Walgreens Boots Alliance Walgreens Boots Alliance (Nasdaq: WBA) Is the First Global Pharmacy-Led, Health and Wellbeing Enterprise
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Affluent Community -- $109,539 Avg HH Income Walgreens Pharmacy #10750 Affluent Upstate New York • True NNN lease with 14 years guaranteed rent $5,650,000 • 12 miles north of Syracuse University • Affluent community with $109,539 Average Household Income 6.00% • True hard corner location with easy access • No CVS in town; parking lot busier than Rite Aid CAP Rate • Modern prototype design with drive-thru • Full guarantee by Walgreens corporation John Giordani Art Griffith DeerfieldPartners (888) 258-7605 [email protected] Walgreens Pharmacy #10750 Cicero, New York Investment Summary Price $5,650,000 1 Mile 3 Mile 5 Mile CAP Rate 6.00% Population Annual Income $339,000 7,546 26,523 53,673 Years Guaranteed 14 years NNN Avg. HH Income $109,539 $95,774 $88,684 This modern prototype, freestanding Walgreens with drive-thru is well positioned on the true hard corner of Highway 31 and Thompson Road, just 12 miles north of Syracuse University. The four-way intersection is really “Main and Main” in the affluent town of Cicero. Walgreens is located caddy-corner to Rite Aid here, but the Walgreens parking lot is clearly busier than the Rite Aid. This is a small town, where Walgreens serves as “the corner store” as much as a pharmacy. New Walgreens leases are only 15 years guaranteed. John Giordani Art Griffith Call: (888) 258-7605 DeerfieldPartners Email: [email protected] Walgreens Pharmacy #10750 Cicero, New York Property Details and Lease Summary Address 6189 State Route 31, Cicero, NY 13039 Year Built 2007 Building Size 14,748 Square Feet Lot Size 1.29 acres Tenant Walgreens (NASDAQ:WBA) Lease Start Date August 6, 2007 Lease End Date August 31, 2082 Termination Options Tenant may terminate as of 8/31/2032, with at least six (6) months prior written notice. (ROFR is 20 days) Prototypical Storefront with Drive-Thru John Giordani Art Griffith Call: (888) 258-7605 DeerfieldPartners Email: [email protected] Walgreens Pharmacy #10750 Cicero, New York About Cicero, New York The Town of Cicero, a northern suburb of the City of Syracuse, is located in the northeast corner of Onondaga County and includes the eastern half of the Village of North Syracuse. According to the United States Census Bureau, the town has a total area of 48.5 square miles. The north town line of Cicero, marked by the Oneida River, is the border of Oswego County. The east town line is the border of Madison County, marked by the Chittenango Creek.The population was 31,632 at the 2010 census. At the Northern border of Cicero is Oneida Lake, one of the largest bodies of water located within New York State. Also within Cicero is a fairly large swamp named Cicero Swamp. Cicero consists of mainly wetland, forests, farms and a large and growing number of housing developments. U.S. Route 11, Interstate 81, Interstate 481, and New York State Route 31 pass through Cicero. New York State Route 298 intersects NY-31 near the east town line. Michael Airfield, a single runway general aviation airport, is located within Cicero. The reconstructed Erie Canal follows the Oneida River along the north town line. History of Cicero, New York The original township of Cicero, named after the great Roman orator Marcus Tullius Cicero, included both the towns of Cicero and Clay. It was part of the great military tract that was surveyed in 1790 into 100 lots, each containing about 600 acres. These lots were reserved or drawn by soldiers for services in the Revolutionary War. The only soldier to become an actual resident in the Town of Cicero was Captain John Shepard. In 1827 the township was divided with the Town of Cicero having 50 lots – about 29,000 acres of land. The first settler in Cicero was John Leach. His home, a log cabin, was located on the site of the old Legion Hall. The village was called Cody’s Corner until 1820. Isaac Cody ran a tavern, which was located on the southwest corner of Crabtree Lane and Route 11. Cody was the first Postmaster and his wife operated the first store. She used the barter system and brought goods from New York City by wagon. The building of the Erie Canal brought many settlers to this area. It was also used extensively to ship salt. The salt industry provided many people with jobs, either making barrels or in furnishing lumber. The business declined in the 1890s, while farming and the dairy industry became important. Cheese factories were built, including one right in the village along with a flour mill, stave and lumber mill, canning factory, wagon and carriage factory. The present Route 11 was