100% Focus on Drugstores = Unmatched Results

Please be leery of the "Royal We" resume that is often touted by generalist brokers who try to compete with us. Often brokers at larger, less specialized brokerage firms, will present you with a long list of transactions that "they" have done, and try to act as if the deals done by all the brokers at the large company were done by the individual broker competing for your business...

We are among the most active and successful brokers of drugstore investment properties NNN leased to Walgreens, CVS, and Rite Aid.

Over the past decade, we have personally completed 300+ drugstore transactions totaling over $1.5 billion in aggregate value. All of these deals were personally facilitated by Art & John. In the past five months alone, we've closed 19 drugstore sales totaling $129,525,000 in value.

Below is a sample of the most recent Deerfield Partners activity.

 

Walgreens

Boston Metro -- Watertown
$16,859,0004.75% CAP

  • East Watertown is a mecca for tech start-ups and young professionals
  • Located just 1.8 miles from Harvard University and just seven miles from downtown Boston
  • Rare rent increases
  • Abundance of new developments in this area
  • Close to area malls and national big box retailers
  • Rare combination of affluent demographic ($108,215 Avg. HH Income) and dense population (336,000+ residents within three mile radius)
  • True NNN lease with zero landlord responsibilities
Walgreens

Paterson, New Jersey
$16,345,0004.95% CAP

  • Across from St. Joseph’s Medical Center, which recently completed $250MM expansion
  • WAG acquired high volume independent pharmacy
  • Brand new construction with 22 year NNN lease
  • Just 18 miles from midtown Manhattan
  • Complex assemblage of 9 parcels
  • Dense, urban infill with 46,322 residents in 1 mile
  • True NNN lease with no management responsibilities
Walgreens

Kearny, New Jersey
$13,485,0005.00% CAP

  • Rent increases! Extremely rare for Walgreens
  • Brand new construction with 20 year NNN lease
  • Just 12 miles from midtown Manhattan
  • Dense, urban infill with 41,201 residents in 1 mile
  • No other drugstore competition in area; neighborhood grossly under served by retailers
  • True NNN lease with no management responsibilities
Walgreens

Chicagoland, Illinois
$13,145,0005.25% CAP

  • NNN lease with approximately 19.5 years firm term
  • Just 14 miles from Walgreens corporate HQ
  • Just 35 miles from downtown Chicago
  • Affluent demographic; Avg HH Income $142,000
  • Over 90,000 people within 5 miles
  • Important strategic location for Walgreens
  • Rare option structure (every 5 years past 25)
  • True NNN lease with zero management responsibilities
Walgreens

Santa Cruz, California
$13,100,0005.00% CAP

  • Prime, irreplaceable San Francisco Bay Area real estate
  • Unique opportunity to own an entire city block in a community where it has historically been very difficult to develop
  • 21+ years of guaranteed cash flow
  • Dense urban infill location (24,535 people in 1 mile)
  • Investment grade Walgreens corporate credit and guarantee
  • Two tenant deal offers rent increases and some upside in the near-term
Walgreens

Long Island, New York
$12,997,0004.90% CAP

  • New construction 20 year NNN lease
  • Extremely rare freestanding, hard corner, with a drive-thru...located just 42 miles from Manhattan
  • High traffic intersection with 52,100 cars per day
  • Dense, urban infill location -- 21,311 people reside within one mile
  • Store opened for business November 2016
  • Closest drugstore competitor is 2.5 miles away
  • Walgreens corporate credit guarantees the rent
Walgreens

Alexandria, Virginia
$13,055,0005.40% CAP

  • Fresh 25 Year NNN Lease
  • Just six miles south of downtown DC
  • Affluent demographic; Avg HH Income $125,751
  • Dense population; 28,000 people within 1 mile
  • Located in historic Del Ray District
  • Rare option structure (every 5 years past 25)
  • Walgreens corporate guarantee (NYSE:WAG)
  • Investment grade credit
  • True NNN lease with zero management responsibilities
Walgreens

Prime New York Metro
$12,842,0004.75% CAP

  • Last Walgreens on the market with 25 Years of guaranteed rent
  • Relocation of a successful store that operated inline across the street; sales volumes above average
  • Very affluent community with rare combination of high incomes ($116,000) and dense population
  • 47,992 cars per day at intersection
  • True NNN lease with no management responsibilities
  • Walgreens corporate, investment grade credit guarantees the rent
Walgreens

