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OFFERING MEMORANDUM Lease Extended 10 Years MARIETTA GEORGIA Walgreens

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Page 1: Walgreens - LoopNet€¦ · This Marketing Brochure has been prepared to provide summary, ... Millen Montezuma Monticello Morrow Nashville Norcross Ocilla Palmetto Pelham Phillipsburg

OFFERING MEMORANDUM

Lease Extended 10 Years

MARIETTA GEORGIA

Walgreens

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CONFIDENTIALITY AND DISCLAIMERThe information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure 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. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, 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. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap 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.

NON-ENDORSEMENT NOTICEMarcus & Millichap Real Estate Investment Services, Inc. (“M&M”) is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of w, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of M&M, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOURMARCUS & MILLICHAP AGENT FOR MORE DETAILS.

Walgreens

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Acworth

Alma

Alpharetta

Ashburn

Austell

Barnesville

Baxley

Blackshear

Bremen

Canton

Centerville

Chatsworth

Chickamauga

Claxton

Colquitt

Commerce

Cornelia

Cumming

Cuthbert

Dahlonega

Dallas

Deenwood

Donalsonville

Duluth

East Boundary

East Dublin

Eatonton

Experiment

Fairburn

Fayetteville

Folkston

Forsyth

Garden Lakes

Georgetown

Glennville

Gordon

Gray

Greensboro

Grovetown

Hampton

Hannahs Mill

Hartwell

Hawkinsville

Hazlehurst

Hogansville

Homerville

Jackson

Jonesboro

Kingsland

Lake City

Lakeland

Lavonia

Lilburn

Lindale

Lithonia

Louisville

Lyons

Madison

Manchester

McDonough

McRae

Metter

Millen

Montezuma

Monticello

Morrow

Nashville

Norcross

Ocilla

Palmetto

Pelham

Phillipsburg

Pooler

Port Wentworth

Powder Springs

Reidsville

Robins AFB

Rockmart

Rossville

Royston

Shannon

Social Circle

Soperton

St. Marys

Stockbridge

Stone Mountain

Sugar Hill

Summerville

Sylvania

Tallapoosa

Thunderbolt

Tybee Island

Union City

Vienna

Villa Rica

Wadley

Warrenton

Washington

West Point

Westside

Woodstock

Wrens

Wrightsville

Adel

Blakely

Buford

Cairo

Calhoun

Camilla

Cartersville

Cedartown

Chamblee

Cochran

Conley

Conyers

Dawson

Dock Junction

Doraville

Douglasville

Eastman

Elberton

Fair Oaks

FairviewFort Oglethorpe

Fort Valley

Garden City

Gresham Park

Hapeville

Jesup

Kennesaw

La Fayette

Lakeview

Lawrenceville

Lithia Springs

Midway-Hardwick

Monroe

Mountain Park

Peachtree City

Perry

Quitman

Riverdale

Sandersville

Scottdale

Snellville

St. Simons

Swainsboro

Sylvester

Thomaston

Thomson

Toccoa

Waynesboro

Wilmington Island

Winder

Athens

Augusta

Candler-McAfee

East Point

Mableton

Marietta

North Atlanta

Rome

Sandy Springs

Tucker

Valdosta

Warner Robins

Americus

Bainbridge

Belvedere Park

Brunswick

Carrollton

College Park

Cordele

Covington

Dalton

Decatur

Douglas

Druid Hills

Dublin

Dunwoody

Fitzgerald

Forest Park

Fort Benning South

Fort Gordon

Fort Stewart

Gainesville

Griffin

Hinesville

La Grange

Martinez

Milledgeville

Moultrie

Newnan

North DecaturNorth Druid Hills

Panthersville

Roswell

Smyrna

Statesboro

Thomasville

Tifton

Vidalia

Waycross

West Augusta

Columbus

Macon

Savannah

Albany

South Augusta

Atlanta

101

102

104

106

106

109

11

11

11

111

111

114

115

117

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133 135

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140

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15

155

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1616

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166

169

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180

183

189

196

2

2020

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21

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21

212

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22

225

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2424

2424

24

242

252

257

26

26

26 26

27

293

30

