INVESTMENT OPPORTUNITY * 2 MILES FROM THE UNIVERSITY OF MISSOURI (S&P: BBB) TOP PERFORMING STORE 10+ YEARS REMAINING ON TERM COLUMBIA, MO

OFFERED AT: $5,208,000 | 5.00% CAP OFFERED AT $2,027,000 | 6% CAP

Actual Property EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

TABLE OF CONTENTS

EXECUTIVE SUMMARY 4 Executive Summary 5 Investment Highlights 6 Lease Summary & Rent Overview

PROPERTY INFORMATION 8 Location Maps 9 Site Plan 10 Property Photos 11 Neighboring Tenants 12 Aerials

TENANT OVERVIEW 19 About Walgreens

AREA OVERVIEW 21 Columbia Overview 23 Demographics

Confidentiality Agreement & Disclosures

EXCLUSIVELY LISTED BY

RYAN BARR RYAN BENNETT Principal Principal 760.448.2446 760.448.2449 [email protected] [email protected]

DREW OLSON Associate TODD WALLER 760.448.1372 Principal [email protected] 608.327.4001 [email protected]

Actual Property Listed in conjunction with Missouri real estate broker Bang Realty-Missouri, Inc.(license 2017032770)

WALGREENS | Columbia, MO | 2 EXECUTIVE SUMMARY

WALGREENS Columbia, MO

WALGREENS | Columbia, MO | 3 Actual Property EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

• Offering Summary • Investment Highlights Lease Summary & Rent Schedule

-- OFFERING SUMMARY -- 63 29,200 CPD 63 THE LYFE @ MISSOURI INVESTMENT HIGHLIGHTS PROPERTY OVERVIEW STUDENT HOUSING ROCK BRIDGE HIGH SCHOOL Offering Price: $5,208,000 Address: 1000 Club Village Dr PROVIDENCE RD (3,600 CPD) GENTRY ESTATES RETIREMENT Net Operating Income: $260,397 Columbia, MO 65203 GENTRY ROCK BRIDGE MEADOWS COMMUNITY MIDDLE SCHOOL Property Size: 11,100 SF Cap Rate: 5.00% APARTMENTS THE VILLAGE OF BEDFORD Price/SF: $469 Land Size: 2.24 Acres WALK RETIREMENT Lease Type: Double-Net (NN) Ownership: Fee Simple (Land & Building) COMMUNITY Landlord Responsibilities: Roof & Structure Year Built: 2000 APN: 16-909-00-06-001-00

Lee & Associates, in conjunction with Missouri real estate broker Bang Realty-Missouri, Inc. (Broker Lic# 2017032770), is pleased to exclusively offer for sale, the fee simple interest (land & building) in a Walgreens property located in Columbia, MO (the “Property”). Built in 2000, the Property consists of a 11,100-square- foot building with two drive-thru lanes that sits on an approximately 2.24-acre parcel. FORUM CHRISTIAN The building is leased to Walgreens Co. (NYSE: WBA) on a corporate lease providing an investor with an CHURCH investment grade credit rating from Standard of Poor’s of “BBB”. Walgreen’s parent company Walgreens Alliance, Inc. is currently the largest retail in the US and Europe, with 13,200 stores in over 11 countries and an impressive $50B market CAP. There are roughly 10.8 years of firm lease term remaining on a double-net (NN) lease with eight 5-year CLUB VILLAGE DR (12,100 CPD) renewal options running through the year 2072. COMBINED This is a high performing store for Walgreens (see broker for sales reporting) due to its superior location 29,100 CPD surrounded by medical facilities in every direction. Across the street is the Boone Medical Group Urgent Care, and the Woodrail Centre, an office park with medical tenants such as Missouri Ear Nose & Throat Center, W. NIFONG ST (17,000 CPD) the Center for Rheumatic Diseases, and Dermatology and Skin Surgery Center. In addition, Walgreens is just two miles away from the University of Missouri, who currently enrolls just under 30,000 students and is the largest employer in Columbia. Finally, the subject property is ideally located at the signalized intersection of DERMATOLOGY & SKIN Forum Blvd & W. Nifong Blvd, offering excellent visibility to over 29,000 cars per day combined. Walgreens SURGERY CENTER has been successfully operating at this location for over 20 years and in 2015, opted to extend their lease term early for another 10 years. The subject property is located within Columbia, the county seat of Boone County, in central Missouri. It is Missouri’s fourth most-populous and fastest growing city, with an estimated 123,300 residents in 2020. Located on Interstate 70 and U.S. Highway 63, Columbia is right in the middle of the state and the nation, just a couple of hours drive from St. Louis and Kansas City. Columbia offers small-town friendliness with big city features and a high quality of life for people of all ages and interests. Columbia is Boone County’s largest population center and has received numerous national awards and recognition from U.S. News & World Report, Money magazine, Fortune magazine and others as one of the best places to live in the country.

