69 LEWIS STREET • WHITESVILLE, WV 25209

OFFERING MEMORANDUM

EXCLUSIVELY OFFERED BY:

RAY GERMAINFirst Vice President InvestmentsTel: (702) 215-7153 ray.germain@marcusmillichap.comLicense: NV S.0168487

Tel: (702) 215-7132cesar.talavera@marcusmillichap.comLicense: NV BS.0045231

CESAR A. TALAVERAVice President Investments

FRANCIS MCGUIRE Broker of Record - License: WV0019009Tel: (304) 751-6577Whitesville, West Virginia

Walgreens

NON-ENDORSEMENT AND DISCLAIMER NOTICE

Non-EndorsementsMarcus & Millichap is not a�liated with, sponsored by, or endorsed by any commercial tenant or lessee identi�ed in this marketing package. The presence of any corporation's logo or name is not intended to indicate or imply a�liation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its a�liates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

Disclaimer The information contained in the following Marketing Brochure is proprietary and strictly con�dential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unveri�ed 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. Marcus & Millichap has not made any investiga-tion, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected �nancial 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 �nancial 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, Marcus & Millichap has not veri�ed, and will not verify, any of the information contained herein, nor has Marcus & Millichap 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, providing tenant lessee information about this listing to prospective customers.

NET LEASED DISCLAIMER

Marcus & Millichap hereby advises all prospective purchasers of Net Leased property as follows:

The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Marcus & Millichap has not and will not verify any of this information, nor has Marcus & Millichap conducted any investigation regarding these matters. Marcus & Millichap makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided.

As the Buyer of a net leased property, it is the Buyer’s responsibility to independently con�rm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. Marcus & Millichap expressly denies any obligation to conduct a due diligence examination of this Property for Buyer.

Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a net leased property to you depends on factors that should be evaluated by you and your tax, �nancial and legal advisors.

Buyer and Buyer’s tax, �nancial, legal, and construction advisors should conduct a careful, independent investigation of any net leased property to determine to your satisfaction with the suitability of the property for your needs.

Like all real estate investments, this investment carries signi�cant risks. Buyer and Buyer’s legal and �nancial advisors must request and carefully review all legal and �nancial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash �ow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investi-gation of all matters a�ecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant consider-ing the location of the property, and Buyer’s legal ability to make alternate use of the property.

By accepting this Marketing Brochure you agree to release Marcus & Millichap Real Estate Investment Services and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this net leased property.

Marcus & Millichap is pleased to present the opportunity for an investor to acquire a single tenant double net-leased Walgreens (formerly Rite Aid) located at 69 Lewis Street in Whitesville, WV. This pharmacy is composed of 11,180 square feet and includes a drive thru, situated on a 1.37 acre lot.

The property is still branded as a Rite Aid, although current ownership received noti�cation that the lease has been assigned to Walgreens Co. through their acquisition of Rite Aid and that this store was in fact included in the acquisition. Due to the fact that this is the only big-name pharmacy (Walgreens, CVS and Rite Aid) in the immediate vicinity, with the closest being almost 40 miles away, there is little concern that this store would be subject to closure due to redundancy. Additionally, the reported store sales at this location are considerable and indicative of healthy operations (please contact agent for details).

The lease commenced in December of 1995 and the current option period is due to expire on October 31st, 2021, with the tenant having six, �ve-year options to renew with the �rst inclusive of a massive 62% rental increase.

INVESTMENT OFFERING

INVESTMENT HIGHLIGHTS

ATTRACTIVE RENTAL

INCREASES IN OPTION PERIODS

VERY FEWCONVENIENCE &DISCOUNT RETAIL

OPTIONS INSURROUNDING AREAS

RECENTLY ACQUIRED BY

WALGREENS COFURTHER STRENGHTENING

THE TENANCY

VERY HIGHREPORTED SALESINDICATIVE OFHEALTHY OPERATIONS

CLOSEST BIG NAMECOMPETITORALMOST 40MILES AWAY

PROPERTY SUMMARY

THE OFFERINGPROPERTY

ADDRESS

PRICE

NET OPERATING INCOME

CAPITALIZATION RATE

PRICE/SF

WALGREENS (FORMER RITE AID)

