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WALGREENS 209 N. 3RD ST, OAKLAND, MD 21550 WALGREENS marketing package

TABLE OF CONTENTS

03 Investment Summary 04 Aerial 05 Property Photo 06 Lease Summary 07 Retail Aerial

08 Property Photo 09 Rent Schedule 10 Retail Aerial

11 Property Photo 12 Site Plan 13 About the Brand 14 Location Overview

CONTACT INFORMATION

joel cukier Senior Associate (424) 325-2618

02 209 N. 3RD ST, OAKLAND, MD 21550 WALGREENS INVESTMENT SUMMARY

Tenant Walgreens $ $6,000,000 Street Address 209 N. 3rd St LIST PRICE City Oakland % 6.39% State MD CAP RATE Zip 21550 $ $383,500 GLA 14,820 SF NET OPERATING INCOME

Lot Size 1.47 AC Price / SF $404.86 Year Built 2009 Rent / SF $25.88

Absolute Net (NNN) Lease - Zero Landlord Responsibilities - Walgreens is operating under an Absolute Net (NNN) lease with the landlord having zero management responsibilities / costs under the lease. The tenant is responsible for all cam, taxes, utilities, roof, structure, parking lot repair and maintenance on the property for the full term of the lease and the option periods.

Strong Investment Grade Corporate Guarantee - Walgreens Inc. is the largest retail pharmacy, health and beauty retailer in the USA and Europe. Walgreens corporate parent company, Walgreens Boot Alliance has a market cap of over $62 billion and maintains an investment-grade credit rating of BBB (S&P) and Baa2 (Moody’s).

Excellent Site Access & Visibility - The site benefits from its large signalized corner location on a 1.47 acre parcel with 4 separate points of access making the overall experience more enjoyable for the customer.

Neighboring National Tenants - Major Tenants in the immediate area include Walmart, Goodwill, McDonald’s, Sheetz, Pizza Hut, Denny’s, CVS, , Advanced Auto Parts and many more.

03 209 N. 3RD ST, OAKLAND, MD 21550 WALGREENS RETAIL AERIAL

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04 209 N. 3RD ST, OAKLAND, MD 21550 WALGREENS PROPERTY PHOTO

05 209 N. 3RD ST, OAKLAND, MD 21550 WALGREENS LEASE SUMMARY

Lease Type Absolute Net (NNN) Real Estate Taxes Tenant Responsible Type of Ownership Fee Simple Insurance Tenant Responsible Original Lease Term 25 Years Roof & Structure Tenant Responsible Commencement Date 10/01/2008 Lease Guarantor Corporate Lease Expiration 09/30/2033 Company Name

Term Remaining 12.5+ Years Ownership Public

Increases Flat Years in Business 118 Options Fifty (50), 1-Year Number of Locations 9,560

Strategic Location | Directly in front of a Hospital - Walgreens is located in a strategic location directly in front of Garrett Regional Medical Center. The Hospital’s Emergency Services Department sees 21,000+ patients annually and is open 24 hours a day.

Drive-Thru Location - This building is outfitted with a drive-thru pharmacy, providing ease and convenience for customers. On average, stores with drive-thru’s experience higher sales than those without.

Six Miles from West State Border - The subject property is located six miles away from the west virginia eastern border, making Oakland a multi-state access point for residents and visitors.

High Traffic Counts - The subject property is located on N. 3rd St, a main road that turns into Garrett Hwy with more than 15,000 vehicles passing the site per day.

Strategic Store Catering to Western Maryland - This site caters to the whole of western Maryland with the nearest Walgreens store located 20+ miles away from this location.

06 209 N. 3RD ST, OAKLAND, MD 21550 WALGREENS RETAIL AERIAL

07 209 N. 3RD ST, OAKLAND, MD 21550 WALGREENS PROPERTY PHOTO

08 209 N. 3RD ST, OAKLAND, MD 21550 WALGREENS RENT SCHEDULE

Period Term Annual Rent Monthly Rent Increase CAP Rate

Current - 09/30/2033 Base Term $383,500 $31,958 - 6.39% 10/01/2033 - 09/30/2083 Options $383,500 $31,958 - 6.39%

* Tenant may terminate lease at any point during the option period with 12 months notice.