WALGREENS | Columbia, MO | 4 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

Offering Summary • Investment Highlights • Lease Summary & Rent Schedule

-- INVESTMENT HIGHLIGHTS --

WALGREENS (NYSE: WBA) • INVESTMENT GRADE CREDIT TENANT (S&P: BBB) • LARGEST HARD CORNER SIGNALIZED LOCATION • EXCELLENT VISIBILITY & ACCESS WITH MULTIPLE RETAIL PHARMACY IN THE U.S. & EUROPE INGRESS/EGRESS POINTS • JUST 3 MILES FROM HWY 63 (29,200 CPD) • Investment Grade Credit Tenant (S&P: BBB) • Property site is only 3 miles from the on/off ramp of Hwy 63 (29,200 CPD) • Parent Company: (WBA) - Largest Retail Pharmacy in the U.S. • Property is strategically located on the hard corner signalized intersection of Forum Blvd • Market Cap of $50 billion & W. Nifong Blvd • 9,700 Retail in the U.S. • Excellent visibility & access to a combined 29,000+ cars per day • Ranked #5 on the list of Fortune 500 Companies • Multiple ingress & egress points provide easy in/out access to the property. • Strategic location provides for multiple direct travel arteries to/from Downtown Columbia SUPERIOR LOCATION FOR WALGREENS • TOP PERFORMING WALGREENS STORE (TOP 10%) • LOCATED JUST 2 MILES FROM THE UNIVERSITY OF MISSOURI (29,866 STUDENTS) • LOCATED IN CITY OF COLUMBIA • FASTEST GROWING CITY IN MISSOURI • HOME OF SURROUNDED BY MEDICAL FACILTIES • BUILT-IN REVENUE DRIVERS UNIVERSITY OF MISSOURI, LARGEST EMPLOYER • Top 10% Performing Store Location for Walgreens (See Broker for Details) • Located in Columbia, the 4th most-populous city & fastest growing city in Missouri • Just 2 Miles from the University of Missouri, enrolling just under 30,000 students and • Home of the University of Missouri, enrolling just under 30,000 students. the largest employer in Columbia. • Columbia MSA’s economic growth rate of 1.81% has exceeded average annual growth • Located Across from the Boone Medical Group Urgent Care and the Woodrail Centre, with rate of the United States (1.69%) medical tenants Dermatology and Skin Surgery Center, Center for Rheumatic Diseases, • One of the nation’s Top 10 College Towns (Source: American Institute for Economic Columbia Dentistry for Children, Missouri Ear Nose & Throat Center, and Columbia Oral Research) Surgery & Dental Implants

20+ YEAR SUCCUSSFUL OPERATING HISTORY • EARLY LEASE EXTENSION • COMMITMENT TO THIS SITE • AFFLUENT & DENSE DEMOGRAPHICS • Ideally 10.8 years of lease term remaining on the initial term • Walgreens has been operating at this location successfully for over 20 years • In 2015 with over 7 years of lease term still remaining, Walgreens opted to extend the lease term early for an additional 10 years • Double Drive-Thru Windows to meet the demand of this location’s booming prescription pick-up business • Strong surrounding demographics: Over 21,500 Households with Average HH Income of $94,000 within a 3-mile radius

WALGREENS | Columbia, MO | 5 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