30032

32

32

32

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32

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33

34

36

36

36

36

362

362

37

37

37

372

40

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49

49

5

52

52

52

5353

53

55

56

56

56

57

57

57

57

60

61

61

62

62

67

72

72

74

74

74

76

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79

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80

80

81

83

83

83

88

9

9

9

90

90

91

91

91

93

94

94

94

9696

97

97

98

1

1

1

1

1

1

11

129

129

129

129

129

129

129

129

129

129

17

17

17

19

19

19

19

19

19

19

19

221

221

221

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221

221

23

23

23

23

23

23

23

23

23

25

25

25

25

25

25

27

27

27

27

27

27

27

27

27

27

278

278

278

278

278

278

27A

27A

27A

280

280

280

280 280

280

29

29

29

29

29

29

301

301

301

319

319

319

319

319

319

319

319

341

341

341

341

341

378

41

41

41

41

41

41

41

41

41

41

411

441

441

441

441

441

441

441

441

76

76

76

78

78

78

78

78

78

80

80

80

80

80

80

80

82

82

82

82

82

82

84

84

84

84

8484

84

84

16

16

16

20

20

20

20

575

75

75

7559

75

75

75

75

85

85

85

85

95

95

95

Investment Summary .........................................5Investment Highlights.........................................7Aerial Maps ........................................................9Tenant Summary ..............................................11Site Plan ..........................................................13Area Map .........................................................15Location Overview ............................................16Location Highlights ...........................................19Competition Map ..............................................20Demographics ..................................................21

TABLE OF CONTENTS

Walgreens

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Walgreens

O V E R V I E WPrice $5,082,000

Gross Leasable Area (GLA) 15,120 SF

Lot Size (approx.) 1.91 Acres

Net Operating Income $342,999

CAP Rate 6.75%

Year Built 2001

L E A S E A B S T R A C TLease Type NN

Lease Term 11 Years

Lease Start 3/22/2001

Lease Extended 1/1/2020

Base Term Expiration 3/31/2031

Renewal Options 7x5

Increase Flat

Landlord Obligation Roof & Structure**

2464 ROSWELL RD, MARIETTA, GA 30062

PRICE: $5,082,000 CAP: 6.75% RENT: $342,999*

INVESTMENT SUMMARY

A N N U A L I Z E D O P E R AT I N G D ATA

Lease Term Annual Rent

Current Term $342,999

* Original lease term was to expire 3/31/2021. Tenant extended base term 10 years to commence 1/2020 with slight rent reduction from $438,480 to $342,999.

** See details on following page

Phenomenal store sales: Contact agent for more details.

5

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INVESTMENT HIGHLIGHTSThis passive investment opportunity offers a risk averse buyer the ability to acquire a secure, sleep at night investment. Original lease was 20 years with an initial expiration date of 2021, but the Tenant, due to extraordinary store sales, extended the lease an additional 10-years (commencing in January 2020). The lease is a NN lease with minimal landlord obligations.

The lease Amendment called for seven 5-year options, which is rare in the current 50x1 climate.

The property is adjacent to a Starbucks and local pizza restaurant which contributes to its foot traffic.

Patrons also benefit from the sites single drive thru.

Located in close proximity to Kennesaw State University

Many barriers to entry Roswell Road is the main thoroughfare for all of Marietta that connects

Roswell to Marietta

LANDLORD RESPONSIBILITIES:

Landlord is responsible for common area replacement of light poles, parking areas and capital expenses (pursuant to standard accounting practices). Landlord is responsible for maintaining and making repairs to the exterior of the building, including painting, cleaning, structural portions of the building, roof and utility lines. Landlord is also responsible for the removal of any hazardous waste that may be discovered at any point during the lease period found on or under the site.

