walgreens - joplin, mo

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  • JOPLIN, MO

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    WALGREENS

    This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. 2015 Vitorino Group

    PRICING & FINANCIAL ANALYSIS

    NOTE: *Based on Annual Rent effective 1/1/2016 of $289,275, less RE Taxes that Landlord pays

    Offering SummaryPrice $4,850,000

    Cap Rate 5.75%

    Rental Income $289,275

    Net Operating Income $278,937*

    Year Built 1976

    Gross Leasable Area 27,610 SF

    Lot Size 1.70 Acres

    LeaSe SummaryLease Term 12 Years

    Lease Commencement 1/1/2015

    Lease Expiration 1/31/2027

    Remaining Term 11+ Years

    Lease Type Modified NNN

    Roof & Structure Tenant

    Increases Annually

    Options None

    Options to Purchase None

    AnnuAlized OperAting dAtAYear(s) Commencement Annual Increase

    1 1/1/2015 $285,000 -

    2 2/1/2016 $289,275 1.50%

    3 2/1/2017 $293,608 1.50%

    4 2/1/2018 $298,012 1.50%

    5 2/1/2019 $302,482 1.50%

    6 2/1/2020 $307,020 1.50%

    7 2/1/2021 $311,625 1.50%

    8 2/1/2022 $316,299 1.50%

    9 2/1/2023 $321,044 1.50%

    10 2/1/2024 $325,859 1.50%

    11 2/1/2025 $330,747 1.50%

    12 2/1/2026 $335,709 1.50%

    net Operating incOme $278,937

    Walgreens3222 S Main Street Joplin, MO 64801

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    WALGREENS

    This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. 2015 Vitorino Group

    TENANT INFORMATION

    cOmpany SummaryCompany Walgreens Boots Alliance, Inc.

    Ownership Public

    Rating BBB

    Agency Standard & Poors

    Ticker Symbol WBA

    Exchange NASDAQ

    Market Cap $89.49 Billion

    Revenue $112.92 Billion

    Years In Business 113 Years

    Number of Locations 8,173

    Headquarters Deerfield, IL

    Website www.walgreens.com

    The Walgreen Company (Walgreens) is the largest drug retailing chain in the United States. As of May 31, 2014, the company operated 8,217 stores in all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. It was founded in Chicago, Illinois, in 1901. The Walgreens headquarters office is in the Chicago suburb of Deerfield, Illinois. As of 2009, Walgreens employed 5,200 people at its headquarters. In 1987, Walgreens employed about 1,100 people at its headquarters, which was at the time in an unincorporated area on the west side of Deerfield. As of 2000, headquarters was still in an unincorporated area in West Deerfield Township. In the summer of 2014 a corporate relocation to Switzerland was considered as part of a merger with Alliance Boots, a European drugstore chain. On August 5, 2014, Walgreens announced that they would not be relocating their headquarters.

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    WALGREENS

    This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. 2015 Vitorino Group

    INVESTMENT HIGHLIGHTS

    Rare Annual Rent Escalations - Annual Rent Escalations of 1.5%

    Recent Lease Extension - Tenant Extended Lease for Additional 10 Years in February 2015

    Twice as Large as Standard Walgreens at 27,610 SF With Drive-Thru Pharmacy

    Location Sells Beer, Wine and Liquor

    Close Proximity to Regions Two Major Hospitals - Freeman West Emergency Room (346 Beds) and Mercy Hospital (200 Beds)

    More than $1 Billion in Massive Reconstruction Projects Underway in the Immediate Area

    Highly Accessible Location - 1.5 Miles from Interstate 44

    Superior Visibility - Traffic Counts Exceed 19,000

    Traffic Counts Along West 32nd Street Exceed 19,000 Vehicles Per Day and Along S Main Street Traffic Counts Exceed 15,000 Vehicles Per Day

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    WALGREENS

    This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. 2015 Vitorino Group

    AERIAL MAP

    JoplinHigh

    School

    NormanElementary

    School

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    WALGREENS

    This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. 2015 Vitorino Group

    LOCAL MAP

    FreemanWest

    EmergencyRoom Mercy

    ChildrensHospitalJoplin

    FreemanOrthopaedics

    & Sports Medicine

    MercyHospitalJoplin

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    WALGREENS

    This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. 2015 Vitorino Group

    REGIONAL MAP

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    WALGREENS

    This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. 2015 Vitorino Group

    MARKET SUMMARY

    JOPLIN, MO

    Joplin is a city in southern Jasper County and northern Newton County in the southwestern corner of the US state of Missouri. Joplin is the largest city in Jasper County, though it is not the county seat. Joplin is the main hub of the three county Joplin-Miami, Oklahoma Metropolitan area.

    Numerous trucking lines such as CFI (now Con-Way Truckload) are headquartered in town, as the city is situated near the geographic and population centers of the nation. Eagle-Picher Industries, TAMKO Building Products, AT&T Communications and FAG Bearings are noted employers in Joplin, and Leggett & Platt (Fortune 500) is located in nearby Carthage. The city is served by the Joplin Regional Airport located in the north of town near Webb City.

    On May 22, 2011, an EF5 tornado touched down near the western edge of the city among large, newer homes, at

    about 5:21 pm CDT (22:34 UTC) and tracked eastward across the city and across Interstate 44 into rural portions of Newton and Lawrence counties. Its track was reported to have been about 0.75 miles (1.21 km) in width and 22.1 miles (35.6 km) long.

    Due to its location near two major highways and its many event and sports facilities, Joplin attracts travelers and is a destination for conferences and group even

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