Offering Summary Investment Highlights • Lease Summary & Rent Schedule •

-- LEASE SUMMARY -- -- RENT SCHEDULE --

LEASE INFORMATION PRIMARY LEASE TERM TENANT: Walgreens, Inc. (Standard & Poor’s: BBB) TERM START DATE END DATE NOI/YR NOI/MO NOI/SF/YR GUARANTOR: Corporate Years 1 - 20 5/4/2002 5/31/2032* $260,397 $21,699.75 $23.46 OPTION PERIODS - (1) 10-YEAR OPTION STORE #: 05146 Option 1 6/1/2032 5/31/2037 $260,397 $21,699.75 $29.75 BUILDING SIZE: 11,100 SF Option 2 6/1/2037 5/31/2042 $260,397 $21,699.75 $29.75 LOT SIZE: 2.24 Acres Option 3 6/1/2042 5/31/2047 $260,397 $21,699.75 $29.75 RENT COMMENCEMENT: May 4, 2002 Option 4 6/1/2047 5/31/2052 $260,397 $21,699.75 $29.75 LEASE EXPIRATION: May 31, 2032* Option 5 6/1/2052 5/31/2057 $260,397 $21,699.75 $29.75 ORIGINAL BASE TERM: 20 Years* Option 6 6/1/2057 5/31/2062 $260,397 $21,699.75 $29.75 REMAINING LEASE TERM: 10.8 Years (Firm Term) Option 7 6/1/2062 5/31/2067 $260,397 $21,699.75 $29.75 OPTIONS TO RENEW: (8) 5-Year Options Option 8 6/1/2067 5/31/2072 $260,397 $21,699.75 $29.75 RENT INCREASES: None *Terminattion Options: Every 5 Years starting May 31,2032. LEASE TYPE: Double-Net (NN) LANDLORD RESPONSIBILITIES: Roof & Structure ANNUAL RENT: $260,397 SALES REPORTING: Yes. Contact Broker for details.

*In March 2015, Walgreens extended the lease early through May 31, 2032 per 2nd Lease Amendment.

WALGREENS | Columbia, MO | 6 PROPERTY INFORMATION

WALGREENS Columbia, MO

WALGREENS | Columbia, MO | 7 Actual Property EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

• Location Maps • Site Plan Property Photos Neighboring Tenants Aerials

-- LOCATION MAPS --

ST PAUL

63

Columbia MILWAUKEE Cosmopolitan Recreation Area

CHICAGO COLUMBIA MALL Landmark DES MOINES Hospital COLUMBIA Boone Hospital BROADWAY 404 Miles STEPHENS Stephens MARKET PLACE COLLEGE 232 Miles Lake Park & Amphitheater 362 Miles INDIANAPOLIS 740

KANSAS CITY COLUMBIA UNIVERSITY OF MISSOURI 127 Miles ST LOUIS Harry S. Truman GustinMemorial Veterans Hospital 128 Miles Golf Course 740

345 Miles TULSA 399 Miles NASHVILLE 63 Country Club ROCK BRIDGE Grindstone Pkwy W. Nifong Blvd of Missouri SHOPPING CENTER

OKLAHOMA CITY MEMPHIS • Columbia Dentistry • Columbia Oral Surgery • Dermatoloty & Skin Surgery Ctr

• Boone Medical Group S. Providence Rd BIRMINGHAM DALLAS

WALGREENS | Columbia, MO | 8 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

Location Maps • Site Plan • Property Photos Neighboring Tenants Aerials

-- SITE PLAN --

W. NIFONG BLVD

WALGREENS | Columbia, MO | 9 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

Location Maps Site Plan • Property Photos • Neighboring Tenants Aerials

-- PROPERTY PHOTOS --

Overhead View of Walgreens

Access to Drive Thru Front Entrance to Store Two Drive Thru Lanes

WALGREENS | Columbia, MO | 10 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

Location Maps Site Plan Property Photos • Neighboring Tenants • Aerials

-- NEIGHBORING TENANTS --

Woodrail Centre - Medical Offices (Across from Walgreens) Boone Medical Center (Kitty Corner to Walgreens)

D. Rowe’s Restaurant & Bar Central Missouri Orthodontics, The Strand Salon & Spa Central Bank of Boone County

WALGREENS | Columbia, MO | 11 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

Location Maps Site Plan Property Photos Neighboring Tenants • Aerials •

-- OVERHEAD VIEW --

ACCESS CLUB VILLAGE DR ACCESS DRIVE THRU

FORUM BLVD (12,100 CPD)

ACCESS

W. NIFONG BLVD (17,000 CPD) COMBINED 29,100 CPD

WALGREENS | Columbia, MO | 12 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

Location Maps Site Plan Property Photos Neighboring Tenants • Aerials •

TWIN LAKES CHAPEL HILL MARKET SQUARE RECREATION AREA -- LOOKING NORTHWEST -- WILSON’S FITNESS FORUM BLVD COUNTRY CLUB WOODRAIL ON THE OF MISSOURI GREEN APARTMENTS

GREEN MEADOWS PRESCHOOL

SEDONA VILLAS COUNTRY CLUB APARTMENTS

CLUB VILLAGE DR

ACCESS ACCESS W. NIFONG BLVD (17,000 CPD) DRIVE CENTER FOR THRU RHEUMATIC DISEASES ACCESS FORUM BLVD (12,100 CPD)

