major metro walgreens

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1 major metro walgreens 21 years remaining [ actual store ] absolute net lease hard corner signalized intersection 4515 South 900 East, Salt Lake City, UT Click for Map [ ]

2 investment highlights Absolute net WALGREENS IN a metro area ranked AMONG the Top 50 metros in the US. population of APPROXIMATELY 350,000 in a 5-mile radius. Utah has the 2nd lowest unemployment rate in the country (at 3.7%) and is one of the most educated states in the country. PRICE: $8,796,117 CAP: 5.15% Rentable SF...13,650 SF Lot size AC Current Rent... $33.19/SF Year built Listing Team Contact Info John Andreini jandreini@capitalpacific.com (415) CA BRE# Chris Kostanecki ck@capitalpacific.com (415) CA BRE# In Conjunction with UT Licensed Broker: Andrew T. Knight New England Commercial Brokerage, Andrew@NECBrokerage.com (860) Capital Pacific collaborates. Click Here to meet the rest of our San Francisco team. [ actual store ] Walgreens 2

3 core characteristics excellent retail location Hard corner signalized intersection with excellent visibility. Immediate area retailers include Walmart, Smith s Food & Drug, US Bank, Wells Fargo, 7-Eleven, Subway, Pizza Hut, and many others. strategic location Benefiting from traffic counts of 22,065 VPD on East 4500 South and 21,875 VPD on South 900 East. There are 346,000+ people within a 5-mile radius. Population growth is projected in 1, 3 & 5 mile radii. SLC ranks No. 4 on forbes best cities for tech jobs When it comes to the local economy, Salt Lake City continues to rank favorably in everything from job growth to cost of living. Not only has Salt Lake City s economic success been praised as the New Gold Standard and the Wall Street of the West, it s earned a spot on numerous lists such as: Best Cities for Tech Jobs, Best Metropolitan in Job Creation, Best Performing Cities in the U.S., and Best Places for Business and Careers. 346,000+ Residents with average incomes exceeding $77K within a 5-mile radius corporate credit tenant (see page 9 for Details) Walgreens is the largest drugstore chain in the U.S. with fiscal 2015 sales of more than $80 billion. lease Highlights Original 25-year lease with 21 years remaining. No Landlord responsibilities. Tenant administers all expenses directly. [ actual store ] Walgreens 3

4 aerial benefitting from traffic counts of 43,940 VPD at the intersection of E 4500 S & South 900 E n Highla South 900 E 21,875 DAILY Crestview Elementary e 89 S 900 East d Driv MEADOWBROOK GOLF COURSE S 700 E Summit Christian Academy James E. Moss Elementary W4 S E 4500 S 266 E 4500 S 22,065 DAILY State Street E 4500 South Olympus Junior High School E Murray Holladay Road MICK RILEY GOLF COURSE Wasatch Charter School St. Vincent DePaul Catholic School n Va THE 53RD le ink W Horizon Elementary 2 15 Twin Peaks Elementary 5300 S Murray High School Spring Lane Elementary 5400 S THE COTTONWOOD CLUB South 900 E 15 Viewmont School Riverview Junior High School Cottonwood High School Highland Drive Hillcrest Jr. High School Bonneville Junior High School DOWNTOWN SALT LAKE CITY Walgreens 4

5 income & expense PRICE $8,796,117 Price Per Square Foot: $ Capitalization Rate: 5.15% Total Rentable Area (SF): 13,650 STABILIZED INCOME Per Square Foot Scheduled Rent $33.19 $453,000 LESS Per Square Foot Taxes NNN $0.00 Insurance NNN $0.00 Total Operating Expenses NNN $0.00 EQUALS NET OPERATING INCOME $453,000 This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. [ actual store ] Walgreens 5

6 rent roll TENANT INFO LEASE TERMS RENT SUMMARY Tenant Name Sq. Ft. Term Yearly Rent Monthly Rent Monthly Rent/FT Yearly Rent/FT Walgreens 13,650 9/1/2012 8/31/2087 $453,000 $37,750 $2.77 $33.19 Totals: 13,650 After the 300th month (8/31/2037), Tenant shall have the right to terminate the lease. If Tenant shall elect to exercise such option, Tenant shall send notice to Landlord at least 12 months prior to the date the lease shall terminate. This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. Walgreens 6 [ actual store ]

7 site plan 266 E 4500 S 22,065 DAILY PROPOSED PYLON SIGN Site Plan Key Parcel outline: Land Area: acres Building Area: 13,650 sf Ingress/Egress: 21,875 DAILY South 900 East Drive Thru This site plan is a rendering that has been created based on sources we believe to be reliable, however we make no representations or warranties, expressed or implied, as to the accuracy of the rendering. Buyer must verify the information and bears all risk for any inaccuracies. Walgreens 7