New York
$12,567,0005.65% CAP

  • 8.12% return on cash available with new loan
  • Prime New York Metro real estate
  • Dense, urban infill (41,370 people in 1 mile)
  • 22+ years of guaranteed cash flow
  • Reported sales up 24% year-over-year
  • Relatively high incomes ($82,690 Avg HH Income)
Walgreens

Bayonne, New Jersey
$12,430,0005.35% CAP

  • Dense urban infill with 32,000 people in 1 mile
  • Brand new construction with 20 year NNN lease
  • Just across the Hudson River from lower Manhattan
  • True hard corner at high traffic, signalized intersection
  • Preferred five-year option structure
  • Walgreens corporate guarantee (NYSE:WAG)
  • Investment grade credit
  • True NNN lease with zero management responsibilities
Walgreens

Wayzata, MN
$12,306,0005.00% CAP

  • Brand new construction; delivers in April
  • Relocation store with 20 Year NNN Lease
  • Affluent lake community with $127,282 in Avg Household Income
  • High barriers to entry; development took 5 years
  • Traffic counts of over 43,000 cars per day
  • Hard corner, free-standing building with drive-thru
  • Walgreens corporate guarantee (NYSE:WAG)
  • Investment grade credit
  • True NNN lease with zero landlord responsibilities
Walgreens

Roseville, Minnesota
$11,890,0005.55% CAP

  • 22 years of guaranteed income
  • Proven record of 20+ years of high sales volume
  • New construction on same site as old store
  • Just 10 miles from downtown Minneapolis
  • Dense neighborhood with 80,000 people in 3 miles
  • Important strategic location for Walgreens
  • Zero management responsibilities
Walgreens

Metro New York
$11,620,0005.75% CAP

  • Prime New York Metro real estate
  • Very affluent Westchester County
  • Brand new with 25 years of guaranteed cash flow
  • Avg. HH Income ~$138,000
  • Strong population density (19,655 people in 1 mile)
  • Important strategic location for Walgreens
  • 10 x 5 year option structure
Walgreens

New York
$11,455,0006.40% CAP

  • Prime New York Metro real estate
  • Mature suburb of New York City
  • 24+ years of guaranteed cash flow
  • Located in affluent Westchester County
  • High incomes ($102,939 Avg HH Income)
  • Dense population (18,832 people in 1 mile)
  • Important strategic location for Walgreens
Walgreens

Anchorage, AK
$11,364,0005.50% CAP

  • True NNN lease with 18 years guaranteed rent
  • Strong reported sales volumes and no national pharmacy competition from CVS or Rite Aid
  • Nearby retailers include: Home Depot, McDonald’s, Fred Meyer, Carrs, Carl’s Jr., AT&T and others
  • Alaska has no state income tax
  • 49,412 cars per day at intersection
  • Walgreens corporate credit guarantees the rent
Walgreens

Orange County, New York
$11,300,0005.10% CAP

  • 21+ Year NNN with extremely rare rent increases in primary term
  • Store is well positioned at a high traffic crossroads known as the “Five Corners” intersection of NY 32 and NY 94; over 30,000 cars per day
  • Neighboring tenants include: McDonalds, AutoZone, Advance Auto, Dunkin’ Donuts, Wendy’s, Bank of America, First Niagra Bank, and others...
  • True NNN lease with no management responsibilities
  • Walgreens corporate, investment grade credit guarantees the rent
Walgreens

Anchorage, Alaska
$11,207,0005.30% CAP

  • True NNN lease with 22+ years guaranteed rent
  • Strong reported sales volumes and no national pharmacy competition from CVS or Rite Aid
  • Affluent demographic with $121,556 Avg HH Income
  • Growing market has seen population growth 50% above national average
  • Nearby retailers include: McDonald’s, Starbucks, Pizza Hut, Taco Bell, SUBWAY, AutoZone, O’Reilly Auto Parts, Carl’s Jr., Arby’s and others
  • Alaska has no state income tax
  • Walgreens corporate credit guarantees the rent
Walgreens

California
$11,060,0005.75% CAP

  • Prime San Francisco Bay Area real estate
  • Very difficult to develop in Santa Cruz
  • Brand new with 25 years of guaranteed cash flow
  • Dense urban infill location (24,535 people in 1 mile)
  • Important strategic location for Walgreens
Walgreens

Tallahassee, Florida
$10,850,0005.15% CAP

  • Fresh 25 Year NNN Lease
  • Main & Main location (over 67,000 cars per day)
  • Dense population; 100,000 people within 3 miles
  • Four blocks north of Florida State Capitol
  • Four blocks east of Florida State University
  • Walgreens corporate guarantee (NYSE:WAG)
  • Investment grade credit
Walgreens

