Fee Interest Zero Cash Flow Walgreen s with Self Liquidating Debt. Price: $6,784,833 l Equity Over Debt: 16.00% I Required Equity $935,840

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1 Subject Property Phone: Fax: Fee Interest Zero Cash Flow Walgreen s with Self Liquidating Debt Exclusively Listed 1140 N Main Street Providence RI Price: $6,784,833 l Equity Over Debt: 16.00% I Required Equity $935,840 exp@exp1031.com 20 years remain on absolute triple net Walgreen s lease Rent increase in base term and options Zero cash flow structure with non-recourse self liquidating debt which must be assumed Debt is fully amortized by the end of Walgreen s base lease term in 2032 Loan is collateralized by both a building and a land lease, both conveyed to buyer (fee simple) High traffic corner directly accessible to I-95 exit 25B and the 247 bed Miriam Hospital 40 miles south of Boston, MA and 65 miles east of Hartford, CT

2 Investment Property Line Summary Overview Map PROPERTY OVERVIEW: EXP Realty Advisors exclusively presents this fee interest zero cash flow Walgreen s in Providence, RI for sale. The property is directly accessible to I-95 (exit 25B) and the 247 bed Miriam Hospital. Demographics are dense with a population of 395,301 within five miles. The Walgreen s building is 14,191 square feet and includes a drive thru. It occupies 1.16 acres and was built in The property is encumbered by a non-recourse, full amortizing mortgage which must be assumed by the buyer. The loan is collateralized by both the leasehold lease on the building and the fee simple ground lease on the land, both of which will be conveyed to the buyer at closing. The mortgage self liquidates over the base term of the Walgreen s lease. The investor would own the property free and clear in There are approx 5% rent increases in the base term and options. The investment works well for buyers in a 1031 exchange who wish to replace debt cheaply. It is also attractive for 1031 exchange buyers who wish to add depreciable basis to their exchange, or for estate planning purposes. Investors looking for long term upside will find the ability to own the property free and clear of debt in 2032 attractive. Unleveraged cap rate is 7.73%. There is virtually no cash flow (approximately $4,000 per year after fees). Rent and debt service both increase every ten years, increasing annual cash flow by approximately $237. The next rent and debt service escalation is on LOCATION OVERVIEW: The Miriam Hospital with 2,491 employees and 963 affiliated doctors is located a fifth of a mile from the property. Information on the hospital can be found at ( Area retailers include Shaw s Supermarket, Chili s, Bank of America, Rite Aid, Subway, Shell, Pep Boys, Midas, Benny s, H&R Block, Dunkin Donuts, Hess Express, and Gold s Gym. Providence is the capital and most populous city of the state of Rhode Island and the third largest city in the New England region. The metropolitan MSA population is 1,600,856, exceeding that of Rhode Island by about 60% due to its reaching into southern Massachusetts. This MSA in turn is part of the larger Greater Boston commuting area, which contains 7.6 million people. The City of Providence is home to eight hospitals and seven institutions of higher learning. Subject Property Subject Property Lease Summary Years Annual Rent Increase 1-10 $520, $542, % $567, % $594, % $624, % $657, % $693, % $733, % TENANT OVERVIEW: Walgreens Co. (NYSE: WAG) The company operates over 7,496 drug stores in 50 states in the US and Puerto Rico and is the nation s largest drug store retailer. The company reported 2011 revenues of over $72 billion and has a net worth in excess of $14.3 billion. PROPERTY SUMMARY

3 Area Property Labeled History Aerial Line Map LABELED AERIAL

4 Investment Property Line Photos Overview Map PROPERTY PHOTOS

5 Investment Property Line Photos Overview Map PROPERTY PHOTOS

6 Property Location Line Map Map LOCATION MAP

7 Investment Property Site PlanLine Overview Map FLOOR PLAN

8 Investment Property Amortization Line Overview schedule Map from existing non recourse loan which must be assumed AMORTIZATION SCHEDULE

9 Property Demographic Line Data Map Radius 3 Mile 5 Mile 10 Mile Population: 2016 Projection 200, , , Estimate 204, , , Census 206, , ,988 Growth % -1.00% -0.70% Growth % -0.70% -0.50% 2011 Population By Hispanic Origin 49, , , Population by Race: White 130, , ,425 Black or African American 25,675 45,431 52,492 American Indian and Alaska Native 1,744 3,507 4,167 Asian 7,927 15,728 24,362 Native Hawaiian and Pacific Islander Other Race 26,209 54,909 60,294 Two or More Races 11,737 21,042 26, Households: 2016 Projection 78, , , Estimate 80, , , Census 80, , ,715 Growth % -1.10% -0.70% Growth % -0.70% -0.50% Owner Occupied 32,014 68, ,369 Renter Occupied 48,240 82, , Avg Household Income $57,066 $57,029 $65, Med Household Income $39,316 $40,901 $50, Per Capita Income $24,035 $22,896 $26, Households by Household Inc: Income Less than $15,000 17,395 30,220 40,449 Income $15,000 - $24,999 10,353 19,057 28,304 Income $25,000 - $34,999 8,312 15,973 24,987 Income $35,000 - $49,999 11,325 21,593 35,543 Income $50,000 - $74,999 12,961 25,847 46,677 Income $75,000 - $99,999 7,768 15,815 32,597 Income $100,000 - $149,999 6,933 13,790 32,078 Income $150,000 - $199,999 2,219 4,185 10,639 Income $200,000+ 2,987 4,436 9,104 Contact Us EXP Realty Advisors 118 East 28 th Street Suite #901 New York, NY Phone: (212) Fax: (212) Our Team Robert P. James President Phone: (212) rob@exp1031.com Daniel de Sa Director of Sales Phone: (212) dan@exp1031.com DEMOGRAPHIC DATA