7

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Walgreens

INVESTMENT HIGHLIGHTS t Limited competition in the immediate area

t Rare and attractive 5 year options

t Extended term showing tenant’s commitment to the area

t Strong store sales

t Located on Main Retail Corridor with Numerous Surrounding National Retailers

45,100 VPD

194,725TOTAL POPULATION WITHIN 5-MILE RADIUS

$114,198 AVERAGE HOUSEHOLD INCOME WITHIN 5-MILE RADIUS

- ROSWELL RD

15,500 VPD - E. PIEDMONT RD

Walgreens

8

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Lighthouse Academy Preschool

Parc at Piedmont Senior Living

ROSWELL RD – 45,100 VPDROSWELL RD – 45,100 VPD

Walgreens

®

East Cobb United Methodist Church

Alto Senior Living

E. PIEDMONT RD – 15,500 VPD

E. PIEDMONT RD – 15,500 VPD

Wheeler High School

St Catherine’s Episcopal Church

Grace - Marietta Church

9

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Walgreens

TENANT SUMMARY

RANKINGS t Ranked #19 Fortune 500

t Ranked #177 Forbes Global 2000

t Standard & Poor’s Rated BBB

WALGREENSWalgreens Boots Alliance, Inc. is the largest pharmacy led health and well-being company throughout the U.S. and Europe. The company was founded in 1901 and is headquartered in Deerfield, Illinois. Walgreens Boots Alliance and its various equity method investments have a presence in over 25 countries and employ over 385,000 people.

The company operates through three segments: Retail Pharmacy USA, Retail Pharmacy International, and Pharmaceutical Wholesale. The Retail Pharmacy USA segment sells prescription drugs and an assortment of general merchandise, convenience foods, and more through its retail drugstores and convenient care clinics. It also provides specialty pharmacy services and manages in-store clinics under the brand Healthcare Clinic. As of August 31, 2016, this segment operated over 13,700 retail stores under the Walgreens and Duane Reade brands in the United States. This segment also operated 7 specialty pharmacy locations and managed approximately 400 Healthcare Clinics. The Retail Pharmacy International segment sells prescription drugs; and health, beauty, toiletry, and other consumer products through its pharmacy led health and beauty stores. The Boots segment operated 4,673 retail stores in various countries, and 636 optical practices in the United Kingdom.

Walgreens Boots Alliance is one of the largest wholesale and distribution networks. It has over 390 distribution centers that deliver to over 230,000 pharmacies, doctors, health centers, and hospitals in more than 20 countries.

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DEERFIELD, ILHEADQUARTERS

OWNERSHIP Tenant Trade Name

LOCATIONSGUARANTOR

WALGREENS BOOTS ALLIANCE, INC.

13,700 +/-CORPORATE

PUBLIC

REVENUE

$103.44(BIL)ANNUAL SALES

$30.86(BIL)

