3rd fastest growing city in the country!...7 2/7/2025 2/6/2026 $543,000 ($323,640) $219,360 6.65% 8...

Walgreens Pharmacy #13446 Long-Term NNN in Texas

• 16+ years guaranteed rent

• 15% growth forecasted over next 5 years

• Austin-Round Rock ranks No. 1 “Best Places to Live” by U.S. News & World Report for 3 years in a row

• Surrounded by rooftops and neighborhoods that are under-served by retail

• True NNN lease with no landlord responsibilities

• Texas has no state income tax

• Full guarantee by Walgreens corporation

$9,500,000

6.65% Return

DeerfieldPartnersJohn GiordaniArtGriffith(888) [email protected]

$190,000 Commission to Buyer’s Broker

3rd Fastest Growing City in the Country!

Walgreens Pharmacy #13446 Pflugerville, Texas

DeerfieldPartnersJohn GiordaniArt GriffithCall: (888) 258-7605Email: [email protected]

Excellent opportunity for an investor to acquire a true NNN Walgreens located at a signalized, hard-corner location in one of the hottest, fastest growing marketsinthecountry.PflugervilleislocatedintheAustin-RoundRockmetroarea,whichhasbeenranked No. 1 “Best Places to Live” by U.S. News & World Report for 3 years in a row.Pflugerville’sgrowthhasbeenmeteoric;U.S.CensusrevealsthatPflugerville was the third fastest-growing city nationally in 2016-17. Area is forecasted to see another 15% growth overthenextfiveyears.

InvestmentSummary1 Mile 3 Mile 5 Mile

Population 12,921 76,319 198,789Avg. HH Income $104,201 $94,711 $95,791

Price $9,500,000Annual NNN Rent $543,000Years Guaranteed 16+ years NNN



PropertyDetailsandLeaseSummaryAddress 1509WWellsBranchPkwy,Pflugerville,TX78660

Year Built 2010Building Size 14,820 Square Feet

Lot Size 2.32 acresTenant Walgreens (NASDAQ:WBA)

Lease Start Date 10/4/2010Lease End Date 10/31/2035

Termination Options Tenantmayterminateasof10/31/2035,withtwelve(12)monthswrittennotice.

Existing Interest Only Loan MUST Be Assumed

Non-Recourse CMBS Loan 10 Year Fixed Rate Loan 10 Years Interest Only Loan amount is $6.2M Rate is 5.22% Start date 2/6/2017 Loan due 2/6/2027 in amount of $6.2M

MetricsPurchase Price $9,500,000

Less Loan Amount ($6,200,000)

Cash Invested $3,300,000

Net Annual Cash Flow $219,360

Return on Cash 6.65%

Loan to Value 65%

Net Cash Flows to Buyer

YEAR START ENDANNUAL

RENT

ANNUAL DEBT

SERVICE

NET ANNUAL

CASH FLOWRETURN

ON CASH

1 2/7/2019 2/6/2020 $543,000 ($323,640) $219,360 6.65%

2 2/7/2020 2/6/2021 $543,000 ($323,640) $219,360 6.65%

3 2/7/2021 2/6/2022 $543,000 ($323,640) $219,360 6.65%

4 2/7/2022 2/6/2023 $543,000 ($323,640) $219,360 6.65%

5 2/7/2023 2/6/2024 $543,000 ($323,640) $219,360 6.65%

6 2/7/2024 2/6/2025 $543,000 ($323,640) $219,360 6.65%

7 2/7/2025 2/6/2026 $543,000 ($323,640) $219,360 6.65%

8 2/7/2026 2/6/2027 $543,000 ($323,640) $219,360 6.65%

Total Net Cash Flow = $1,754,880 6.65%

!1



Regional Map

PflugervilleisideallylocatedalongmajortransportationroutesandshippingchannelsandlieswithincloseproximitytoseveralmajormarketsincludingAustin,DallasandHouston.



ALTASurvey



About Walgreens Boots AllianceWalgreens Boots Alliance (Nasdaq: WBA) is the first global pharmacy-led, health and wellbeing enterprise. The Company’s heritage of trusted healthcare services through community pharmacy care and pharmaceutical wholesaling dates back more than 100 years.

Walgreens Boots Alliance is the largest retail pharmacy, health and daily living destination across the U.S. and Europe. Walgreens Boots Alliance and the companies in which it has equity method investments together have a presence in more than 25* countries and employ more than 385,000* people. The Company is a global leader in pharmacy-led, health and wellbeing retail and, together with the companies in which it has equity method investments, has more than 13,200* stores in 11* countries as well as one of the largest global pharmaceutical wholesale and distribution networks, with more than 390* distribution centers delivering to more than 230,000** pharmacies, doctors, health centers and hospitals each year in more than 20* countries. In addition, Walgreens Boots Alliance is one of the world’s largest purchasers of prescription drugs and many other health and wellbeing products. The Company’s size, scale, and expertise will help us to expand the supply of, and address the rising cost of, prescription drugs in the U.S. and worldwide.

