The Boulder Group is pleased to exclusively market for sale a recently construction single tenant net lease Walgreens property located in the Chicago MSA

1. WALGREENS (Chicago MSA | 22 Years Remaining)
28895 West Highway 120
Lakemoor, IL 60051
NET LEASE INVESTMENT OFFERING

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

3. 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.
DISCLAIMER
STATEMENT:
DISCLAIMER STATEMENT
NET LEASE INVESTMENT OFFERING

4. NET LEASE INVESTMENT OFFERING
EXECUTIVE
SUMMARY:
The Boulder Group is pleased to exclusively market for sale a recently construction single tenant net leased Walgreens property
located in the Chicago MSA. This recently developed Walgreens features a long term lease with over twenty-two years remaining.
The absolute triple net Walgreens lease expires on October 31, 2038 and features no landlord responsibilities.
The 14,820 square foot Walgreens property is located along Highway 120 which is the primary east-west thoroughfare in the area.
Walgreens is strategically positioned at the signalized intersection of Highway 120 and Darrell Road, creating constant traffic
flow at the site. The signalized intersection of Highway 120 and Darrell Road experiences traffic volumes in excess of 30,000
vehicles per day. The property has curb cuts for access on both Highway 120 and Darrell Road. Highway 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 30,000 vehicles per day. The surrounding area is affluent with average
household incomes within a three mile radius in excess of $92,000 annually.
Walgreens is the largest drug retailing chain in the United States and has over 8,100 locations in the U.S.A. Walgreens is publicly
traded on the New York Stock Exchange (WBA) with a market capitalization in excess of $86 billion. Both Walgreen Co. and
Walgreens Boots Alliance, Inc. are investment grade rated each with a Standard & Poor’s rating of BBB.
EXECUTIVE SUMMARY

5. NET LEASE INVESTMENT OFFERING
INVESTMENT
HIGHLIGHTS:
• Located within the Chicago MSA
• Rare long term lease with over 22 years remaining
• Triple net lease with no landlord responsibilities
• Investment grade tenant (S&P: BBB)
• Intersection of Highway 120 and Darrell Road experiences traffic volumes in excess of 30,000 VPD
• Average household income in excess of $92,000 annually
• Positioned on a hard corner of a signalized intersection
• Brand new construction in 2013
INVESTMENT HIGHLIGHTS

6. NET LEASE INVESTMENT OFFERING
PROPERTY
OVERVIEW:
PROPERTY OVERVIEW
Price: $7,362,981
Cap Rate: 5.20%
Net Operating Income: $382,875
Lease Commencement Date: October 21, 2013
Lease Expiration Date:: October 31, 2038
Renewal Options: Fifty 1-Year
Tenant: Walgreens
Credit Rating: Investment Grade (S&P: BBB)
Year Built 2013
Building Size: 14,820
Land Size: 1.60 acres
Lease Type: NNN

7. NET LEASE INVESTMENT OFFERING
PHOTOGRAPHS

8. NET LEASE INVESTMENT OFFERING
AERIAL
SHARED
MONUMENT
SIGN
Detention Basin
Parcel
Future
Outlot
WALGREENS
MONUMENT
SIGN
SHARED
MONUMENT
SIGN
SHARED MONUMENT SIGN
DRIVE
THRU
DARRELLROAD(6,4020VPD)
HIGHWAY 120 (23,800 VPD)

9. NET LEASE INVESTMENT OFFERING
SITE PLAN
Detention Basin
Parcel
Future
Outlot
WALGREENS
MONUMENT
SIGN
SHARED
MONUMENT
SIGN
SHARED MONUMENT SIGN
DRIVE
THRU
Subject Property
BELVIDERE ROAD/HIGHWAY 120
DARRELLROAD

10. NET LEASE INVESTMENT OFFERING
MAPS
Lake Michigan

11. NET LEASE INVESTMENT OFFERING
MAPS
Lake Michigan

12. NET LEASE INVESTMENT OFFERING
Population 3-Mile 5-Mile 7-Mile
Total Population 17,028 82,176 175,984
Total Households 6,462 30,961 62,858
Income 3-Mile 5-Mile 7-Mile
Median Household Income $78,137 $74,032 $69,797
Average Household Income $92,164 $87,487 $87,495
DEMOGRAPHIC
REPORT:
DEMOGRAPHIC REPORT

13. NET LEASE INVESTMENT OFFERING
Lakemoor is a village in Lake and McHenry Counties in Illinois approximately 50 miles northwest from downtown
Chicago. Lakemoor was originally formed as summer community 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.
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. Chica-
go 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.
MARKET
OVERVIEW:
MARKET OVERVIEW

14. NET LEASE INVESTMENT OFFERING
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. The Retail Pharmacy USA segment
sells prescription drugs and an assortment of general merchandise, including non-prescription drugs, beauty products, photo finishing,
seasonal merchandise, greeting cards, and convenience foods through its retail drugstores and convenient care clinics. It also provides
specialty pharmacy services; and manages in-store clinics under the brand Healthcare Clinic. 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. Walgreens Boots Alliance, Inc. was founded in 1901 and is based in Deerfield,
Illinois.
The Walgreen Company is the largest drug retailing chain in the United States. The company is publicly traded on the NASDAQ
(WBA) with a market capitalization in excess of $86 billion. Both Walgreen Co. and Walgreens Boots Alliance, Inc. are investment
grade rated each with a Standard & Poor’s rating of BBB.
Website: www.walgreens.com
Number of Locations: 8,173
Stock Symbol: WBA : NASDAQ
Standard & Poor’s Rating: BBB
Market Capitalization: $86 Billion
TENANT OVERVIEW
TENANT
OVERVIEW:

15. 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