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Randy Blankstein | President
847.562.0003
rblank@bouldergroup.com
Jimmy Goodman |Partner
847.562.8500
jimmy@bouldergroup.c...
Randy Blankstein | President
847.562.0003
rblank@bouldergroup.com
Jimmy Goodman |Partner
847.562.8500
jimmy@bouldergroup.c...
NET LEASE OPPORTUNITY
Randy Blankstein | President
847.562.0003
rblank@bouldergroup.com
Jimmy Goodman |Partner
847.562.850...
NET LEASE OPPORTUNITY
Randy Blankstein | President
847.562.0003
rblank@bouldergroup.com
Jimmy Goodman |Partner
847.562.850...
NET LEASE OPPORTUNITY
Randy Blankstein | President
847.562.0003
rblank@bouldergroup.com
Jimmy Goodman |Partner
847.562.850...
NET LEASE OPPORTUNITY
Randy Blankstein | President
847.562.0003
rblank@bouldergroup.com
Jimmy Goodman |Partner
847.562.850...
NET LEASE OPPORTUNITY
Randy Blankstein | President
847.562.0003
rblank@bouldergroup.com
Jimmy Goodman |Partner
847.562.850...
NET LEASE OPPORTUNITY
Randy Blankstein | President
847.562.0003
rblank@bouldergroup.com
Jimmy Goodman |Partner
847.562.850...
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Single tenant-walgreens-for-sale

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single tenant net leased walgreens for sale

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Single tenant-walgreens-for-sale