WALGREENS

WEBSITE

WWW.WALGREENS.COM

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Walgreens

ROSWELL ROAD

E P

IEDM

ON

T RD

SITE PLAN

Walgreens

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75

75

FULLERSPARK

SEWELLPARK

EAST COBBPARK

MERRITTPARK

WHITAKERPARK

INDIAN HILLSCOUNTRY CLUB

Roswell Rd NE

N Marietta Pkwy NE

Sandy Plains Rd NE

S M

arie

tta P

kwy

SE

E Piedmont Rd NE

Sewell Mill Rd NE

Barnes Mill R

d NE

Allgood Rd NE

Old Canton Rd NE

Murdock R

d NE

Holly

Spr

ings

Rd

NE

Bill Murdock Rd NE

Merritt Rd NE

Scuf

flegr

it R

d N

E

Providence Rd NE

Pine

Rd

NE

Wallace Rd NE

Jeffers o n Lakeside A p artmen

ts

Brook

cliff

Dr N

E

Groover R d NE

Azale

a Cir

NE

Kinridge R d NEBranch View Dr NE

Tapp

aha n nock

Trl NE

Br

entwood Dr NE

E Lak

e Pk

wy NE

Roc

kcre

s t D

r NE

Wood T h rush Way N E

Woodm

ont D

r NE

Octavia Ln NE

Bonn

ie D

ell Dr NE

Soaring Dr NE

E Park B lvd NE

Star

light

Dr N

E

Cameron Gle n D

r NE

Liberty Ln NE

Day r on C

ir NE

W O

ak C

ir N

E

Hasty Rd NE

H

olco

mb L. Rd NE

E Worthingto n Pkwy NE

Cam

eron

Crk NE

Wicks V

alley D

r NE

Oak Trail Dr NE

Smithw

ood Dr N

E

Meadow Chase Dr N

E

Crown Ter N

E

E La

ke D

r NE

E

Lake D r NE

Dellinger Dr NE

Braswe ll R

d NE

Wic ks C

reek Trl NE

Inde

pe

ndence Way N

E

V en V ill a Rd

Chimney Swift Cir NE

Sierra Dr NE

Lo g an Cir N

E

Broo

kcliff Cir NE

Wick s Lak e Dr N E

Annwick s Dr NE

Ards

ley Dr NE

Whitehurst Dr NE

Kinridge T r l NE

Shef

field

Pkw

y NE

Merrifield L n NE

Bentley Lake Rd NE

Chondra D

r NE

Willi

e D

r

Ba

ker Ln NE

Nestle Creek Dr N

E

Tabor Dr

Roberts L n

Hembree Dr NE

Pine Blf NE

Billingsley Dr NE

Pine

Val

ley D

r NE

Glenr i d ge Dr NE

Osh

ea L

n NE

Rugby R

d NE

India n Lake Dr NE

Brigh

ton Pl NE

Pine

bree

z e D

r NE

Churchill Way N

E

Mill Bridg e Dr N E

Beaver

D. L

n NE

Partr

idge

Way

NE

Be

ntc. Dr NE

Donald Dr NE

Ashley L. Dr NE

Hollyc . D

r NE

V

y . Str. Dr NE

Skylane Dr NE

Heath Ln N

E

Siesta

Ln N

E

Brookcliff Pl

Gard en C

ir N E

Blayl. Dr N

E

Holly Ln NES La k e

Dr N

E

Wynn Dr NE

Poinsetta Dr NE

Barnes Mill Rd NE

Murdock Rd NE

Octavia Cir NE

Robinson Rd NE

Old

Can

ton

Rd

NE

Hol

t Rd

NE

Lower Roswell R

d SE

Lower Roswell Rd SE

Indian

Hills

Pkw

y NE

Old Sewell Rd NE

Clu

blan

d D

r NE

Indian Hills Dr NE

Brookview Dr NE

Greenfield Dr NE

Pioneer Trl NE

Gant Quarters Cir NE

Weatherstone Pkwy NE

Guilfo rd C

ir N

E

Willow Glen Dr NE

Old

Far

m Rd

NE

F ox H

ollo

w P

kwy

NE

Indian Hills Tr l NE

Pine

hurs

t Ln

NE

Bridg

eg

a te Dr NE

Rhodes D r SE

Beverly Hills Dr NE

Emory Ln NE

Fox Hills Dr SE

Ridgewater Dr N

E

Clearb r o ok Dr NE

Clear

water Dr SE

Robin son

Farm

s Dr NE

Dogwo o d Fo

rest

Dr N

E

Old Orchard D r NE

Hitchcock Mill R

un NE

Cro

ss G

ate

Dr N

E

Worthington D

r NE

Blackberry Ln NE

Timberlo c h Dr NE

Coun

sel D

r NE

Brookcres t Dr SE

Law

renc

e M

ill Run NE

Sh

e r idan C

hase

S E

Willow

Ri dge Dr NE

Ok

a wana Dr NE

Chase L

n NE

S

pr. Cree

k Wy. NE

Birc

hfie

ld D

r NE

Monterey Dr NE Beckwith T

rl N

E

Barn

esda

le D

r NE

Gate w

ood

Dr

NE

Hidden Hollow Dr

Barn Owl Rd

Asheb rooke Dr NE

Pepp

ertr.

