OFFERED AT: $7,327,000 | 5.50% CAP

FLOWERY BRANCH, GA (ATLANTA MSA)

S&P ‘BBB’ CREDIT RATING ABSOLUTE NNN LEASE

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 7 Lease Abstract

PROPERTY INFORMATION 9 Location Maps 10 Property Photos 11 Neighboring Tenants 12 Competition Map 13 Aerials

TENANT OVERVIEW 21 About Walgreens

AREA OVERVIEW 23 Flowery Branch Overview 24 Atlanta Overview 27 Demographics

Confidentiality Agreement & Disclosures

EXCLUSIVELY LISTED BY

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

Color Scheme

RGB R:145 / G:0 / B:40 CMYK C:0 / M:100 / Y:65 / K:47

RGB R:119 / G:120 / B:123 CMYK C:0 / M:0 / Y:0 / K65

Fonts GOTHAM/ BLACK GOTHAM/ MEDIUM GOTHAM/ LIGHT

BROKER OF RECORD: Lee & Associates Commercial Real Estate Services, Inc.- Atlanta LLC GA Lic# 63454 Actual Property

WALGREENS | Flowery Branch, GA (Atlanda MSA) | 2 EXECUTIVE SUMMARY

FLOWERY BRANCH, GA (ATLANTA MSA)

WALGREENS | Flowery Branch, GA (Atlanda MSA) | 3 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

• Offering Summary • Investment Highlights Lease Summary & Rent Schedule Lease Abstract

-- OFFERING SUMMARY --

INVESTMENT HIGHLIGHTS PROPERTY OVERVIEW Offering Price: $7,327,000 Address: 5963 Spout Springs Rd Flowery Branch, GA 30542 Net Operating Income: $403,000 Property Size: Approx 14,550 Sq. Ft. Cap Rate: 5.50% Land Size: 1.68 Acres Price/SF: $503 Ownership: Fee Simple (Land, Building) Lease Type: Absolute Triple-Net (NNN) Year Built: 2009 Store #: 12811

Lee & Associates is pleased to exclusively offer for sale, the fee simple interest (land & building) in a Walgreens property located in Flowery Branch, GA and within the Atlanta MSA (the “Property”). Built in 2009, the Property consists of a 14,550-square- foot retail building that sits on an approximately 1.68-acre parcel. The building is leased to Walgreens Co. who is owned by parent company Walgreens Boots Alliance, Inc. (NYSE: WBA) Walgreens Boots Alliance, Inc. is currently the largest retail pharmacy in the US and Europe, with 13,200 stores in over 11 countries and an impressive $50B market CAP. Walgreens Co. also carries an investment grade credit rating of “BBB” from Standard & Poor’s. The subject property is located on the hard corner signalized intersection of Spout Springs Rd & Hog Mountain Rd (combined 19,000+ CPD), across from the site of a new McDonald’s and the Stonebridge Village Shopping Center. This large power center is co-anchored by Target and Home Depot and includes additional national tenants such as TJ Maxx, Kohl’s, Ross Dress for Less, PetSmart, OfficeMax, and more. Additionally, the Walgreens property is located across from a Publix grocery anchored shopping center offering a strong draw to this site. The subject property is located just a half mile from the on/off ramp to Interstate 395 (67,000+ cars per day), for quick access to/from downtown Gainesville a mere 11 miles to the north, or Atlanta just 44 miles to the south. The site offers strong demographics, with over 60,000 people living within a 5-mile radius of the subject property with an average household income over $95,000, lending well to the tenant’s concept and supporting its continued success. The Walgreens is located just 2 miles from Sterling on the Lake, a 1,000-acre master-planned community that will include approximately 2,000 homes, over 200 acres of open space, 75 acres of lakes, a Village Center, fitness center, and 27-seat movie theater. Additionally, the new 119-acre campus of Northeast Georgia Medical Center just six miles away in Braselton, providing for strong synergy for this tenant. The property is located within Flowery Branch, GA, a city in Hall County, within the Atlanta MSA. Ideally located on Lake Lanier, Flowery Branch is situated just 11 miles from Gainesville and just over 40 miles from Atlanta. Flowery Branch is one of the only Georgia historic downtowns on a lake and is very close to several marinas, including Aqualand, the largest inland marina in the United States. This waterfront access and its location within the Northeast Georgia Mountain region are a large potential draw for outdoor recreational enthusiasts, who come to the area for boating and fishing. Additionally, Flowery Branch has been home to the Atlanta Falcons Training Camp facility since 2005. Situated on 50 acres, with practice fields, training rooms, indoor practice field, meeting facilities, and player lodging, the Atlanta Falcons/Georgia Force headquarters offers the home teams an expansive location to train throughout the year.

WALGREENS | Flowery Branch, GA (Atlanda MSA) | 4 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

Offering Summary • Investment Highlights • Lease Summary & Rent Schedule Lease Abstract

