OFFERING MEMORANDUM WALGREENS 347 Independence blvd | romeoville, IL 60446 1 | TABLE OF CONTENTS 03 05 09 11 EXECUTIVE FINANCIAL TENANT AREA OVERVIEW OVERVIEW OVERVIEW OVERVIEW LISTED BY CONRAD SARREAL CHAD KURZ Senior Associate SVP & National Director DIRECT 310.919.5760 DIRECT 214.692.2927 MOBILE 626.230.1006 MOBILE 562.480.2937
[email protected] [email protected] LIC # 01982875 (CA) LIC # 01911198 (CA) BROKER OF RECORD PAT WEIBEL LIC # 471018266 (IL) Executive Overview WALGREENS INVESTMENT HIGHLIGHTS » Long-term, Investment: There are still 14.5+ years remaining on a corporate lease with Walgreens who boasts strong investment grade credit (S&P: BBB). » Busiest Intersection in Romeoville: Independence Blvd. (Highway 53) and Romeo Rd forms the busiest intersection in Romeoville with an astounding ±57,500 VPD, and subject property sits on a large ±2.24-acre lot with excellent accessibility/visibility. Each direction at the intersection has a left turn lane allowing cars to easily access the property’s driveways on both Independence Blvd and Romeo Rd. » Completely Passive Investment: This deal offers buyers a bond-like investment because Walgreens is responsible for taxes, insurance, utilities, and all maintenance – zero landlord responsibilities. » Top 3 MSA: The Chicago MSA is the 3rd largest in the country with a population of about ±9.5 million, which fuels Romeoville’s strong demographics. There are nearly 150,000 residents within a 5-mile radius with an average household income of ±$95,000. » Consistent Performer: This store has consistently performed well over the last few years likely because Walgreens controls the Romeoville market. There are no CVS stores in Romeoville, and the closest one is 8+ miles away in Lemont, IL.