BERZACK. exclusive single tenant offering. 6% CAP - Walgreens. 410 Old Polk City Road Lakeland, FL WARREN BERZACK. Principal

Transcription

1 exclusive single tenant offering 6% CAP - Walgreens Lee & Associates LA North/Ventura, Inc. Corporate ID # A Member of the Lee & Associates Group of Companies Ventura Blvd., Suite 100 Sherman Oaks, CA P: F: WARREN Principal Lic. # wberzack@lee-re.com

2 TENANT DESCRIPTION Glory. Walgreens Boots Alliance (NASDAQ:WBA), headquartered in Deerfield, IL, is the largest retail pharmacy in the U.S. and Europe with sales of $103.4 billion and a presence in more than 25 countries. The company s brands include retailers Walgreens and Duane Reade; pharmaceutical manufacturing and distribution company Boots and Alliance Healthcare and health and beauty products companies No7; Botanics, Liz Earle and Soap & The company operates 13,200 retail stores in 11 countries and wholesales and distributes to more than 230,000 pharmacies, doctors, health care centers and hospitals in more than 20 countries. In the fourth quarter ended Aug. 30, 2016, Walgreens Boots Alliance reported GAAP net earnings increased to $1.0 billion or $0.95 per share on a diluted basis on sales of $28.6 billion. Sales increased 2.5 percent compared to the fourth quarter of 2015, and earnings rose from $0.02 in the year-ago period. For fiscal 2016 net earnings decreased 1.1 percent to $4.2 billion or $3.82 per diluted share compared to Sales for the same period increased 13.4 percent to $117.4 billion compared to 2015, an increase attributed to the inclusion of Alliance Boots results and an increase at Retail Pharmacy USA. Walgreens merged with Alliance Boots in December 2014.

3 FINANCIAL INDICATORS: PROPERTY ABSTRACT: LIST PRICE: $4,450,000 Type: Drugstore (Retail) Down Payment: $4,450,000 Walgreens Down Payment %: % Lease Began: January 1, 2002 Lease Expires: January 1, 2027 Cap Rate: 6.02% Built: 2002 Approx. Lot Size: 98,446 Net Square Feet: 15,007 NEW FINANCING AVAILABLE: 1st loan % Amortization Annual PMT $0 4.00% 30 years-due in 10 $0 ANNUALIZED OPERATING DATA: Annual Rents Cap Rate Cash Flow % Return $267,840 1/1/2002 to 12/31/ % $267, % $267,840 Option Periods (Ten, 5-year options) 6.02% $267, % DESCRIPTION For more information: WARREN LEE & ASSOCAITES wberzack@lee-re.com Walgreens Boots Alliance, Inc. operates as a pharmacy-led health and wellbeing company. The company operates through three segments: Retail Pharmacy USA, Retail Pharmacy International, and Pharmaceutical Wholesale. As of August 31, 2015, this segment operated 8,173 retail stores under the Walgreens and Duane Reade brands in the United States; and 7 specialty pharmacy locations, as well as managed approximately 400 Healthcare Clinics. The Retail Pharmacy International segment sells prescription drugs; and health, beauty, toiletry, and other consumer products through its pharmacy-led health and beauty stores, as well as through boots.com and BootsWebMD.com. It is also involved in optical practice and related contract manufacturing operations. This segment operated 4,582 retail stores under the No7, Boots Pharmaceuticals, Botanics, Liz Earle, Soap & Glory, and only at Boots brand names in the United Kingdom, Mexico, Chile, Thailand, Norway, the Republic of Ireland, the Netherlands, and Lithuania; and 637 optical practices in the United Kingdom. The Pharmaceutical Wholesale segment engages in the wholesale and distribution of specialty and generic pharmaceuticals, health and beauty products, and home healthcare supplies and equipment, as well as provides services to pharmacies and other healthcare providers. Walgreens Boots Alliance, Inc. was founded in 1901 and is based in Deerfield, Illinois.

4 PROPERTY PHOTOS Unit Type Rent Market 1 $0 $0 2 $0 $0 3 $0 $0 4 $0 $0 5 $0 $0 6 $0 $0 7 $0 $0 8 $0 $0 9 $0 $0 10 $0 $0 11 $0 $0 12 $0 $0 13 $0 $0 14 $0 $0 15 $0 $0 Total: $0 $0 Annual Rent: $0 $0

5 AREA INFORMATION Located in Florida s Polk County midway between Tampa and Orlando, Lakeland, FL is ideally situated along the fast growing Interstate 4 Corridor. Within the city limits, Lakeland s population numbers 100,710, however, the Lakeland-Winter Haven MSA is far larger and home to 613,950 residents. Lakeland offers a diversified economy that includes agriculture, food processing, manufacturing, trucking, construction and professional services. Private employers account for 37,587 jobs in the city. Among the largest employers are Lakeland Regional Medical Center, Key Safety Systems, Fedex, Publix and GEICO. Lakeland households have a median income of $36,495. The city is both named for and characterized by its 38 lakes many connected by biking and walking trails. Lake activities include boating, fishing and bird watching. Lakeland also offers numerous indoor entertainment activities including performances at the historic Polk Theater and a myriad of sporting events and concerts at The Lakeland Center. Just 56 miles away, Orlando offers famed theme parks Disney World, Legoland Florida Resort and Universal Orlando. DEMOGRAPHIC SUMMARY Total Population Average Household Income 1-mile radius 6,386 $62,933 5-mile radius 81,954 $58,324

6 AERIAL MAP SITE PLAN