-- INVESTMENT HIGHLIGHTS --

WALGREENS (NYSE: WBA) • INVESTMENT GRADE CREDIT (S&P RATED BBB) • LARGEST RETAIL PHARMACY IN THE U.S. & EUROPE • 13,200 LOCATIONS IN 11 COUNTRIES • $50B+ MARKET CAP The building is leased to Walgreens who is owned by parent company Walgreens Boots Alliance, Inc. (NYSE: WBA). This parent company is currently the largest retail pharmacy in the US and Europe, with 13,200 stores in over 11 countries and an impressive $50B market CAP. Walgreens also carries an investment grade credit rating of “BBB” from Standard & Poor’s. CORPORATE LEASE GUARANTY FROM WALGREENS CO • ABSOLUTE NNN LEASE WITH ZERO LL RESPONSIBILITIES • LONGEST LEASED WALGREENS INVESTMENT AVAILABLE IN THE STATE OF GEORGIA The lease provides an investor with a strong corporate guaranty from Walgreens Co. and has over 15 years of firm lease term remaining. In addition, the lease is absolute triple-net (NNN), where the tenant pays for taxes, insurance, and 100%ofthe maintenance of the land & building. The landlord has zero maintenance responsibilities on this asset and is ideally provided with a steady passive income stream. This location is the longest leased Walgreens investment available in the state of Georgia today. SHADOW ANCHORED BY TWO MAJOR SHOPPING CENTERS (400,000 SF) • TENANTS INCLUDE TARGET, HOME DEPOT, PUBLIX, ROSS, TJ MAXX, KOHL’S • HARD CORNER SIGNALIZED INTERSECTION The subject property is located on the hard corner signalized intersection of Spout Springs Rd & Hog Mountain Rd (combined 19,000+ CPD), across from a new McDonald’s and the Stonebridge Village Shopping Center. This large power center is co-anchored by Target and Home Depot and includes additional national tenants such as TJ Maxx, Kohl’s, Ross Dress for Less, PetSmart, OfficeMax, and more. Additionally, the Walgreens is located across from a Publix grocery anchored shopping center offering a strong draw to this site. LESS THAN HALF A MILE FROM INTERSTATE 985 (67,000+ CPD) • JUST 44 MILES FROM ATLANTA The subject property is located just a half mile from the on/off ramp to Interstate 395 (67,000+ cars per day), for quick access to/ from downtown Gainesville a mere 11 miles to the north, or Atlanta just 44 miles to the south. STRONG SURROUNDING DEMOGRAPHICS • AVERAGE HH INCOME OVER $95,000 • CLOSE TO NEW STERLING ON THE LAKE MASTER-PLANNED COMMUNITY The site offers strong demographics, with over 60,000 people living within a 5-mile radius of the subject property with an average household income over $95,000, lending well to the tenant’s concept and supporting its continued success. The Walgreens is just 2 miles from Sterling on the Lake, a 1,000-acre master-planned community that will include approximately 2,000 homes, over 200 acres of open space, 75 acres of lakes, a Village Center, fitness center, and 27-seat movie theater. Additionally, the new 119-acre campus of Northeast Georgia Medical Center just six miles away in Braselton, providing for strong synergy for this tenant. FLOWERY BRANCH: HOME OF THE ATLANTA FALCONS • LOCATED NEAR LAKE LANIER • STRONG TOURISM DRAW • DESIRABLE ATLANTA MSA The property is located in Flowery Branch, GA, a city in Hall County, within the Atlanta MSA. Ideally located on Lake Lanier, Flowery Branch is situated just 11 miles from Gainesville and just over 40 miles from Atlanta. Flowery Branch is one of the only Georgia historic downtowns on a lake and is very close to several marinas, including Aqualand, the largest inland marina in the United States. This waterfront access and its location within the Northeast Georgia Mountain region are a large potential draw for outdoor recreational enthusiasts, who come to the area for boating and fishing. It’s estimated that there are over seven million visitors to the lake annually, all of whom are exploring the beauty of the North Georgia region and the recreational opportunities available. Additionally, Flowery Branch has been home to the Atlanta Falcons Training Camp facility since 2005. Situated on 50 acres, with practice fields, training rooms, indoor practice field, meeting facilities, and player lodging, the Atlanta Falcons/Georgia Force headquarters offers the home teams an expansive location to train throughout the year.

WALGREENS | Flowery Branch, GA (Atlanda MSA) | 5 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

Offering Summary Investment Highlights • Lease Summary & Rent Schedule • Lease Abstract

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

LEASE INFORMATION LEASE TERM

TENANT: Walgreens TERM START DATE END DATE NOI/YR NOI/MO NOI/SF/YR

GUARANTOR: Walgreen Co. (Corporate) Years 1 - 25 2/1/2010 1/31/2035 $403,000.00 $33,583.33 $27.70

BUILDING SIZE: 14,550 Sq. Ft. TERMINATION OPTIONS * Years 26 - 75 2/1/2035 1/31/2085 $403,000.00 $33,583.33 $27.70 LOT SIZE: 1.68 Acres

RENT COMMENCEMENT: February 1, 2010

LEASE EXPIRATION: January 31, 2085

BASE LEASE TERM: 75 Years (~15.5 Years Remaining of Firm Lease Term) Tenant may terminate February 1, 2035 with twelve (12) OPTIONS TO TERMINATE: months notice (see “Termination Option” in Lease Ab- stract on pg 7) LEASE TYPE: Absolute Triple-Net (NNN)

LANDLORD RESPONSIBILITIES: None

ANNUAL RENT: $403,000

TENANT SALES REPORTING: YES - Contact Broker for Details

WALGREENS | Flowery Branch, GA (Atlanda MSA) | 6 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

Offering Summary Investment Highlights Lease Summary & Rent Schedule • Lease Abstract •

-- LEASE ABSTRACT --

Landlord covenants and agrees that, during the Term and any extensions or renewals thereof, no additional property which Landlord, directly or indirectly, may now or hereafter own, lease or control, and which is contiguous to, or which is within five hundred (500) feet of any boundary of, the Leased Premises (the “landlord’s Property”), will be used for any one or combination of the following: (i) the operation of a drug store or a so-called prescription pharmacy or prescription ordering, processing or delivery facility, whether or not a pharmacist is present at such facility, or for any other purpose requiring a qualified pharmacist or other person authorized by law to dispense medicinal drugs, directly or indirectly, for a fee or remuneration of any kind; (ii) the operation Exclusivity: of a medical diagnostic lab or the provision of treatment services (other than as part of a medical, dental, physician, surgical or chiropractic ottice[s], which office[s] shall not be restricted by this subclause [ii]); (iii) the sale of so-called health and beauty aids or drug sundries; (iv) the operation of a business in which photofinishing services (including, without limitation, digital photographic processing or printing, or the sale of any other imaging services, processes or goods) or photographic film are offered for sale; (v) the operation of a business in which greeting cards or gift wrap are offered for sale; and (vi) the operation of a business in which prepackaged food items for off premises consumption are offered for sale (other than a carry-out restaurant). Tenant shall pay, when due and before delinquency, the ad valorem real estate taxes (including all special benefit taxes and special assessments) levied and assessed against the Leased Premises, Property Taxes: commencing with the first day of the Term and continuing for the remainder of the Term. Landlord Maintenance & Repairs: None