Walgreens Boots Alliance is included in Fortune magazine’s 2018 list of the World’s Most Admired Companies. This is the 25th consecutive year that Walgreens Boots Alliance or its predecessor company, Walgreen Co., has been named to the list.

* As of 31 August 2017, using publicly available information for AmerisourceBergen.**For 12 months ending 31 August 2017, using publicly available information for AmerisourceBergen.



WalgreensIncomeStatementsTrailing5Years



WalgreensBootsAlliance--SegmentStructure

8

Walgreens Boots Alliance – Segment Structure

The largest retail pharmacy chain in Europe

A leading global pharmaceutical wholesaler

and distributor

A leading drugstore chain in the USA

The first global pharmacy-led, health and wellbeing enterprise in the world



WalgreensBootsAlliance--RetailPharmacyUSADivisionOur Retail Pharmacy USA Division’s principal retail pharmacy brands are Walgreens and Duane Reade. Together, they form one of the largest drugstore chains in the U.S., operating 8,100* drugstores in 50* states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. As of August 2017, approximately 76 percent of the population of the U.S. lives within five miles of a Walgreens or Duane Reade.

We sell prescription and non-prescription drugs, as well as general merchandise, including household items, convenience and fresh foods, personal care, beauty care, photofinishing and candy. We offer our products and services through drugstores, as well as through mail, telephone and online. We also provide specialty pharmacy and respiratory services, and operate retail clinics.

Our services help improve health outcomes for patients and manage costs for payers including employers, managed care organizations, health systems, pharmacy benefit managers and the public sector. Our stores sell branded and own brand general merchandise. In addition, Walgreens has approximately 400 in-store clinic locations throughout the U.S., some of which are operated by the Company and some of which are operated by health system partners.

Prescription drugs account for 69 percent† of sales, while retail products are 31 percent.

Overall, we filled approximately 764 million† prescriptions in fiscal 2017. Adjusted to 30-day equivalents, we filled approximately 990 million† prescriptions in fiscal 2017. Third party sales, where reimbursement is received from managed care organizations, government and private insurance, were approximately 98 percent† of prescription sales.

We utilize our extensive retail network as a channel to provide affordable quality health and wellness services to our customers and patients, as illustrated by our ability to play a significant role in providing flu vaccines and other immunizations.

We have more than 78,000* healthcare service providers, including pharmacists, pharmacy technicians, nurse practitioners and other health related professionals. Through them we expect to continue to play a growing role in government and employer efforts to control escalating healthcare costs.

Our loyalty program, Balance® Rewards, is designed to reward our most valuable customers and encourage shopping in stores and online and allows customers the opportunity to earn points for purchasing select merchandise in addition to receiving special pricing on select products when shopping with a rewards card. Customers have the ability to instantly redeem rewards at our stores or through Walgreens.com. We had 88 million Balance® Rewards active members as of August 2017.

The Division’s strategy is designed to further transform our traditional drugstore by offering ultimate convenience, driving the best customer loyalty and delivering extraordinary customer and patient care. We seek to expand our product and service offerings across new channels and markets where, in addition to our stores, customers and patients can utilize our health system pharmacies, Walgreens.com, mobile applications and social media sites.



Walgreens Drugstores Nationwide by State



Demographics-1MileRadiusDemographic and Income Profile1509 E Wells Branch Pkwy, Pflugerville, Texas, 78660 Prepared by EsriRing: 1 mile radius Latitude: 30.42453

Longitude: -97.62726

AreaStateUSA

Trends 2018-2023Trends 2018-2023

Ann

ual R

ate

(in

perc

ent)

2.42.2

21.81.61.41.2

10.80.60.40.2

0Population Households Families Owner HHs Median HH Income

20182023

Population by AgePopulation by Age

Perc

ent

16

14

12

10

8

6

4

2

00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+

2018 Household Income 2018 Household Income

<$15K4.1%

$15K - $24K5.0%

$25K - $34K8.6%

$35K - $49K9.3%

$50K - $74K20.9%

$75K - $99K15.9%

$100K - $149K21.3%

$150K - $199K10.1%

$200K+4.9%

2018 Population by Race2018 Population by Race

Perc

ent

50

45

40

35

30

25

20

15

10

5

0White Black Am. Ind. Asian Pacific Other Two+

2018 Percent Hispanic Origin: 34.1%

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2018 and 2023.

