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Walgreens 2233-2335 Baltimore Pike Investment Offering Oxford, PA Photo Is for Representation Only Disclaimer

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Walgreens 2233-2335 Baltimore Pike Investment Offering Oxford, PA Photo Is for Representation Only Disclaimer Walgreens 2233-2335 Baltimore Pike Investment Offering Oxford, PA Photo is for representation only Disclaimer NAI James E. Hanson (“Broker”) has been the terms of such documents but rather only any entity reviewing this Offering Memorandum appointed as the exclusive broker for this outlines of some of the principal provisions or making an offer to purchase the Property investment opportunity. contained therein, and no representations or unless and until a written agreement for the This Offering Memorandum has been prepared warranties are made as to the completeness purchase and sale of the Property has been by Broker for use by the principal (“Principal”) and/or accuracy of the projections contained fully executed, delivered and approved by to whom Broker has provided this Offering herein. Prospective purchasers of the Property Owner and the other party thereto and any Memorandum. The use of this Offering should make their own investigations and conditions to Owner’s obligations hereunder Memorandum and the information provided conclusions without reliance upon this Offering have been satisfied or waived. If you have no herein is subject to the terms, provisions and Memorandum, the information contained herein interest in the Property at this time, return this limitations of the Confidentiality Agreement or any other written or oral communication or Offering Memorandum immediately to: furnished by Broker and executed by Principal information transmitted or made available. prior to delivery of this Offering Memorandum. Additional information and an opportunity to inspect the Property will be made available NAI James E. Hanson Although the information contained herein is upon written request by interested and 235 Moore Street based upon sources believed to be reasonably qualified prospective purchasers. reliable, Owner and Broker, on their own Hackensack NJ 07601 behalf, and on behalf of their respective Owner expressly reserves the right, exercisable officers, employees, shareholders, partners, in Owner’s sole and absolute discretion, to directors, members and affiliates, disclaim withdraw the Property from being marketed any responsibility or liability for inaccuracies, for sale at any time and for any reason. representations and warranties (expressed Owner and Broker each expressly reserves or implied) contained in, or omitted from, the the right, exercisable in their sole and absolute Offering Memorandum or any other written or discretion, to reject any and all expressions of oral communication or information transmitted interest or offers regarding the Property and/ or made available to the recipient of this Offering or to terminate discussions with any entity at Memorandum. In amplification of and without any time with or without notice. Broker is not limiting the foregoing, summaries contained authorized to make any representations or herein of any legal or other documents are not agreements on behalf of Owner. Owner shall intended to be comprehensive statements of not have any legal commitment or obligation to Table of Contents Section 01 Executive Summary Section 02 Property Overview Section 03 Lease & Option Terms Section 04 Area Information/Demographics Section 05 About Walgreens/ Other Retail Tenants Section 06 Contact Information Executive Summary NAI James E. Hanson is exclusively offering for sale this Walgreens facility at 2233 Baltimore Pike and 2235 Baltimore Pike located in Oxford, Pennsylvania. This represents a unique investment opportunity to own a fee-simple (land and building) NNN Walgreens. The lease is absolute triple-net with no landlord obligations, and is corporately guaranteed by Walgreen Co. The passive nature of this lease combined with the credit-worthy corporate guaranty make this an ideal 1031 replacement property or acquisition for an investor desiring a passive real estate investment. Walgreens commenced rent in February of 2003 and has approximately 5.5 years of guaranteed lease term remaining prior to entering option periods of 4-five year lease terms, with escalations. Due to the Walgreen’s being a former Happy Harry’s, the lease has the unique aspect of rental increases every 3 years. The site also contains the opportunity to own a strip center, on the same lot, which is home to Domino’s Pizza, Bigfoot’s Express, and Oxford Karate Institute. Section 01 Property Overview Address 2233-2235 Baltimore Pike Oxford, PA Year Constructed 2003 Rentable Square Feet 12,000 + 3,600 (other 3 stores) Lot Size 2.3 Acres Photo is for representation only Type of Lease NNN Drive-thru window NOI $274,368 Cap Rate 6.5% Offered At $4,221,000 Section 02 Lease & Option Terms WALGREENS RENT Years 