Walgreens Investment Opportunity 5 Walker Road, Edgewood, NM 87015 Colliers International | New - 5051 Journal Center Blvd Albuquerque, NM 87109 6.49% Cap Rate! INVESTMENT OFFERING | 5 WALKER ROAD, EDGEWOOD, NM 87015

INVESTMENT OVERVIEW

• Absolute Net Investment | Zero Landlord Responsibilities

• Located at 5 Walker Rd in Edgewood, New Mexico 87015 at the SWC of the first lit intersection south of I-40 Freeway Investment Overview • Edgewood is a bedroom community for Albuquerque

• 11 Years Remaining on Initial Term Financial Summary • 6.49% Cap Rate

Tenant Profile • The current annual rent is $275,640. There are ten, five-year renewal options.

• $4,250,000.00 Aerial Locator Map • The subject is comprised of 14,448 square feet of building space with drive-thru and sits on approximately 1.84 Property Images acres of land.

• Nearby | Supercenter, Smith’s Grocery, McDon- Demographics ald’s, Tractor Supply, AutoZone, O’Reilly, , Phillips 66, ...

• Investment Grade Credit | BBB Disclaimer • Walgreens Alliance ranked Fortune Magazine’s No. 5 among food and drugstores and has been listed for the past 22 Contact Information consecutive years.

• Walgreens Boots Alliance ranked 165th on Forbes Global 2,000 largest public companies worldwide.

5 Walker Road | Offering Memorandum 2017 Colliers International COLLIERS INTERNATIONAL | 2 INVESTMENT OFFERING | 5 WALKER ROAD, EDGEWOOD, NM 87015

FINANCIAL INFORMATION

PRICE ...... $4,250,000 CAP RATE ...... 6 49%.

Investment Overview NOI ...... $275,640 .00 GROSS LEASABLE AREA ...... 14,448 SF Financial Summary PRICE/SF ...... $294 16. LOT SIZE ...... 1 .84 Acres Tenant Profile YEAR BUILT ...... 2003

Aerial Locator Map LEASE SUMMARY RENT SCHEDULE

Property Images Lease Type Absolute Net YEARS PERIOD ANNUAL RENT Original Lease Term 25 Years 04/01/2003 - 04/01/2028 Base Term $275,640.00 Demographics Lease Commencement April 1st, 2003 04/02/2028 - 04/01/2033 1st Option $275,640.00 Lease Experiation April 1st, 2028 04/02/2033 - 04/01/2038 2nd Option $275,640.00 Disclaimer Lease Term Remaining 11 Years 04/02/2038 - 04/01/2043 3rd Option $275,640.00 Increases Flat 04/02/2043 - 04/01/2048 4th Option $275,640.00 Contact Information Renewal Options Ten, 5-Year Options 04/02/2048 - 04/01/2053 5th Option $275,640.00 CAM Tenant Responsibility 04/02/2053 - 04/01/2058 6th Option $275,640.00 Real Estate Taxes Tenant Responsibility 04/02/2058 - 04/01/2063 7th Option $275,640.00 Insurance Tenant Responsibility 04/02/2063 - 04/01/2068 8th Option $275,640.00 Reparis & Maintenance Tenant Responsibility 04/02/2068 - 04/01/2073 9th Option $275,640.00 ROFR / ROFO Tenant Has 10 Days to Notify Landlord 04/02/2073 - 04/01/2078 10th Option $275,640.00

5 Walker Road | Offering Memorandum 2017 Colliers International COLLIERS INTERNATIONAL | 3 INVESTMENT OFFERING | 5 WALKER ROAD, EDGEWOOD, NM 87015

TENANT PROFILE

Walgreens is the second largest store chain in the United States. The company operates more than 8,175 stores across all 50 states, the District of Columbia, , and the Virgin Islands. Walgreens was founded in 1901 by Charles Walgreen at the corner of Bowen Ave and Cottage Grove in Investment Overview , IL. Since its founding, it has steadily grown and now has sales in excess of $117 billion.