May 19, 2019

©2019 Esri Page 2 of 6



Demographics-1MileRadius

Demographic and Income Profile1509 E Wells Branch Pkwy, Pflugerville, Texas, 78660 Prepared by EsriRing: 1 mile radius Latitude: 30.42453


Summary Census 2010 2018 2023Population 11,790 12,921 13,834Households 3,813 4,147 4,433Families 3,002 3,245 3,457Average Household Size 3.09 3.11 3.12Owner Occupied Housing Units 2,973 3,230 3,496Renter Occupied Housing Units 840 917 937Median Age 32.3 33.6 33.0

Trends: 2018 - 2023 Annual Rate Area State NationalPopulation 1.37% 1.65% 0.83%Households 1.34% 1.62% 0.79%Families 1.27% 1.58% 0.71%Owner HHs 1.60% 2.09% 1.16%Median Household Income 1.82% 2.23% 2.50%

2018 2023 Households by Income Number Percent Number Percent

<$15,000 168 4.1% 147 3.3%$15,000 - $24,999 208 5.0% 184 4.2%$25,000 - $34,999 355 8.6% 325 7.3%$35,000 - $49,999 386 9.3% 365 8.2%$50,000 - $74,999 865 20.9% 863 19.5%$75,000 - $99,999 660 15.9% 705 15.9%$100,000 - $149,999 883 21.3% 1,059 23.9%$150,000 - $199,999 420 10.1% 524 11.8%$200,000+ 202 4.9% 261 5.9%

Median Household Income $77,607 $84,918Average Household Income $93,098 $104,201Per Capita Income $29,276 $32,696

Census 2010 2018 2023 Population by Age Number Percent Number Percent Number Percent

0 - 4 1,024 8.7% 1,012 7.8% 1,100 8.0%5 - 9 1,183 10.0% 1,040 8.1% 1,095 7.9%10 - 14 1,017 8.6% 1,084 8.4% 1,105 8.0%15 - 19 836 7.1% 949 7.3% 1,003 7.3%20 - 24 560 4.7% 784 6.1% 806 5.8%25 - 34 1,855 15.7% 1,843 14.3% 2,307 16.7%35 - 44 2,068 17.5% 2,023 15.7% 2,025 14.6%45 - 54 1,633 13.8% 1,801 13.9% 1,734 12.5%55 - 64 914 7.8% 1,339 10.4% 1,380 10.0%65 - 74 442 3.7% 701 5.4% 839 6.1%75 - 84 201 1.7% 264 2.0% 348 2.5%

85+ 59 0.5% 78 0.6% 92 0.7%Census 2010 2018 2023

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 6,553 55.6% 6,889 53.3% 7,193 52.0%Black Alone 1,720 14.6% 1,802 13.9% 1,860 13.4%American Indian Alone 95 0.8% 89 0.7% 90 0.7%Asian Alone 1,632 13.8% 2,127 16.5% 2,530 18.3%Pacific Islander Alone 17 0.1% 19 0.1% 21 0.2%Some Other Race Alone 1,372 11.6% 1,520 11.8% 1,604 11.6%Two or More Races 401 3.4% 474 3.7% 536 3.9%

Hispanic Origin (Any Race) 4,000 33.9% 4,410 34.1% 4,821 34.8%Data Note: Income is expressed in current dollars.


May 19, 2019







AreaStateUSA

Trends 2018-2023Trends 2018-2023

Ann

ual R

ate

(in

perc

ent)

3

2.5

2

1.5

1

0.5


20182023


Perc

ent

18

16

14

12

10

8

6

4

2

00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+


<$15K5.0%

$15K - $24K6.0%

$25K - $34K9.8%

$35K - $49K13.3%

$50K - $74K21.5%

$75K - $99K14.9%

$100K - $149K18.2%

$150K - $199K6.9%

$200K+4.4%


Perc

ent

50

45

40

35

30

25

20

15

10

5




May 19, 2019







Summary Census 2010 2018 2023Population 58,566 76,319 87,300Households 20,541 26,498 30,293Families 14,441 18,508 21,009Average Household Size 2.84 2.87 2.88Owner Occupied Housing Units 13,095 15,914 18,558Renter Occupied Housing Units 7,446 10,584 11,735Median Age 31.8 33.4 33.3



<$15,000 1,328 5.0% 1,261 4.2%$15,000 - $24,999 1,584 6.0% 1,554 5.1%$25,000 - $34,999 2,602 9.8% 2,591 8.6%$35,000 - $49,999 3,520 13.3% 3,683 12.2%$50,000 - $74,999 5,700 21.5% 6,239 20.6%$75,000 - $99,999 3,948 14.9% 4,631 15.3%$100,000 - $149,999 4,829 18.2% 6,242 20.6%$150,000 - $199,999 1,817 6.9% 2,403 7.9%$200,000+ 1,171 4.4% 1,688 5.6%