Tenant Maintenance & Repairs: Tenant. at Tenant’s sole cost and expense, shall maintain the Leased Premises and make all necessary repairs and replacements, whether Interior or exterior, to all parts of the same.

Commencing with the Possession Date and continuing until the last day of the three hundredth (300th) full calendar month of the Term, Tenant shall carry special form coverage insurance covering the Building and the other improvements on the Leased Premises to the extent of not less than 100% of replacement value, with companies which are authorized to do business in the State in which the Leased Premises is located and are governed by the regulatory authority which establishes maximum rates in the vicinity. Insurance: Commencing with the first day of the three hundred first (301 st) full calendar month of the Term, such coverage shall be on an actual cash value basis. Tenant shall also procure and continue in effect public liability and property damage insurance with respect to the operation of the Leased Premises. Such public liability insurance shall cover liability and property damage for death or bodily injury in any one accident, mishap or casualty in a combined single limit sum of not less than$2,000,000.00. Tenant shall pay when due all bills for water, sewer rents, sewer charges, heat, gas and electricity used in the Building or on the Leased Premises from and after the Possession Date until the Utilities: expiration of the Term. Tenant shall have the right and option, at Tenant’s election, to terminate this Lease effective as of the last day of the three hundredth (300th) full calendar month of the Term, or effective as of Termination Option: the last day of any month thereafter. If Tenant shall elect to exercise any such option, Tenant shall send notice thereof to Landlord, at least twelve {12) months prior to the date this Lease shall so terminate, but no notice shall be required to terminate this Lease upon the expiration of the Term. In the event that Landlord shall receive a Bona Fide Offer to purchase the Leased Premises at any time and from time to time on or after the date hereof and during the Term of this Lease or any extensions thereof from any person or entity, Landlord shall so notify Tenant (Attn.: Real Estate Law Department) together with a true and correct copy of said Bona Fide Offer. For purposes hereof, Right of First Refusal: a “Bona Fide Offer” shall be deemed to be one made in writing by a person or entity that is not related to or affiliated with Landlord which Landlord intends to accept (subject to this Article 25). In submitting the Bona Fide Offer to Tenant, Landlord shall segregate the price and the terms of the offer for the Leased Premises from the price and other terms connected with any additional prop- erty or properties that such person or entity is offering to purchase from Landlord, such that Tenant may purchase the Leased Premises separate from any such additlonal property or properties. During the Term of the Lease, Landlord and Tenant agree to execute and deliver to the other within thirty (30) days after receipt of such request, an estoppel certificate in forrn and substance acceptable to the party issuing such certificate, which certificate may Include information as to any modification of this Lease, dates of commencement of Term and the termination date of this Lease, and to the best of Landlord’s or Tenant’s knowledge, whether or not Landlord or Tenant is in default of this Lease. Commencing on the thirteenth (13th) month of the Term and prior to the Estoppel Certificate/Administrative issuance of any such estoppel certificate by Tenant, Landlord shall pay to Tenant an administrative charge in an amount equal to Five Hundred Dollars ($500.00). Notwithstanding the foregoing, the Fee: aforementioned administrative charge shall not be charged to Landlord in connection wrth the conveyance by Capstone Hog Mountain LLC of its fee title to the Leased Premises and assignment of its interest in this Lease to a successor landlord. However, any subsequent conveyance of fee title to the Leased Premises by any party shall give rise to payment of the administrative fee as set forth herein. Sales Reporting Tenant is not required to report sales. Contact Broker for details.

WALGREENS | Flowery Branch, GA (Atlanda MSA) | 7 EXECUTIVE SUMMARY

FLOWERY BRANCH, GA (ATLANTA MSA)

WALGREENS | Flowery Branch, GA (Atlanda MSA) | 8 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

• Location Maps • Property Photos Neighboring Tenants Competition Map Aerials

-- LOCATION MAPS --

ASHEVILLE ORLANDO

CHATTANOOGA GAINESVILLE

MERCHANTS WALK

Lee Gilmer23 Memorial Airport GAINESVILLE ROME University of STONEBRIDGE VILLAGE North Georgia- Gainesville 44 Miles ATHENS OAKWOOD ATLANTA 365

ANNISTON COLLEGE SQUARE PEACHTREE CITY Lake Lanier Subject FLOWERY Property BRANCH LAGRANGE 23

MACON VILLAGE SHOPS

WARNER ROBINS COLUMBUS

To Atlanta 44 Miles

WALGREENS | Flowery Branch, GA (Atlanda MSA) | 9 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

Location Maps • Property Photos • Neighboring Tenants Competition Map Aerials

-- PROPERTY PHOTOS --

Subject Property from Utica Ave

Overhead View Property from Across Utica Ave Entrance from Parking Lot

WALGREENS | Flowery Branch, GA (Atlanda MSA) | 10 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

Location Maps Property Photos • Neighboring Tenants • Competition Map Aerials

-- PUBLIX ANCHORED CENTER ACROSS THE STREET --

WALGREENS | Flowery Branch, GA (Atlanda MSA) | 11 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

