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Walgreens Boots Alliance Walgreens Boots Alliance Is the First Global Pharmacy-Led, Health and Wellbeing Enterprise in the World

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Walgreens Boots Alliance Walgreens Boots Alliance Is the First Global Pharmacy-Led, Health and Wellbeing Enterprise in the World Walgreens Pharmacy Santa Cruz, California • Prime, irreplaceable San Francisco Bay Area real $13,100,000 estate • Unique opportunity to own an entire city block in a community where it has historically been very difficult to develop 5.00% • 21+ years of guaranteed cash flow • Dense urban infill location (24,535 people in 1 mile) CAP Rate • Investment grade Walgreens corporate credit and guarantee • Two tenant deal offers rent increases and some upside in the near-term John Giordani Art Griffith DeerfieldPartners (415) 685-3035 [email protected] Walgreens Pharmacy Santa Cruz, California Investment Summary Price $13,100,000 CAP Rate 5.00% Annual Income $654,982 Years Guaranteed 21+ years guaranteed by Walgreens (Saturn Cafe expires 3/30/2022) About This Investment Opportunity This is an extremely rare opportunity for an investor to not only own a fee-simple Walgreens property in Santa Cruz, but to own an entire city block in downtown Santa Cruz. Unique construction, excellent location, great traffic counts and high identity signage. Santa Cruz has a virtual lockdown on national retailers in the downtown area, it’s a wonder they were able to develop this site. This is truly irreplaceable real estate. This store is situated on an entire city block, and boasts tremendous visibility, as almost all tourist traffic heading to the beaches comes right by this site on the way in to Santa Cruz and on the way back out. Additionally, the store benefits by offering customers rare, on-site parking in the downtown commercial district. Great Demographics, Excellent Visibility and Ample Parking 1 Mile 3 Mile 5 Mile Population 24,535 83,132 112,864 Avg. Household Income $69,940 $80,471 $81,930 Situated on the intersection of Laurel and Pacific, two of the most heavily trafficked thoroughfares in Santa Cruz, this is an important strategic location for Walgreens. Excellent visibility and ample parking. John Giordani Art Griffith (415) 685-3035 DeerfieldPartners [email protected] Walgreens Pharmacy Santa Cruz, California Aerial Photo John Giordani Art Griffith (415) 685-3035 DeerfieldPartners [email protected] Walgreens Pharmacy Santa Cruz, California Lease Summaries Square Footage 14,155 sq. ft. 3,285 sq. ft. Firm Lease Term ~ 21 years thru 4/30/2037 ~ 4 years thru 3/31/2020 Annual Rent $553,450 $101,532 Rent Increases None. 3% every year Landlord Costs None. Lease is NNN. None. Lease is NNN. Property Details Year Redeveloped 2012 Building Size 17,440 square feet Address 105-145 Laurel Street Lot Size 1.23 acres Santa Cruz, CA John Giordani Art Griffith (415) 685-3035 DeerfieldPartners [email protected] Walgreens Pharmacy Santa Cruz, California Regional Map / About Santa Cruz Square Footage 14,155 sq. ft. 3,285 sq. ft. Firm Lease Term ~ 21 years thru 4/30/2037 ~ 4 years thru 3/31/2020 Annual Rent $553,450 $101,532 Rent Increases None. 3% every year Landlord Costs None. Lease is NNN. None. Lease is NNN. Santa Cruz is the county seat and largest city of Santa Cruz County, California in the US. As of the 2010 U.S. Census, Santa Cruz had a total population of 59,946. It is located on the northern edge of the Monterey Bay, about 72 miles south of San Francisco. Late in the 19th century, Santa Cruz established itself as a beach resort community. Santa Cruz is now known for its moderate climate, the natural beauty of its coastline and redwood forests, alternative community lifestyles, and socially liberal leanings. It is also home to the University of California, Santa Cruz, a premier research institution and educational hub, as well as the Santa Cruz Beach Boardwalk, an oceanfront amusement park. John Giordani Art Griffith (415) 685-3035 DeerfieldPartners [email protected] Walgreens Pharmacy Santa Cruz, California Background on Saturn Cafe Saturn Cafe first opened in 1979, in a tiny house on Mission Street in Santa Cruz, California. The founders aimed to create a community gathering place with a commitment to social and environmental justice. Although the Saturn has grown and changed in many ways since its inception, these core values still guide us in all that we do. The cafe quickly outgrew the house on Mission Street, and moved across the street to a new location. There, it became a college hangout featuring vegetarian soups, salads and decadent desserts. On New Years Eve of 1999, a fire broke out at the new location, burning a hole through the roof. Saturn Cafe then moved to the heart of downtown Santa Cruz, where we continued to expand our menu, as well as our hours to include late night dining. Over the years, our menu at Saturn Cafe has evolved, keeping up with the ever growing demand for healthy twists on American comfort food. The