6.00% CAP Rate $5,600,000. DeerfieldPartners. John Giordani Art Griffith (415) Actual Store

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1 Actual Store Low Price & Great Value $5,6, 6.% CAP Rate Open & paying rent--available for immediate sale Lower price point and great value Offered free & clear; loans available today with as little as $1,4, cash down Dense population with ~9,5 people in 1 mile Preferred five-year option structure Walgreens corporate guarantee (NYSE:WAG) Investment grade credit True NNN lease with zero management responsibilities

2 Investment Summary Price CAP Annual Income Firm Lease Term Rent Increases Debt $5,6, 6.% $336, ~14 years firm until first option to terminate None. Flat for term like 99 out of 1 Walgreens leases. Buyer to obtain new debt at market. Attractive loans available. Please call to discuss options. About This Investment Opportunity This is a unique opportunity for investors who might only have ~ $1,4, in cash to acquire a Walgreens NNN lease and secure 14+ years of true NNN income guaranteed by NYSE:WAG. (Deal is offered free and clear...but with price at $5.6M and loans available as high as 75% LTV, an investor would only need to come up with ~$1.4M to acquire this property today.) The store is on the site of a lumber yard that stood in town for years on a major intersection in the southern-most part of the city. This is the only Walgreens in town, and the only other national drugstore competition is a CVS/pharmacy a little more than one mile north. Solid Demographics, Excellent Visibility and Ample Parking 1 Mile 3 Mile 5 Mile Population 9,469 3,88 39,581 Avg. HH Income $46,666 $61,515 $64,115 This is arguably the most prominent corner and intersection on the southside of town. There are homes on the north side, a warehouse on the west, a light industry and auto repair facility on the east side and a car wash to the southeast side and a carry out south of the store.

3 Photos of Actual Store

4 Property Details Address City State 2 West Market St. Troy Ohio Year Built Bldg Size 23 14,82 Sq. Ft. Lease Summary Tenant Rent Start Date Rent Increases Lease Term Options at Year 26 Landlord Responsibilities Walgreens (NYSE:WAG) July 23 None 75 years Tenant may terminate lease every 5 years with 12 months notice. None. Lease is truly triple-net (NNN). Zero landlord cost exposure. Regional Map / About Troy (Dayton) Ohio Troy is a city in Miami County, Ohio. It is roughly equi-distant from Cinncinnati and Columbus...just over an hour drive to each city. The population was 25,58 at the 21 census. It is the county seat of Miami County as well as the largest city in the county and is part of the Dayton Metropolitan Statistical Area. The Dayton metropolitan area is the metropolitan area centered on Dayton, Ohio. It is the fourth largest metropolitan area in the state of Ohio, behind Cincinnati, Cleveland, and Columbus. According to an article in the Cincinnati Enquirer, as Greater Cincinnati grows northward through Butler County, its outer suburbs are expected to expand and begin to overlap the Greater Dayton area. Such a concept has already received the nickname of Daytonnati. The two metropolitan areas were expected to be combined after tabulation of the 21 Census, but this did not occur.

5 Close Up Aerial Photo Showing Great Site Access

6 Cincinnati, OH 74 miles 1 hour 13 minute drive time

7 Columbus, OH 79 miles 1 hour 13 minute drive time

8 About Walgreens Walgreens is the #1 pharmacy in America by any measure. Founded in 191, and traded on the New York Stock Exchange (NYSE:WAG), Walgreens operates 8,385 locations in all 5 states, the District of Columbia and Puerto Rico. Walgreens is widely regarded as the safest, most secure single-tenant NNN leased investment property because of its strong balance sheet and market capitalization. For the fiscal year ended August 31, 212: Gross revenue was $71.6 Billion Net profit was $2.1 Billion Net worth was $18.2 Billion Financial Highlights For the years ended August 31, 212 and 211 (In millions, except per share amounts) Increase (Decrease) Net Sales $71,633 $ 72,184 (.8%) Net Earnings (1) $ 2,127 $ 2,714 (21.6%) Adjusted Net Earnings (2) $ 2,565 $ 2,71 (5.4%) Net Earnings per Common Share (diluted) (1) $ 2.42 $ 2.94 (17.7%) Adjusted Net Earnings per Common Share (diluted) (2) $ 2.93 $ 2.93 Shareholders Equity $18,236 $ 14, % Return on Average Shareholders Equity 12.9% 18.6% Locations Openings New Locations Acquisitions Closings Net Openings Locations (1) 8,385 8,21 8,46 7,496 6,934 Sales Area (2) 87,49 85,619 83,719 78,782 72,585 Product Class Sales Prescription Drugs 63% 65% 65% 65% 65% Non-prescription Drugs (3) 12% 1% 1% 1% 1% General Merchandise (3) 25% 25% 25% 25% 25% (1) Includes drugstores, worksite health and wellness centers, infusion and respiratory services facilities, specialty pharmacies and mail service facilities. (2) In thousands of square feet. (3) Based on store scanning information.

