NET LEASED INVESTMENT OFFERING       Walgreens3909 Mormon Coulee Road      La Crosse, WICONFIDENTIAL OFFERING MEMORANDUM  ...
TABLE OF CONTENTSNET LEASED INVESTMENT OFFERINGTABLE OF CONTENTS1)     Confidentiality & Disclaimer2)     Executive Summar...
CONFIDENTIALITY & DISCLAIMER                                            NET LEASED INVESTMENT OFFERING                    ...
EXECUTIVE SUMMARY                                           NET LEASED INVESTMENT OFFERING                                ...
PROPERTY OVERVIEW                 NET LEASED INVESTMENT OFFERING                      PROPERTY OVERVIEWPrice:             ...
AERIALNET LEASED INVESTMENT OFFERING          AERIAL   www.bouldergroup.com
MAPSNET LEASED INVESTMENT OFFERING           MAPS                                 SITE           SITE   www.bouldergroup.com
TENANT PROFILE                                       NET LEASED INVESTMENT OFFERING                                       ...
DEMOGRAPHIC COMPARISON REPORT                           NET LEASED INVESTMENT OFFERING                     DEMOGRAPHIC COM...
LOCATION OVERVIEW                                          NET LEASED INVESTMENT OFFERING                                 ...
CONTACT INFORMATION            NET LEASED INVESTMENT OFFERING              CONTACT INFORMATION              666 Dundee Roa...
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NNN Walgreens Single Tenant Property For Sale

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triple net leased Walgreens investment property

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NNN Walgreens Single Tenant Property For Sale