Location Maps Property Photos • Neighboring Tenants • Competition Map Aerials

-- STONEBRIDGE VILLAGE SHOPPING CENTER -- (Located Adjacent to Subject Property)

Home Depot

Target

WALGREENS | Flowery Branch, GA (Atlanda MSA) | 12 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

Location Maps Property Photos • Neighboring Tenants • Competition Map Aerials

-- STONEBRIDGE VILLAGE SHOPPING CENTER -- (Located Adjacent to Subject Property)

Kohl’s Department Store

Ross Dress For Less TJ Maxx OfficeMax / PetSmart

WALGREENS | Flowery Branch, GA (Atlanda MSA) | 13 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

Location Maps Property Photos Neighboring Tenants • Competition Map • Aerials

3 MILE RADIUS -- PHARMACY COMPETITION MAP --

SUBJECT PROPERTY

WALGREENS | Flowery Branch, GA (Atlanda MSA) | 14 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

Location Maps Property Photos Neighboring Tenants Competition Map • Aerials •

-- OVERHEAD VIEW -- HOG MOUNTAIN RD (3,300 CPD)

ACCESS

SPOUT SPRINGS RD (16,000 CPD)

ACCESS

WALGREENS | Flowery Branch, GA (Atlanda MSA) | 15 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

Location Maps Property Photos Neighboring Tenants Competition Map • Aerials • • ELITE EXHIBITS • FAE USA • KING’S HAWAIIAN • JUNSUNG GEORGIA • ATLANTA METRO LUMBER • ALBAFORM, INC. GAINESVILLE -- LOOKING NORTH -- • CLIPPER PETROLEUM • ZEBRA TECHNOLOGIES CORP • CAPITAL LIGHTING FIXTURE • MENCOM CORP • APPLIED INDUSTRIAL TECHNOLOGIES • FALCON PACKAGING ATLANTA FALCONS TRAINING CAMP SKF USA • HOLLIS LOGISTICS WRIGLEY FOODS • PEERLESS-WINSMITH • GEORGA MTN FOOD BANK FLOWERY BRANCH TREE PARK HIGH SCHOOL APARTMENTS

67,000 CPD

PARKWAY MINI STORAGE

0.60 AC AVAILABLE HOG MOUNTAIN RD (3,300 CPD) COMING SOON

SPOUT SPRINGS RD (16,000 CPD) COMBINED 19,000+ CPD

SPOUT SPRINGS RD (7,000 CPD)

WALGREENS | Flowery Branch, GA (Atlanda MSA) | 16 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

Location Maps Property Photos Neighboring Tenants Competition Map • Aerials •

-- LOOKING EAST --

GRANDVIEW ESTATES CHESTNUT MOUNTAIN ELEMENTARY SCHOOL

CHURCH OF JESUS CHRIST OF LATTER DAY SAINTS

THE GODDARD SCHOOL OF FLOWERY BRANCH

HOG MOUNTAIN RD (3,300 CPD)

PARKWAY MINI STORAGE

SPOUT SPRINGS RD (16,000 CPD)

COMING SOON COMBINED 19,000+ CPD

WALGREENS | Flowery Branch, GA (Atlanda MSA) | 17 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

Location Maps Property Photos Neighboring Tenants Competition Map • Aerials •

LAWRENCEVILLE -- LOOKING SOUTH -- DACULA ARGOS CONCRETE FACTORY STERLING ON THE LAKE COMMUNITY 190 ACRES 2,000 HOMES

HOG MOUNTAIN RD (3,300 CPD)

THE GODDARD SCHOOL SPOUT SPRINGS RD (16,000 CPD) OF FLOWERY BRANCH COMBINED 19,000+ CPD

0.60 AC COMING SOON AVAILABLE

PARKWAY MINI STORAGE

HOG MOUNTAIN RD (3,300 CPD)

WALGREENS | Flowery Branch, GA (Atlanda MSA) | 18 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

Location Maps Property Photos Neighboring Tenants Competition Map • Aerials •

-- LOOKING WEST -- MARGARITAVILLE AT LANIER ISLANDS Lake Lanier

FLOWERY BRANCH

MULBERRY VILLAGE

THURMAN TANNER PKWY 67,000 CPD

SPOUT SPRINGS RD (16,000 CPD)

0.60 AC AVAILABLE

COMBINED COMING SOON PARKWAY MINI 19,000+ CPD STORAGE HOG MOUNTAIN RD (3,300 CPD)

SPOUT SPRINGS RD (16,000 CPD)

WALGREENS | Flowery Branch, GA (Atlanda MSA) | 19 TENANT OVERVIEW

FLOWERY BRANCH, GA (ATLANTA MSA)

WALGREENS | Flowery Branch, GA (Atlanda MSA) | 20 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

• About Walgreens Boots Alliance •

-- WALGREENS BOOTS ALLIANCE --

COMPANY OVERVIEW Walgreens Boots Alliance (Nasdaq: WBA) is the first global pharmacy-led, health Company: Walgreens Boots Alliance and wellbeing enterprise. The Company’s heritage of trusted healthcare services through community pharmacy care and pharmaceutical wholesaling dates back Founded: 1901 more than 100 years. S&P Credit Rating: BBB Sales Revenue: $118.2 Billion Walgreens Boots Alliance is the largest retail pharmacy, health and daily living destination across the U.S. and Europe. Walgreens Boots Alliance andits Net Income: $4.1 Billion companies together have a presence in more than 25* countries and employ Total Assets: $66 Billion more than 385,000* people. The Company is a global leader in pharmacy-led, Stores: 14,500 health and wellbeing retail and, together with the companies in which it has Employees: 385,000 equity method investments, has approximately 14,500 stores in 11* countries Headquarters: Deerfield, IL as well as one of the largest global pharmaceutical wholesale and distribution networks, with more than 390* distribution centers delivering to more than Website: www.walgreensbootsalliance.com 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. 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, Duane Reade, Boots and Alliance Healthcare, 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. Walgreens had been in merger talks with Rite Aid since 2015. In June of 2017, the pharmacies announced the merger was off however Walgreens will acquire over 2,100 Rite Aid locations. 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 August 31, 2017 ** As of June 28, 2018 *** For the 12 months ending August 31, 2017