Ct SER

id g etr. Ln NE

Cedar Wd. Ct NE

Hoo

d R

d N

E

High

Mdw

. Dr N

E

McB

urne

tt R

d N

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Spr.

End

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NE

W a ll St

NE

Hunting Creek Dr NEIn

dian

Tr l

NE

Hi gh G

ree n Dr NE

Addi

son

Rd

NE

S n u g H

br N

E

Wilken

so n Xi

ng

E La

ke D

r NE

New

Kem

p R

d N

E

Powers Ferry Rd SE

Lower Roswell Rd SE

Woolco Dr

Wallace Rd NE

Roswell

Rd NE

Gresham Rd NE

Wildwood Rd

NE

Var ner

Rd N

E

Dewberry Trl NE

Hazelwood Dr SE

Amanda Ln NE

Lott

Ave

SE

Chert R

d NE

Hagood Cir

ShefferLake

m a p s 4 n e w s . c o m / © H E R E

Walgreens

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Walgreens

MARIETTA, GEORGIAMarietta is a beautiful city just 20 miles northwest of Atlanta, GA, and serves as the county seat for Cobb County. Marietta was named in Livability.com’s annual ranking of the top 100 best places to live and is well known for its high quality of life for its residents. The Interstate 285 gives residents easy access to big cities and makes travel in the area easily accessible. Whether you are in Marietta to explore the city or taking a quick trip with the family, the city’s various resources and attractions are sure to impress everyone.

EDUCATION: Marietta is a great city for education. Marietta City Schools (MCS) has an award-winning charter school system and is Georgia’s first International Baccalaureate (IB) World School District. Marietta’s charter schools focus on different areas of academic interest including and have been recognized throughout the nation. One of Marietta’s 8 elementary schools is focused on STEM (science, technology, engineering, and math). The National Forum to Accelerate Middle-Grades Reform, an alliance of educators and professionals who award top schools in their Schools to Watch (STW) Program, awarded MCS’s middle school and one 6th grade school as a Georgia Lighthouse School to Watch in 2012 and 2015. In addition, Marietta’s Walton High School is known as one of Georgia’s best schools.

WHS: George Walton Comprehensive High School, also known as Walton High School, is one of Georgia’s top performing schools, located in Marietta. Walton is nationally recognized as a School of Excellence and is accredited by the Southern association of Colleges

and Schools. Walton offers various special programs including The Walton STEM Academy and pathway programs, such as the Financial Marketing Services Career Pathway, Computing Career Pathway, Therapeutic Services-Physical Medicine Career Pathway, and much more. Walton is also the only school in Cobb County to offer a nationally certified pre-engineering program. In 2019, Walton had 39 National merit Semi-Finalists, which is the most in the state and the most in Walton’s history. Approximately 71% of students at Walton High School participate in taking Advanced Placement® coursework. The school offer 32 AP® courses for students to take. Walton’s Class of 2016’s top 20% of weighted GPA ranges were 4.381-4.122. In addition, 309 students in the grade graduated with honors, having a GPA of 3.5 or above. Walton is also ranked #4 in Georgia High Schools by U.S. News & World Report. In 2016, Walton High School was also awarded $10.8 million in scholarship funds. That same year, 384 Walton students earned the HOPE Scholarship.

IB Programs: MCS’s IB Program is a challenging two-year curriculum which leads to qualification which is widely recognized by leading universities. There is an IB Middle Years Program for grades 6-10, an IB Primary Years Program offered at Sawyer Road Elementary, and an IB Diploma Program which is offered at Marietta High School. These programs include a written curriculum, a focus on developing skills of learning, and draw content from educational cultures around the world.