69 LEWIS STREET

WHITESVILLE, WV 25209

$931,000

$83,724

8.99%

$83.27

LEASE SUMMARYPROPERTY SUBTYPE

TENANT

RENT INCREASES

GUARANTOR

LEASE TYPE

LEASE COMMENCEMENT

LEASE EXPIRATION

INITIAL LEASE TERM

TERM REMAINING ON LEASE (YEARS)

RENEWAL OPTIONS

LANDLORD RESPONSIBILITY

TENANT RESPONSIBILITY

RIGHT OF FIRST REFUSAL

NET LEASED DRUG STORE

WALGREENS

SCHEDULED

CORPORATE GUARANTEE

NN

12/29/1995

10/31/2021

26 YEARS

2.1

6, FIVE-YEAR OPTIONS

ROOF & STRUCTURE

PARKING LOT & HVAC

NO

PROPERTY DESCRIPTIONYEAR BUILT/RENOVATED

GROSS LEASABLE AREA

LOT SIZE

ZONING

TYPE OF OWNERSHIP

1995

11,180 SQUARE FEET

1.37 ACRES

GENERAL COMMERCIAL

FEE SIMPLE

LEASE SUMMARY

YEAR MONTHLY RENT RENT/SFCurrent

YEAR ANNUAL RENT MONTHLY RENT RENT/SF CAP RATE

RENT SCHEDULEOPERATING INFOMATION

NET OPERATING INCOME $83,724$7.49$0.62

11,180 SF

INCOME

ANNUAL RENT/SF

MONTHLY RENT/SF

GROSS LEASEABLE AREA

$83,724

$135,837

$141,427

$147,017

$152,607

$158,197

$163,787

Option 1

Option 2

Option 3

Option 4

Option 5

Option 6

$6,977

$11,320

$11,786

$12,251

$12,717

$13,183

$13,649

$7.49

$12.15

$12.65

$13.15

$13.65

$14.15

$14.65

8.99%

14.59%

15.19%

15.79%

16.39%

16.99%

17.59%

* Please contact listing agent for information on historical tenant sales.

TENANT OVERVIEW

Walgreens Boots Alliance, Inc. operates as a pharmacy led health and well being company. The company operates through three segments: Retail Pharmacy USA, Retail Pharmacy International, and Pharmaceutical Wholesale. The Retail Pharmacy USA segment sells prescription drugs and an assortment of general merchandise, convenience foods, and more through its retail drugstores and convenient care clinics. It also provides specialty pharmacy services; and manages in-store clinics under the brand Healthcare Clinic. As of August 31, 2016, this segment operated over 13,700 retail stores under the Walgreens and Duane Reade brands in the United States; 7 specialty pharmacy locations; managed approximately 400 Healthcare Clinics. The Retail Pharmacy International segment sells prescription drugs; and health, beauty, toiletry, and other consumer products through its pharmacy led health and beauty stores, as well as through boots.com and BootsWebMD.com. The Boots segment operated 4,673 retail stores under the No. 7, Boots Pharmaceuticals, Botanics, Liz Earle, Soap & Glory, and only at Boots brand names in the United Kingdom, Mexico, Chile, Thailand, Norway, the Republic of Ireland, the Netherlands, and Lithuania; and 636 optical practices in the United Kingdom. Walgreens Boots Alliance, Inc. was founded in 1901 and is based in Deer�eld, Illinois.

• RANKED #19 FORTUNE 500• RANKED #177 FORBES GLOBAL 2000• STANDARD & POOR’S RATED BBB

RANKINGS

DEMOGRAPHICS

POPULATION

AVERAGE INCOME

HOUSEHOLDS

8,2522,083 22,430

$48,134$46,764$45,797

3,321885 8,865

$

5 mile 10 mile 15 mile

5 mile 10 mile 15 mile

5 mile 10 mile 15 mile

EXCLUSIVELY OFFERED BY:

RAY GERMAINFirst Vice President InvestmentsTel: (702) 215-7153 Fax: (702) 215-7110ray.germain@marcusmillichap.comLicense: NV S.0168487

FRANCIS MCGUIRE Broker of Record - License: WV0019009Tel: (304) 751-6577Whitesville, West Virginia

Tel: (702) 215-7132cesar.talavera@marcusmillichap.comLicense: NV BS.0045231

CESAR A. TALAVERAVice President Investments