WALGREENS | Flowery Branch, GA (Atlanda MSA) | 21 AREA OVERVIEW

FLOWERY BRANCH, GA (ATLANTA MSA)

WALGREENS | Flowery Branch, GA (Atlanda MSA) | 22 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

• Flowery Branch Overview • Atlanta Overview Demographics

-- FLOWERY BRANCH -- Flowery Branch is a city in Hall County, Georgia. It is part of the Gainesville metropolitan area, which is also part of the larger Atlanta- Sandy Springs-Gainesville, Georgia Combined Statistical Area, the most populous metro area in the US state of Georgia and the ninth- largest metropolitan statistical area (MSA) in the United States, with an estimated 2018 population of nearly 6 million residents. Located on Lake Lanier and just over forty miles from Atlanta, Flowery Branch has maintained a picturesque historic downtown. Recent investment, including streetscape improvements and a revitalized train depot, is beginning to revitalize the downtown area, known as “Old Town.” Many of the original buildings in the historic central business district still exist and have been rehabilitated and repurposed. Old Town’s location on the lake is unique. Flowery Branch’s is one of the only Georgia historic downtowns on a lake. It is very close to several marinas, including Aqualand, the largest inland marina in the United States. This waterfront access and its location within the Northeast Georgia Mountain region are a large potential draw for outdoor recreational enthusiasts, who come to the area for boating and fishing. Flowery Branch has been home to the Atlanta Falcons Training Camp facility since 2005. Situated on 50 acres, with practice fields, training rooms, indoor practice field, meeting facilities, and player lodging, the Atlanta Falcons/Georgia Force headquarters offers the home teams an expansive location to train throughout the year.

Flowery Branch has seen expansive growth and new development:

• Sterling on the Lake is a 1,000 acre master-planned community that will include approximately 2,000 homes, over 200 acres of open space, 75 acres of lakes, a Village Center, fitness center, and 27-seat movie theater.

• The 119-acre campus of Northeast Georgia Medical Center just six miles away in Braselton is a 100-bed hospital that brings services modeled around the programs of excellence at NGMC Gainesville – Georgia’s #1 Hospital (CareChex®) – to the nearby AQUALAND Braselton community just six miles from Flowery Branch. The 119-acre campus is also home to Medical Plaza B, which houses several specialty physician offices, a resource MARINA center and cardiopulmonary rehabilitation, and Medical Plaza 1, which houses an urgent care center, imaging center, endoscopy suite, outpatient lab and therapy services and more than 20 physician offices.. Regionally speaking, Flowery Branch’s proximity—just 11 miles— to downtown Gainesville and only 45 minutes from Atlanta make it an option for people employed in either city. This location, combined with a walkable downtown of small blocks, make Flowery Branch ideal both for young families and for people interested in aging in place.

WALGREENS | Flowery Branch, GA (Atlanda MSA) | 23 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

Flowery Branch Overview • Atlanta Overview • Demographics

-- ATLANTA OVERVIEW --

is the capital of, and the most populous city in, the state of Georgia. With an estimated 2017 population of 486,290, it is the 39th most-populous city in the United States. The city serves as the cultural and economic center of the Atlanta metropolitan area, which is home to nearly 5.9 million people and the fifth-largest population in the nation. It is projected that metro Atlanta’s population will reach over 8 million by 2020. Although traditional Southern culture is part of Atlanta’s cultural fabric, it’s mostly the backdrop to one of the nation’s leading international cities. This unique cultural combination reveals itself at the High Museum of Art, the bohemian shops of Little Five Points, and the multi-cultural dining choices found along Buford Highway. Atlanta also hosts a variety of history museums and attractions, including the Atlanta History Center and the Martin Luther King, Jr. National Historic Site. ATLANTA’S ECONOMY 10TH-LARGEST IN THE COUNTRY • HOME TO 3RD LARGEST CONCENTRATION OF FORTUNE 500 COMPANIES With a GDP of $385 billion, the Atlanta metropolitan area’s economy is the tenth-largest in the country and among the top 20-largest in the world. Corporate operations play a major role in Atlanta’s economy, as the city claims the nation’s third-largest concentration of Fortune 500 companies. It also hosts the global headquarters of corporations like The Coca-Cola Company, The Home Depot, Delta Air Lines, AT&T Mobility, Chick-fil-A, and UPS. Over 75% of Fortune 1000 companies conduct business operations in the city’s metro area, and the region hosts offices of over 1,250 multinational corporations. Atlanta’s economy saw 2.3% job growth in 2017 and is projected to see 1.4% annually going forward. Unemployment is down, home prices and incomes are up, and it’s become a top city for new businesses and a burgeoning influx of new companies and job seekers. Major corporations are moving here, such as Anthem, Honeywell, GE Digital, Athena Health, NCR, and Global Payments, opening head- quarters and bringing jobs by the thousands. With initiatives such as Invest Atlanta, ATL In Business, and Welcoming Atlanta, the city is creating new opportunities to the city that could create up to 1.9 million new jobs by 2040.