WOODRAIL CENTRE

DERMATOLOGY & SKIN SURGERY CENTER

COMBINED 29,100 CPD

WALGREENS | Columbia, MO | 13 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

Location Maps Site Plan Property Photos Neighboring Tenants • Aerials •

FORUM SHOPPING CENTER COLUMBIA 4 MILES -- LOOKING NORTH -- CHAPEL HILL MARKET SQUARE GUSTIN KATY PLACE GOLF COURSE UNIVERSITY OF APARTMENTS MISSOURI WILSON’S FITNESS

COUNTRY CLUB OF MISSOURI

GREEN MEADOWS PRESCHOOL

COUNTRY CLUB APARTMENTS

ACCESS ACCESS CLUB VILLAGE DR

FORUM BLVD (12,100 CPD)

DRIVE THRU FORUM CHRISTIAN CHURCH

ACCESS

W. NIFONG BLVD (17,000 CPD) COMBINED 29,100 CPD

WALGREENS | Columbia, MO | 14 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

Location Maps Site Plan Property Photos Neighboring Tenants • Aerials •

-- LOOKING EAST -- 63 29,200 CPD 63 THE LYFE @ MISSOURI STUDENT HOUSING PROVIDENCE RD (3,600 CPD) COLUMBIA AREA ROCK BRIDGE CAREER CENTER HIGH SCHOOL W. NIFONG ST GENTRY ESTATES RETIREMENT GENTRY ROCK BRIDGE MEADOWS COMMUNITY MIDDLE SCHOOL APARTMENTS THE VILLAGE OF BEDFORD COLUMBIA WALK RETIREMENT ENDODONTICS COMMUNITY

BAMBOO NUTRITION

FORUM CHRISTIAN CHURCH

FORUM BLVD (12,100 CPD)

COUNTRY CLUB APARTMENTS COMBINED 29,100 CPD DRIVE ACCESS THRU W. NIFONG ST (17,000 CPD) MISSOURI EAR, NOSE AND THROAT

CLUB VILLAGEDR

ACCESS WOODRAIL CENTRE

DERMATOLOGY & SKIN SURGERY CENTER

ACCESS

WALGREENS | Columbia, MO | 15 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

Location Maps Site Plan Property Photos Neighboring Tenants • Aerials • THE FALLS OF ROCK BRIDGE ELEMENT -- LOOKING SOUTHEAST -- COLUMBIA ELEMENTARY APARTMENTS COMMUNITIES THE ROW STUDENT SCHOOL COLUMBIA-SOUTH COLUMBIA AREA ROCK BRIDGE APARTMENTS HIGH SCHOOL Bethel Lake PARKVIEW AT PROVIDENCE RD CAREER CENTER CORPORATE LAKE GENTRY ESTATES GENTRY APPLE TREE COURT RETIREMENT APARTMENTS COMMUNITY MIDDLE SCHOOL THE VILLAGE OF BEDFORD WALK RETIREMENT COMMUNITY

HANDS OF COLUMBIA ORAL & HEALING TOUCH MAXILLOFACIAL SURGERY FORUM CHRISTIAN CHURCH MISSOURI EAR, NOSE AND THROAT WOODRAIL CENTRE COLUMBIA DENTISTRY FOR CHILDREN COMBINED 29,100 CPD DERMATOLOGY & SKIN SURGERY CENTER

W. NIFONG BLVD (17,000 CPD)

CENTER FOR FORUM BLVD (12,100 CPD) RHEUMATIC DISEASES ACCESS ACCESS DRIVE THRU

ACCESS CLUB VILLAGE DR

COUNTRY CLUB APARTMENTS

WALGREENS | Columbia, MO | 16 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

Location Maps Site Plan Property Photos Neighboring Tenants • Aerials •

-- LOOKING SOUTHWEST -- THORNBROOK

HIGHLANDS MILL CREEK VILLAGE SENIOR LIVING

COUNTRY CLUB OF MISSOURI

HANDS OF HEALING TOUCH COLUMBIA DENTISTRY FOR CHILDREN WOODRAIL CENTRE CENTER FOR SEDONA VILLAS COLUMBIA ORAL & RHEUMATIC DISEASES MAXILLOFACIAL SURGERY MISSOURI EAR, NOSE AND THROAT DERMATOLOGY & SKIN SURGERY CENTER W. NIFONG BLVD (17,000 CPD) ACCESS

COMBINED 29,100 CPD

F O R U M ACCESS B L V DRIVE D THRU ( 1 CLUB VILLAGE DR 2 , 1 FORUM CHRISTIAN 0 CHURCH 0 ACCESS C P D

)