Financial Summary Walgreens Boots Alliance, Inc is an American that owns Walgreens, Boots, and numerous manufacturing, wholesale, and distribution Tenant Profile companies. This company was formed in December 2015 when Walgreens purchased the remaining shares of Switzerland based . After the mrger, Walgreens became a subsidiary of Walgreens Boots Alliance which Aerial Locator Map trades under the stock ticker WBA on the .

Walgreens is currently in the process of trying to purchase 2,168 Property Images stores for $5.2 billion. The company plans to convert most of the Rite Aid loca- tions to the Walgreens brand which will enable Walgreens to save a consider- able amount of money by cutting costs through its increased economy of scale. Demographics There are no Rite Aid locations in New Mexico.

Disclaimer Tenant’s Trade Name...... Walgreens Boots Alliance, Inc. Trade Name...... Walgreens Contact Information Stock Ticker...... WBA (NASDAQ) Credit Rating ...... BBB Locations...... 8,175+ Year Founded ...... 1901 Headquarters...... Deerfield, IL Website ...... www.walgreens.com

5 Walker Road | Offering Memorandum 2017 Colliers International COLLIERS INTERNATIONAL | 4 INVESTMENT OFFERING | 5 WALKER ROAD, EDGEWOOD, NM 87015

AERIAL LOCATOR MAP

Investment Overview

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5 Walker Road | Offering Memorandum 2017 Colliers International COLLIERS INTERNATIONAL | 5 INVESTMENT OFFERING | 5 WALKER ROAD, EDGEWOOD, NM 87015

PROPERTY PHOTOGRAPHS

Investment Overview

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5 Walker Road | Offering Memorandum 2017 Colliers International COLLIERS INTERNATIONAL | 6 INVESTMENT OFFERING | 5 WALKER ROAD, EDGEWOOD, NM 87015

DEMOGRAPHICS

The Town of Edgewood is one of New Mexico’s newest incorporated comunities; it has only officially been in existence since 1999. Edgewood sits at the mid-point of the historic Route 66, which runs from Chicago to .

As the Town’s name implies, Edgewood is located at the edge of the woods in the Investment Overview Sandia Mountain foothills. Edgewood is literally “where the mountains meet the plains” and is located 20 miles east of Albuquerque along Interstate 40. The Town sits at the intersections of I-40, Old US Route 66, and New Mexico State Road 344. Financial Summary The town encompasses approximately 44 square miles of property located in southern Santa Fe, eastern Bernalillo, and northwestern Torrance Counties. A new Tenant Profile Walmart Super Center and Tractor Supply both opened in the last ten years.

Edgewood provides an exciting environment in which to live, work, or own a busi- Aerial Locator Map ness. With a robust economy, rapidly growing regional population, and excellent transportation infrastructure, Edgewood provides convenient access to the Albu- querque market as well as those Santa Fe, Moriarty, Estancia, and Mountainair. Property Images

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5 Walker Road | Offering Memorandum 2017 Colliers International COLLIERS INTERNATIONAL | 7 INVESTMENT OFFERING | 5 WALKER ROAD, EDGEWOOD, NM 87015

DISCLAIMER CONTACT US

The information contained herein was obtained from sources believed reliable; however, Colliers International makes no guarantees, warranties or representations as to the completeness or accuracy thereof. This marketing piece Investment Overview has been prepared to offer a prospective purchaser a sum- mary of an opportunity and is not a substitute for a thor- ough due diligence by a purchaser. Colliers International Financial Summary makes no representations or warranties regarding envi- ronmental, structural, property or building sizes, current or future financial performance of this offering. Colliers Tenant Profile International recommends any purchaser seeks the advice JOHN RANSOM, CCIM, SIOR TIM WITH, CCIM, SIOR and consolation with a CPA, Attorney and other profession- SR VICE PRESIDENT | PRINCIPAL SR VICE PRESIDENT | PRINCIPAL als to satisfy their complete investigation of this investment DIR +1 505 880 7011 DIR +1 505 880 7092 Aerial Locator Map offering. The presentation of this property is submitted subject to errors, omissions, change of price or conditions [email protected] [email protected] prior to sale or lease, or withdrawal without notice. Ransom+With Team | www .ransomwith .com Property Images

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