Price- $6,330,275 Cap Rate-5.45%

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Price- $6,330,275 Cap Rate-5.45% ABSOLUTE NNN LEASE 19 Years Remaining 8815 Stagecoach Rd. Little Rock, AR 72210 Price- $6,330,275 Cap Rate-5.45% Absolute Net Lease with 19 Years Remaining on Initial Lease Term. Lease Guaranteed by Walgreen Co.-“BBB Credit Rating by Standard & Poor’s.” Excellent Visibility Along Stagecoach Road-Major City Thoroughfare with Traffic Counts Exceeding 24,000 Vehicles. 325,000-Square Foot Outlet Center Development with Approximately 70 Stores- 4 minute drive from Walgreens. Nearby Bass Pro Shops-Only Store in Arkansas-Draws Visitors from All Over the State. West of the University of Arkansas at Little Rock-2015 Enrollment of Approximately 27,000 Students. 128% Population Growth, Unemployment Rate 3.7%, Income above National Average. Strong Sales and no Rite Aids in Arkansas. Contact: Joan Cohen (661) 373-8726 Email: [email protected] INVESTMENT OVERVIEW The subject property is a 14,996 square foot Walgreens in Little Rock, Arkansas. Walgreens signed a corporate backed 75-year absolute net lease which commenced in 2012 leaving approximately 20.5 years remaining before the first termination option. Walgreens has the option to terminate the lease every five years after the 25th lease year. Walgreen, Co., which is publicly traded on the New York Stock Exchange under the ticker symbol “WAG”, has a current “BBB” credit rating by Standard & Poor’s. The property features excellent visibility along Stagecoach Road, a major city thoroughfare which connects all the way to the University of Arkansas at Little Rock (approximately 27,000 Students) with approximately 24,000 vehicles per day. The site is easily accessible off Interstate 430. A 325,000- square foot outlet center with approximately 70 stores called the Outlets at Little Rock is just 4 minutes south of the property. Also adjacent is a Bass Pro Shops store which is the only one in Arkansas. Little Rock is the capital and largest city in Arkansas. The six county Little Rock-North Little Rock- Conway, AR Metropolitan Statistical Area (MSA) is ranked 75th in terms of population in the United States with 724,385 residents according to the 2013 estimate by the United States Census Bureau.[1][3] Little Rock is a cultural, economic, government, and transportation center within Arkansas and the South. Several cultural institutions are located in Little Rock, such as the Arkansas Arts Center, the Arkansas Repertory Theatre, and the Arkansas Symphony Orchestra, in addition to the hiking, boating, and other outdoor recreational opportunities. The city is the headquarters of Dillard's, Windstream Communications, Acxiom, Stephens Inc., University of Arkansas for Medical Sciences, Heifer International, the Clinton Foundation, and the Rose Law Firm. Other large corporations, such as Dassault Falcon Jet and LM Wind Power have large operations in the city. State government is a large employer, with many offices being located in downtown Little Rock. Two Interstate highways, Interstate 30 and Interstate 40, meet in Little Rock, with the Port of Little Rock serving as a shipping hub. The area’s accessible highways, railways, waterways, and air transport make it an excellent distribution center.* *Information from Wikipedia page modified on 1 March, 2017. 8815 Stagecoach Road, Little Rock, AR 72210 FINANCIAL OVERVIEW OFFERING SUMMARY Price $6,330,275 Gross Leasable Area 14,996 Lot Size 1.80 Acres Year Renovated 2012 Net Operating Income $345,000 Cap Rate 5.45% LEASE SUMMARY Tenant Trade Name Walgreens Guaranty Type Corporate Lease Type NNN Lease Term 25 Years with 10/5 Year Options Lease Commencement Date September 17, 2012 Expiration Date September 30, 2087 Remaining Lease Term 19 Years Remaining Walgreens Completes Acquisition of USA Drug Pharmacy Chain DEERFIELD, Ill., September 17, 2012 - Walgreen Co. (NYSE: WAG) (NASDAQ: WAG) announced today that it has completed its purchase of a regional drugstore chain in the mid-South region of the United States from Stephen L. LaFrance Holdings, Inc. and members of the LaFrance family. “This acquisition expands our business in an important region of the country,” said Walgreens President and CEO Greg Wasson. “It will provide significant new pharmacy business for us in this region while also enabling us to bring the Walgreens experience to many additional smaller communities where USA Drug has developed strong operational expertise.” The transaction includes 144 stores that operate under the USA Drug, Super D Drug, May’s Drug, Med-X and Drug Warehouse names located in Arkansas, Kansas, Mississippi, Missouri, New Jersey, Oklahoma and Tennessee. The acquisition also includes corporate offices, a distribution center located in Pine Bluff, Ark., and a wholesale and private brand business, for a total of approximately $438 million subject to adjustment in certain circumstances. The chain recorded sales of $825 million in 2011. “What is now USA Drug began from a single store I opened in Pine Bluff, Arkansas, in 1968 and has grown to more than 140 stores in seven states,” said Stephen L. LaFrance, Chairman and Owner of Stephen L. LaFrance Holdings, Inc. “We chose to sell our business to Walgreens not only because it is the premier drugstore company in our industry, but also because Walgreens will continue to provide our customers with the service and products they have come to expect.” As previously announced, the transaction is structured as a purchase of the stock of Stephen L. LaFrance Holdings, Inc., which owns most of the acquired business, and also includes the purchase of assets or stock of certain affiliated companies or stores and other parts of the business that are not owned by that holding company. About Walgreens As the nation's largest drugstore chain with fiscal 2011 sales of $72 billion, Walgreens (www.walgreens.com) vision is to become America’s first choice for health and daily living. Each day, Walgreens provides nearly 6 million customers the most convenient, multichannel access to consumer goods and services and trusted, cost-effective pharmacy, health and wellness services and advice in communities across America. Walgreens scope of pharmacy services includes retail, specialty, infusion, medical facility and mail service, along with respiratory services. These services improve health outcomes and lower costs for payers including employers, managed care organizations, health systems, pharmacy benefit managers and the public sector. The company operates 7,929 drugstores in all 50 states, the District of Columbia and Puerto Rico. Take Care Health Systems is a Walgreens subsidiary that is the largest and most comprehensive manager of worksite health and wellness centers and in-store convenient care clinics, with more than 700 locations throughout the country. .
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