WALGREENS | Columbia, MO | 17 TENANT OVERVIEW

WALGREENS Columbia, MO

WALGREENS | Columbia, MO | 18 Actual Property EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

• About Walgreens •

-- WALGREENS BOOTS ALLIANCE --

COMPANY OVERVIEW Walgreens Boots Alliance, Inc., a Delaware corporation (“Walgreens Boots Company: Walgreens Boots Alliance Alliance”), is a global leader in retail and wholesale pharmacy, touching millions Founded: 1901 of lives every day through dispensing and distributing medicines, its convenient retail locations, digital platforms and health and beauty products with sales of S&P Credit Rating: BBB $139.5 billion in the fiscal year ended August 31, 2020. We have more than 100 Sales Revenue: $139.5 Billion years of trusted health care heritage and innovation in community pharmacy Net Income: $424 Million and pharmaceutical wholesaling. Our purpose is to help people across the world Total Assets: $87.17 Billion lead healthier and happier lives. Stores: 13,450 Employees: 277,000 Walgreens Boots Alliance is the largest retail pharmacy, health and daily living destination across the United States and Europe. Walgreens Boots Alliance Headquarters: Deerfield, IL and the companies in which it has equity method investments together have a Website: www.walgreensbootsalliance.com presence in more than 251 countries and employ more than 440,0001 people. The Company is a global leader in retail and wholesale pharmacy and, together with the companies in which it has equity method investments, has over 18,7501 stores in 111 countries as well as one of the largest global pharmaceutical wholesale and distribution networks, with over 4001 distribution centers delivering to more than 240,0002 pharmacies, doctors, health centers and hospitals each year in more than 201 countries. In addition, Walgreens Boots Alliance is one of the world’s largest purchasers of prescription drugs and many other health and wellbeing products. The Company’s size, scale and expertise will help us to expand the supply of, and address the rising cost of, prescription drugs in the United States and worldwide. The Company has: » unmatched pharmaceutical supply chain and procurement expertise, offering customers innovative solutions and optimal efficiencies » portfolio of retail and business brands, including Walgreens, , Boots and , as well as increasingly global health and beauty product brands, such as No7, Soap & Glory, Liz Earle, Sleek MakeUP and Botanics » diversified and robust profit pools across the U.S., Europe and key emerging markets » a unique platform for growth in developed and emerging markets By leveraging these advantages and opportunities, as well as the full benefit of our best practices and expertise, Walgreens Boots Alliance will be positioned to create substantial incremental efficiency, synergy and growth opportunities. Walgreens Boots Alliance was created through the combination of Walgreens and Alliance Boots in December 2014. This transaction brought together two leading companies with iconic brands, complementary geographic footprints, shared values and a heritage of trusted healthcare services through pharmaceutical wholesaling and community pharmacy care, dating back more than 100 years. In June of 2017, Walgreens acquired over 2,100 Rite Aid locations. Walgreens Boots Alliance is included in Fortune magazine’s 2021 list of the World’s Most Admired Companies (#316), was #41 on their Global 500 list, and was ranked #16 on the Fortune 500 (2021). This was the 26th consecutive year that Walgreens Boots Alliance or its predecessor company, Walgreen Co., was named to the list.

WALGREENS | Longview, TX | 19 AREA OVERVIEW

WALGREENS Columbia, MO

WALGREENS | Columbia, MO | 20 Actual Property EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

• Columbia Overview • Demographics

-- COLUMBIA, MO OVERVIEW --

Columbia’s burgeoning hand-crafted beverage industry includes acclaimed microbreweries, distilleries, a cidery and an award-winning large-scale winery. “Like many destinations, Columbia’s local craft brews, wine and spirits industry has grown significantly in recent years,” says Megan McConachie, strategic communications manager for the Columbia Convention and Visitors Bureau. “What sets Columbia’s scene apart is the diverse, creative offerings from these local makers as wellas the beautiful locations they have for visitors to enjoy. There’s nothing better than taking in a sunset over the Missouri River on a bluff top at Les Bourgeois Vineyards or having a beer at Logboat Brewing Company while playing yard games. Regardless of a visitor’s preference, they will easily find a locally-made beverage they will thoroughly enjoy.”