ATLANTA’S ECONOMY 10TH-LARGEST IN THE COUNTRY • HOME TO 3RD LARGEST CONCENTRATION OF FORTUNE 500 COMPANIES • NEWER SECTORS INCLUDE MEDIA, INFORMATION TECHNOLOGY, FILM/TV PRODUCTION Logistics has been a major component of the city’s economy, and the city serves as an important rail junction and contains major classification yards for Norfolk Southern and CSX. In September of this year, Norfolk Southern strongly indicated it was getting ready to move its corporate headquarters to Atlanta, citing the “skill set” of the people in Atlanta and noting Atlanta’s busy Hartsfield-Jackson Airport as a huge factor.View press release here. # rd # Media is an important aspect of Atlanta’s economy. In fact, the city is even a major cable television programming center. Ted Turner established the headquarters of both the Cable News Network (CNN) and the Turner Broadcasting System (TBS) in the city. Cox Enterprises, the nation’s third- 1 3 1 largest cable television service and the publisher of over a dozen American newspapers, is headquartered in the city, and the Weather Channel is Metro Area for Most Most-Traveled Airport headquartered just outside of Atlanta in suburban Cobb County. LOWEST COST OF FORTUNE 500 HARTSFIELD-JACKSON Information technology—a business sector that includes publishing, software development, entertainment and data processing—has garnered a DOING BUSINESS COMPANY HEADQUARTERS ATLANTA INT’L AIPORT larger percentage of Atlanta’s economic output. Atlanta has, indeed, been nicknamed the “Silicon peach” thanks to its burgeoning technology sec- tor. As of 2013, Atlanta contains the fourth-largest concentration of information technology jobs in the US, numbering 85,000+. Information tech- nology companies are drawn to Atlanta’s lower costs and educated workforce. # Recently, Atlanta has been a center for film and television production, largely because of the Georgia Entertainment Industry Investment Act, which awards qualified productions a transferable income tax credit of 20% of all in-state costs for film and television investments of $500,000 or 1.9 3 more. Film and television production facilities based in Atlanta include Turner Studios, Pinewood Studios (Pinewood Atlanta), Tyler Perry Studios, Forecasted Market for Williams Street Productions, and the EUE/Screen Gems soundstages. Film and television production injected $9.5 billion into Georgia’s economy JOBS TO BE EDUCATIONAL in 2017, with Atlanta garnering most of the projects. As a result, in 2018, Atlanta has emerged as one of the all time most popular destinations for CREATED BY 2040 ATTAINMENT film production globally.

WALGREENS | Flowery Branch, GA (Atlanda MSA) | 24 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

Flowery Branch Overview • Atlanta Overview • Demographics

-- ATLANTA OVERVIEW --

TRANSPORTATION HUB FOR RAIL, AIR, LOGISTICS • HIGHWAY CONNECTIVITY DRIVING COMMERCE • BUSIEST NEW $800M I-285/GA SR 400 INTERCHANGE PROJECT TO EASE CONGESTION AIRPORT IN THE WORLD With Atlanta’s growth the region has seen an increase in traffic congestion. To resolve some of the traffic woes, Six interstate highways—I-20, I-75, I-85, I-285, I-575, and I-675—not only enable Atlanta residents to get to and Georgia state transportation officials have broken ground on the $800M project at I-285 and Georgia 400. The massive from where they need to go, but connect the state to the rest of the nation. These highways have helped fuel urban project will be divided into two components, the reconfiguration of the interchange itself and the construction of expansion, first around the northern I-285 perimeter and I-75 and I-85 north of the city. Growth has since then moved collector-distributor lanes along both highways. The project will improve 4.3 miles I-285 and 6.2 miles along GA 400. toward the southern part of the perimeter, following I-20 both east and west, as well as I-75 and I-85 south. This Construction began on the project in 2016 and is expected to take four years. View press release here. expansion in turn stimulated growth in traffic volume that prompted the interstate highway expansion and rebuilding projects that continue to this day to make Atlanta as accessible as possible to residents, commuters and visitors. Atlanta started as a railroad town, and logistics has been a major component of the city’s economy to this day. Atlanta serves as an important rail junction and contains major classification yards for Norfolk Southern and CSX. In September of this year, Norfolk Southern strongly indicated it was getting ready to move its corporate headquarters to Atlanta, citing the “skill set” of the people in Atlanta and noting Atlanta’s busy Hartsfield-Jackson Airport as a huge factor. View press release here. Hartsfield–Jackson Atlanta International Airport has served as a key engine of the city’s economic growth. Delta Air Lines, the city’s largest employer and the metro area’s third-largest, operates the world’s largest airline hub at Hartsfield-Jackson, and it has helped make it the world’s busiest airport, in terms of both passenger traffic and aircraft operations. Partly due to the airport, Atlanta has been also a hub for diplomatic missions; as of 2017, the city contains 26 consulates general, the seventh-highest concentration of diplomatic missions in the US. (See more on Hartsfield-Jackson Airport on next page.)

THE ATLANTA BELTLINE: AMONG THE LARGEST URBAN DEVELOPMENT PROGRAM IN THE UNITED STATES

The Atlanta BeltLine is a sustainable redevelopment project that is CLICK HERE TO ENLARGE IMAGE transforming the city. It will ultimately connect 45 intown neighborhoods via a 22-mile loop of multi-use trails, modern streetcar, and parks – all based on railroad corridors that formerly encircled Atlanta. When completed, it will provide first and last mile connectivity for regional transportation initiatives and put Atlanta on a path to 21st century economic growth and sustainability. In order to support and fully realize the vision of 22 miles of a more connected Atlanta, the Atlanta BeltLine also supports affordable workforce TOP EDUCATION CENTER • EDUCATED WORKFORCE PROVIDES BUSINESSES WITH TALENT, INNOVATION housing, economic development, job creation, public health, streetscapes, Atlanta is considered to be an important hub for educated talent with nearly 50% of the population achieving a public art, environmental clean-up, and historic preservation – all with Bachelor’s Degree or higher.. With 60+ colleges and universities located in the Metro Atlanta area, the region offers an eye towards sustainability. Two organizations – Atlanta BeltLine, Inc. businesses a skilled workforce that fuels the diverse economy with talented and innovative employees. and The Atlanta BeltLine Partnership – work together with countless partner organizations across the city, region, state, and country to bring The Georgia Institute of Technology is one of the most prominent public universities in the nation; it is a major the program to life. research university located in Midtown that consistently ranks among the nation’s top ten public universities for its degree programs in engineering, computing, management, the sciences, architecture, and liberal arts. The Atlanta BeltLine is the most comprehensive transportation and economic development effort ever undertaken in the City of Atlanta and Georgia State University is a major public research university located in Downtown Atlanta; it is the largest of the 29 among the largest, most wide-ranging urban redevelopment programs VISIT WWW.BELTLINE.ORG FOR MORE public colleges and universities in the University System of Georgia and is a significant contributor to the revitalization INFORMATION ON THE ATLANTA BELTLINE currently underway in the United States. of the city’s central business district.