Ann Arbor, Michigan
$10,800,0005.85% CAP

  • ~18 Year NNN with extremely rare rent increase in primary term (3 years from now)
  • Rare rental increase at every 5 year option period
  • Just two miles from University of Michigan and Michigan Stadium
  • Non-recourse loan generates 7% return on cash with $4.9MM cash down ($346,774 net annual cash flow)
  • 50,000 cars per day at intersection
  • Well positioned in major retail corridor
  • True NNN lease with no management responsibilities
  • Walgreens corporate, investment grade credit guarantees the rent
Walgreens

Miami, FL
$10,185,0005.40% CAP

  • True NNN lease with ~16 years guaranteed rent
  • Strong reported sales volumes
  • Extremely dense, urban infill with 37,045 residents within one mile
  • 31,050 cars per day at intersection
  • Neighboring retailers include: Publix Super Market, Dollar Tree, Taco Bell, T-Mobile, Planet Fitness, Valsan, SUBWAY, MetroPCS, Marathon Gas, etc.
  • Florida has no state income tax
  • Walgreens corporate credit guarantees the rent
Walgreens

Concord, New Hampshire
$9,520,0005.40% CAP

  • 17+ Year NNN with rent increases in primary term
  • Store is well positioned along high traffic arterial road, in between two large shopping centers with big box tenants including: The Home Depot, Target, Best Buy, Lowe’s, Staples and others
  • Established record of strong reported sales history
  • Very important strategic location with CVS across the street
  • True NNN lease with no management responsibilities
  • Walgreens corporate, investment grade credit guarantees the rent
Walgreens

Middleton, Massachusetts
$9,260,0005.40% CAP

  • 20 years firm remain on NNN Lease
  • Just 19 miles north of downtown Boston
  • Affluent demographic; Avg HH Income $113,390
  • Dense population; 100,000 people within 5 miles
  • Located on Main Street
  • Walgreens corporate guarantee (NYSE:WAG)
  • Investment grade credit
  • True NNN lease with zero management responsibilities
Walgreens

New York
$9,155,0005.75% CAP

  • Prime New York Metro real estate
  • 40 miles from downtown Manhattan
  • Half way out to the Hamptons on Long Island
  • Outparcel to Walmart
  • 20+ years of guaranteed cash flow
  • $100,967 Average HH Income
Walgreens

Minneapolis, Minnesota
$9,035,0005.7% CAP

  • 19+ Year NNN completed August 2015
  • Relocation of long established, high sales volume store; offers investor additional security in longevity of site
  • Dense, urban infill location, with 19,003 residents living within a one mile radius
  • Walgreens dominates the Minneapolis market and has minimal competition from CVS and there are ZERO Rite Aids in Minneapolis
  • Walgreens corporate guarantees the rent
  • Investment grade credit
  • True NNN lease with no management responsibilities
Walgreens

Seattle, Washington
$8,842,0004.75% CAP

  • Rarely available national pharmacy in urban core
  • ~17 years of $420,000 in guaranteed NNN income
  • Infill neighborhood with 68,675 residents in one mile
  • Monthly rent guaranteed by full faith & credit of $18 Billion corporate net worth of combined Walgreens / Boots Alliance
Walgreens

Midlothian, Illinois
$8,720,0005.40% CAP

  • Very high sales volumes (150% of average)
  • 19+ years of firm lease term remain
  • Just 22 miles south of downtown Chicago
  • Dense population with 251,737 people in 5 miles
  • Walgreens corporate guarantee (NYSE:WAG)
  • Investment grade credit
  • True NNN lease with zero management responsibilities
Walgreens

Oregon
$8,695,0006.5% CAP

  • Very rare West Coast Walgreens
  • Great corner with over 60,000 cars per day
  • Retirement community; ideal Walgreens customers
  • Off the I-5, roughly in between Medford & Eugene
  • Important strategic location for Walgreens
  • Lease and rent start August 2011
Walgreens

Philadelphia, Pennsylvania
$8,610,0005.25% CAP

  • Proven, performing store with 15 years of reported sales history
  • ~15 years of guaranteed rent from NN lease
  • Dense, urban infill location
  • Over 60,000 residents live in one mile radius
  • Likely a “forever” Walgreens location
  • NN lease with minimal landlord responsibilitie
Walgreens

Maine
$8,504,0006.35% CAP

  • Prime New England real estate
  • 25 years of guaranteed cash flow
  • Important strategic location for Walgreens
  • Approximately 30 miles southwest of Portland
  • Approximately 90 miles north of Boston
Walgreens