13‐15 $210,000 Years 16‐18 $222,000 Years 19‐20 $234,000 OPTIONS TO RENEW (4 ‐ 5 YEAR OPTIONS) Years 21‐25 $246,000 Years 36‐30 $258,000 Years 31‐35 $270,000 Years 36‐40 $282,000 Oxford Bigfoot Domino's Karate TENANT Walgreens Express Pizza Institute Size (sf) 12,000 1,200 1,380 1,020 Rent n/a $21,600 $22,992 $19,776 Type NNN NN NN NN End Term 3/31/2023 8/31/2020 8/31/2019 10/31/2018 Tenant to pay pro-rata share of all applicable expenses. Tenant to pay pro-rata share of taxes. Section 03 Property Aerial DOWNTOWN OXFORD Andrew Patroni Accountant MetroPCS DOWNTOWN Auto Tags Plus Millstone Jewelers BB&T NAPA Auto Parts OXFORD Bilger Barbershop Neighborhood Services Center Bog Turtle Brewing Neighborhood Thrift Store Bright Beginnings Net-Werks Computer Services Ce’Ja Counseling and Consulting Service Octoraro Hotel and Tavern Charles Herbert Public Accountant Outback Company Store China House Outback Trading Company Chiropractic Services, P.A. Oxford Area Chamber of Commerce Coatesville Savings Bank Oxford Area Sewer Authority Color’s Family Hair Salon Oxford Arts Alliance Cricket Wireless Oxford Cleaners Daisy Mae Printing and Design Oxford Family Eyecare Digitek Computer Services Oxford Feed and Lumber Edward Jones Oxford Hotel El Nayarit #2 Grocery Store Oxford Library Company Empowerment Resources Associates Inc Oxford Mainstreet, Inc. Eric S. Coates, Attorney at Law Oxford Odds & Ends Express Employment Professionals Oxford Post Office Family Medicine and Geriatrics Oxford Presbyterian Church Flickerwood Wine Cellars Oxford Village Market Flip’s Barbershop Pickled Pickles Garcia-Taylor Insurance Agency Pizza Hut Golden Light Wellness Center RARE Technologies Government Specialists, Inc. Rite Aid H&R Block RNJ Plaques and Engraving Holbrook Contracting SawMill Grill Hollow Earth Brewing Company Scalewatcher Hong Kong Chinese Restaurant Soap Bucket Skincare and Candles Howett’s Screen Printing and Embroidery Studio 23 Inspection Services Group Studio Blush Jacques H. Geisenberger, Jr. P.C. Taqueria Los Juarez Kenneth Pyle, P.C. The Maroon Hornet KVIS and Coe Insurance Services The Surance Group La Carretta Grocery Store Three Diamonds Variety Store La Sicilia Restaurant Toot Sweets La Tienda Mexicana Grocery Store Top Grade Vapors Law Offices of McMichael, Heiney & Sebastian Union Fire Company #1 Liberty Tax Services Verizon Government Relations Limelife Planners Wholly Grounds & Third Street Outlet Lola’s WSFS Ba Make Time for Massage Section 04 Property Map Section 04 Pharmacies In the Area 6 5 9 11 8 7 10 4 3 2 MAP # COMPANY NAME ADDRESS CITY 1 Colora Pharmacy 2527 Jacob Tome Memorial Hwy Colora 2 Martin's Pharmacy 24 Rising Sun Town Ctr Rising Sun 3 Sun Pharmacy PO Box 420 Rising Sun 4 CVS/Pharmacy 201 Fieldcrest Dr Nottingham 5 CVS/Pharmacy 857 W Baltimore Pike West Grove 1 6 Giant Food Stores Pharmacy 849 W Baltimore Pike West Grove 7 Rite Aid 46 S 3rd St Oxford 8 Rite Aid GNC Live Well Store 455 N 3rd St Oxford 9 Southern Chester County Pharmacy PO Box 219 West Grove 10 Walgreens 2235 Baltimore Pike Oxford 11 Walmart Pharmacy 800 Commons Dr Oxford Section 04 About Oxford, PA Oxford is a borough in Chester County, Pennsylvania. Oxford is the closest town to Lincoln University. The population was 5,077 at the 2010 census. The borough has a total area of 1.9 square miles. The borough was once called Oxford Crossing and Oxford Village. Oxford is located near the half-way point on the main road from Philadelphia to Baltimore. Section 04 3-5-10 mile Demographics DEMOGRAPHICS 3 Mile 5 Miles 10 Miles Population 17,655 25,139 89,785 3 Miles 5 Miles Households 5,700 7,589 29,389 10 Miles Avg. Income $102,143 $105,628 $106,656 Section 04 3-5-10 mile Demographics Description 3 Miles 5 Miles 10 Miles General Population Characteristics Male : 8,851 12,464 44,832 Female : 8,804 12,675 44,953 Density : 446.7 426.1 281.1 Urban : 12,985 18,910 43,507 Rural : 4,670 6,229 46,278 General Household Characteristics Households (Current) : 5,700 7,589 29,389 Families : 4,385 5,904 22,950 Average Size of Household : 2.99 3.04 3.01 Description 3 Miles 5 Miles 10 Miles Median Age of Householder : 51 51 53 Area & Density : Median Value Owner Occupied ($) : $249,388 $249,653 $270,256 : 39.52 58.99 319.41 Area (Square Miles) Median Rent ($) : $699.64 $731.90 $775.34 Density(Population Per Square Mile) : 446.7 426.1 281.1 Median Vehicles Per Household : 2 2 2 Population By Year General Housing Characteristics Population (1990) : 10,674 14,354 57,131 Housing Units : 5,997 7,970 30,825 Population (2000) : 12,593 18,567 70,925 Owner Occupied Units : 4,102 5,743 23,463 Population (2010) : 16,978 24,196 86,826 Renter Occupied Units : 1,598 1,846 5,926 Population (Current) : 17,655 25,139 89,785 Vacant Units : 297 381 1,436 Population (5 Yr. Forecast) : 18,334 26,048 93,071 Population By Race Percent Growth (Current Yr./Previous Yr.) : 3.95 3.82 3.21 White Alone : 14,576 19,727 79,674 Percent Forecast (5 Yr.
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