FOR SALE SINGLE TENANT NET-LEASED PROPERTY

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1 FOR SALE SINGLE TENANT NET-LEASED PROPERTY Property Features: Rare Walgreens Offering with 10% Rental Increases Triple Net Lease - No Management Strong Investment Grade Credit Rating - S&P BBB rating Walgreens is the Largest Drugstore Chain in the U.S. with More than $72 Billion in Annual Sales Hard Corner Location with Great Visibility, Frontage, and Ingress/ Egress Dense Population - Over 200,000 People within a 5-mile Radius Price: $8,000,000 CAP Rate: 5.16% For further information, please contact:

2 Single Tenant Net-Leased Property For Sale Investment Offering PRICE: $8,000,000 CAP RATE: 5.16% LEASE TERM: 7/6/2009-7/31/2084 TENANT: Walgreens, Co., an Illinois Corporation BUILDING: 14,820 ± S.F. LOT: 73,181 ± S.F. (1.68 ± A.C.) OWNERSHIP TYPE: Fee Simple (Buyer is acquiring the Land and Building) BUILT: 2009 The subject offering consists of a newer, build-to-suit construction single tenant, free-standing Walgreens Drug Store with drive-up pharmacy lane in the City of Modesto, California. The property is encumbered by a 75-year Triple Net (NNN) Lease with over 20-years of corporate guaranteed lease term and 50-years of additional lease term should the Tenant not exercise its termination rights as outlined in the lease summary (to note most newer Walgreens leases have Tenant friendly lease termination options every year after the initial lease period, and this is one of the few Walgreens on the market with the more Landlord friendly 5-year termination options after the initial period). This Corporate Guaranteed lease has VERY RARE built in 10% rental increase beginning in July of 2034 and continuing every 10-years thereafter (most typical Walgreens leases are flat, fixed rent for the entire term including the option periods). This is one of the few Walgreens on the market, nationally, with the opportunity of rental increases. The subject property is located within the one of Modesto s newest and most affluent master planned residential communities. Village One, as it is referred to, is a 1,800-acre community of approximately 8,000 residents located in the southeastern portion of Modesto and encompasses not only a portion of Modesto but is located nearby the cities of Ceres to the south and Riverbank to the east. The subject property is located on an oversized hard corner parcel at the intersection of Floyd Avenue and Roselle Avenue which boost traffic counts in excess of 27,000 cars per day. Located immediately across the street from the property is Village One Plaza, a newly constructed 105,658 square foot shopping center anchored by Raley s Supermarkets. Other notable Tenant s in the Shopping Center include Panda Express, River City Bank, Edward Jones, Great Clips, Village One Dental, Mountain Mikes Pizza, Edible Arrangements, Raley s Fuel Station plus many more. Tenant Overview Walgreens Co. (NYSE: WAG) is the largest drugstore chain in the United States, operating over 8,600 drugstores in all 50 U.S. States the District of Columbia, Puerto Rico, Guam and the United States Virgin Islands. The Walgreens Co. is headquatered in Deerfield, Illinois Revenue: $72.2 Billion Number of Locations: 8,688 (as of April 2014) Credit Rating: BBB (Standard & Poor s) - Baa1 (Moody s) Founded in 1901, Walgreens provides the most convenient access to consumer goods and services, and pharmacy, health and wellness services, in America. The company has recorded 35 consecutive years of record sales, a track record matched by only one other Fortune 500 company. Walgreens had a record 2013, achieving $72.2 billion in sales and Walgreens continues to show growth in both store numbers and sales. In the fourth quarter of 2013 Walgreens reported a 26.9% jump in sales over the same quarter of In 2013 Walgreens was named to Fortune magazine s World s Most Admired Companies list for the 20th consecutive year, and was ranked 37th on the Fortune 500 list of largest U.S.-based companies. The company was also ranked 120th overall in revenue on the Fortune Global 500 largest companies list. For more information on Walgreens please visit:

3 Single Tenant Net-Leased Property For Sale Lease Summary Tenant: Lease Term: Lease Type: Current Rent: Scheduled Rent: Walgreens Co., an Illinois Corporation July 6, 2009 thru July 31, 2084 (75 Years) Triple-Net (NNN) $34, monthly / $413, annually Years $34, monthly / $413, annually Years 26-35* - $37, monthly / $454, annually - (10% Increase) Years 36-45* - $41, monthly / $499, annually - (10% Increase) Years 46-55* - $45, monthly / $549, annually - (10% Increase) Years 56-65* - $50, monthly / $604, annually - (10% Increase) Years 66-75* - $55, monthly / $665, annually - (10% Increase) * Tenant has the option at the end of the 25th year of the lease term and subsequently at the end of each 5 year period thereafter to terminate the lease by providing Landlord with no less than six (6) months prior notice. Expenses: Tenants Right To Purchase: Tenant is responsible for Property Taxes, Property Insurance, and Repair and Maintenance of the Interior and Exterior of the Leased Premises, including the roof. Landlord is responsible for the Repair and Maintenance of the Structural Elements of the Leased Premises. Tenant must excercise within 20 days of notice.

4 Single Tenant Net-Leased Property For Sale Subject Property

5 Single Tenant Net-Leased Property For Sale Location Overview: Modesto, California Modesto is the County Seat of Stanislaus County in the Central Valley of California and offers the diversity and facilities of a metropolitan city, but still maintains an atmosphere of old-fashioned hospitality and small town charm. Modesto is the 16th largest city in California with a population exceeding 210,000 people and is also part of the Modesto Census County Division, which includes the cities of Ceres and Riverbank and has a population of 312,842 as of the 2010 Census. Modesto is located 90 miles north of Fresno, 92 miles east of San Francisco, 68 miles south of the state capital of Sacramento and 66 miles west of Yosemite National Park. Transportation routes Interstate 5 and California State Route 99 provide major highway access to Modesto as well as California State Route 132, which links the City to Interstate 580, providing commuter access to highways into the San Francisco Bay Areas. California State Route 108 connects to Oakdale, California and east to the Sierra Nevada foothills. Modesto is additionally served by one of the busiest rail corridors in the country. The Amtrak San Joaquin makes eight daily stops on the route between Oakland and Bakersfield, and four stops daily on the route between Sacramento and Bakersfield. In terms of economy, Modesto is surrounded by some of the most productive farmland in the world, the county grossed nearly $3.1 billion in agricultural production in 2011, led by milk, almonds, chickens, walnuts, and corn silage. Modesto is also home to the largest winery in the world, E & J Gallo Winery. The Gallo Glass Company, a company of Gallo Winery, is the largest wine bottle manufacturing company in the world and provides thousands of office and manufacturing jobs to Stanislaus County residents. Other major privately owned companies based in Modesto include Foster Farms, Royal Robbins, Fiscalini Cheese, Sciabica Olive Oil, Acme Construction, and Aderholt Specialty. Other major employers also include Del Monte Foods, Frito-Lay, Seneca Foods, and Olam.

6 Single Tenant Net-Leased Property For Sale Property Photos

7 Single Tenant Net-Leased Property For Sale Neighboring Properties

8 Single Tenant Net-Leased Property For Sale Accessors Parcel Map

9 Single Tenant Net-Leased Property For Sale Demographics

10 Single Tenant Net-Leased Property For Sale Disclaimer Commercial Retail Associates, Inc. hereby advises all prospective buyers of property as follows: The information contained in this Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Commercial Retail Associates, Inc. and should not be made available to any other person or entity without the written consent of Commercial Retail Associates, Inc. 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. Commercial Retail Associates, Inc. and it s Agents has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Commercial Retail Associates, Inc. and it s Agents has not verified, and will not verify, any of the information contained herein, nor has Commercial Retail Associates, Inc. and its Agents 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. All property showing are by appointment only. Please consult your Commercial Retail Associates Agent for more details. By accepting this Marketing Brochure you agree to release Commercial Retail Associates, Inc. and it s Agents and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property. FOR FURTHER INFORMATION CONTACT BRYAN CIFRANIC CA BRE Lic # (559)