Salt Lake City, Utah
$8,500,0005.00% CAP

  • Just 20 minutes south of Salt Lake City
  • Affluent community with Average Household Incomes in excess of $110,000
  • ~ 20 years of firm lease term
  • Hard corner, free-standing building with drive-thru
  • Strong retail trade area and neighboring office parks
  • Proven location with five year operating history
  • Walgreens corporate guarantee (NYSE:WAG)
  • Investment grade credit
  • True NNN lease with zero landlord responsibilities
Walgreens

Mobile, Alabama
$8,255,0005.50% CAP

  • 21+ years of $454,000 NNN rent guaranteed
  • Across the street from the highest grossing CVS in the Mobile, AL market
  • All growth is moving west toward this location
  • High traffic intersection with 31,406 vehicles per day
  • Walgreens corporate guarantees the rent
  • Investment grade credit
  • True NNN lease with no management responsibilities
Walgreens

Bartlett, Illinois
$7,980,0005.00% CAP

  • One of the last new 25 year NNN leases
  • Affluent suburb of Chicago; 30 miles west
  • Avg Household Income $117,078
  • Over 60,000 people within 3 miles
  • Relocation of an existing store to freestanding corner
  • Delivers to Walgreens in April
  • Walgreens corporate guarantee (NYSE:WAG)
  • Investment grade credit
  • True NNN lease with zero cost exposure
Walgreens

Fayetteville, Arkansas
$7,910,0005.50% CAP

  • 18+ years of guaranteed NNN rental income
  • Projected to be a high sales volume store
  • Just 2.5 miles from the University of Arkansas
  • Stable market with Walmart corporate HQ nearby
  • Important strategic location for Walgreens
  • Zero management responsibilities
Walgreens

Washington DC Metro
$7,780,0005.40% CAP

  • New construction 25 Year NNN Lease
  • Washington DC Metro; 49 miles south
  • Affluent demographic; Avg HH Income $118,250
  • 45,000 people within 3 miles
  • 30,000 cars per day at intersection
  • Under construction for delivery February 2014
  • Rare option structure (every 5 years past 25)
  • Walgreens corporate guarantee (NYSE:WAG)
  • Investment grade credit
  • True NNN lease with zero management responsibilities
Walgreens

Pawtucket, Rhode Island
$7,764,0005.40% CAP

  • True NNN lease with ~20 years guaranteed rent
  • Proven, performing location with established sales record of ~5 years
  • Just 6 miles north of downtown Providence
  • Retail neighbors include TD Bank, Super Stop & Shop, Dunkin’ Donuts, Wendy’s, and Advance Auto Parts
  • True NNN lease with zero landlord responsibilities
  • Walgreens corporate credit guarantees the rent
Walgreens

San Francisco Bay Area
$7,750,0005.40% CAP

  • 25 years of guaranteed income
  • Brand new construction of latest WAG prototype
  • Caddy corner to new Walmart Supercenter
  • Open and paying rent; available for immediate sale
  • Over 31,000 cars per day at intersection
Walgreens

Youngsville, Louisiana
$7,570,0005.35% CAP

  • High growth area with oil & gas resources
  • 22 years of firm lease term remain
  • Population and household growth rate is more than DOUBLE the National and State averages
  • Affluent area with Avg Incomes of $90,686
  • Preferred five-year option structure
  • Walgreens corporate guarantee (NYSE:WAG)
  • Investment grade credit
  • True NNN lease with zero management responsibilities
Walgreens

Milwaukee, Wisconsin
$7,400,0005.00% CAP

  • 20 Year NNN
  • Relocation of a high sales volume store
  • Great corner with over 53,000 cars per day
  • “Main & Main” location with great retail trade area
  • West Bend is a relatively affluent suburb
  • Off the I-45, just 20 miles from Milwaukee
  • Important strategic location for Walgreens
  • Zero management responsibilities
Walgreens

Long Island New York
$7,273,0005.5% CAP

  • ~ 15 years of guaranteed rent from NN lease
  • Proven, profitable location as evidenced by Walgreens recent 13 year lease extension
  • Affluent area with $154,433 Average Household Income
  • Densely populated with 85,000+ residents in 3 miles
  • Nearby retail anchors include The Home Depot, Old Navy, and Kmart
Walgreens