“Columbia is a fast-growing city, valued for its highly educated work force, low cost of living, favorable government attitude toward busi- COLUMBIA is the county seat of Boone County, and the fourth most-populous and fastest ness, award-winning schools and nationally recognized quality of life.” growing city in Missouri, with an estimated 123,300 residents. Ranked by the American Institute ~ 50 Fabulous Places toRaise Your Family, for Economic Research as one of the nation’s top 10 college towns, Columbia combines small-town comforts, community spirit and a low cost of living with big-city culture, activities and resources. Located on Interstate 70 and U.S. Highway 63, Columbia is right in the middle of the state and the The award-winning Columbia Parks & Recreation nation, just a couple of hours drive from St. Louis and Kansas City. Columbia offers small-town Department, maintains over 42 parks and recreation friendliness with big city features and a high quality of life for people of all ages and interests. facilities on more than 2,000 acres. Joggers, walkers Columbia is Boone County’s largest population center and has received numerous national awards and bikers enjoy the many hiking trails in Columbia and recognition from U.S. News & World Report, Money magazine, Fortune magazine and others such as the MKT Nature & Fitness Trail, a 4.7- as one of the best places to live in the country. It is packed with restaurants and entertainment mile urban walkway through Columbia’s beautiful venues; home to multiple parks and outdoor recreation sites such as Rock Bridge State Park and greenbelt. The trail also connects with the Katy Trail the MKT Trail; and hosts more than a dozen annual cultural festivals. The city has been called the State Park, the largest rails-to-trails conversion in the “Athens of Missouri” for its classic beauty and educational emphasis, but is more commonly called nation, stretching 185 miles across Missouri. “CoMo”. A crown jewel of the parks of Columbia, Stephens Lake Columbia’s economy is historically dominated by education, healthcare, and insurance. Jobs Park is a beautiful picturesque park with multi-use in government are also common, either in Columbia or a half-hour south in Jefferson City. The trails, playgrounds, picnic areas, and the vast 11-acre Columbia Regional Airport and the Missouri River Port of Rocheport connect the region with trade lake. The park also features non-motorized boating, and transportation. seasonal swimming pool, and access to fishing. With a Gross Metropolitan Product of $10.55 billion in 2019, Columbia’s economy makes up 3% of the Gross State Product of Missouri.

WALGREENS | Columbia, MO | 21 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

• Columbia Overview • Demographics

-- COLUMBIA: ECONOMIC SNAPSHOT -- -- BOONE COUNTY LARGEST EMPLOYERS -- COLUMBIA is a growing city with a strong economy rooted in education, research, healthcare, life-sciences, manufacturing and high-tech industry. Columbia offers opportunities for business, research and manufacturing, and is an ideal location to develop and Employer # of Employees nurture emerging technology. The University of Missouri in Columbia offers collaboration at the University’s Christopher S. Bond University of Missouri 8,480 Life Sciences Center, the Missouri Innovation Center at the Life Science Business Incubator at Monsanto Place, the MU Research Reactor, and Discovery Ridge Research Park. All of these facilities are available for companies that benefit from close collaboration MU Health Care 5,304 with world-class University researchers. Columbia Public Schools 2,672

Columbia is also home to Columbia Public Schools, Columbia Area Career Center and Moberly Area Community College. These Veterans United Home Loans 2,360 educational institutions collaborate with local employers to provide career and technical education, training the current and future Harry S. Truman Memorial Veterans’ Hospital 1,670 workforce with real-world skills to fill fast-changing jobs within industry and manufacturing. City of Columbia 1,371 The COLUMBIA MSA consists of Boone, Audrain, and Randolph counties. The Columbia economy has been the fastest growing Boone Hospital Center 1,357 metropolitan area in Missouri since 2001. Since 2001, the Columbia, MO MSA has reported the highest average annual growth rate among the four largest metropolitan areas in Missouri. Shelter Insurance Companies 1,277 In fact, the Columbia metropolitan area’s economic growth rate of 1.81% has exceeded the average annual growth rate of the United States (1.69%).

The expansion is a combination of private companies, especially one that has recorded extraordinary growth, and public enterprises. Looking forward, it is the basic research and human capital investment provided by the largest public enterprises that are important for future private companies to maintain, or even raise, the region’s economic trajectory.

The largest employers in the Columbia MSA are public institutions, such as the University of Missouri-Columbia, University Hospitals and Clinics, Columbia Public Schools, Columbia City Government, the Truman VA Hospital, and Boone Hospital Center. The largest private employers are MBS, State Farm Insurance, Shelter Insurance and most Columbia owes a tremendous debt to the location of the flagship campus of the recently, Veterans United Home Loans. University of Missouri System. As Missouri’s most comprehensive public research university, the University of Missouri educates tomorrow’s leaders and finds solutions to society’s most pressing issues. The University of Missouri-Columbia (MU) is a large, stable employer, with a staff of nearly 2,000 supporting over 31,000 students. The University’s estimated impact on Missouri’s economy is $5.4B.

