WALGREENS5580 Georgetown Road

Indianapolis, IN 46254investment 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 in conjunction with Indiana broker DZ Net Lease Realty, LLC license RC51200151

RENTABLE SQUARE FEET 13,000 SF

NOI $367,000

year built 2013

lot size 34,200 SF

type of ownership Fee Simple

OFFERING SUMMARY

TENANT TRADE NAME Walgreens

OWNERSHIP Public

LEASE GUARANTOR Corporate

LEASE TYPE Absolute NNN

roof & structure Tenant Responsible

original lease term 25 years

lEASE COMMENCEMENT DATE April 8, 2013

lease expiration date April 30, 2038

term remaining on lease 19 Years

OPTIONS TO RENEW (50) 1-year options

RIGHT OF FIRST REFUSAL Yes, 21 Days

TENANT SUMMARY

ACTUAL SITE

ACTUAL SITE

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.

cap rATE 5.40%

PRICE $6,796,296

DOWN PAYMENT 100% / $6,796,296

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 developing a 5-star rated mobile app today. In its pharmacies, Walgreens 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 European-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, customers 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 customer-led company and creating a new health care and retail experience.

TENANT overview

TENANT TRADE NAME Walgreens

OWNERSHIP Public

LEASE GUARANTOR Corporate

LEASE TYPE Absolute NNN

roof & structure Tenant Responsible

original lease term 25 years

lEASE COMMENCEMENT DATE April 8, 2013

lease expiration date April 30, 2038

term remaining on lease 19 Years

OPTIONS TO RENEW (50) 1-year options

RIGHT OF FIRST REFUSAL Yes, 21 Days

PROPERTY NAME WalgreensPROPERTY ADDRESS 5580 Georgetown Road Indianapolis, IN 46254

PROPERTY TYPE Drugstore

PARENT COMPANY Walgreens Boots Alliance

oWNERSHIP Public

LEASE GUARANTOR Corporate

stock symbol WBA

BOARD NASDAQ

TERM REMAINING ON LEASE 19+ Years

OPTIONS TO RENEW (50) 1-year options

lease type Absolute NNN

LANDLORD RESPONSIBILITY Zero

Drive thru Yes

net operating income $367,000

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.

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.

INVESTMENT OVERVIEWThe subject property is a Walgreens drive-thru located in Indianapolis, Indiana. There are 19-years remaining on the 25-year absolute NNN lease with zero landlord responsibilities, giving the new landlord $367,000 of guaranteed annual income for the next 19-years.

The subject property is located at a busy signalized intersection less than 3-miles to Indianapolis Motor Speedway (the famed Speedway home to the Indy 500). The property benefits from its excellent visibility and frontage along two of the most heavily trafficked thor-oughfares in Indianapolis (Georgetown Avenue and W 56th), which boast over 50,000 vehicles per day. The building was built in 2013 and is one of Walgreen’s newest prototypes.

The 5-mile radius for the subject property boasts a population of 205,000 people with a growth expectancy of 4% over the next five years. National retailers in the immediate area include O’Reilly Auto Parts, KFC, Taco Bell, McDonalds, Chase Bank, Wendy’s, AutoZone, CVS Pharmacy, Dollar General, Burger King and many more.

INVESTMENT HIGHLIGHTS

• 19-Years Remaining on the 25-Year Absolute NNN Lease ($367,000 Guaranteed Annual Income for the Next 19-Years)

• Strategically Located at a Signalized Intersection with High Traffic Counts Exceeding 50,000 Vehicles Per Day

• Dense Infill Location with a Growing Population Exceeding 205,000 Residents in a 5-Mile Radius

• Less Than 3-Miles to Indianapolis Motor Speedway (Famed Speedway Home to the Indy 500)

• Ideal 1031 Replacement Property (Zero Landlord Responsibility, Corporate Guarantee, 19 Years Remaining)

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.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.

executive summary

ACTUAL SITE

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.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.

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.

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.

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.

Georgetow

n Road

W 56th Street25,200 V

PD

26,700 VPD

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.

50,000 VPD

Georgetow

n Road

W 56th Street

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

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.