Prime Southern California
$7,690,0006.50% CAP

  • True NNN lease
  • 15+ year operating history and track record
  • Dense, urban infill with 111,000+ residents within three miles
  • Affluent area $103,118 Average Household Income
  • High traffic intersection with 56,588 cars per day
  • Strong retail trade area includes: Target, Trader Joe’s, Home Depot, Walmart, Costco, Lowe’s and others
  • Walgreens corporate credit guarantees the rent
Walgreens

Minneapolis, Minnesota
$7,230,0005.25% CAP

  • 19+ Year NNN completed August 2015
  • Relocation of long established, high sales volume store; offers investor additional security in longevity of site
  • Dense, urban infill location, with 18,294 residents living within a one mile radius
  • Walgreens dominates the Minneapolis market and has minimal competition from CVS and there are ZERO Rite Aids in Minneapolis
  • Walgreens corporate guarantees the rent
  • Investment grade credit
  • True NNN lease with no management responsibilitiesDeerfieldPartners
Walgreens

Memphis, Tennessee
$7,130,0005.50% CAP

  • 19 Year NNN built just one year ago
  • Relocation of two existing stores to a superior location with a strong retail presence
  • Corner anchored by national retailers including: Walmart Neighborhood Market, Kroger, McDonald’s, Regions Bank, Taco Bell, KFC, and Little Caesars Pizza
  • CVS/pharmacy competed for this site
  • True NNN lease with no management responsibilities
Walgreens

Russellville, Arkansas
$7,110,0005.60% CAP

  • 23.5 years of income guaranteed by WAG
  • Available for immediate sale for 1031 deadline
  • New construction of latest WAG prototype
  • 137 bed hospital down the street
  • No other national drugstore competition in town
  • Strong sales as Walgreens bought out USA Drug
  • Walgreens corporate guarantee (NYSE:WAG)
  • Investment grade credit
  • True NNN lease with zero management responsibilities
Walgreens

Alabama
$6,670,0006.00% CAP

  • 25 years of guaranteed income
  • Brand new construction of latest WAG prototype
  • Aging population ideal customer segment
  • This is the second Walgreens store in Cullman
  • Over 20,000 cars per day at intersection
Walgreens

Wheaton, Illinois
$6,589,0005.25% CAP

  • 17+ Year NNN built just a few years ago
  • Affluent community with average household incomes in excess of $100,000
  • Corner anchored by national retailers including: Target, Kohl’s, Chase Bank, McDonald’s, Chipotle, Dunkin’ Donuts, etc.
  • Unusually low rent and price point given the high quality of the dirt and location
  • Walgreens corporate guarantees the rent
  • Investment grade credit
  • True NNN lease with no management responsibilities
Walgreens

Memphis, Tennessee
$6,578,0005.75% CAP

  • NO state income tax
  • 22+ years of guaranteed cash flow
  • Relocation of existing store
  • Rare 5 year option structure
  • Open and paying rent, perfect for 1031 exchanges
  • Kroger anchored, high profile intersection
  • Important strategic location
  • Dense population with 60,000 people in 3 miles
  • True NNN lease with zero management responsibilities
Walgreens

Massillon, Ohio
$6,514,000 5.45% CAP

  • 19 Year NNN built just one year ago
  • Relatively low rent and price point
  • “Main & Main” location with neighboring retailers including: McDonald’s, Chase Bank, Hampton Inn, Rite Aid Pharmacy, First Merit Bank, Buffalo Wild Wings, Domino’s Pizza, etc.
  • Located 8 miles west of Canton, Ohio
  • Zero management responsibilities
Walgreens

Rhode Island
$6,450,0006.5% CAP

  • Relocation store will open with strong sales
  • Dense, urban infill with 30,000 people in 1 mile
  • Important strategic location for Walgreens
Walgreens

Colorado
$6,435,0005.75% CAP

  • Highly desirable resort town Walgreens
  • Best corner in town
  • Amazing it was approved after 3 year fight with planning
  • Brand new with 24+ years of guaranteed income
  • Very high barriers to entry
  • Important strategic location for Walgreens
  • Preferred 10 x 5 year option structure
Walgreens

Connecticut
$6,420,0006.00% CAP

  • Prime New England real estate
  • 25 miles west of Providence, Rhode Island
  • 22+ years of guaranteed cash flow
  • $74,488 Average HH Income in 1 Mile
  • Great retail trade area with national retailers: Target, Lowe’s Home Improvement, Staples, Stop & Shop, Bed Bath and Beyond, Petco, and Starbucks
Walgreens