09 209 N. 3RD ST, OAKLAND, MD 21550 WALGREENS RETAIL AERIAL

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10 209 N. 3RD ST, OAKLAND, MD 21550 WALGREENS PROPERTY PHOTO

11 209 N. 3RD ST, OAKLAND, MD 21550 WALGREENS SITE PLAN

12 209 N. 3RD ST, OAKLAND, MD 21550 WALGREENS ABOUT THE BRAND

Walgreens Walgreens is an American company that operates as the second-largest pharmacy store chain in the behind CVS Health. It specializes in filling prescriptions, health and wellness products, health information, and photo services. As of ealy 2020, the company operated more than 9,560+ stores in the United States. Walgreens is a subsidiary of Walgreens Boots Alliance, a multi-billion dollar American holding company.

9,560+ BBB NUMBER OF LOCATIONS CREDIT RATING

$ $136.9 Billion 230,000+ ANNUAL REVENUE NUMBER OF EMPLOYEES

Walgreens Boots Alliance, Inc Walgreens Boots Alliance, Inc. is an American holding company headquartered in Deerfield, Illinois, that owns Walgreens, Boots, and a number of pharmaceutical manufacturing, wholesale, and distribution companies. The combined business has operations in over 25 countries.

Walgreens to Add 9,500 Jobs in Response to Coronavirus Demand Walgreens is looking to add more than 9,500 full- and part-time and temporary roles in stores across the U.S., including customer service associates, pharmacy technicians and shift leads, as part of its coronavirus response. The pharmacy chain also announced it would give bonuses – $300 for full-time and $150 for part- time hourly employees in stores and distribution centers beginning in April. Walgreens Reports Full-Year 2019 Results Sales increased 4.1 percent to $136.9 billion, up 5.8 percent on a constant currency basis.

13 209 N. 3RD ST, OAKLAND, MD 21550 WALGREENS Location Overview

Oakland, MD Oakland is a town in the west-central part of Garrett County, Maryland, United States & is the county seat of Garrett County, Maryland. It sustains a population of 1,925. It has an elevation of 2,534 feet and the town fully embraces all four seasons. Known as the “great small town”, Oakland is nestled among the mountains in southern Garrett County in an area comprised of hills and valleys, abundant forests and rivers, wildlife, lakes, waterfalls and magnificent sunsets over the mountaintops. The town offers a great mix of government, commercial, health care and residential uses and hosts a variety of shops, restaurants, events, outdoor recreation activities and historic landmarks. Conveniently located near Deep Creek Lake, Oakland has a thriving and beautiful downtown which has blossomed into a center of activity. Visitors head to downtown for its pedestrian friendly shopping, restaurants, and historical sites such as the 19th century Oakland Railroad Station and Historical Society Museum. The area also includes the largest waterfall in the State of Maryland, Swallow Falls.

Garrett County, MD Garrett County is the westernmost county of the U.S. state of Maryland. As of 2020, the population was more than 29,000 . Garrett County has long been part of the media market of Pittsburgh, Pennsylvania & is considered a part of Western Maryland.

Located Near the West Virginia & Pennsylvania Border Oakland, MD is located in close proximity to both the West Virginia & Pennsylvania border making Oakland a multi-state access point for residents and visitors.

Proximity to Swallow Falls State Park This mountain park is located nine miles north of Oakland, Maryland and contains some of Maryland’s most breathtaking scenery.

14 209 N. 3RD ST, OAKLAND, MD 21550 WALGREENS DEMOGRAPHICS

POPULATION 1-Mile 3-Mile 5-Mile 2025 Projection 2,134 5,838 8,982 2020 Estimate 2,168 5,950 9,158 2010 Census 2,317 6,468 9,972

HOUSEHOLDS 1-Mile 3-Mile 5-Mile 2025 Projection 947 2,429 3,627 2020 Estimate 961 2,477 3,700 2010 Census 1,028 2,700 4,047

Average Income $54,817 $57,796 $59,382 Median Income $39,838 $43,864 $44,856

Oakland, MD Oakland maintains a 400-acre park with 140 acres of water, a 600 foot sandy beach for swimming, picnic pavilions, playgrounds and great fishing. Oakland is also home to a 18-hole golf course with a pro shop, dining facility and clubhouse. Oakland is one hour from Uniontown, PA, Morgantown, WV and Cumberland, MD. It is also 2-3 hours from Pittsburgh, PA, Baltimore, MD and Washington, DC.