9 Experience Walgreens 212 Milestones Walgreens is the nation s largest drugstore chain, with fiscal 212 net sales of $71.6 billion and net earnings of $2.1 billion. The Company has 24, employees. Cash flow from operations for fiscal 212 was a record $4.4 billion, with free cash flow also setting a record of $2.9 billion. The Company continued to return significant cash to shareholders, with $1.2 billion in share repurchases and $787 million in dividends. The Company announced a truly game-changing, strategic partnership with Alliance Boots to create the first global pharmacy-led, health and wellbeing enterprise. Walgreen Co. closed on the first phase of the transaction in August, acquiring a 45 percent stake. In July, the Company signed a multiyear agreement with Express Scripts, consistent with our principles, to participate in its broadest retail pharmacy network. On September 15, customers began returning to Walgreens. The Company also recently launched its innovative Balance TM Rewards loyalty program, its next significant step in making Walgreens the first choice for health and daily living. To continue to expand and integrate our pharmacy, health and wellness offering, Walgreens acquired USA Drug, Crescent Pharmacy and certain assets of BioScrip, adding pharmacy locations in the U.S. mid-south, and additional infusion and specialty pharmacy services to its portfolio. Walgreens continued the expansion of its Well Experience pilot format with nearly 35 stores opened across the chain by the end of fiscal 212. In addition, the Company now has flagship stores in Chicago, New York, Las Vegas and Puerto Rico, with additional locations planned for fiscal 213. The Company continued to develop its multichannel capabilities with new mobile innovations. With Transfer by Scan, customers can transfer prescriptions using their mobile device. QuickPrints helps customers print mobile phone photos in just one hour, and In Store Maps makes items easy to find at any Walgreens location. Walgreens was named to Fortune magazine s World s Most Admired Companies list for the 19th consecutive year, and was ranked 32nd on the Fortune 5 list of largest U.S.-based companies. At Walgreens, we re on a mission to help customers get, stay and live well. To do that, we re making health and happiness more accessible to more people every day. We re bringing our pharmacists out from behind the counter, so customers can get the expertise they need to feel a little more healthy. Our in-store beauty advisors help shoppers find the perfect shade of lipstick for a little boost of happy. Our online store and apps bring customers instant access to an endless aisle of products and advice, like live chat with a pharmacist. And our new loyalty program Balance Rewards offers happy savings and healthy incentives in perfect balance. Walgreens. At the Corner of Happy and Healthy About the Cover

10 Rankings & Ratings Fortune magazine America s Most Admired Companies published March 213 Walgreens ranked fifth among food and drugstores and is listed for the 2th consecutive year. Fortune magazine 5 Largest U.S.-Based Companies published May 213 Walgreens ranked 37th overall in revenue, third among food and drugstores. Fortune magazine Global 5 Largest Companies published July 213 Walgreens ranked 12th overall in revenue. Forbes Global 2 published April 212 Walgreens ranked 22th on this list of the 2 largest public companies worldwide. Fast Company magazine Fast 5 issue published February 213 Walgreens ranked as the 7th most innovative health care company for its leadership in redefining the role of the pharmacy. The magazine cited new mobile app features that help patients manage their medications as well as the company s partnerships with the CDC and the Department of Health and Human Services to expand in-store HIV testing, which created a new standard for the patient-pharmacy relationship. Fortune magazine Global Most Admired Companies published March 17, 28 Walgreens ranked seventh among food and drugstores and No. 36 among the 5 most admired companies. Fortune magazine 4 Best Stocks To Retire On published June 23, 28 Walgreens made the list of recommended Bargain Growth stocks. Forbes Platinum 4 List published January 12, 29 Walgreens again made this list of the best performing big companies in the United States