Pittsburgh, Pennsylvania
$6,400,0006.00% CAP

  • True NNN lease with ~17 years guaranteed rent
  • 44,635 vehicles per day at intersection
  • Neighbors at intersection include CVS/pharmacy, McDonald’s, and Dollar Tree
  • Dollar Tree was just developed adjacent to property
  • Just 18 miles from downtown Pittsburgh
  • True NNN lease with zero landlord responsibilities
  • Walgreens corporate credit guarantees the rent
Walgreens

Connecticut
$6,285,0007.0% CAP

  • Proven performing Walgreen
  • Reported sales are well above average
  • Desirable New England location
  • 10 years firm term remain on NNN lease
  • Rare higher yield opportunity on NNN lease
Walgreens

Stratford, Connecticut
$6,273,0005.00% CAP

  • Walgreens just committed for an additional 20 years, after already operating at this location for the past 20 years
  • True hard corner with drive-thru
  • 35,922 cars per day at intersection
  • Dense population with 23,000 people in 1 mile
  • Preferred five-year option structure
  • Walgreens corporate guarantee (NYSE:WAG)
  • True NNN lease with zero management responsibilities
Walgreens

Boston Metro
$6,271,000 6.37% CAP

  • Proven, performing store with 18 years of reported sales history
  • Dense, urban infill location
  • Store is just 5 miles from downtown Boston
  • Over 440,000 residents within three mile radius
  • Likely a "forever" Walgreens location
  • NN lease with minimal landlord responsibilities
Walgreens

Shawnee, Kansas City
$6,170,0005.40% CAP

  • True NNN lease with ~18 years guaranteed rent
  • Proven, performing location with established sales record of ~6 years
  • True hard corner with high traffic counts (42,103 vehicles per day at intersection)
  • Affluent suburb just 12 miles from downtown Kansas City
  • True NNN lease with zero landlord responsibilities
  • Walgreens corporate credit guarantees the rent
Walgreens

Malden, Massachusetts
$6,000,0007.00% CAP

  • Rare New England Walgreens
  • Dense, urban infill
  • Almost 500,000 people within 5 miles
  • Important strategic location for WAG
  • NN Lease
  • 6+ years remaining on firm lease term
  • 8 x 5 year options
Walgreens

Wisconsin
$6,000,0006.00% CAP

  • 20 years of guaranteed income
  • 5 years of established sales performance
  • Just 6 miles from downtown Madison
  • Dense neighborhood with 15,000 people in 1 mile
  • Avg HH Incomes up around $75,000
  • Important strategic location for Walgreens
Walgreens

Boston Suburb
$5,865,0005.00% CAP

  • Walgreens just committed for an additional 20 years, after already operating at this location for the past 20 years
  • True hard corner
  • 40,997 cars per day at intersection
  • Infill location with 30,481 people in 1 mile
  • Preferred five-year option structure
  • Walgreens corporate guarantee (NYSE:WAG)
  • True NNN lease with zero management responsibilities
Walgreens

Southern California
$5,860,0007.0% CAP

  • Rare opportunity to buy Southern California Walgreens above a 7% CAP
  • 230,000 people within 5 miles
  • NN Lease
  • 10+ years remaining on firm lease term
  • Sales well above average
  • Store is a top performer in this market
Walgreens

Massachusetts
$5,805,0007.5% CAP

  • Best corner in town
  • Anchored by a Walmart; opposite Target center
  • Leasehold provides for 100% depreciation***
  • Cross Rd is the main access for UMass Dartmouth
  • Lease and rent start June 2011
Walgreens

Wisconsin
$5,700,0006.50% CAP

  • Relocation of a high sales volume store
  • Great corner with over 53,000 cars per day
  • "Main & Main" location with great retail trade area
  • West Bend is a relatively affluent suburb
  • Off the I-45, just 30 miles from Milwaukee
  • Important strategic location for Walgreen
Walgreens

South Carolina
$5,650,0006.25% CAP

  • Requires just $2,000,000 down
  • Existing loan MUST BE ASSUMED
  • Fixed rate of interest and return for 9+ years
  • $110,338 in annual net cash flow after debt service
  • 2 blocks from regional medical center
Walgreens

Richmond, Rhode Island
$5,640,0007.00% CAP

  • $7,900,000 in cash flow guaranteed by Walgreens
  • Walgreens ceased operations at this location
  • Loan can be assumed or bought free & clear
  • Non-recourse loan assumption requires $2M down
  • Loan produces $120,000 net income (6% return on cash)
  • Affluent area with Avg HH Income of $84,482
  • Less than 30 miles to Providence, RI
  • This location is immediately off Interstate 95
Walgreens

