This document provides an offering for a newly constructed Walgreens property located in Lakemoor, Illinois. Key details include a 14,820 square foot building with a long-term net lease of 75 years to investment grade tenant Walgreens. The property benefits from high traffic at the signalized intersection of Illinois Route 120 and Darrell Road which sees over 30,000 vehicles per day. The offering is for $6,961,364 representing a 5.5% capitalization rate with an annual net operating income of $382,875 and no landlord responsibilities under the net lease.

1. NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
Walgreens
SEC of Illinois 120 & Darrell Road
Lakemoor, IL 60051 (Chicago MSA)

2. NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
1) Confidentiality & Disclaimer
2) Executive Summary
3) Property Overview
4) Aerial
5) Site Plan
6) Maps
7) Tenant Profile
8) Demographic Comparison Report
9) Location Overview
10) Contact Information
TABLE OF CONTENTS
TABLE OF CONTENTS

3. NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
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.
CONFIDENTIALITY & DISCLAIMER
CONFIDENTITALITY & DISCLAIMER

4. NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
The Boulder Group is pleased to exclusively market for sale a new construction single tenant net leased Walgreens
property located in the Chicago MSA. The 14,820 square foot Walgreens is scheduled to open in November 2013.
This newly developed Walgreens features a long term NNN lease with 75 years of lease term, which is cancelable
at Walgreens’ option after 25 years. The primary term is five years longer than most new construction Walgreens.
The property is located along Illinois 120, the primary east-west roadway in the immediate area. Walgreens is
strategically positioned at the signalized intersection of Illinois 120 and Darrell Road, creating constant traffic
flow at the site. The signalized intersection of Illinois 120 and Darrell Road experiences traffic volumes in excess
of 30,000 vehicles per day. The property has curb cuts for access on both Illinois 120 and Darrell Road. Illinois
120 has direct access to Highway 12 approximately one and one-half miles east of the property. Highway 12 is
the primary north-south thoroughfare in the area and experiences traffic volumes in excess of 27,000 vehicles
per day. Residents living within three miles of the property earn on average $81,000 annually.
Rent is estimated to commence in November 2013 and the lease has a primary term of 75 years with fifty years
of cancellation options. Walgreens is a publicly traded company on the New York Stock Exchange (WAG), with a
market capitalization of $50 billion. Walgreens is an investment grade company with a Standard & Poor’s rating
of BBB.
INVESTMENT HIGHLIGHTS
• Located within the Chicago MSA
• Long term lease with 75 years (cancelable after 25 years)
• Lease is five years longer than most new construction Walgreens
• Investment grade tenant (S&P: BBB)
• Intersection of Illinois 120 and Darrell Road experiences
traffic volumes in excess of 30,000 VPD
• Average household income in excess of $81,000 annually
• Positioned on a hard corner of a signalized intersection
• Brand new construction in 2013
• Zero landlord responsibilities
EXECUTIVE SUMMARY
EXECUTIVE SUMMARY
September 2013

5. NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
PROPERTY OVERVIEW
PROPERTY OVERVIEW
Price: $6,961,364
Cap Rate: 5.50%
Net Operating Income: $382,875
Lease Commencement Date: November 1, 2013
First Lease Termination Date: October 31, 2038
Lease Expiration Date: October 31, 2088
Cancellation Options: Fifty 1-Year
Tenant: Walgreens
Credit Rating: BBB (Standard & Poor’s)
Year Built: 2013
Landlord Obligations: None
Rentable Square Feet: 14,820
Land Size: 1.60 acres

6. NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
AERIAL
AERIAL
N
23,800 VPD
ILLINOIS ROUTE 120
6,400VPD
DARRELLROAD
SHARED
MONUMENT
SIGN
Detention Basin
Parcel
Future
Outlot
WALGREENS
MONUMENT
SIGN
SHARED
MONUMENT
SIGN
SHARED MONUMENT SIGN
DRIVE
THRU

7. NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
SITE PLAN
SITE PLAN
Detention Basin
Parcel
Future
Outlot
WALGREENS
MONUMENT
SIGN
SHARED
MONUMENT
SIGN
SHARED MONUMENT SIGN
DRIVE
THRU
Subject Property
N
BELVIDERE ROAD/ROUTE 120
DARRELLROAD

8. NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
MAPS
MAPS

9. NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
Walgreens is engaged in retail drugstore business. As of May 31, 2013, the company operated 8,560 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.
Website: www.walgreens.com
Number of Locations: 8,560
Stock Symbol: WAG: NYSE
Standard & Poor’s Rating: BBB
Market Capitalization: $50 billion
TENANT PROFILE
TENANT PROFILE
September 2013

10. NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
Population 3-mi 5-mi 7-mi
Total Population 16,064 81,421 175,164
Total Households 6,072 30,464 62,088
Income
Median Household Income $68,087 $65,402 $63,904
Average Household Income $81,352 $79,297 $79,423
DEMOGRAPHIC COMPARISON REPORT
DEMOGRAPHIC COMPARISON REPORT
September 2013

11. NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
Lakemoor is a village in Lake and McHenry Counties in Illinois approximately 50 miles
northwestfromdowntownChicago.Lakemoorwasoriginallyformedasasummercommunity
however over time, Lakemoor’s population grew as people began to settle in the area due
to the natural beauty and many nature preserves in the area. Lakemoor has experienced
population growth in recent years with the population doubling since 2000.
www.lakemoor.net
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 also 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
LOCATION OVERVIEW
LOCATION OVERVIEW

12. NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
666 Dundee Road, Suite 1801
Northbrook, IL 60062
Randy Blankstein
President
847.562.0003
rblank@bouldergroup.com
Jimmy Goodman
Partner
847.562.8500
jimmy@bouldergroup.com
CONTACT INFORMATION
CONTACT INFORMATION
September 2013September 2013