for many years a series of Indian trails north and south through Cicero from Pennsylvania to the Thousand Islands. Part of it was called the Salt Road in 1812. In 1846 the first toll plank road in the United States was built. It was 16.5 miles long and went from Central Square to Syracuse right through Cicero. The stage was the only means of transportation until replaced by the trolley line built in 1909. The trolley to South Bay brought prosperity to the area around Oneida Lake, and the hotel business flourished. Regular excursion boats met the trolley for trips around the lake. Frenchman’s Island was a popular vacation spot. The trolley was used until 1932. The tracks were torn up and South Bay Road built over the same route. John Giordani Art Griffith Call: (888) 258-7605 DeerfieldPartners Email: [email protected] Walgreens Pharmacy #10750 Cicero, New York Regional Map Distances to Nearby Cities Syracuse, NY 10 miles Rochester, NY 91 miles Buffalo, NY 156 miles New York, NY 258 miles Boston, MA 311 miles John Giordani Art Griffith Call: (888) 258-7605 DeerfieldPartners Email: [email protected] Walgreens Pharmacy #10750 Cicero, New York John Giordani Art Griffith Call: (888) 258-7605 DeerfieldPartners Email: [email protected] Walgreens Pharmacy #10750 Cicero, New York Corner Aerial for Site Orientation John Giordani Art Griffith Call: (888) 258-7605 DeerfieldPartners Email: [email protected] Walgreens Pharmacy #10750 Cicero, New York About Walgreens Boots Alliance Walgreens Boots Alliance (Nasdaq: WBA) is the first global pharmacy-led, health and wellbeing enterprise. The Company’s heritage of trusted healthcare services through community pharmacy care and pharmaceutical wholesaling dates back more than 100 years. Walgreens Boots Alliance is the largest retail pharmacy, health and daily living destination across the U.S. and Europe. Walgreens Boots Alliance and the companies in which it has equity method investments together have a presence in more than 25* countries and employ more than 385,000* people. The Company is a global leader in pharmacy-led, health and wellbeing retail and, together with the companies in which it has equity method investments, has more than 13,200* stores in 11* countries as well as one of the largest global pharmaceutical wholesale and distribution networks, with more than 390* distribution centers delivering to more than 230,000** pharmacies, doctors, health centers and hospitals each year in more than 20* 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 U.S. and worldwide. Walgreens Boots Alliance is included in Fortune magazine’s 2018 list of the World’s Most Admired Companies. This is the 25th consecutive year that Walgreens Boots Alliance or its predecessor company, Walgreen Co., has been named to the list. * As of 31 August 2017, using publicly available information for AmerisourceBergen. **For 12 months ending 31 August 2017, using publicly available information for AmerisourceBergen. John Giordani Art Griffith Call: (888) 258-7605 DeerfieldPartners Email: [email protected] Walgreens Pharmacy #10750 Cicero, New York Walgreens Income Statements Trailing 5 Years John Giordani Art Griffith Call: (888) 258-7605 DeerfieldPartners Email: [email protected] Walgreens Pharmacy #10750 Cicero, New York 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 Call: (888) 258-7605 DeerfieldPartners Email: [email protected] Walgreens Pharmacy #10750 Cicero, New York Walgreens Boots Alliance -- Retail Pharmacy USA Division Our Retail Pharmacy USA Division’s principal retail pharmacy brands are Walgreens and Duane Reade. Together, they form one of the largest drugstore chains in the U.S., operating 8,100* drugstores in 50* states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. As of August 2017, approximately 76 percent of the population of the U.S. lives within five miles of a Walgreens or Duane Reade. We sell prescription and non-prescription drugs, as well as general merchandise, including household items, convenience and fresh foods, personal care, beauty care, photofinishing and candy. We offer our products and services through drugstores, as well as through mail, telephone and online. We also provide specialty pharmacy and respiratory services, and operate retail clinics. Our services help improve health outcomes for patients and manage costs for payers including employers, managed care organizations, health systems, pharmacy benefit managers and the public sector. Our stores sell branded and own brand general merchandise. In addition, Walgreens has approximately 400 in-store clinic locations throughout the U.S., some of which are operated by the Company and some of which are operated by health system partners.