WALGREENS | Flowery Branch, GA (Atlanda MSA) | 25 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

Flowery Branch Overview • Atlanta Overview • Demographics

-- Hartsfield-Jackson Airport --

Hartsfield-Jackson Atlanta International Airport is the busiest and most efficient airport ATLNext is the Airport’s new capital improvement plan, a 20-year blueprint for in the world and, by some accounts, the best in North America. ATL is the economic jewel growth that will further solidify Hartsfield-Jackson as a beacon of economic of Georgia, generating a $34.8 billion economic impact for metro Atlanta and providing strength and customer service in Georgia – and beyond. It consists of a series more than 63,000 jobs on-site, making it the state’s largest employer. of projects designed to boost capacity, renew and replace existing facilities, and enhance ATL’s aesthetic appeal. Hartsfield-Jackson is a global gateway, offering nonstop service to more than 150 domestic and 70 international destinations. These locales include major commercial centers in Europe, Asia, the Caribbean, Africa, and South and Central America. ATL These projects, which fall under six general areas, will further bolster the Airport’s goal to provide the best also holds the distinction of being the first airport in the world to serve more than 100 million passengers in a single year. possible customer service while meeting passengers’ changing needs. In many ways, Hartsfield-Jackson is more than an airport. It’s also a destination. ATL’s award-winning concessions program features more than 300 commercial venues meeting guests’ shopping, dining and service needs. And its art program integrates permanent and rotating exhibits and musical performances into the fabric of the guest experience. Revamping the WORLD’S BUSIEST AIRPORT • AWARD WINNING FOR EFFICIENCY, CONCESSIONS, SAFETY Central Passenger □□ World’s Busiest Airport – 20th year – Airports Council International Terminal Complex □□ Global Efficiency Excellence Award – 14th year – Air Transport Research Society □□ Airport Safety Mark of Distinction – FAA Southern Region Airports Division □□ Best Airport Dining Award – Global Travel Magazine □□ Excellence in Airport Concessions (2nd Place) – Airports Council International □□ Favorite Airport in North America – Trazee Travel Replacing North & South Domestic New 4-Star Hotel, Mixed-Use □□ Favorite Airport Dining – Trazee Travel Parking Decks Development with Office Space, □□ Association of Energy Engineers fellow designation (Charles Marshall) and a Travel Plaza.

Expanding Cargo Facilities & Operations

Upgrades to Support Facilities: Fire Station, Staging Areas, Maintenance Facilities

Upgrades to Accommodate Increased Air Traffic & Ground Operations

WALGREENS | Flowery Branch, GA (Atlanda MSA) | 26 SUMMARY PROFILE 2000-2010 Census, 2019 Estimates with 2024 Projections Calculated using Weighted Block Centroid from Block Groups

Lat/Lon: 34.1769/-83.9087 RS1 5963 Spout Springs Rd 1 mi radius 3 mi radius 5 mi radius SUMMARYFlowery Branch, PROFILE GA 30542 EXECUTIVE SUMMARY PROPERTY INFORMATION 2000-20102019 Census, Estimated TENANT2019 Population Estimates OVERVIEW with 2024 Projections AREA0 T OVERVIEW3,381 23,525 60,257 Calculated using Weighted Block Centroid from Block Groups 2024 Projected Population 0 T 3,606 25,165 64,410 Flowery Branch Overview Atlanta Overview • Demographics • 2010 Census Population 0 T 3,059 20,017 51,667

Lat/Lon:2000 34.1769/-83.9087 Census Population 0 T 1,204 12,536 34,423 -- DEMOGRAPHICS -- RS1 Projected Annual Growth 2019 to 2024 - 1.3% 1.4% 1.4%