WALGREENS | Columbia, MO | 22 SUMMARY PROFILE 2000-2010 Census, 2021 Estimates with 2026 Projections Calculated using Weighted Block Centroid from Block Groups

Lat/Lon: 38.9095/-92.3546 RS1 1000 Club Village Dr 1 mi radius 3 mi radius 5 mi radius Columbia,SUMMARY MO PROFILE65203 EXECUTIVE SUMMARY PROPERTY INFORMATION 2000-2010 Census,TENANT 2021 Estimates OVERVIEW with 2026 Projections AREA OVERVIEW 2021 Estimated Population 0 T 8,607 56,817 108,017 Calculated using Weighted Block Centroid from Block Groups Longview Overview 2026 Projected• PopulationDemographics • 0 T 9,098 60,300 114,432 2010 Census Population 0 T 7,966 50,767 94,108 -- DEMOGRAPHICS -- Lat/Lon:2000 38.9095/-92.3546 Census Population 0 T 7,308 42,753 81,043 RS1 Projected Annual Growth 2021 to 2026 - 1.1% 1.2% 1.2%

1000POPULATION Club Village Dr - 0.8% 1.6% 1.6% Historical Annual Growth 2000 to 2021 1 mi radius 3 mi radius 5 mi radius Columbia,2021 MedianMO 65203 Age 1 Mile36.9 3 Miles 32.5 5 Miles 32.2

POPULATION SNAPSHOT 2021 Estimated HouseholdsPopulation 0 T 3,7988,607 21,52156,817 108,017 44,715 2026 Projected HouseholdsPopulation 0 T 4,0479,098 23,26460,300 114,432 47,994 • The population of Columbia, is estimated to be 123,300 people (2020). 2010 Census HouseholdsPopulation 0 T 3,3647,966 18,25250,767 37,05694,108 • The Columbia MSA is the 4th-largest metropolitan area in Missouri, with a 2000 Census Population 0 T 7,308 42,753 81,043 population of 256,640. 2000 Census Households 0 T 2,972 14,878 31,869 - 1.1% 1.2% 1.2% Projected Annual Growth 2021 to 2026 - 1.3% 1.6% 1.5%

• The median age in Columbia in 2019 was 28.5 years, reflecting the youthful HOUSEHOLDS POPULATION POPULATION - 0.8% 1.6% 1.6% energy of the community. Historical Annual Growth 2000 to 2021 - 1.3% 2.1% 1.9%

• There are nearly 500,000 people within a 50-mile radius of Columbia. 2021 MedianEstimated Age White - 80.8%36.9 81.5% 32.5 77.2% 32.2 2021 Estimated HouseholdsBlack or African American 0 T- 3,7987.5% 21,521 7.6% 44,715 10.8% 20262021 ProjectedEstimated HouseholdsAsian or Pacific Islander 0 T- 4,0477.7% 23,264 7.0% 47,994 7.1% HOUSING SNAPSHOT 20102021 CensusEstimated Households American Indian or Native Alaskan 0 T- 3,3640.3% 18,252 0.3% 37,056 0.3% • The average property value is $226,723, reflecting a 2.8% increase over the 2000 Census Households 0 T- 2,9723.6% 14,878 3.7% 31,869 4.6% RACE AND RACE ETHNICITY 2021 Estimated Other Races past year. Projected2021 Estimated Annual Hispanic Growth 2021 to 2026 - 1.3%3.0% 1.6%3.1% 1.5%4.0% HOUSEHOLDS HOUSEHOLDS • Approximately 46.7% of residents in Columbia own their home, which is below Historical Annual Growth 2000 to 2021 - 1.3% 2.1% 1.9% the national average of 63.9%. 2021 Estimated Average Household Income $0 T $104,472 $93,903 $77,842 2021 Estimated White - 80.8% 81.5% 77.2% • There are over 44,700 households within 5 miles of the subject property. 2021 Estimated Median Household Income $0 T $81,857 $69,733 $59,727 - 7.5% 7.6% 10.8% INCOME 2021 Estimated PerBlack Capita or African Income American $0 T $46,130 $36,119 $32,594 - 7.7% 7.0% 7.1% 2021 Estimated AsianElementary or Pacific (Grade Islander Level 0 to 8) - 0.4% 0.8% 1.5% - 0.3% 0.3% 0.3% 2021 Estimated AmericanSome High Indian School or (GradeNative AlaskanLevel 9 to 11) - 1.2% 1.2% 2.1% - 3.6% 3.7% 4.6% ECONOMY SNAPSHOT AND RACE ETHNICITY 2021 Estimated HighOther School Races Graduate - 17.7% 15.9% 17.4%

