Walgreens. 309 U.S. 287 (Baseline Road & Highway 287) Boulder (Lafayette), CO

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1 Phone: Fax: Walgreens 309 U.S. 287 (Baseline Road & Highway 287) Boulder (Lafayette), CO Price: $4,700,000 In Place NOI: $331,817 Cap: 7.06% 7.22 Year Lease If Buyer Accepts Walgreen's 10 Year Lease Extension Proposal: NOI: $285,363 Cap: 6.07% Year Lease Walgreens Co. (NYSE:WAG) approached landlord to extend lease for an additional 10 years for a 14% rent reduction 7.22 years currently remaining on NN lease which expires 2/28/2021 ($25,000 roof escrow transferred to buyer at closing) Excellent Boulder Colorado location Area tenants: Walmart Supercenter, McDonald s, Chili s, Conoco Gas, Domino s, Discount Tire, & King Scoopers Supermarket 8 miles from the University of Colorado Boulder with 28,894 students $157,818 of amortization in 2014 and $23,059 of existing cash flow based on existing debt $2,950,000 to pay off existing debt - includes interest prepay

2 Whisper Walgreens Valley Ranch Investment Property Baseline Line Road Overview Map & Highway 287 Boulder, CO PROPERTY OVERVIEW: EXP Realty Advisors exclusively presents for sale a Walgreens located in Boulder (Lafayette), Colorado. The building is 15,120 sf, on 1.72 acres of land. The property sits at the corner of Baseline Road and Highway 287. Tenants in the immediate area include a Walmart Supercenter, McDonald s, Chili s, Conoco Gas, Domino s, Discount Tire, and a King Scoopers Supermarket. The Lafayette Recreation Department and Lafayette Public Library are located within a mile down Baseline Road. The University of Colorado Boulder is located 8 miles West of the property. The property has not experienced any flooding. The property is 15 miles from Denver, CO. The University of Colorado Boulder is the flagship University of the State of Colorado, and is one of 34 U.S. public institutions belonging to the prestigious Association of American Universities (AAU). The University of Colorado Boulder has an enrollment of 29,894 students. Lafayette, CO is located in Boulder County, which is part of the Denver-Aurora MSA with a population of 3,214,218. Boulder County is the sixth most populous of the 64 counties of the state of Colorado. Lafayette is a strong supporter of economic development. The city is located just northwest of Denver in the southeast corner of Boulder County. The community offers the convenience of easy access to a major metropolitan area. Lafayette s location, accessibility, and high quality of life combine to make the city a desirable location for residential, commercial, and light industrial development. Boulder is the 11th most populous city in the U.S. state of Colorado. The Boulder MSA had a gross metropolitan product of $18.3 billion in 2010, making it the 110th largest metropolitan economy in the United States. Businessweek Magazine calls Boulder the best place to start a business in Colorado. TENANT OVERVIEW: Walgreen Co. (NYSE: WAG S&P: Investment Grade): BBB Walgreen Co., together with its subsidiaries, operates a network of drugstores in the United States. The company sells prescription and non-prescription drugs; and general merchandise, including household products, convenience and fresh foods and personal care. As of May 7, 2013, it operated 8,086 drugstores in 50 states, the District of Columbia, and Puerto Rico. The company also operates approximately 700 worksite health and wellness centers, and in-store convenient care clinics in the United States. Walgreen Co. was founded in 1901 and is based in Deerfield, Illinois. INVESTMENT SUMMARY NN Rent: $331,817 (with 7.2 year lease) $285,363 (with 17.2 year lease) Debt Service: $308,758 (includes $25,000 roof escrow) Cash Flow: $23,059 (existing) Loan $157,801 Amortization 2014: Loan Balance $2,227,707 as of 12/15/13: Loan Payoff: $2,950,000 (includes prepaid interest) Bld. Sq Ft: Land Size: Defeasance: 15,120 sf 1.72 acres None Lease Type: Double Net (sale comes with approximately $25,000 roof escrow) (landlord has roof structure and parking lot) INVESTMENT OVERVIEW

3 Whisper Walgreens Valley Ranch Investment Property Baseline Line Road Overview Map & Highway 287 Boulder, CO Cost to Required Free Debt Cash Amortized Debt payoff buyer with Equity for Cash Loan Amort and Lease term Rent Cap Price balance as on Cash on with interest buyer prepaying loan loan Flow in 2014 clear of Cash Cash pre pay assumption cap rate at closing 7.22 year lease (existing) 331, % 4,700,000 2,227,707 2,472,293 23, % 157, % 2,950,000 5,422, % year lease (as proposed by Walgreens at rent less 14%) 285, % 4,700,000 2,227,707 2,472,293 23, % 157, % 2,950,000 5,422, % Current lease expires on 2/28/2021. Loan is due on 1/15/2021 with a $857, balance or can be paid at any time with prepaid interest. Cash Flow Equity Amortized Cash on Cash Loan Amortization ,059 2,472, % 145, ,059 2,472, % 155, ,059 2,472, % 166, ,059 2,472, % 178, ,059 2,472, % 191, ,059 2,472, % 205, ,059 2,472, % 220,541 LOAN INFORMATION

4 Walgreens Baseline Road & Highway 287 Boulder, CO Black Diamond Plaza Lafayette Public Library AERIAL PHOTOGRAPH

5 Walgreens Baseline Road & Highway 287 Boulder, CO Lafayette Recreation Department Lafayette Elementary School AERIAL PHOTOGRAPH

6 Walgreens Baseline Road & Highway 287 Boulder, CO LOCATION MAP

7 Walgreens Baseline Road & Highway 287 Boulder, CO LOCATION MAP

8 Whisper WalgreensValley Ranch Property Baseline Line Road Map & Highway 287 Boulder, CO Radius 1 Mile 3 Mile 5 Mile Population: 2017 Projection 10,917 45, , Estimate 10,162 41,591 92, Census 9,908 40,007 88,499 Growth % 8.60% 9.70% Growth % 4.00% 4.30% 2012 Population By Hispanic Origin 1,599 6,267 10, Population by Race: White 8,852 36,139 80,911 Black or African American ,033 American Indian and Alaska Native Asian 343 1,546 4,214 Native Hawaiian and Pacific Islander Other Race 396 1,809 2,768 Two or More Races 335 1,275 2,775 Households: 2017 Projection 4,398 17,990 38, Estimate 4,056 16,406 35, Census 3,966 15,849 33,969 Growth % 9.70% 10.70% Growth % 3.50% 3.60% Owner Occupied 2,713 11,682 26,696 Renter Occupied 1,342 4,724 8, Avg Household Income $84,303 $89,546 $101, Med Household Income $62,206 $66,689 $81, Per Capita Income $34,398 $35,431 $38, Households by Household Inc: Income Less than $15, ,302 2,171 Income $15,000 - $24, ,175 1,962 Income $25,000 - $34, ,470 2,327 Income $35,000 - $49, ,875 3,190 Income $50,000 - $74, ,190 6,503 Income $75,000 - $99, ,030 4,855 Income $100,000 - $149, ,734 7,260 Income $150,000 - $199, ,406 3,785 Income $200, ,223 3,153 Contact Us EXP Realty Advisors 118 East 28 th Street Suite #901 New York, NY Our Team Robert P. James President rob@exp1031.com Daniel de Sa Director of Sales Phone: (212) dan@exp1031.com DEMOGRAPHIC DATA