Milwaukee Metro NNN
$5,600,0005.50% CAP

  • Proven location with lease recently extended
  • 15.5 years of guaranteed rent from NNN lease
  • Just 14 miles south of downtown Milwaukee
  • Strong demographics with $84,928 Avg Household Income and 88,859 residents within 5 miles
  • No other national drugstore competition in area; closest CVS is 3.4 miles away
  • Walgreens corporate guarantee (NYSE:WAG)
  • True NNN lease with no management responsibilities
Walgreens

Troy, Ohio
$5,600,0006.00% CAP

  • Open & paying rent--available for immediate sale
  • Lower price point and great value
  • Offered free & clear; loans available today with as little as $1,400,000 cash down
  • Dense population with ~9,500 people in 1 mile
  • Preferred five-year option structure
  • Walgreens corporate guarantee (NYSE:WAG)
  • Investment grade credit
  • True NNN lease with zero management responsibilities
Walgreens

Pocatello, ID
$5,576,0006.40% CAP

  • ~ 9 Years remaining on true NNN lease with no management or cost exposure
  • Proven, performing location with 15+ years of above average reported sales
  • 47,766 cars per day at intersection
  • Freestanding store on hard corner with drive thru
  • Located at the center of dynamic retail trade area with neighbors including: Fred Meyer, WinCo Foods, Wells Fargo, McDonald’s, AutoZone and others
  • Walgreens (NASDAQ:WBA) corporate guarantees the rent
Walgreens

Boston Metro
$5,475,0007.40% CAP

  • Excellent trade area featuring Walmart, Lowes, Sears, Dick’s Sporting Goods and other national retailers
  • Dense population with ~100,000 people in 3 miles
  • Solid urban site with 20,000 vehicles per day
  • Free-standing building with drive-thru
  • Preferred five-year option structure
  • Low annual rent compared to other Walgreens deals
  • Walgreens corporate guarantee (NYSE:WAG)
  • Investment grade credit
  • Standard NN lease with minimal landlord responsibilities
Walgreens

Colorado Springs, Colorado
$5,464,0007.75% CAP

  • Very rare Mountain West Walgreens
  • Stong Sales Performance
  • Established neighborhood with new growth
  • Low rent and purchase price
  • ~10 years of remaning lease term
Walgreens

Gold Canyon, AZ
$5,445,0006.75% CAP

  • ~5 Years remaining on true NNN lease
  • 65% of the population is age 55 or older
  • Reported store sales are above average
  • Gold Canyon Arizona is a newer, well maintained unincorporated city in Pinal County about 45 minutes east of the Phoenix Sky Harbor airport
  • True NNN lease with no management responsibilities
  • Walgreens (NASDAQ:WBA) corporate guarantees the rent
Walgreens

South Carolina
$5,385,0006.50% CAP

  • Requires just 21% down = $1,135,000
  • Generates almost 8% return on cash
  • Interest only loan MUST BE ASSUMED
  • Very strong retail trade area with national tenants
  • Dense population with 40,000 people in 3 miles
Walgreens

Nashville Metro NNN
$5,240,0005.50% CAP

  • In the heart of a dynamic retail trade area including Walmart, Lowe’s Home Improvement and Publix
  • ~15 years of guaranteed rent from NNN lease
  • 35 minute drive south of downtown Nashville
  • Affluent area with $107,266 Avg Household Income
  • True NNN lease with no management responsibilities
Walgreens

Missouri
$5,205,0006.4% CAP

  • Rare combo of dense population and high incomes
  • Over 100,000 people within 3 miles
  • Average HH Incomes > $80,000
  • Rapidly growing suburb of Kansas City
  • Low rent and purchase price
  • 23.5 years remaining on firm lease term
Walgreens

Boston Suburb
$4,967,0005.00% CAP

  • Walgreens just committed for an additional 20 years, after already operating at this location for the past 20 years
  • True hard corner with drive-thru
  • 33,061 cars per day at intersection
  • Infill location with 44,000 people in 1 mile
  • Preferred five-year option structure
  • Walgreens corporate guarantee (NYSE:WAG)
  • True NNN lease with zero management responsibilities
Walgreens

Washington
$4,895,0007.60% CAP

  • Urban infill with very dense population
  • 18,817 people within one mile
  • 210,964 people within five miles
  • Washington has no state income tax
  • 9+ years of firm term remain
Walgreens