- 3.0% 3.1% 4.0% warranty. or representation without provided is herein information The reliable. be to deemed sources government and private from data using produced was report This • The median household income in Columbia is $57,395, reflecting a 4.21% & ETHNICITYRACE 2021 Estimated SomeHispanic College - 18.5% 16.5% 17.9% increase over the prior year. (Source: Dept of Numbers) 2021 Estimated AverageAssociates Household Degree Only Income $0 T- $104,4725.5% $93,903 4.7% $77,842 5.5% (AGE 25+) EDUCATION • The gross domestic product of the Columbia MSA was $10.552 billion in 2019. 2021 Estimated MedianBachelors Household Degree Only Income $0 T- $81,85725.4% $69,733 27.6% $59,727 27.6%

• The total work force in Columbia is 98,804 (May 2021) INCOME 2021 Estimated PerGraduate Capita Degree Income $0 T- $46,13031.4% $36,119 33.3% $32,594 27.9% INCOME • The largest industries in Columbia are Educational Services, Health Care & 2021 Estimated TotalElementary Businesses (Grade Level 0 to 8) 0 T- 0.4%264 1,566 0.8% 4,313 1.5% Social Assistance, and Retail Trade. 2021 Estimated TotalSome Employees High School (Grade Level 9 to 11) 0 T- 2,0561.2% 22,276 1.2% 58,657 2.1% 2021 Estimated EmployeeHigh School Population Graduate per Business - 17.7%7.8 15.9%14.2 17.4% 13.6 This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty. or representation without provided is herein information The reliable. be to deemed sources government and private from data using produced was report This BUSINESS BUSINESS 2021 Estimated ResidentialSome College Population per Business - 18.5%32.6 16.5% 36.3 17.9% 25.0

©2021, Sites2021 USA, Chandler,Estimated Arizona, Associates 480-491-1112 Degree Only page 1 of 1 Demographic- Source: Applied5.5% Geographic Solutions 4.7% 5/2021, TIGER Geography 5.5% (AGE 25+) EDUCATION 2021 Estimated Bachelors Degree OnlySources: ColumbiaRedi.com; VisitColumbiaMO.com;- www.como.gov;25.4% University 27.6% of Columbia 27.6% 2021 Estimated Graduate Degree - 31.4% 33.3% 27.9%

2021 Estimated Total Businesses 0 T 264WALGREENS 1,566 | Columbia, 4,313 MO | 23 2021 Estimated Total Employees 0 T 2,056 22,276 58,657 2021 Estimated Employee Population per Business - 7.8 14.2 13.6

BUSINESS 2021 Estimated Residential Population per Business - 32.6 36.3 25.0

©2021, Sites USA, Chandler, Arizona, 480-491-1112 page 1 of 1 Demographic Source: Applied Geographic Solutions 5/2021, TIGER Geography EXCLUSIVELY LISTED BY

RYAN BARR RYAN BENNETT Principal Principal 760.448.2446 760.448.2449 BARR&BENNETT [email protected] [email protected] NETLEASEDINVESTMENTS A Lee & Associates Team DRE Lic#01338994 DRE Lic#01826517

Lee & Associates and Bang Realty-Texas, Inc. hereby advise all prospective purchasers of Net-Leased Investment property as follows: The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Lee & Associates and Bang Realty-Texas, Inc. have not and will not verify any of this information, nor have Lee & Associates and Bang Realty-Texas, Inc. conducted any investigation regarding these matters. Lee & Associates and Bang Realty-Texas, Inc. makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided. As the Buyer of an investment property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. Lee & Associates and Bang Realty-Texas, Inc. expressly deny any obligation to conduct a due diligence examination of this Property for Buyer. Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of an investment property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors. Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any investment property to determine to your satisfaction with the suitability of the property for your needs. Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly- acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property. By accepting this Marketing Brochure you agree to release Lee & Associates and Bang Realty-Texas, Inc. and hold them harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this investment property.

Listed in conjunction with Texas real estate broker Bang Realty-Texas, Inc. license 9007017

No warranty or representation is made as to the accuracy of the foregoing information. Terms of sale, lease, and availability are subject to change or withdrawal without notice.

WALGREENS | Columbia, MO | 24