nnn retail investment property for sale

1. NET LEASED INVESTMENT OFFERING
Walgreens
1090 High Street
Hamilton, OH (Cincinnati MSA)
CONFIDENTIAL OFFERING MEMORANDUM
www.bouldergroup.com

2. TABLE OF CONTENTS
NET LEASED INVESTMENT OFFERING
TABLE OF CONTENTS
1) Confidentiality & Disclaimer
2) Executive Summary
3) Property Overview
4) Site Plan
5) Aerial
6) Maps
7) Tenant Profile
8) Demographic Comparison Report
9) Location Overview
10) Contact Information
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3. CONFIDENTIALITY & DISCLAIMER
NET LEASED INVESTMENT OFFERING
CONFIDENTIALITY & DISCLAIMER
The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be
reviewed only by the party receiving it from The Boulder Group and should not be made available to any other person or entity
without the written consent of The Boulder Group. This Marketing Brochure has been prepared to provide summary,
unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property.
The information contained herein is not a substitute for a thorough due diligence investigation. The Boulder Group has not
made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject
property, the future projected financial performance of the property, the size and square footage of the property and
improvements, the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and
Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of
any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in
this Marketing Brochure has been obtained from sources we believe to be reliable; however, The Boulder Group has not
verified, and will not verify, any of the information contained herein, nor has The Boulder Group conducted any investigation
regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the
information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.
www.bouldergroup.com

4. EXECUTIVE SUMMARY
NET LEASED INVESTMENT OFFERING
EXECUTIVE SUMMARY
The Boulder Group is pleased to exclusively market for sale a single tenant net leased Walgreen’s located within the
Cincinnati metropolitan area. This 13,905 square foot Walgreen’s was built in 1999 and is located in northern Cincinnati.
Hamilton is located less than twenty miles north of downtown Cincinnati. Hamilton is on the border of Fairfield Township, one
of the fastest-growing areas of the greater Cincinnati market.
The property is located on High Street also known as State Route 129. State Route 129 is a four lane east-west highway that
becomes a two lane street in Hamilton. The subject property is benefited by a traffic signal at State Road 129 and Erie Street.
Over 23,800 vehicles per day pass the site daily with two points of ingress and egress.
One mile south of the property is Miami University–Hamilton Campus (regional campus of Miami University in Oxford, Ohio).
Miami University-Hamilton is a commuter campus with current enrollment (2010) of approximately 5,000 students.
Walgreen’s original lease term was for 20 years with eight 5-year renewal options and the lease expires in September 2019.
Walgreen’s is a publicly traded company on the New York Stock Exchange (WAG), with a market capitalization of $35 Billion.
Walgreen’s is an investment grade company with a Standard & Poor’s rating of A+.
Investment Highlights
Investment grade tenant
Property is located within the Cincinnati MSA
Signalized intersection with high traffic volumes
Located within close proximity to Miami
University-Hamilton Campus
Dense area with high barriers to entry
Irreplaceable location along one of the most
heavily trafficked roadways of Hamilton
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5. PROPERTY OVERVIEW
NET LEASED INVESTMENT OFFERING
PROPERTY OVERVIEW
Price: $4,580,645
Cap Rate: 7.75%
Net Operating Income: $355,000
Rental Escalations: None
Renewal Options: Eight 5-Year
Lease Commencement Date: September 26, 1999
Lease Expiration Date: September 30, 2019
Tenant: Walgreens
Credit Rating: A+
Year Built 1999
Lease Type: NN (roof, structure, parking lot replacement)
Rentable Square Feet: 13,905
Land Acreage: 1.58 Acres
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6. SITE PLAN
NET LEASED INVESTMENT OFFERING
SITE PLAN
Al Steward St.
High Street (SR 129)
(SR 4)
Erie Blvd
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7. AERIAL
NET LEASED INVESTMENT OFFERING
AERIAL
D
VP
0
, 50
10
LJ Smith
Park
13,300
VPD
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8. MAPS
NET LEASED INVESTMENT OFFERING
MAPS
SITE
SITE
SITE
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9. TENANT PROFILE
NET LEASED INVESTMENT OFFERING
TENANT PROFILE
Walgreens is engaged in retail drugstore business. As of November 2010, the Company operated 8,131
locations in all 50 states, the District of Columbia, Puerto Rico and Guam. That includes 7,650 drugstores, 503
more than a year ago, including 291 stores acquired over the last 12 months. The company also operates
worksite health centers, home care facilities, and specialty and mail service pharmacies. Its Take Care Health
Systems subsidiary manages more than 700 in-store convenient care clinics and worksite health and wellness
centers. The Company’s drugstores are engaged in the retail sale of prescription and non-prescription drugs
and general merchandise. General merchandise includes, among other things, household items, personal
care, convenience foods, beauty care, photofinishing, candy, and seasonal items. Walgreens offers customers
the choice to have prescriptions filled at the drugstore counter, as well as through the mail, by telephone, and
through the Internet. In January 2010, the Company announced that it has completed the acquisition of the
assets of 12 Eaton Apothecary pharmacies.
Website: www.walgreens.com
Number of Locations: 8,131
Stock Symbol: WAG : NYSE
Standard & Poors Rating: A+
Market Capitalization: $35 Billion
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10. DEMOGRAPHIC COMPARISON REPORT
NET LEASED INVESTMENT OFFERING
DEMOGRAPHIC COMPARISON REPORT
Population 1-mile 3-mile 5-mile
2009 Total Population 12,573 69,917 122,293
2009 Total Households 4,533 27,751 47,308
2009 Daytime Population 13,040 51,462 87,797
Income
2009 Median Household Income $33,499 $42,184 $48,259
2009 Average Household Income $42,887 $56,049 $63,122
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11. LOCATION OVERVIEW
NET LEASED INVESTMENT OFFERING
LOCATION OVERVIEW
Cincinnati is a city in the U.S. state of Ohio and the third largest city in the
state. According to a 2008 Census Bureau estimate, the Cincinnati
metropolitan area had a population of 2,155,137 making it the largest MSA in
Ohio (surpassing Cleveland, which ranks 26th), and the 24th most populous
in the United States. Cincinnati is home to major sports teams, including the
Cincinnati Reds and the Cincinnati Bengals, and it sponsors annual events
such as the Cincinnati Masters tennis tournament, the Ohio Valley Jazz
Festival, and the Thanksgiving Day race. Cincinnati is home to the University of Cincinnati and Xavier University.
Altogether, nine Fortune 500 companies and fifteen Fortune 1000 companies are headquartered in the Cincinnati
area. With nine Fortune 500 company headquarters in Cincinnati, the region ranks in the nation's Top 10 markets for
number of Fortune 500 headquarters per million residents, higher than New York, Boston, Chicago, or Los Angeles.
The largest employer in Cincinnati is the University of Cincinnati, with 15,862 employees. Kroger is the second largest,
with 15,600 employees.
The City of Hamilton, the County Seat of Butler County, is an important regional center of business, industry, culture,
and government. Located in Southwest Ohio, the City of Hamilton is part of the Cincinnati metropolitan area. With big
city amenities and small town charm, Hamilton continues to retain the character of the city's past while sharpening its
focus for the future.
www.bouldergroup.com

12. CONTACT INFORMATION
NET LEASED INVESTMENT OFFERING
CONTACT INFORMATION
666 Dundee Road | Suite 1801
Northbrook, IL 60062
Randy Blankstein Jimmy Goodman
President Partner
847.562.0003 847.562.8500
rblank@bouldergroup.com jimmy@bouldergroup.com
www.bouldergroup.com