WALGREENS 183 E Dayton Yellow Springs Road Fairborn, OH 45324 TABLE of CONTENTS

NET LEASE INVESTMENT OFFERING

WALGREENS 183 E Dayton Yellow Springs Road Fairborn, OH 45324 TABLE OF CONTENTS

TABLE OF CONTENTS

I. Executive Profile II. Location Overview III. Market & Tenant Overview Executive Summary Photographs Demographic Report Investment Highlights Aerial Market Overview Property Overview Site Plan Tenant Overview Map

NET LEASE INVESTMENT OFFERING DISCLAIMER STATEMENT

DISCLAIMER The information contained in the following Offering Memorandum is proprietary and strictly confidential. STATEMENT: 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 Offering Memorandum 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.

The information contained in this Offering Memorandum 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.

NET LEASE INVESTMENT OFFERING EXECUTIVE SUMMARY

EXECUTIVE The Boulder Group is pleased to exclusively market for sale a single tenant net leased Walgreens property located SUMMARY: in Fairborn, Ohio. The property is positioned at a signalized intersection in a strong retail corridor. The Walgreens features a drive-thru and has excellent visibility and signage. Walgreens has 10 years remaining on their lease which features ten 5-year renewal option periods and no landlord responsibilities. This is a proven location for Walgreens as evident by their long operating history (since 2002) and recent lease extension. Walgreens is the largest drug retailing chain in the United States with over 8,175 locations in the United States.

The 14,490 square foot Walgreens is positioned at the signalized intersection of Dayton Yellow Springs Road and Beaver Valley Road which experiences a combined traffic count of 26,298 vehicles per day. Dayton Yellow Springs Road is the primary east-west thoroughfare in the area with on and off access to Interstate 675, less than one mile from the property. Interstate 675 experiences traffic counts in excess of 75,600 vehicles per day. The property is also located within close proximity to multiple residential communities, local businesses, and schools. Wright State University, a public research university with over 17,775 students, is located roughly two miles west of the property. There are over 44,365 people living within a three mile radius of the property with an average annual household income in excess of $67,523 per year.

Walgreens has 10 years remaining on their lease which expires September 30, 2027 and features ten 5-year renewal option periods. The lease is a triple net lease with no landlord responsibilities. Walgreens is publicly traded on the Nasdaq Stock Market (symbol: WBA) with a market capitalization in excess of $88 billion. Both Walgreen Co. and Walgreens Boots Alliance, Inc. are investment grade rated each with a Standard & Poor’s rating of BBB.

NET LEASE INVESTMENT OFFERING INVESTMENT HIGHLIGHTS

INVESTMENT • Investment grade tenant (S&P: BBB) HIGHLIGHTS: • Long term lease with over 10 years remaining

• Triple net lease with no landlord responsibilities

• Drive-thru pharmacy

• Long operating history at this location (since 2002) with an established customer base

• Committed to the location as evidenced by recent lease extension

• Positioned in a retail corridor with exceptional visibility

• More than 44,365 people live within three miles of the property earning an average household income of $67,523

NET LEASE INVESTMENT OFFERING PROPERTY OVERVIEW

PROPERTY Price: $5,382,813 OVERVIEW: Cap Rate: 6.40%

Net Operating Income: $344,500

Renewal Options: Ten 5-Year

Lease Commencement Date: September 20, 2002

Lease Expiration Date: September 30, 2027

Tenant: Walgreens

Year Built: 2002

Lease Type: NNN

Parking: 70 Spaces

Building Size: 14,490 SF

Land Size: 1.85 Acres

NET LEASE INVESTMENT OFFERING PHOTOGRAPHS

NET LEASE INVESTMENT OFFERING AERIAL

NET LEASE INVESTMENT OFFERING SITE PLAN

NET LEASE INVESTMENT OFFERING MAP

NET LEASE INVESTMENT OFFERING DEMOGRAPHIC REPORT

DEMOGRAPHIC Population 1-Mile 3-Mile 5-Mile REPORT: Total Population 10,935 44,366 79,860 Total Households 5,125 18,137 31,626

Income 1-Mile 3-Mile 5-Mile

Median Household Income $40,539 $51,171 $59,142 Average Household Income $53,806 $67,523 $77,098

NET LEASE INVESTMENT OFFERING MARKET OVERVIEW

MARKET Fairborn, Ohio OVERVIEW: Fairborn is a city in Greene County, Ohio near Dayton and Wright-Patterson Air Force Base. Fairborn has a population of over 32,350 people. It is the only city in the world with the name of Fairborn, a portmanteau word created from the names Fairfield and Osborn; the two villages that merged in 1950 after the Great Dayton Flood of 1913 forced Osborn to move out of a flood plain and alongside Fairfield.