15 209 N. 3RD ST, OAKLAND, MD 21550 WALGREENS DISCLAIMER

The information contained in this Marketing Brochure has been obtained from sources believed to be reliable, but the accuracy or completeness of the information contained therein cannot be guaranteed. James Capital Advisors, Inc. & Brian Brockman (“Broker”) has not, and will not, verify any of this information, nor has Broker conducted, nor will it conduct, any investigation regarding these matters. Broker makes no representations, guarantees, or warranties of any nature about the accuracy or completeness of any information provided. The information provided in this brochure is in no way a substitute for a thorough due diligence investigation by Buyer. Broker has made no investigation of, and has made no representations, guarantees, or warranties of any nature, with regard to income and expenses for this property nor the future financial performance of the property. In addition, Broker has made no investigation of, and has made no representations, guarantees, or warranties as to the size and square footage of the property, the presence of any contaminating substances at the property, the physical condition of the property or compliance with any State, Local or Federal regulations. In addition, Broker has made no investigation of, and has made no representations, guarantees, or warranties of any nature, with regard to the financial condition or future financial condition of any tenants, nor any future plans or intentions of tenants with regard to the continued occupancy of the property. All parties are aware that Broker has no affirmative obligation to conduct a due diligence examination of the property for any Buyer. Any and all projections or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. Therefore, Broker assumes no legal responsibility for accuracy or completeness of this information, and expressly disclaims all representations, guarantees, or warranties related thereto.

The value of the property to any Buyer depends on numerous factors that must be evaluated by Buyer and Buyer’s legal, tax, construction, and financial advisors. Buyer and Buyer’s advisors should conduct a thorough, independent investigation of the property to determine its suitability for Buyer’s intended usage. This investment, as with all real estate investments, carries a substantial risk. As such, Buyer and Buyer’s legal and financial advisors are strongly advised to request and review all legal and financial documentations related to the property and tenants.

A tenant’s past performance is not a guarantee of future performance. The lease rate stated for some properties may be based on a tenant’s projected sales with little or no record of actual performance or com- parable rents for the area in question. Returns are in no way guaranteed. Tenants may fail to pay the rent or property taxes or any other tenant obligations under the terms of the lease or may default under the terms of such lease. Regardless of tenant’s history of performance, and/or any lease guarantors and/or guarantees, Buyer is responsible for conducting Buyer’s own investigation of all matters related to any and all tenants and lease agreements. Broker is not, in any way, responsible for the performance of any tenant or for any breach or default by any tenant of any terms of any lease agreement related to the property. Further, Buyer is responsible for conducting Buyer’s own independent investigation of all matters related to the value of the property, including, but not limited to, the value of any long-term leases. Buyer must carefully evaluate the possibility of tenants vacating the property or breaching their leases and the likelihood and financial impact of being required to find a replacement tenant if the current tenant should default and/or abandon the property. Buyer must also evaluate Buyer’s legal ability to make alternate use of the property in the event of a tenant abandonment of the property.

CONFIDENTIALITY

This Marketing Brochure and the information contained within, is propriety and strictly confidential. It is intended to be used only by the party receiving it from Broker. It should not be made available to any other person or entity without the express written consent of Broker.

RELEASE

This Marketing Brochure has been prepared to provide basic, unverified information for prospective purchasers. By accepting this Marketing Brochure, the recipient agrees to release and hold harmless Broker from any claim, demand, liability or loss arising out, or relating in any way, to the information contained in this Marketing Brochure and from Buyer’s investigation of the property. In no event shall James Capital Advisors, Inc. or Broker be liable to any party for any direct, indirect, special, incidental, or consequential damages of any kind whatsoever arising out of the use of this Marketing Brochure or any information contained herein.

NON-ENDORSEMENT

Broker is not affiliated with, endorsed by or sponsored in any way by any tenant or lessee identified in this Marketing Brochure. The presence of any entity’s logo or name is not intended in any way to indicate affiliation, sponsorship or endorsement by said entity of Broker.

16 www.jamescapitaladvisors.com @jamescapitaladvisors WALGREENS CONTACT INFORMATION

CONTACT joel cukier Senior Associate (424) 325-2618 [email protected] CA RE Lic. 02005095

BROKER OF RECORD Brian Brockman Bang Realty, Inc (513) 898-1551 [email protected] MD RE Lic. 678573

James Capital Advisors, Inc. www.jamescapitaladvisors.com @jamescapitaladvisors