Single Tenant Walgreens

NET LEASED INVESTMENT OFFERING

Walgreens1090 High Street

Hamilton, OH (Cincinnati MSA)

CONFIDENTIAL OFFERING MEMORANDUM

www.bouldergroup.com



TABLE OF CONTENTS

TABLE OF CONTENTS

1)

2)

3)

4)

5)

6)

7)

8)

9)

10)

Confidentiality & Disclaimer

Executive Summary

Property Overview

Site Plan

Aerial

Maps

Tenant Profile

Demographic Comparison Report

Location Overview

Contact Information



CONFIDENTIALITY & DISCLAIMER

CONFIDENTIALITY & DISCLAIMER

The 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 The Boulder Group and should not be made available to any other person or entity

without the written consent of The Boulder Group. 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. The Boulder Group 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, 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.

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Walgreen’s located within the

Cincinnati metropolitan area. This 13,905 square foot Walgreen’s was built in 1999 and is located in northern Cincinnati.

Hamilton is located less than twenty miles north of downtown Cincinnati. Hamilton is on the border of Fairfield Township, one

of the fastest-growing areas of the greater Cincinnati market.

The property is located on High Street also known as State Route 129. State Route 129 is a four lane east-west highway that

becomes a two lane street in Hamilton. The subject property is benefited by a traffic signal at State Road 129 and Erie Street.

Over 23,800 vehicles per day pass the site daily with two points of ingress and egress.

One mile south of the property is Miami University–Hamilton Campus (regional campus of Miami University in Oxford, Ohio).

Miami University-Hamilton is a commuter campus with current enrollment (2010) of approximately 5,000 students.

Walgreen’s original lease term was for 20 years with eight 5-year renewal options and the lease expires in September 2019.

Walgreen’s is a publicly traded company on the New York Stock Exchange (WAG), with a market capitalization of $35 Billion.

Walgreen’s is an investment grade company with a Standard & Poor’s rating of A+.

Investment Highlights



EXECUTIVE SUMMARY

EXECUTIVE SUMMARY

Investment grade tenant

Property is located within the Cincinnati MSA

Signalized intersection with high traffic volumes

Located within close proximity to Miami University-Hamilton Campus

Dense area with high barriers to entry

Irreplaceable location along one of the most heavily trafficked roadways of Hamilton



PROPERTY OVERVIEW

PROPERTY OVERVIEW

Price:

Cap Rate:

Net Operating Income:

Rental Escalations:

Renewal Options:

Lease Commencement Date:

Lease Expiration Date:

Tenant:

Credit Rating:

Year Built

Lease Type:

Rentable Square Feet:

Land Acreage:

$4,580,645

7.75%

$355,000

None

Eight 5-Year

September 26, 1999

September 30, 2019

Walgreens

A+

1999

NN (roof, structure, parking lot replacement)

13,905

1.58 Acres



SITE PLAN

SITE PLAN

Hig

h S

treet (S

R 1

29)

Erie Blvd (SR 4)

Al S

tew

ard

St.



AERIAL

AERIAL

13,300 VPD

10,500 V

PD

LJ SmithPark



MAPS

MAPS

SITE

SITE

SITE



TENANT PROFILE

TENANT PROFILE

Website:Number of Locations:Stock Symbol: Standard & Poors Rating:Market Capitalization:

www.walgreens.com8,131WAG : NYSEA+$35 Billion

Walgreens is engaged in retail drugstore business. As of November 2010, the Company operated 8,131 locations in all 50 states, the District of Columbia, Puerto Rico and Guam. That includes 7,650 drugstores, 503 more than a year ago, including 291 stores acquired over the last 12 months. 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 700 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 January 2010, the Company announced that it has completed the acquisition of the assets of 12 Eaton Apothecary pharmacies.



DEMOGRAPHIC COMPARISON REPORT

DEMOGRAPHIC COMPARISON REPORT

Population

2009 Total Population

2009 Total Households

2009 Daytime Population

Income

2009 Median Household Income

2009 Average Household Income

1-mile

12,573

4,533

13,040

$33,499

$42,887

3-mile

69,917

27,751

51,462

$42,184

$56,049

5-mile

122,293

47,308

87,797

$48,259

$63,122

Cincinnati is a city in the U.S. state of Ohio and the third largest city in the

state. According to a 2008 Census Bureau estimate, the Cincinnati

metropolitan area had a population of 2,155,137 making it the largest MSA in

Ohio (surpassing Cleveland, which ranks 26th), and the 24th most populous

in the United States. Cincinnati is home to major sports teams, including the

Cincinnati Reds and the Cincinnati Bengals, and it sponsors annual events

such as the Cincinnati Masters tennis tournament, the Ohio Valley Jazz



LOCATION OVERVIEW

LOCATION OVERVIEW

Festival, and the Thanksgiving Day race. Cincinnati is home to the University of Cincinnati and Xavier University.

Altogether, nine Fortune 500 companies and fifteen Fortune 1000 companies are headquartered in the Cincinnati

area. With nine Fortune 500 company headquarters in Cincinnati, the region ranks in the nation's Top 10 markets for

number of Fortune 500 headquarters per million residents, higher than New York, Boston, Chicago, or Los Angeles.

The largest employer in Cincinnati is the University of Cincinnati, with 15,862 employees. Kroger is the second largest,

with 15,600 employees.

The City of Hamilton, the County Seat of Butler County, is an important regional center of business, industry, culture,

and government. Located in Southwest Ohio, the City of Hamilton is part of the Cincinnati metropolitan area. With big

city amenities and small town charm, Hamilton continues to retain the character of the city's past while sharpening its

focus for the future.



CONTACT INFORMATION

CONTACT INFORMATION

Randy [email protected]

Jimmy [email protected]

666 Dundee Road Suite 1801Northbrook, IL 60062

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Real Estate

Single Tenant Walgreens