Net Lease Expertise | Walgreens

PROVEN RESULTS Net Lease Expertise: Walgreens Pharmacy

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Flagship Location Experience Selling Price: $13,610,000 Cap Rate: 5.75% Location: Oak Park (Chicago), IL Construction: Walgreens Geothermal Flagship; first location heated and cooled by Geothermal Energy Lease Term: Twenty-five (25) year base lease term (23+ years remaining)

Selling Price: $8,607,231 Cap Rate: 5.69% Location: Antioch (Chicago), IL Construction: Brand New 2012 Construction Lease Term: Twenty-five (25) year base lease term, with preferred Ten (1), Five (5) year option periods.

Selling Price: $7,304,378 Cap Rate: 6.15% Location: Birmingham, AL Construction: Brand-new, Trophy Real Estate with custom exterior design, new prototype interior and drive-thru access Lease Term: Twenty-five (25) year base lease term with Fifty (50), One (1) Year renewal options

Proven Buyer Pool

22 Current SJC Listings

Walgreens Pharmacy $11,100,000 | 5.25% North Bergen, NJ

Walgreens Pharmacy $9,673,640 | 5.37% Dallas, TX

Walgreens Pharmacy $9,130,000 | 5.5% Whiting, NJ

Walgreens Pharmacy $7,000,000 | 5.5% Conroe, TX

Walgreens Pharmacy $6,236,363 | 5.5% Wheaton, IL

Walgreens Pharmacy $5,539,000 | 6.25% Hutchinson, KS

TENANT

CITY

STATE

PRICE

CAP RATE

Walgreens (Portfolio)

Clinton

MA

$45,335,200

6.25%

Walgreens

Jackson Hole

WY

$13,098,000

Walgreens

Lincolnton

NC

Walgreens

San Marcos (Austin)

Walgreens Walgreens

TENANT

CITY

STATE

PRICE

CAP RATE

Walgreens Pharmacy

Pine Bluff

AR

$6,204,918

6.25%

5.25%

Walgreens

Hilton Head (Bluffton)

SC

$5,573,770

6.13%

$7,250,635

6.20%

Walgreens (Ground Lease)

Mesa

AZ

$5,000,000

5.00%

TX

$6,709,691

5.50%

Walgreens

Fort Madison

IA

$4,956,521

6.15%

Beaver Falls

PA

$6,640,000

5.95%

Walgreens

Trenton

OH

$4,750,000

6.10%

Walgreens

Newton

KS

$4,625,000

6.25%

Silsbee

TX

$6,223,267

6.30%

Walgreens

Morgantown

WV

$3,872,000

6.44%

Recently Sold SJC Listings

Walgreens Pharmacy $13,610,000 | 5.75% Oak Park, IL

Walgreens Pharmacy $5,360,000 | 6.25% Rogers, AR

Walgreens Pharmacy $5,285,000 | 6.62% Homewood, IL

Walgreens Pharmacy $5,104,000 | 6.25% Republic, MO

Walgreens Pharmacy $3,900,000 | 6.51% Huntsville, AL

Walgreens Pharmacy $3,052,000 | 5.73% Pearland, TX

TENANT

CITY

STATE

PRICE

CAP RATE

Walgreens

Oak Park (Chicago)

IL

$13,605,949

5.75%

Walgreens

Skokie (Chicago)

IL

$11,259,862

Walgreens

Lake Stevens

WA

Walgreens

Antioch

Walgreens

TENANT

CITY

STATE

PRICE

CAP RATE

Walgreens

Huntsville

AL

$5,400,000

7.47%

5.75%

Walgreens

Warren

MI

$5,400,000

9.00%

$9,294,605

5.95%

Walgreens

Houston

TX

$5,296,551

7.25%

IL

$8,607,231

5.69%

Walgreens

Springfield

IL

$4,917,674

8.50%

Brewer

ME

$7,750,000

6.12%

Walgreens

Hutchinson

KS

$4,808,000

7.20%

Walgreens

Chicago

IL

$7,331,952

5.75%

Walgreens

Mounds View

MN

$4,719,723

7.23%

Walgreens

Birmingham

AL

$6,829,270

6.15%

Walgreens

Lawrenceville

GA

$4,700,000

7.81%

Walgreens

Georgetown

TX

$6,406,780

5.90%

Walgreens

Clintonville

WI

$4,550,000

6.00%

Walgreens

Uvalde

TX

$6,000,000

6.25%

Walgreens

Newton

KS

$4,015,000

7.20%

Walgreens

Grand Junction

CO

$5,658,000

6.15%

Walgreens

Tucson

AZ

$3,561,290

7.75%

Walgreens

Charlotte

NC

$5,435,000

6.90%

Walgreens

Eagan

MN

$2,250,000

7.59%

One Team, One Platform, One Focus More than $2 Billion in 2012 NNN Transactions Stan Johnson Company is a national real estate investment brokerage firm with more than $2 billion in successful NNN transactions in 2012. With the largest collaborative team in the single-tenant, net lease industry, we offer acquisition, disposition, pricing advisory, and 1031 exchange services to a wide range of clients throughout the United States.

This intense specialization has resulted in an extensive network of brokers with insider knowledge and strong relationships – enabling us to efficiently match buyers with sellers. Drawing on a full array of retail services, our professionals create superior solutions for sale leaseback, fee simple, ground lease, leasehold, and zero cash flow deals. As of 2013, we’ve completed over $14 billion of single-tenant, net-lease transactions nationally.

• • • • • • • • •

Pharmacy

Quick-Serve/Fast Food Restaurants

Automotive

Dollar Stores

Restaurants

Ground Leases

Big-Box Retailers

Banks

Retail Boxes Portfolio Sales Sale-Leasebacks Build-to-Suits Private Equity Placements 1031 Exchange Properties Commercial Buildings Office Buildings Warehouses/Manufacturing

*This map represents all retail sales by SJC up until July 2013.

$2 Billion

Over $2B in Sales in 2012

$14 Billion

Over $14B Single-Tenant, Net Lease Transactions

Over 25 Years of Experience

9 Cities with 50+ Brokers Largest Team of Net Lease Brokers

25 Years

Camille Renshaw, CCIM Director, Investment Sales crenshaw@stanjohnsonco.com P: 646.778.5560

David Bailey Associate, Investment Sales dbailey@stanjohnsonco.com P: 646.841.0632

John Rotunno Associate, Investment Sales jrotunno@stanjohnsonco.com P: 646.841.0637

Scott Scurich Associate, Investment Sales sscurich@stanjohnsonco.om P: 646.841.0640

Stan Johnson Company 180 Madison Ave | Suite 2200 New York, NY 10016 P: 646.778.5560 F: 646.786.4573