50,000 VPD

Georgetown Road

W 56th Street

ACTUAL SITE

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.

50,000 VPDGeo

rget

own

Road

W 56th Street

ACTUAL SITE

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.

INDIANAPOLIS, INDIANAIndianapolis, often shortened to Indy, is the state capital and most populous city of the U.S. state of Indiana and the seat of Marion County. According to 2017 estimates from the U.S. Census Bureau, the consolidated population of Indianapolis and Marion County was 872,680. It is the 16th most populous city in the U.S. The Indianapolis metropolitan area is the 34th most populous metropolitan statistical area in the U.S., with 2,028,614 residents. Its combined statistical area ranks 27th, with a population of 2,411,086. Indianapolis covers 368 square miles (950 km2), making it the 16th largest city by land area in the U.S.

Indianapolis anchors the 27th largest economic region in the U.S., based primarily on the sectors of finance and insurance, manufacturing, professional and business services, education and health care, government, and wholesale trade. The city has notable niche markets in amateur sports and auto racing. The Fortune 500 companies of Anthem, Eli Lilly and Company and Simon Property Group are headquartered in Indianapolis. The city has hosted international multi-sport events, such as the 1987 Pan American Games and 2001 World Police and Fire Games, but is perhaps best known for annually hosting the world's largest single-day sporting event, the Indianapolis 500.

Indianapolis is home to two major league sports clubs, the Indiana Pacers of the National Basketball Association (NBA) and the Indianapolis Colts of the National Football League (NFL). It is home to a number of educational institutions, such as the University of Indianapolis, Butler University, Marian University, and Indiana University – Purdue University Indianapolis (IUPUI). The city's robust philanthropic community has supported several cultural assets, including the world's largest children's museum, one of the nation's largest privately funded zoos, historic buildings and sites, and public art. The city is home to the largest collection of monuments dedicated to veterans and war casualties in the U.S., outside of Washington, D.C.

MARKET overview

34th Largest MSA in the Country with a population of 2,028,614 residents

Home to a Number ofEducational Institutions Including University of Indianapolis, Butler University, & Marian University

Most Populous City in the State of Indiana with approx. 872,680 people in 2017

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.

population 1 MILE 3 MILES 5 miles

2024 Projection 12,461 90,194 210,059

2019 Estimate 11,983 87,692 205,087

2010 Census 11,088 83,373 197,043

Percent Change 2010-2019 8.07% 5.18% 4.08%

Percent Change 2019-2024 3.99% 2.85% 2.42%

Median Age 33.10 33.20 34.24

households 1 MILE 3 MILES 5 miles

2019 Est. Avg. HH Income $62,194 $67,819 $72,704

2024 Projection 5,310 35,171 85,466

2019 Est. Households 5,139 34,296 83,655

2010 Census 4,847 32,908 80,995

Percent Change 2010-2019 6.02% 4.22% 3.28%

Percent Change 2019-2024 3.33% 2.55% 2.17%

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

DEMOGRAPHIC REPORT

Wertz Real Estate Investment Services3138 Roosevelt Street, Suite L

Carlsbad, CA 92008Tel: (619) 218-6427Fax: (858) 408-1830

www.wertzrealestate.com

Listed in conjunction with Indiana broker DZ Net Lease Realty, LLC

license RC51200151

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.

Real estate disclosure for the state of Indiana

This document is to be attached to marketing packages, listing agreements and offers revised 03.21.18

(Please put an X below in front of what is applicable)

The listing company DZ Net Lease Realty, LLC is:

There is no listing company.

An agent of the seller.

An agent of the buyer.

An agent of both the seller and buyer and is acting as a limited agent.

An “in-house agency relationship," involving two (2) or more clients who are represented by different licensees within the same broker company

Circle one: Seller or Buyer or Seller and Buyer are paying commission to the listing company

(Please put an X below in front of what is applicable)

The selling company _________________________________________________ is:

There is no selling company.

An agent of the seller.

An agent of the buyer.

An agent of both the seller and buyer and is acting as a limited agent.

An “in-house agency relationship," involving two (2) or more clients who are represented by different licensees within the same broker company

Circle one: Seller or Buyer or Seller and Buyer are paying commission to the selling company