  1. 1. Randy Blankstein | President 847.562.0003 rblank@bouldergroup.com Jimmy Goodman |Partner 847.562.8500 jimmy@bouldergroup.com www.bouldergroup.com Walgreens 4755 West Broad Street Columbus, Ohio Representative Rendering NET LEASED INVESTMENT OFFERING
  2. 2. Randy Blankstein | President 847.562.0003 rblank@bouldergroup.com Jimmy Goodman |Partner 847.562.8500 jimmy@bouldergroup.com www.bouldergroup.com CONFIDENTIALITY & DISCLAIMER 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
  3. 3. NET LEASE OPPORTUNITY Randy Blankstein | President 847.562.0003 rblank@bouldergroup.com Jimmy Goodman |Partner 847.562.8500 jimmy@bouldergroup.com www.bouldergroup.com WALGREENS - COLUMBUS, OH 4755 W Broad Street, Columbus, OH 43228 EXECUTIVE SUMMARY Representative Rendering WALGREENS - COLUMBUS, OH The Boulder Group is pleased to exclusively market for sale a single tenant Walgreens property located in Columbus, Ohio. The 14,820 square foot property is positioned along Broad Street in Columbus. Broad Street is a heavily trafficked east-west thoroughfare with traffic counts in excess of 38,000 vehicles per day and has a full interchange with Interstate 270 less than one-quarter mile from the property. Broad Street is home to retailers such as Kohl’s, Target, Home Depot, Hobby Lobby and hhgregg. Directly across from the property is a Giant Eagle and Jo-Ann Fabrics anchored shopping center. Doctor’s Hospital, a 213 bed facility, is located approximately a quarter mile to the west of the property. Additionally, the recently completed $400 million Hollywood Casino is located approximately one mile from the property. The building is situated on 2.05 acres and was built in 2009. There are approximately twenty years remaining on this absolute net lease that expires February 29, 2034. Walgreens is a publicly traded company (NYSE: WAG) with a market capitalization in excess of $70 billion and is an investment grade rated tenant (S&P: BBB). Walgreens currently operates 8,600 locations in all 50 states, the District of Columbia, Puerto Rico, and Guam.
  4. 4. NET LEASE OPPORTUNITY Randy Blankstein | President 847.562.0003 rblank@bouldergroup.com Jimmy Goodman |Partner 847.562.8500 jimmy@bouldergroup.com www.bouldergroup.com Price: Cap Rate: Credit: Building Size: Site Size: Year Built: $7,823,009 5.65% Investment Grade (S&P: BBB) 14,820 SF 2.05 Acres 2009 Lease Start Date: Lease Expiration: Net Operating Income: Renewal Options: Rental Escalations: Lease Type: February 2, 2009 February 29, 2034 $442,000 50 Years None NNN Representative Rendering PROPERTY OVERVIEW WALGREENS - COLUMBUS, OH 4755 W Broad Street, Columbus, OH 43228
  5. 5. NET LEASE OPPORTUNITY Randy Blankstein | President 847.562.0003 rblank@bouldergroup.com Jimmy Goodman |Partner 847.562.8500 jimmy@bouldergroup.com www.bouldergroup.com PROPERTY HIGHLIGHTS  Located within the Columbus MSA  Long term lease with approximately 20 years remaining  Investment grade rated tenant (S&P: BBB)  Broad Street is a primary east-west thoroughfare with traffic counts in excess of 38,000 vehicles per day and the property is located approximately one-quarter mile from a full interchange with Interstate 270  One mile from the recently completed $400 million Hollywood Casino  One-quarter mile east of Doctor’s Hospital, a 213 bed facility  Over 200,000 people living within a five mile radius of the property  Located within a strong retail corridor near many national retailers such as Target, Home Depot, Hobby Lobby, and Kohl’s  No landlord responsibilities DEMOGRAPHICS Population: Total Households Avg. Household Income: 1-MILE 14,514 5,748 $42,239 3-MILE 93,012 36,741 $52,034 5-MILE 203,281 79,735 $60,274 WALGREENS - COLUMBUS, OH
  6. 6. NET LEASE OPPORTUNITY Randy Blankstein | President 847.562.0003 rblank@bouldergroup.com Jimmy Goodman |Partner 847.562.8500 jimmy@bouldergroup.com www.bouldergroup.com Aerial WALGREENS - COLUMBUS, OH
  7. 7. NET LEASE OPPORTUNITY Randy Blankstein | President 847.562.0003 rblank@bouldergroup.com Jimmy Goodman |Partner 847.562.8500 jimmy@bouldergroup.com www.bouldergroup.com TENANT OVERVIEW Walgreens is engaged in retail drugstore business. The company operates 8,600 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 (NYSE: WAG) with a market capitalization in excess of $70 billion and is an investment grade rated tenant (S&P: BBB). WALGREENS - COLUMBUS, OH Website: www.walgreens.com Number of Locations: 8,600 Stock Symbol: WAG : NYSE Standard & Poor’s Rating: BBB Market Capitalization: $70 billion
  8. 8. NET LEASE OPPORTUNITY Randy Blankstein | President 847.562.0003 rblank@bouldergroup.com Jimmy Goodman |Partner 847.562.8500 jimmy@bouldergroup.com www.bouldergroup.com LOCATION OVERVIEW Columbus is the largest city in the state of Ohio and the county seat of Franklin County. At the time of the 2010 U.S. Census, Columbus had a population of 787,000, making it the most popu- lous city in Ohio. Columbus has a diverse economy based on education, government, insurance, banking and energy. Columbus is most notably home to The Ohio State University. The Ohio State University is one of the world’s largest universities with a student population of over 64,000. Co- lumbus has also emerged as a leader in the technology industry and is home to the world’s larg- est private research and development foundation, Battelle Memorial Institute. In 2009, Busi- nessWeek named Columbus the best place in the country to raise a family. Additionally, Columbus was ranked as America’s 20th best city by Bloomberg BusinessWeek. Columbus is home to five Fortune 500 corporations including Nationwide Mutual Insurance Com- pany, American Electric Power, Limited Brands, Momentive Specialty Chemicals and Big Lots. Oth- er major employers in Columbus include JP Morgan Chase, Huntington Bancshares and Wendy’s. Columbus is most recognized as the home to The Ohio State University. Ohio State University is one of the largest universities in the world with a student population of over 64,000 and over 27,000 employees. www.cityofcolumbus.org WALGREENS - COLUMBUS, OH

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