first new additions included mouth watering vegetarian burgers, such as the Space Cowboy, and award winning French fries, which we cook in trans-fat free oil that gets recycled into bio-diesel fuel. After a while, we began serving a Late Riser’s Brunch, and are proud to say that our vegan breakfast burrito and fluffy omelets are gaining fans all over the world. Each year, we bring home the gold in the Santa Cruz Metro Goldie Awards in categories such as “Best Milkshakes,” “Best Comfort Food,” “Most Innovative Menu,” and “Best Burger.” In 2005, we set a goal to deepen our understanding of what it means to own a sustainable restaurant, which is dedicated to the triple bottom line of planet, people and profit. Putting our values into action, we set out to improve our business both internally and externally. As we focus on growth and the future, we remain rooted in our values as a local progressive business by marking a percentage of our budget for investment in our local community. In 2009 we introduced the Saturn Satellite Project, and we couldn’t be more thrilled about helping our satellites launch in exhilarating new locations. Throughout our thirty years in business, one key element remains the same. We know that the well- being of our customers, staff, and the farmers who produce our food, the health of the planet, and the sustainability of our business are completely interdependent. As we continue to reach for the stars, we are dedicated to finding socially and ecologically responsible ways to move our business forward. John Giordani Art Griffith (415) 685-3035 DeerfieldPartners [email protected] Walgreens Pharmacy Santa Cruz, California Store Photos John Giordani Art Griffith (415) 685-3035 DeerfieldPartners [email protected] Walgreens Pharmacy Santa Cruz, California Aerial Photo Showing Proximity to Kaiser Permanente Arena Kaiser Permanente Arena is an indoor arena located in Santa Cruz, in the U.S. state of California. It has a seating capacity of 2,505 spectators. It hosts the Santa Cruz Warriors of the NBA Development League. It also is the home of the Santa Cruz Derby Girls of the Women’s Flat Track Derby Association. The naming rights were bought by health care consortium Kaiser Permanente despite the company – a sponsor of the Warriors’ owner, the NBA’s Golden State Warriors – not having facilities in Santa Cruz. A $3.5 million loan by the city of Santa Cruz was given to the Warriors to build their arena, with the 1.5-acre lot being provided by the Santa Cruz Seaside Company, owner of the Santa Cruz Beach Boardwalk. Construction ran for 78 days between September and December 2012, halted just a few times by rain. The arena was opened on December 23, 2012, with a victory by the Warriors against the Bakersfield Jam. By April 2014, Kaiser Permanente Arena had 39 sell-outs out of the 53 Warriors home games. In the meantime, the Warriors reached two D-League finals. The arena also serves as the home of UC Santa Cruz men’s and women’s basketball games. John Giordani Art Griffith (415) 685-3035 DeerfieldPartners [email protected] Walgreens Pharmacy Santa Cruz, California Store Photos John Giordani Art Griffith (415) 685-3035 DeerfieldPartners [email protected] Walgreens Pharmacy Santa Cruz, California About Walgreens Boots Alliance Walgreens Boots Alliance is the first global pharmacy-led, health and wellbeing enterprise in the world. Our purpose is to help people across the world lead healthier and happier lives. 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. The Company, with a presence in more than 25 countries, employs over 370,000 people and is the largest retail pharmacy, health and daily living destination in the USA and Europe. The Company’s size, scale, and expertise will help us to expand the supply, and address the rising cost of, prescription drugs in the USA and worldwide. 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. The creation of Walgreens Boots Alliance provides an opportunity to further accelerate the development of a fully integrated, global platform for the future to provide innovative ways to address health and wellness challenges. Our Company is well positioned to expand customer offerings in existing markets and become the health and wellbeing partner of choice in emerging markets. John Giordani Art Griffith (415) 685-3035 DeerfieldPartners [email protected] Walgreens Pharmacy Santa Cruz, California WalgreensWalgreens Boots Alliance Boots Alliance-- Segment – Segment Structure Structure A leading global A leading drugstore chain The largest retail pharmacy pharmaceutical wholesaler in the USA chain in Europe and distributor The first global pharmacy-led, health and wellbeing enterprise in the world 8 John Giordani Art Griffith (415) 685-3035 DeerfieldPartners [email protected] Walgreens Pharmacy Santa Cruz, California Walgreens Boots Alliance -- Retail Pharmacy USA Division The Retail Pharmacy USA Division’s principal retail pharmacy brands are Walgreens and Duane Reade.
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