5963POPULATION SpoutHistorical Springs Annual Growth Rd 2000 to 2019 - 9.5% 4.6% 3.9% 1 mi radius 3 mi radius 5 mi radius Flowery2019 Branch, Median Age GA 30542 1 32.3Mile 3 Miles 37.6 5 Miles 38.2 2019 Estimated PopulationHouseholds 0 T 3,3811,411 23,525 8,637 60,25721,895 POPULATION SNAPSHOT 2024 Projected PopulationHouseholds 0 T 3,6061,486 25,165 9,095 64,41023,034 • There are over 2.24 million people living within a 30-mile radius of Flowery Branch. 2010 Census PopulationHouseholds 0 T 3,0591,227 20,017 7,107 51,66718,158 • Flowery Branch is located within the Georgia Combined Statistical Area, the most 2000 Census PopulationHouseholds 0 T 1,204422 12,536 4,462 34,42312,235 populous metro area in the US state of Georgia and the ninth-largest metropolitan Projected Annual Growth 2019 to 2024 - 1.3%1.1% 1.4%1.1% 1.4%1.0% statistical area (MSA) in the United States, with an estimated 2018 population of HOUSEHOLDS POPULATION nearly 6 million residents. POPULATION Historical Annual Growth 2000 to 2019 - 12.3%9.5% 4.6%4.9% 3.9%4.2% • The median age in the Flowery Branch area is 35.3, which is lower than Georgia’s 2019 MedianEstimated Age White - 78.0%32.3 82.9% 37.6 80.2% 38.2 median age of 38 and the US median age of 37.4. 2019 Estimated HouseholdsBlack or African American 0 T- 12.5%1,411 8,637 7.1% 21,895 7.4% 20242019 ProjectedEstimated HouseholdsAsian or Pacific Islander 0 T- 1,4862.8% 9,095 2.8% 23,034 3.3% 20102019 CensusEstimated Households American Indian or Native Alaskan 0 T- 1,2270.4% 7,107 0.3% 18,158 0.3% - 6.3% 6.9% 8.8% HOUSING SNAPSHOT AND RACE ETHNICITY 20002019 CensusEstimated Households Other Races 0 T 422 4,462 12,235 - 15.0% 13.5% 15.9% • The median property value in Flowery Branch was $201,700 in 2017, a 14.8% increase Projected2019 Estimated Annual Hispanic Growth 2019 to 2024 - 1.1% 1.1% 1.0% HOUSEHOLDS HOUSEHOLDS from the year prior. Historical2019 Estimated Annual Average Growth Household2000 to 2019 Income $0 T- $74,84912.3% $92,186 4.9% $95,400 4.2% • Georgia’s homeownership rate rose 8.2% from Q2 2016 to Q1 2018. The current rate 2019 Estimated WhiteMedian Household Income $0 T- $64,22678.0% $77,113 82.9% $77,706 80.2% stands at 66.3%, above the national average of 64.2%.

INCOME 2019 Estimated BlackPer Capita or African Income American $0 T- $31,39812.5% $33,875 7.1% $34,732 7.4% • There are approximately 2,810 households in Flowery Branch. 2019 Estimated ElementaryAsian or Pacific (Grade Islander Level 0 to 8) - 4.4%2.8% 4.3%2.8% 5.6%3.3% 2019 Estimated SomeAmerican High Indian School or (GradeNative AlaskanLevel 9 to 11) - 5.4%0.4% 5.8%0.3% 7.3%0.3% - 23.3%6.3% 26.4% 6.9% 26.5% 8.8% RACE AND RACE ETHNICITY 2019 Estimated HighOther School Races Graduate

ECONOMY SNAPSHOT warranty. or representation without provided is herein information The reliable. be to deemed sources government and private from data using produced was report This RACE & ETHNICITYRACE 2019 Estimated HispanicSome College - 15.0%20.0% 13.5%23.5% 15.9%22.1% • The Median Household Income in Flowery Branch in 2017 was $65,500, which is 2019 Estimated Associates Degree Only - 7.4% 8.6% 8.7% (AGE 25+) 2019 Estimated Average Household Income $0 T $74,849 $92,186 $95,400

approximately 14.2% higher than the state median of $56,183. EDUCATION 2019 Estimated Bachelors Degree Only - 25.8% 19.4% 18.5% • From 2016 to 2017, employment in Flowery Branch, GA grew at a rate of 13.3%, from 2019 Estimated Median Household Income $0 T $64,226 $77,113 $77,706 2019 Estimated Graduate Degree - 13.7% 11.9% 11.4% INCOME

3.29k employees to 3.73k employees. INCOME 2019 Estimated Per Capita Income $0 T $31,398 $33,875 $34,732

2019 Estimated ElementaryTotal Businesses (Grade Level 0 to 8) 0 T- 4.4%149 4.3%706 1,902 5.6% 2019 Estimated TotalSome Employees High School (Grade Level 9 to 11) 0 T- 1,7115.4% 7,890 5.8% 20,025 7.3% 2019 Estimated EmployeeHigh School Population Graduate per Business - 23.3%11.5 26.4% 11.2 26.5% 10.5 BUSINESS 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 2019 Estimated ResidentialSome College Population per Business - 20.0%22.7 23.5% 33.3 22.1% 31.7 ©2019, Sites2019 USA, Chandler,Estimated Arizona, Associates 480-491-1112 Degree Only page 1 of 1 Demographic- Source: Applied7.4% Geographic Solutions 8.6% 4/2019, TIGER Geography 8.7% (AGE 25+) EDUCATION 2019 Estimated Bachelors Degree Only - 25.8% 19.4% 18.5% 2019 Estimated Graduate Degree - 13.7% 11.9% 11.4% WALGREENS | Flowery Branch, GA (Atlanda MSA) | 27 2019 Estimated Total Businesses 0 T 149 706 1,902 2019 Estimated Total Employees 0 T 1,711 7,890 20,025 2019 Estimated Employee Population per Business - 11.5 11.2 10.5

BUSINESS 2019 Estimated Residential Population per Business - 22.7 33.3 31.7

©2019, Sites USA, Chandler, Arizona, 480-491-1112 page 1 of 1 Demographic Source: Applied Geographic Solutions 4/2019, TIGER Geography EXCLUSIVELY LISTED BY

RYAN BARR RYAN BENNETT Principal Principal BARR&BENNETT NETLEASEDINVESTMENTS 760.448.2446 760.448.2449 A Lee & Associates Team [email protected] [email protected]

Lee & Associates hereby advises all prospective purchasers of Net-Leased Invesment property as follows:

The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Lee & Associates has not and will not verify any of this information, nor has Lee & Associates conducted any investigation regarding these matters. Lee & Associates 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 expressly denies 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 hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this investment property.

BROKER OF RECORD: Lee & Associates Commercial Real Estate Services, Inc.- Atlanta LLC GA Lic# 63454

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 | Flowery Branch, GA (Gainesville) | 28