Phoenix, Arizona
$4,675,0005.40% CAP

  • Proven, profitable location as evidenced by Walgreens recent 10 year lease extension
  • ~ 13+ years of guaranteed rent from NN lease
  • Densely populated with 75,000 residents in 3 miles
  • Solid Phoenix location just 6 miles from Phoenix Sky Harbor Airport and Arizona State University campus
  • Freestanding building with drive-thru pharmacy
  • NN lease with minimal management responsibilities
Walgreens

Indiana
$4,565,0006.25% CAP

  • Newer store with sales volumes well above average
  • Walgreens has been operating at site for 25 years
  • Approximately 19 years of firm lease term remaining
  • Rare opportunity to purchase a fee-simple Walgreens
    (i.e. dirt and building) for under $5,000,000
  • Walgreens corporate guarantee (NYSE:WAG)
  • Investment grade credit (S&P A+; Moody's Aa3)
  • NNN lease with zero management responsibilities
Walgreens

Mount Prospect, Illinois
$4,510,0005.75% CAP

  • Walgreens just extended lease
  • High performing location
  • Just 20 miles northwest of downtown Chicago
  • Affluent demographic; Avg HH Income $107,022
  • Dense population; 10,189 people within 1 mile
  • 25,000 cars per day at intersection
  • Site is just a 10 minute drive from Walgreens corporate headquarters
  • Preferred option structure (every 5 years vs. 1 year)
  • Walgreens corporate guarantee (NYSE:WAG)
  • Investment grade credit
  • NN lease with minimal management responsibilities
Walgreens

Tyler, Texas
$4,500,0005.00% CAP

  • 20 years of guaranteed income
  • 11% rent increase coming in 5 years
  • Ground Lease -- Land for Sale
  • 90 miles east of Dallas
  • No state income tax; high growth state
  • Over 100,000 people within 5 miles
  • Important strategic location for Walgreens
  • True NNN ground lease with zero management responsibilities
Walgreens

Washington
$4,490,0007.55% CAP

  • Buy a NNN Walgreens with just $729,000 down
  • Self-amortizing loan MUST be assumed
  • Zero net cash flow
  • Significant principal reduction; strong equity buildup
  • Reported sales are strong and above average
  • 19+ years of firm lease term remaining
Walgreens

New England Leasehold
$4,200,0006.85% CAP

  • Leasehold interest is 100% depreciable
  • Requires just $1,455,000 down payment
  • $110,000 in net annual cash flow after debt service
  • 7.5% return on cash (before 100% depreciation)
  • Pure coupon clipper, no management
  • Preferred 10 x 5 year option structure
  • Strong retail trade area
  • Important strategic location for WAG
  • Walgreens corporate guarantee (NYSE:WAG)
  • Investment grade credit
Walgreens

Texas
$4,200,0007.25% CAP

  • Proven performing Walgreens
  • Walmart across the street
  • Texas has no state income tax
  • Customer base is 95% Hispanic
  • 15 years firm term remain on NN lease
  • Higher yield opportunity than on new NNN lease
Walgreens

Ohio
$4,166,2508.00% CAP

  • Sales volumes in top 25% of all Walgreens
  • Walgreens has been operating at site for 14 years
  • In six years loan will be paid off; own free & clear
  • 12.50% return on cash after year 6
  • 6 years of firm lease term remaining
  • Dense population with 118,000 people in 5 miles
Walgreens

Sacramento, California
$4,075,0006.50% CAP

  • Leasehold interest is 100% depreciable
  • 19+ years of guaranteed income
  • Great hard corner in strong retail trade area
  • Pure coupon clipper, no management
  • Preferred 10 x 5 year option structure
  • Important strategic location for WAG
  • Walgreens corporate guarantee (NYSE:WAG)
  • Investment grade credit
Walgreens

NN in Houston, Texas
$3,752,0006.00% CAP

  • Proven, performing store with 20 years of reported sales history
  • Drive-thru pharmacy in very strong retail trade area anchored by Walmart, Home Depot, Kroger, Lowe’s, Target and others
  • ~5.5 years of guaranteed rent from NN lease
  • Dense, urban location in solid retail trade area
  • Over 15,992 residents live in one mile radius
  • Likely a "forever" Walgreens location
  • NN lease with minimal landlord responsibilities
Walgreens

New York Metro Leasehold
$3,075,0008.00% CAP

  • Leasehold interest is 100% depreciable
  • Reported store sales well above average
  • Dense, urban infill
  • Over 20,000 people within 1 mile
  • Approximately 80 miles from New York City
  • Important strategic location for WAG
  • Approximately 8 years remaining on firm lease term
  • 8 x 5 year options