0 - 4 4,679 8.0% 5,726 7.5% 6,744 7.7%5 - 9 5,040 8.6% 5,773 7.6% 6,589 7.5%10 - 14 4,730 8.1% 5,775 7.6% 6,463 7.4%15 - 19 4,337 7.4% 5,144 6.7% 5,751 6.6%20 - 24 3,711 6.3% 5,049 6.6% 5,329 6.1%25 - 34 10,080 17.2% 12,668 16.6% 15,679 18.0%35 - 44 9,857 16.8% 12,115 15.9% 13,958 16.0%45 - 54 8,328 14.2% 10,224 13.4% 10,529 12.1%55 - 64 4,644 7.9% 7,861 10.3% 8,419 9.6%65 - 74 1,935 3.3% 4,070 5.3% 5,271 6.0%75 - 84 884 1.5% 1,421 1.9% 2,006 2.3%

85+ 341 0.6% 494 0.6% 563 0.6%Census 2010 2018 2023

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 32,633 55.7% 40,559 53.1% 45,149 51.7%Black Alone 9,299 15.9% 11,775 15.4% 13,127 15.0%American Indian Alone 423 0.7% 471 0.6% 508 0.6%Asian Alone 6,481 11.1% 9,879 12.9% 12,615 14.5%Pacific Islander Alone 60 0.1% 83 0.1% 99 0.1%Some Other Race Alone 7,492 12.8% 10,414 13.6% 11,959 13.7%Two or More Races 2,178 3.7% 3,139 4.1% 3,843 4.4%



May 19, 2019







AreaStateUSA

Trends 2018-2023Trends 2018-2023

Ann

ual R

ate

(in

perc

ent)

3

2.5

2

1.5

1

0.5


20182023


Perc

ent

18

16

14

12

10

8

6

4

2

00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+


<$15K5.4%

$15K - $24K6.4%

$25K - $34K8.9%

$35K - $49K13.5%

$50K - $74K20.8%

$75K - $99K14.4%

$100K - $149K19.1%

$150K - $199K6.7%

$200K+4.8%


Perc

ent

55

50

45

40

35

30

25

20

15

10

5




May 19, 2019







Summary Census 2010 2018 2023Population 154,805 198,789 227,263Households 59,521 74,637 84,817Families 37,581 47,739 54,230Average Household Size 2.59 2.66 2.67Owner Occupied Housing Units 32,994 41,851 49,102Renter Occupied Housing Units 26,527 32,786 35,715Median Age 31.9 33.7 33.4



<$15,000 4,027 5.4% 3,700 4.4%$15,000 - $24,999 4,751 6.4% 4,507 5.3%$25,000 - $34,999 6,669 8.9% 6,599 7.8%$35,000 - $49,999 10,079 13.5% 10,542 12.4%$50,000 - $74,999 15,525 20.8% 17,026 20.1%$75,000 - $99,999 10,755 14.4% 12,580 14.8%$100,000 - $149,999 14,232 19.1% 18,389 21.7%$150,000 - $199,999 5,035 6.7% 6,480 7.6%$200,000+ 3,564 4.8% 4,993 5.9%



0 - 4 12,676 8.2% 14,971 7.5% 17,566 7.7%5 - 9 11,969 7.7% 15,003 7.5% 16,975 7.5%10 - 14 10,798 7.0% 14,270 7.2% 16,261 7.2%15 - 19 9,781 6.3% 12,206 6.1% 14,238 6.3%20 - 24 10,785 7.0% 13,101 6.6% 14,523 6.4%25 - 34 30,926 20.0% 34,368 17.3% 41,055 18.1%35 - 44 25,976 16.8% 33,584 16.9% 37,538 16.5%45 - 54 20,541 13.3% 25,934 13.0% 27,910 12.3%55 - 64 12,468 8.1% 19,350 9.7% 20,768 9.1%65 - 74 5,283 3.4% 10,529 5.3% 13,268 5.8%75 - 84 2,538 1.6% 3,922 2.0% 5,402 2.4%

85+ 1,063 0.7% 1,550 0.8% 1,757 0.8%Census 2010 2018 2023

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 91,378 59.0% 112,064 56.4% 124,403 54.7%Black Alone 23,190 15.0% 29,504 14.8% 33,492 14.7%American Indian Alone 1,118 0.7% 1,233 0.6% 1,343 0.6%Asian Alone 15,949 10.3% 24,166 12.2% 30,716 13.5%Pacific Islander Alone 185 0.1% 271 0.1% 334 0.1%Some Other Race Alone 16,853 10.9% 22,664 11.4% 26,084 11.5%Two or More Races 6,131 4.0% 8,885 4.5% 10,892 4.8%



May 19, 2019


3rd fastest growing city in the country!...7 2/7/2025 2/6/2026 $543,000 ($323,640) $219,360 6.65% 8...

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