WALGREENS 1375 Forty Foot Road Kulpsville, PA 19443 Price: $8,035,000 l NOI: $450,000 CAP: 5.60% Phone: 212.972.3947 Fax: 212.686.0078 dan@exp1031.com www.exp1031.com Walgreens, Inc. (NYSE: WAG) 20+ years remaining Located 25 miles north of Philadelphia in Montgomery County Montgomery County: S&P: AAA, one of fewer than 30 counties in the US with such a rating 51 st wealthiest county in the country Forbes named it as the 9 th best place to raise a family 5 mile population is over 122,000 with an average household income over $98,000 The three out parcels are included in the sale for an additional $1,500,000
Property Investment Line Overview Map PROPERTY OVERVIEW: EXP Realty Advisors presents for sale a this Walgreens property located in Kulpsville, PA. The building was constructed in 2009 specifically for Walgreens. Tenants in the immediate area include Wawa, Holiday Inn, Days Inn, LukOil, and Bones Grille among others. Two miles north is the 264,000 sf San Souci Shopping Center which is anchored by Marshalls, Jo-Ann Fabrics, Dollar Tree and Shoppers Foods. The property has excellent visibility on Forty Foot Road, and is 2 miles from Christopher Dock High School (private). Within 5 miles, the population is over 120,000 with an average household income of over $98,000. LOCATION OVERVIEW: Kulpsville is located 25 miles north of Philadelphia in Montgomery County. As of 2010, the population was 801,543, making it the third most populous county in Pennsylvania. Montgomery County is a suburban county northwest of Philadelphia. It is part of the Delaware Valley and marks the region's northern border with the Lehigh Valley region of the state. It is the 20th wealthiest county in the country (measured by personal percapita income) and was named the 9th Best Place to Raise a Family by Forbes. Montgomery County is a suburb of Philadelphia and consequently, many of its residents work in the city. Montco is also a major employment center with large business parks in Blue Bell, Lansdale, Fort Washington, Horsham and King of Prussia which attract thousands of workers from all over the region. The strong job base and taxes generated by those jobs have resulted in Montgomery County receiving the highest credit rating of 'AAA' from Standard & Poor's, one of fewer than 30 counties in the United States with such a rating. INVESTMENT SUMMARY Price: $8,035,000 CAP Rate: 5.60% NNN Rent: $450,000 Bld. Sq Ft: 14,820 sf Land Size: 1.59 acres Lease Type: Triple Net LEASE SUMMARY: Current Rent: $450,000 Escalations: Flat during base term and options Commencement Date: 9/1/2009 Expiration Date: 8/31/2034 Options: After the 25 th year, tenant may terminate with 12 months notice Lease Type: Triple Net Tenant reimburses landlord for real estate tax and costs associated with maintaining the parking lot which include snow removal TENANT OVERVIEW: Walgreens, Inc. (NYSE: WAG ) Walgreen Co. is the largest drugstore chain in the United States of America. As of March 31st, the company operates 8,169 drugstores across all 50 states, the District of Columbia and Puerto Rico. Founded in Chicago, Illinois in 1901, and has since expanded throughout the United States, Walgreens is currently headquartered in the nearby suburb of Deerfield, Illinois. INVESTMENT OVERVIEW
Area Property Floor History Plan Line Map The additional out parcels can be added to the sale for an additional $1,500,000 FLOOR PLAN
Investment Property Line Photograph Overview Map PROPERTY PHOTOGRAPH
Investment Property Line Photographs Overview Map PROPERTY PHOTOGRAPHS
Area Property Labeled History Aerial Line Map Dock School LABELED AERIAL
Property Location Line Map Map LOCATION MAP
Property Location Line Map Map LOCATION MAP
Property Demographic Line Data Map 3 Mile 5 Mile 10 Mile Population: 2015 Projection 51,807 122,785 434,869 2010 Estimate 51,376 120,676 427,396 2000 Census 49,534 113,166 397,731 Growth 2010-2015 0.80% 1.70% 1.70% Growth 2000-2010 3.70% 6.60% 7.50% 2010 Households: 2015 Projection 20,022 47,986 163,879 2010 Estimate 19,800 46,965 160,559 2000 Census 18,908 43,397 147,983 Growth 2010-2015 1.10% 2.20% 2.10% Growth 2000-2010 4.70% 8.20% 8.50% Owner Occupied 13,899 33,652 119,588 Renter Occupied 5,901 13,314 40,970 2010 Avg Household Income $98,739 $98,498 $99,618 2010 Med Household Income $82,797 $82,176 $81,883 2010 Per Capita Income $38,185 $38,165 $37,720 2010 Households by Household Inc: Income Less than $15,000 972 2,019 7,715 Income $15,000 - $24,999 914 2,213 8,353 Income $25,000 - $34,999 1,087 2,661 8,853 Income $35,000 - $49,999 2,107 5,181 17,078 Income $50,000 - $74,999 3,530 8,433 28,987 Income $75,000 - $99,999 3,355 8,286 27,007 Income $100,000 - $149,999 5,194 12,129 40,252 Income $150,000 - $249,999 2,103 4,677 17,086 Income $250,000 - $499,999 425 1,081 4,210 Income $500,000 or more 114 285 1,015 Contact Us EXP Realty Advisors 118 East 28 th Street Suite #901 New York, NY 10016 Phone: (212) 972-3947 Fax: (212) 686-0078 www.exp1031.com Our Team Daniel de Sa Director of Sales dan@exp1031.com Robert P. James President rob@exp1031.com DEMOGRAPHIC DATA