LOCATION OVERVIEW

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WalgreensWalgreens

AWARDS: These schools serve 8,900 students and are employing 1,200 people, who are recognized amongst the best education professionals in the state and nation. MCS were placed in the Top 10 U.S. School Districts in Digital Technology and was presented a $10,000 grant from Lieutenant Casey Cagle’s Second Annual Charter System Foundation, as the Charter System Innovator of the Year Award.

COLLEGES: There are also several college campuses in Marietta, including the Kennesaw University, the Life University, and the Marietta campus of Chattahoochee Technical College. Kennesaw University (KSU) is a public four-year university with a campus located in Marietta and another in Kennesaw. KSU offers over 150 undergraduate, graduate, and doctoral degrees for its nearly 38,000 students. Life University is a private university with around 2,875 students, which offers undergraduate and graduate programs in health and wellness-oriented fields to their students. Chattahoochee Technical College is a public two-year college with approximately 20,400 students and offers associate degrees in fields such as business science, health science, personal and public services, and technical studies. These colleges create Marietta into an education-driven community leading to an educated labor force.

Marietta is filled with a rich history and various attractions for the entire family to enjoy. There is a total of six museums in the area, including the Marietta Gone with the Wind Museum. The Marietta Gone with

the Wind Museum celebrates the film and novel and is a top tourist destination for exploring the South’s antebellum history, dating back to 1851. It is conveniently located a quarter mile from the historic Marietta square, which is in walking distance to the Hilton Marietta Hotel. The Historic Marietta Square is a unique area for shopping and attracts many people to the area. There are also various restaurants to choose from at in the Marietta Square Market. The Market offers 17 restaurants and two local retailers, creating many options for residents to choose from.

Marietta’s growing business environment continues to maintain strong growth through the City’s Economic Development Division. This division attracts and retains businesses by encouraging redevelopment and embracing innovation. They are dedicated to helping small and large businesses and continue to foster local economic growth through their development initiatives, including the Comprehensive Plan 2040. This plan is a 20-year policy guide which assesses current conditions, projects future trends, develops strategies, and continues to help the city achieve its goals. The division also focuses on improving the areas infrastructure through the General Obligation Bond Initiative, which funds mechanisms for redevelopment projects within the city. No matter what brings you to the city, Marietta’s unique suburban environment with large-city amenities, make it the perfect city to meet everyone’s needs.

LOCATION OVERVIEW (CONTINUED)

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Atlanta

Marietta

DekalbPeachtree

Airport

Fulton CountyAirport-Brown

Field

Cobb CountyAirport-McCollum

Field

75

85

85

20

285

575

575

75

19

19

41

29

29

29

29

278

278

278

78

78

78

23

STONEMOUNTAIN

PARK

m a p s 4 n e w s . c o m / © H E R E

M A J O R E M P L O Y E R SM A R I E T TA , G A

Lockheed Martin Aeronautical Systems 8,200

Wellstar Kennestone Hospital 6,125

Marietta Technology Center (Home Depot) 2,241

Tip Top Poultry 2,207

Dobbins Air Reserve Base 2,000

Cobb County Public Safety 1,800

Cobb County Board of Education 1,369

Marietta City Schools 1,019

Cobb County Government 890

C.W. Matthews Contracting, Inc. 550

LOCATION HIGHLIGHTS

Location corners the market. Nearest drug

store is 3.4 miles away.

Nestled in heart of suburban infill with dense population and

barriers to entry.

MARIETTA, GEORGIA NATIONALLY RECOGNIZED FOR STRONG EDUCATION SYSTEM

Strong visibility for multiple points of ingress/ egress.

Award-winning charter school system

and various college campuses in Marietta.

19 Miles from Downtown

Atlanta

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Walgreens

COMPETITION MAP

Walgreens

Market dominance in immediate area - No national drugstore competition near

the subject site.

