The Boulder Group is pleased to exclusively market for sale a brand new construction Walgreens property

1. NET LEASED INVESTMENT OFFERING
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Walgreens
SWC of 95th Street & Southwest Highway
Oak Lawn, IL 60453 (Chicago MSA)
Actual Rendering

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TABLE OF CONTENTS
TABLE OF CONTENTS
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

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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
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The Boulder Group is pleased to exclusively market for sale a brand new construction Walgreens property located within
a densely populated area of the Chicago MSA. The property replaces a previously successful Walgreens store with strong
sales that lacked a drive-thru. The surrounding area is densely concentrated providing high barriers to entry. The Walgreens
lease is for twenty years and is estimated to commence in February 2015. Walgreens is an investment grade tenant (S&P:
BBB) and is publicly traded on the New York Stock Exchange (WAG) with a market capitalization in excess of $61 billion.
The 61,909 square foot Walgreens property is located along West 95th Street approximately 15 miles southwest from
downtown Chicago. The property is benefitted by its location just off of the prime signalized intersection of West 95th
Street and Southwest Highway, which experiences traffic counts in excess of 71,000 vehicles per day. Interstate 294 is
located less than two miles west of the Walgreens property and experiences traffic counts in excess of 131,000 vehicles
per day. The surrounding area is densely populated with over 18,000 people living within a one mile radius earning
average household incomes in excess of $75,000 annually. Approximately 400,000 people live within a five mile radius
of the property. The Walgreens is located approximately five miles south of Chicago Midway International Airport. Chicago
Ridge Mall, an 833,000 square foot shopping mall that is anchored by Carson Pirie Scott, Kohl’s, AMC Theatres, and Sears
is located approximately three-quarters of a mile to the west of the Walgreens property. Additional retailers located in the
immediate vicinity include Home Depot, Bed Bath & Beyond, Michael’s, Office Depot, Pier 1 Imports, First Midwest Bank,
and McDonalds.
The Walgreens lease is for twenty years and is an absolute triple net. Rent is expected to commence in February 2015. The
brand new construction Walgreens property is a relocation of a previously successful Walgreens store that did not have a
drive thru. Walgreens is an investment grade rated tenant (S&P: BBB) and is publicly traded (NYSE: WAG) with a market
capitalization in excess of $61 billion.
EXECUTIVE SUMMARY
EXECUTIVE SUMMARY
Actual Rendering

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INVESTMENT HIGHLIGHTS
INVESTMENT HIGHLIGHTS
• Located within the Chicago MSA
• Investment grade tenant (S&P: BBB)
• Relocation of a previously successful Walgreens store that did not have a drive-thru
• Long term lease with 20 years remaining
• Brand new construction
• No landlord responsibilities
• Eleven five-year renewal option periods
• Located along West 95th Street, the primary east-west thoroughfare in the area (44,000 VPD)
• Located just off of the major signalized intersection of Southwest Highway and West 95th Street
(71,000+ VPD)
• Densely populated with over 18,000 people living within a one mile radius earning average
household incomes in excess of $75,000 annually
• Approximately 400,000 people living within a five mile radius
• Surrounding area is densely concentrated providing for high barriers to entry
• Located in the immediate vicinity of Chicago Ridge Mall, an 830,000+ square foot mall that is
anchored by Sears, Carson Pirie Scott, Kohl’s, and AMC Theatres
• Additional retailers located in the immediate vicinity include Home Depot, Bed Bath & Beyond,
Michael’s, Office Depot, Pier 1 Imports, First Midwest Bank, and McDonalds

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PROPERTY OVERVIEW
PROPERTY OVERVIEW
Price: $10,761,905
Cap Rate: 5.25%
Net Operating Income: $565,000
Lease Commencement Date: February 1, 2015 (Estimated)
Lease Expiration Date: January 31, 2035 (Estimated)
Renewal Options: Eleven 5-Year
Tenant: Walgreens
Credit Rating: BBB (Standard & Poor’s)
Year Built: 2015
Landlord Obligations: None
Square Feet: 14,550 SF
Land Size: 1.42 acres

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AERIAL
AERIAL
131,000 VPD
2 MILES
W. 95TH STREET
44,000 VPD
SOUTHWEST HIGHWAY
MIDWAY AIRPORT
5 MILES
27,400 VPD
N
294
FORMER

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SITE PLAN
SITE PLAN
N
TENANT
SIGN
West
Adjacent
Parcel
W 95TH STREET
MCVICKER AVENUE
SW HIGHWAY

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MAPS
MAPS

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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 PROFILE
TENANT PROFILE

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DEMOGRAPHIC COMPARISON REPORT
DEMOGRAPHIC COMPARISON REPORT
Population 1-mi 2-mi 3-mi
Total Population 18,037 81,052 162,203
Total Households 6,306 29,716 59,226
Income
Median Household Income $59,421 $51,695 $52,499
Average Household Income $75,812 $66,586 $66,637

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Oak Lawn is a village in Cook County, Illinois and is a southwestern suburb of Chicago. Oak Lawn stands
as a mature community of more than 57,000 residents. Affordable homes in friendly neighborhoods
and quality community services are complemented by a unique assortment of restaurants, business
establishments and retailers. Thanks to its location just outside of Chicago and the close proximity to
Midway Airport, major expressways and rail lines, Oak Lawn continues to be an attractive community for
new businesses and prospective employees.
www.oaklawn-il.gov
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 volume.
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
LOCATION OVERVIEW
LOCATION OVERVIEW

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CONTACT INFORMATION
CONTACT INFORMATION
666 Dundee Road, Suite 1801
Northbrook, IL 60062
Randy Blankstein
President
847.562.0003
randy@bouldergroup.com
Jimmy Goodman
Partner
847.562.8500
jimmy@bouldergroup.com
Actual Rendering