The Boulder Group is pleased to exclusively market for sale a single tenant net leased Walgreens property located within the Chicago MSA.

1. WALGREENS
732 West Old Ridge Road, Hobart, IN 46342 (Chicago MSA)
NET LEASE INVESTMENT OFFERING

2. TABLE OF CONTENTS
TABLE OF CONTENTS
NET LEASE INVESTMENT OFFERING
TABLE I. Executive Summary
Executive Summary
Investment Highlights
Property Overview
II. Location Overview
Photographs
Site Plan
Aerial
Map
III. Market & Tenant Overview
Demographics
Market Overview
Tenant Overview

3. DISCLAIMER
STATEMENT:
DISCTALABILMEE ORF S CTOATNETMEENNTST
NET LEASE INVESTMENT OFFERING
The information contained in the following Offering Memorandum 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 Offering Memorandum 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.
The information contained in this Offering Memorandum 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.

4. NET LEASE INVESTMENT OFFERING
The Boulder Group is pleased to exclusively market for sale a single tenant net leased Walgreens property located
within the Chicago MSA. This Walgreens location has exceptional store sales and is positioned at the hard corner
of a signalized intersection. Walgreens has successfully operated at this location since 2001 and recently executed
an early ten year lease extension demonstrating their commitment to this location. There are 17 years remaining on
the Walgreens lease that expires on December 31, 2031. Walgreens is an investment grade rated company (S&P:
BBB) and is publicly traded (NYSE: WAG) with a market capitalization in excess of $61 billion.
The 15,120 square foot Walgreens building is strategically located at the signalized intersection of West Old Ridge
Road and North Wisconsin Street. West Old Ridge Road is a primary thoroughfare in the market. The property features
multiple points of ingress and egress and is easily accessible in all directions. The property is located approximately
two and one-half miles from access to Interstate 65. The surrounding area is densely concentrated with single family
homes. There are over 42,000 people living within a three mile radius of the property. The Walgreens is benefitted
from its location in the immediate proximity to a Strack & Van Til grocery store.
There are over 17 years remaining on the recently extended Walgreens lease that expires on December 31, 2031.
This Walgreens has excellent store sales and has successfully operated at this location since 2001. Walgreens is an
investment grade rated company with a Standard and Poor’s rating of BBB.
EXECUTIVE
SUMMARY:
EXECUTIVE SUMMARY

5. NET LEASE INVESTMENT OFFERING
INVESTMENT
HIGHLIGHTS:
• Located within the Chicago MSA
• Investment grade tenant (S&P: BBB)
• Long term lease with over 17 years remaining
• Proven location as evidenced by the early lease extension
• Strong store sales
• Successful operating history at this location since 2001
• Positioned at the hard corner of a signalized intersection
• Located in the immediate vicinity to a Strack & Van Til grocery store
• West Old Ridge Road is a primary thoroughfare in the market
INVESTMENT HIGHLIGHTS

6. NET LEASE INVESTMENT OFFERING
PROPERTY
OVERVIEW: Price: $6,358,174
Cap Rate: 5.75%
Net Operating Income: $365,595
Lease Commencement Date: December 28, 2001
Lease Expiration Date: December 31, 2031
Renewal Options: Five 5-Year
Tenant: Walgreens
Credit Rating: BBB (Standard & Poor’s)
Year Built: 2001
Landlord Obligations: NN (Roof, Structure & Parking Lot)
Building Size: 15,120 Square Feet
Land Size: 1.57 Acres
PROPERTY OVERVIEW

7. NET LEASE INVESTMENT OFFERING
PHOTOGRAPHS

8. NET LEASE INVESTMENT OFFERING
SITE PLAN
WISCONSIN STREET
WASHINGTON STREET
RID GE ROAD

9. NET LEASE INVESTMENT OFFERING
AERIAL
W. OLD RIDGE ROAD
N WISCONSIN STREET

10. NET LEASE INVESTMENT OFFERING
MAP
Lake Michigan

11. NET LEASE INVESTMENT OFFERING
DEMOGRAPHICS
Population 1-mi 3-mi 5-mi
Total Population 8,934 42,080 112,363
Total Households 3,661 16,235 42,953
Income 1-mi 3-mi 5-mi
Median Household Income $44,217 $44,334 $38,439
Average Household Income $53,321 $55,110 $49,967
DEMOGRAPHIC
REPORT:

12. NET LEASE INVESTMENT OFFERING
Hobart is a city in Lake County, Indiana. The city is located approximately thirty-one
miles southeast from downtown Chicago just south of Lake Michigan. As of the 2010
US Census, Hobart had a population of 29,059 people. Hobart is benefitted by its
accessibility to several major Interstates including Interstate 80 and Interstate 65.
www.cityofhobart.org
Chicago is the most populous city in the Midwestern United States and the third most populous
city in the United States with 2,700,000 residents. Chicago is the county seat of Cook County,
the second largest county in the United States. The Chicago MSA is the third most populated
metropolitan area in the United States with 9,580,567 residents. The MSA covers over 1,300 square
miles and six counties. The Chicago metropolitan area is home to the corporate headquarters of 57
Fortune 1000 companies, including Boeing, McDonald’s, Motorola, Discover Financial Services and United Airlines.
Chicago is a major hub for industry, telecommunications and infrastructure and O’Hare International Airport is the
second busiest airport in the world in terms of traffic movement.
The metro is a major financial center in North America, and is home to the largest futures exchange in the United
States, the CME Group. Chicago is third in the world on the Global Financial Centers Index which ranks the
competitiveness of financial centers based on people, business environment, market access, infrastructure and
general competitiveness.
www.cityofchicago.org
MARKET
OVERVIEW:
MARKET OVERVIEW

13. NET LEASE INVESTMENT OFFERING
Walgreens is engaged in retail drugstore business. The company operates 8,217 locations in all 50 states, the District
of Columbia, Puerto Rico and Guam. 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 715 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 September 2013, Walgreens announced that its
acquisition of Kerr Drug and its 76 locations.
Walgreens is a publicly traded company on the New York Stock Exchange, WAG, with a market capitalization in
excess of $61 billion. Walgreens is an investment grade rated company with a Standard and Poor’s rating of BBB.
Website: www.walgreens.com
Number of Locations: 8,217
Stock Symbol: WAG: NYSE
Standard & Poor’s Rating: BBB
Market Capitalization: $61 billion
TENANT
OVERVIEW:
TENANT OVERVIEW

14. 666 Dundee Road, Suite 1801
Northbrook, IL 60062
www.bouldergroup.com
Randy Blankstein
President
847.562.0003
randy@bouldergroup.com
Jimmy Goodman
Partner
847.562.8500
jimmy@bouldergroup.com