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194,725Total Population Within 5-Mile Radius

$114,198 Average Household Income

Within 5-Mile Radius

$78,689 Median Household Income

Within 5-Mile Radius

12.27% From 2000

DEMOGRAPHICS /MARIETTA, GA

77,879Total Households in 5-Mile Radius

Walgreens

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POPULATION 1 MILE 3 MILES 5 MILES2023 Projection

Total Population 7,971 75,221 194,7252018 Estimate

Total Population 7,964 73,575 190,6082010 Census

Total Population 7,565 70,389 178,8352000 Census

Total Population 5,831 68,696 180,260Current Daytime Population

2018 Estimate 7,586 77,709 238,906

HOUSEHOLDS 1 MILES 3 MILES 5 MILES2023 Projection

Total Households 3,126 29,728 77,8792018 Estimate

Total Households 3,120 28,871 75,611

Average (Mean) Household Size 2.42 2.53 2.492010 Census

Total Households 2,940 27,457 70,3062000 Census

Total Households 2,128 26,541 69,363Occupied Units

2023 Projection 3,126 29,728 77,8792018 Estimate 3,165 29,673 79,622

HOUSEHOLDS BY INCOME 1 MILES 3 MILES 5 MILES2018 Estimate

$150,000 or More 21.44% 20.43% 20.42%

$100,000 - $149,000 19.80% 20.86% 18.12%$75,000 - $99,999 13.22% 14.42% 13.57%$50,000 - $74,999 12.05% 14.75% 14.59%$35,000 - $49,999 10.54% 10.44% 11.44%Under $35,000 22.92% 19.08% 21.85%

Average Household Income $122,092 $115,708 $114,198

Median Household Income $83,578 $84,680 $78,689

Per Capita Income $47,860 $45,417 $45,424

HOUSEHOLDS BY EXPENDITURE 1 MILE 3 MILES 5 MILESTotal Average Household Retail Expenditure $77,648 $79,449 $76,298 Consumer Expenditure Top 10 Categories

Housing $21,241 $21,885 $20,963 Transportation $16,217 $16,459 $15,858 Shelter $11,471 $11,641 $11,170 Personal Insurance and Pensions $7,768 $8,161 $7,746 Food $7,075 $7,252 $6,968 Health Care $5,105 $5,361 $5,021 Utilities $4,967 $5,100 $4,913 Entertainment $3,225 $3,389 $3,214 Household Furnishings and Equipment $2,525 $2,774 $2,638 Apparel $2,237 $2,407 $2,326

POPULATION PROFILE 1 MILES 3 MILES 5 MILESPopulation By Age

2018 Estimate Total Population 7,964 73,575 190,608Under 20 23.10% 24.64% 24.96%20 to 34 Years 19.34% 17.47% 19.92%35 to 39 Years 6.38% 6.65% 6.68%40 to 49 Years 14.37% 14.15% 13.85%50 to 64 Years 20.84% 21.20% 20.41%Age 65+ 15.96% 15.87% 14.19%

Median Age 40.89 40.93 38.83Population 25+ by Education Level

2018 Estimate Population Age 25+ 5,649 51,613 131,288Elementary (0-8) 2.77% 2.69% 3.67%Some High School (9-11) 2.70% 3.52% 3.79%High School Graduate (12) 14.99% 14.94% 15.27%Some College (13-15) 18.46% 18.47% 18.66%Associate Degree Only 6.54% 6.70% 6.50%Bachelors Degree Only 36.08% 34.78% 33.20%Graduate Degree 17.34% 17.79% 18.01%

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MARIETTA GEORGIA

Walgreens

LIOR REGENSTREIFSENIOR MANAGING DIRECTOR INVESTMENTS

SENIOR DIRECTOR, NET LEASED PROPERTIES GROUPENCINO OFFICE

Tel: (818) 212-2730Fax: (818) 212-2710

[email protected]: CA 01267761