Fairborn is the home of Wright State University, which serves nearly 20,000 undergraduate and graduate students. Fairborn is served by a branch of the Greene County Public Library. It is part of the Dayton Metropolitan Statistical Area. The city is also home to the disaster training facility known as Calamityville.

ci.fairborn.oh.us

NET LEASE INVESTMENT OFFERING MARKET OVERVIEW

MARKET Dayton, Ohio OVERVIEW: Dayton is the sixth-largest city in Ohio and is the county seat of Montgomery County. In the 2010 census, the population was 141,527, and the Dayton metropolitan area had 799,232 residents, making it Ohio’s fourth-largest metropolitan area and the 63rd-largest in the United States. Dayton is within Ohio’s Miami Valley region, just north of the Cincinnati–Northern Kentucky metropolitan area.

Ohio’s borders are within 500 miles of roughly 60 percent of the country’s population and manufacturing infrastructure, making the Dayton area a logistical centroid for manufacturers, suppliers, and shippers. Dayton also hosts significant research and development in fields like industrial, aeronautical, and astronautical engineering that have led to many technological inno- vations. Much of this innovation is due in part to Wright-Patterson Air Force Base and its place within the community. Dayton is home to the National Museum of the United States Air Force.

With the decline of heavy manufacturing, Dayton’s businesses have diversified into a service economy that includes insurance and legal sectors as well as healthcare and government sectors.

Other than defense and aerospace, healthcare accounts for much of the Dayton area’s economy. Hospitals in the Greater Dayton area have an estimated combined employment of nearly 32,000 and a yearly economic impact of $6.8 billion. In 2011, Dayton was rated the No. 3 city in the nation out of the top 50 cities in the United States by HealthGrades for excellence in health care. Many hospitals in the Dayton area are consistently ranked by Forbes, U.S. News & World Report, and HealthGrades for clinical excellence.

Companies such as Reynolds and Reynolds, CareSource, DPL, LexisNexis, Kettering Health Network, Premier Health Partners, and Standard Register have their headquarters in Dayton. Site Selection magazine has ranked Dayton the No. 1 mid- sized metropolitan area in the nation for economic development. Also, Dayton has been named one of the best places in the United States for college graduates to find a job.

www.daytonohio.gov

NET LEASE INVESTMENT OFFERING TENANT OVERVIEW

TENANT Walgreens OVERVIEW: Walgreens Boots Alliance, Inc. operates as a pharmacy-led health and wellbeing company. 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, including non-prescription drugs, beauty products, photo finishing, seasonal merchandise, greeting cards, and convenience foods 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 January 31, 2017, this segment operated 8,175 retail stores under the Walgreens and Duane Reade brands in the United States; and 7 specialty pharmacy locations, as well as managed approximately 400 Healthcare Clinics. Walgreens Boots Alliance, Inc. was founded in 1901 and is based in Deerfield, Illinois.

The Walgreen Company is the largest drug retailing chain in the United States. The company is publicly traded on the NASDAQ (Symbol: WBA) with a market capitalization in excess of $88 billion. Both Walgreen Co. and Walgreens Boots Alliance, Inc. are investment grade rated each with a Standard & Poor’s rating of BBB. In October 2016 Walgreens Boots Alliance received the United Nations Foundation Global Leadership Award for its commitment to the UN’s Sustainable Development Goals.

Website: www.walgreens.com Number of Locations: 8,175 Stock Symbol: WBA (NASDAQ) Standard & Poor’s Rating: BBB Market Capitalization: $88 Billion

NET LEASE INVESTMENT OFFERING Randy Blankstein President 847.562.0003 [email protected]

Jimmy Goodman Partner 847.562.8500 [email protected]

666 Dundee Road, Suite 1801 Northbrook, IL 60062