that Calkain is a true leader in triple net lease investing services.

Client Testimonial“USRA has worked with Calkain on numerous occasions. They have always been meticulous in their work ethic, providing superior service and extremely prompt attention to our needs. I highly recommend them.

–Jack Genende, Partner | U.S. Realty Advisors, LLC. (USRA)

$11.5 Billion in Closed Transactions

$300 Million

in Active Listings

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About Calkain

DISCLAIMER: The information contained in this document is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Calkain and its subsidiaries, and should not be made available to any other person or entity without the written consent of Calkain. This document has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property(s). The information contained herein is not a substitute for a thorough due diligence investigation. Calkain and its subsidiaries have not made any investigation, and make no warranty or representation, with respect to the income or expenses for the subject property(s), the future projected financial performance of the property, the size and square footage of the property(s) and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regula-tions, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property(s). The information contained in this document has been obtained from sources we believe to be reliable; however neither Calkain and its subsidiaries nor the Seller have verified, and will not verify, any of the information contained herein, nor has Calkain and its subsidiaries or the Seller conducted any investigation regarding these matters and make 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.

Corporate Headquarters Washington, DC12930 Worldgate Drive | Suite 150 Herndon, VA 20170 T: (703) 787-4714 • F: (703) 787-4783

Tampa400 N. Tampa Street | Suite 2660 Tampa, FL 33602 T: (813) 282-6000 • F: (813) 282-6098

South Florida300 S. Pine Island Road | Suite 300 Fort Lauderdale, FL 33324 T: (954) 302-7365

Atlanta111 Village Parkway, Building 2 | Suite 202 Marietta, GA 30067 T: (404) 900-5629

Boston101 Federal Street | Suite 1900 Boston, MA 02110 T: (617) 261-8584

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Walgreens EXCLUSIVE LISTING (Dark) | Barnesville, GA...Walgreens (Dark) | Barnesville, GA Offering Memorandum Term Annual Rent Monthly Rent Year 1 10/31/2008 $285,000 Year 2 10/31/2009