8 Surrounding Area photos Walgreens 8

9 walgreens boot alliance overview Walgreens Boots Alliance (NASDAQ: WBA) is the first global pharmacy-led health and well-being enterprise in the world. The company was created through the combination of Walgreens and Alliance Boots of England in December 2014, bringing together two leading companies with iconic brands, complementary geographic footprints, shared values and a heritage of trusted health care services through pharmaceutical wholesaling and community pharmacy care, dating back more than 100 years. WBA is the parent company of Walgreen Co. Walgreens provides about 80% of the revenue and profits of WBA. The parent company employs over 370,000 people and has a presence in more than 25 countries. It is the largest retail pharmacy, health and daily living destination in the USA and Europe. Walgreens Boots Alliance has more than 13,100 stores. The company includes the largest global pharmaceutical wholesale and distribution network with over 350 distribution centers delivering to more than 200,000 pharmacies, doctors, health centers and hospitals each year in 19 countries. In addition, Company: No. of Retail Locations: company profile Walgreens Boots Alliance (Parent) Walgreen Co. (Subsidiary) 13,100 (as of 2/2015) 8,173 (as of 8/31/2015) Credit Rating: S&P: BBB S&P: BBB Total Sales: $ Billion $80.97 Billion Net Income: $4.22 Billion (A) Net Worth: $31.3 Billion N/A Website: com (A) Based on footnote information in the WBA public reports, Walgreens Co. provides about 80% of the net income of WBA. Talk to broker for details. Walgreens Boots Alliance is the world s largest purchaser of prescription drugs and many other health and wellbeing products. Its portfolio of retail and business brands includes Walgreens, Duane Reade, Boots and Alliance Healthcare. top 5 world s most admired companies March TH OUT OF 2000 LARGEST GLOBAL PUBLIC COMPANIES May 2015 Walgreens is largest drugstore chain in the U.S. with fiscal 2015 sales of more than $80 billion. Founded with a single store in Chicago in 1901, Walgreens today has more than 8,170 drugstores. Walgreen Co. has announced it will acquire Rite-Aid, subject to regulatory approval. If approved, this will happen in the latter half of m customers visit walgreens stores daily Walgreens 9

10 regional map regional map walgreens location 22,065 DAILY E 4500 S salt lake city 9 MILES Walgreens 10

11 location About Salt Lake City, UT Salt Lake City is the capital and most populous municipality in UT. It has an International Airport, Free Trade Zone, seven world class ski resorts, opera and ballet companies, and the Salt Lake City Symphony orchestra. It is also home to the University of Utah, which is one of the world s leading research institutions, especially renowned for its biomedical and chemical discoveries. Over the last decade Utah s favorable economy and highly educated population have attracted tech businesses and produced some of the most successful startups. In fact, the Wasatch Front, which runs from Provo to Salt Lake City to Ogden, is known as Silicon Slopes. Top Silicon Valley companies such as Adobe, Electronic Arts and Twitter have flocked to Utah for its lower taxes, more flexible regulatory environment, and spectacular natural amenities. Perhaps most crucial of all may be housing prices: three-quarters of Salt Lake area households can afford a median-priced house, compared to 45% in Silicon Valley and about half that in San Francisco. Goldman Sachs Group, Inc. (NYSE: GS) is slowly building Salt Lake City into what some have called the Wall Street of the West. The company has built a substantial presence in the area since it first placed employees there in Other financial firms with a presence in the Salt Lake City area include Fidelity Investments, the Royal Bank of Scotland and Wells Fargo & Company. Another major financial player in Utah is Zions Bancorporation - a financial holding company headquartered in Salt Lake City providing commercial and retail banking services along with mortgage lending products. Population 1-Mile 3-Mile 5-Mile , , , , , , , , , Household incomes 1-Mile 3-Mile 5-Mile Average $65,275 $71,497 $77,124 Top Employers in salt lake city Employer # of Employees* Huntsman Corporation. 16,000 Zions Bancorporation 10,400 Questar 1,745 Overstock.com 1,500 *Approximate Walgreens 11

12 A unique HUMAN RESULTS-DRIVEN client experience The capital pacific experience - our daily commitment to our clients [ ] [ actual store ] John Andreini jandreini@capitalpacific.com (415) CA BRE# In Conjunction with UT Licensed Broker: Andrew T. Knight New England Commercial Brokerage, Inc. Andrew@NECBrokerage.com (860) Capital Pacific collaborates. Click Here to meet the rest of our San Francisco team. chris kostanecki chris peters dave lucas zandy smith jack navarra zeb ripple john andreini joe caccamo gregg steele karla zens [ Copyright 2016 Capital Pacific ]