11 Walgreens Stores Nationwide Walgreens Additional Points of Care 183 (as of August 31, 211): Infusion and respiratory 15 services facilities Mail-order facilities 2 On-site pharmacies in hospitals and medical centers 137 Specialty pharmacies 9 Take Care Clinics Worksite health and wellness centers 355

12 Drugstore Count 8, 15% 7, Total Drugstores 6, 5, 4, 3, 1% 5% YOY % Growth 2, 1, Total Drugstores 3,52 3,88 4,224 4,579 4,95 5,415 5,885 6,443 6,997 7,562 7,761 YOY % Growth 11.2% 1.2% 8.9% 8.4% 8.1% 9.4% 8.7% 9.5% 8.6% 8.1% 2.6% Free Standing 8% 8% 8% 82% 84% 85% 86% 87% 88% 85% 85% 24 Hour 23% 23% 26% 3% 31% 29% 28% 25% 23% 21% 21% 1 Hour Photo 98% 98% 98% 99% 99% 98% 97% 97% 97% 94% 93% Drive-Thru 78% 78% 78% 8% 82% 84% 85% 86% 87% 85% 84% % Revenue 8, 2% 7, 6, 15% Revenue ($ in Millions) 5, 4, 3, 1% YOY % Growth 2, 5% 1, Revenue 24,623 28,681 32,55 37,58 42,22 47,49 53,762 59,34 63,335 67,42 72,184 YOY % Growth 16.1% 16.5% 13.3% 15.4% 12.5% 12.3% 13.4% 9.8% 7.3% 6.4% 7.1% % Net Income 3, 3 2 Net INcome ($ in Millions) 2, 1, Net Income 875 1,8 1,165 1,35 1,56 1,751 2,41 2,157 2,6 2,91 2,714 YOY % Growth 14.2% 15.2% 15.6% 15.9% 15.5% 12.3% 16.6% 5.7% -7.% 4.2% 29.8% Profit Margin 3.6% 3.5% 3.6% 3.6% 3.7% 3.7% 3.8% 3.7% 3.2% 3.1% 3.8% * - * Adjusted NI = $2,441 excluding sale of WHI. YOY% Growth = 16.7%. Net Margin = 3.4%.

13 Demographics - 1 Mile Radius Trends Annual Rate (in percent) Area State USA Population Households Families Owner HHs Median HH Income Population by Age Percent Household Income 213 Population by Race $25K - $34K 15.3% $15K - $24K 12.5% <$15K 21.% $35K - $49K 14.1% $2K+.3% $15K - $199K 1.% $1K - $149K 6.1% Percent $75K - $99K 12.4% 1 $5K - $74K 17.3% White Black Am. Ind. Asian Pacific Other Two+

14 Demographics - 1 Mile Radius

15 Demographics - 3 Mile Radius Trends Annual Rate (in percent) Area State USA Population Households Families Owner HHs Median HH Income Population by Age Percent Household Income $25K - $34K 13.3% $15K - $24K 11.3% 213 Population by Race 9 8 $35K - $49K 12.6% <$15K 13.8% 7 6 $2K+ 1.5% $15K - $199K 2.4% Percent $5K - $74K 17.6% $1K - $149K 11.9% 2 1 $75K - $99K 15.6% White Black Am. Ind. Asian Pacific Other Two+

16 Demographics - 3 Mile Radius

17 Demographics - 5 Mile Radius Trends Annual Rate (in percent) Area State USA Population Households Families Owner HHs Median HH Income Population by Age Percent Household Income $25K - $34K 12.6% $15K - $24K 11.3% 213 Population by Race 9 8 $35K - $49K 12.4% <$15K 12.6% 7 6 $2K+ 1.8% $15K - $199K 2.8% Percent $5K - $74K 18.4% $1K - $149K 12.9% 2 1 $75K - $99K 15.3% White Black Am. Ind. Asian Pacific Other Two+

18 Demographics - 5 Mile Radius