  1. 1. NET LEASED INVESTMENT OFFERING Walgreens3909 Mormon Coulee Road La Crosse, WICONFIDENTIAL OFFERING MEMORANDUM www.bouldergroup.com
  2. 2. TABLE OF CONTENTSNET LEASED INVESTMENT OFFERINGTABLE OF CONTENTS1) Confidentiality & Disclaimer2) Executive Summary3) Property Overview4) Maps5) Aerial6) Tenant Profile7) Demographic Comparison Report8) Location Overview9) Contact Information www.bouldergroup.com
  3. 3. CONFIDENTIALITY & DISCLAIMER NET LEASED INVESTMENT OFFERING CONFIDENTIALITY & DISCLAIMERThe information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to bereviewed only by the party receiving it from The Boulder Group and should not be made available to any other person or entitywithout 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 notmade any investigation, and makes no warranty or representation, with respect to the income or expenses for the subjectproperty, the future projected financial performance of the property, the size and square footage of the property andimprovements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with State andFederal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects ofany tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained inthis Marketing Brochure has been obtained from sources we believe to be reliable; however, The Boulder Group has notverified, and will not verify, any of the information contained herein, nor has The Boulder Group conducted any investigationregarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of theinformation provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. www.bouldergroup.com
  4. 4. EXECUTIVE SUMMARY NET LEASED INVESTMENT OFFERING EXECUTIVE SUMMARYThe Boulder Group is pleased to exclusively market for sale a Walgreens built in 2010 located in La Crosse, Wisconsin. This14,500 square foot Walgreens was recently constructed and is located at a signalized intersection. La Crosse is locatedalong the western border of the midsection of Wisconsin and is considered one of the top places to live in the country,according to a 2009 report by U.S. News. La Crosse is home to multiple top companies and the University of Wisconsin-LaCrosse, which has close to 1,000 students.The property is located on Mormon Coulee Road (Highway 14 & 61), which is a major thoroughfare in La Crosse. MormonCoulee Road runs parallel to the Mississippi River through a heavy commercial district abutting the majority of the City’sresidential neighborhoods. The property is located at the signalized intersection of Mormon Coulee Road and LoseyBoulevard. Major retailers in the area include a Wal-Mart Supercenter, Shopko, AutoZone, O’Reilly Auto Parts and AceHardware.Walgreens original lease term was for 25 years with and the lease expires in December 2035. Walgreens’s annual rentalpayment is $384,068 and there are no landlord obligations in the lease. Walgreens is a publicly traded company on the NewYork Stock Exchange (WAG), with a market capitalization of $37 Billion. Walgreens is an investment grade company with aStandard & Poor’s rating of A+.INVESTMENT HIGHLIGHTS Investment grade tenant 24 years remain on the lease with ten 5-year renewal options Property is newly constructed Located on a hard corner at a signalized intersection Zero landlord responsibilities 2009 - U.S. News ranked La Crosse 6th best place to live in the country Adjacent major regional retail attractions including a Wal-Mart Supercenter www.bouldergroup.com
  5. 5. PROPERTY OVERVIEW NET LEASED INVESTMENT OFFERING PROPERTY OVERVIEWPrice: $5,647,000Cap Rate: 6.8%Net Operating Income: $384,068Rental Escalations: NoneRenewal Options: Ten 5-YearLease Commencement Date: January 1, 2010Lease Expiration Date: December 31, 2035Tenant: WalgreensCredit Rating: A+Year Built 2010Lease Type: NNNRentable Square Feet: 14,500Land Acreage: 1.88 www.bouldergroup.com
  6. 6. AERIALNET LEASED INVESTMENT OFFERING AERIAL www.bouldergroup.com
  7. 7. MAPSNET LEASED INVESTMENT OFFERING MAPS SITE SITE www.bouldergroup.com
  8. 8. TENANT PROFILE NET LEASED INVESTMENT OFFERING TENANT PROFILEWalgreens is engaged in retail drugstore business. As of November 2010, the Company operated 8,131locations in all 50 states, the District of Columbia, Puerto Rico and Guam. That includes 7,650 drugstores, 503more than a year ago, including 291 stores acquired over the last 12 months. The company also operatesworksite health centers, home care facilities, and specialty and mail service pharmacies. Its Take Care HealthSystems subsidiary manages more than 700 in-store convenient care clinics and worksite health and wellnesscenters. The Company’s drugstores are engaged in the retail sale of prescription and non-prescription drugsand general merchandise. General merchandise includes, among other things, household items, personalcare, convenience foods, beauty care, photofinishing, candy, and seasonal items. Walgreens offers customersthe choice to have prescriptions filled at the drugstore counter, as well as through the mail, by telephone, andthrough the Internet. In January 2010, the Company announced that it has completed the acquisition of theassets of 12 Eaton Apothecary pharmacies.Website: www.walgreens.comNumber of Locations: 8,131Stock Symbol: WAG : NYSEStandard & Poors Rating: A+Market Capitalization: $37 Billion www.bouldergroup.com
  9. 9. DEMOGRAPHIC COMPARISON REPORT NET LEASED INVESTMENT OFFERING DEMOGRAPHIC COMPARISON REPORTPopulation 1-mile 3-mile 5-mileTotal Population 8,366 36,124 51,166Total Households 3,890 15,759 21,153IncomeMedian Household Income $42,143 $41,814 $41,354Average Household Income $60,223 $62,376 $61,095 www.bouldergroup.com
  10. 10. LOCATION OVERVIEW NET LEASED INVESTMENT OFFERING LOCATION OVERVIEW La Crosse is located on the western border of the midsection of Wisconsin, on a broad alluvial plain along the east side of the Mississippi River. Several other cities and towns are located in the La Crosse area, including Onalaska, Holmen, and West Salem, Wisconsin. In 2009, U.S. News ranked La Crosse 6th best place to live in the country.La Crosse is home to three regional colleges and universities. These include the public University of Wisconsin–LaCrosse and Western Technical College, as well as the Roman Catholic Viterbo University. La Crosse County’s 10largest employers, as ranked by the Wisconsin Department of Workforce Development and Office of EconomicAdvisors, based on March 2007 statistics: Gundersen Lutheran Medical Center, Franciscan Skemp Medical Center,Trane, School District of La Crosse, La Crosse County government, University of Wisconsin–La Crosse (The universityhas about 785 full-time employees and 568 part-time employees, for a total of 1,353 employees), Kwik Trip,CenturyTel (now CenturyLink), Wal-Mart, and the City of La Crosse.The La Crosse Municipal Airport provides direct scheduled passenger service to Minneapolis, Detroit and Chicago.The city is served by several major highways and Interstate, including Interstate 90, U.S. Highway 14, U.S. Highway 53,U.S. Highway 61, Wisconsin State Highway 35, Wisconsin State Highway 16, and Wisconsin State Highway 33. On theMississippi River, cargo is transported to and from this area to St Paul and St Louis, using towboats, primarily movingdry bulk cargo barges for coal, grain, and other low-value bulk goods.La Crosse and the surrounding communities form a regional commercial center and shopping hub. In thenortheastern part of the city lies the regions largest shopping center, Valley View Mall. The surrounding area includesnumerous big-box stores, and many restaurants. Other shopping centers in the La Crosse region include Three RiversPlaza, Marsh View Center, Shelby Mall, Jackson Plaza, Bridgeview Plaza, and the Village Shopping Center. DowntownLa Crosse has continued to grow in recent years, providing shopping, farmers markets, hotels, restaurants, specialtyshops, and events at La Crosse Center alongside the Mississippi River. www.bouldergroup.com
  11. 11. CONTACT INFORMATION NET LEASED INVESTMENT OFFERING CONTACT INFORMATION 666 Dundee Road | Suite 1801 Northbrook, IL 60062Randy Blankstein Jimmy GoodmanPresident Partner847.562.0003 847.562.8500rblank@bouldergroup.com jimmy@bouldergroup.com www.bouldergroup.com

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