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					              NET LEASED INVESTMENT OFFERING




         Walgreens
      1090 High Street
Hamilton, OH (Cincinnati MSA)


 CONFIDENTIAL OFFERING MEMORANDUM




       www.bouldergroup.com
                                      TABLE OF CONTENTS
NET LEASED INVESTMENT OFFERING




TABLE OF CONTENTS


1)     Confidentiality & Disclaimer

2)     Executive Summary

3)     Property Overview

4)     Site Plan

5)     Aerial

6)     Maps

7)     Tenant Profile

8)     Demographic Comparison Report

9)     Location Overview

10) Contact Information




     www.bouldergroup.com
                                                                                 CONFIDENTIALITY & DISCLAIMER
                                            NET LEASED INVESTMENT OFFERING




                                       CONFIDENTIALITY & DISCLAIMER

The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be
reviewed only by the party receiving it from The Boulder Group and should not be made available to any other person or entity
without the written consent of The Boulder Group. This Marketing Brochure has been prepared to provide summary,
unverified 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. The Boulder Group has not
made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject
property, the future projected financial 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 financial 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, The Boulder Group has not
verified, and will not verify, any of the information contained herein, nor has The Boulder Group 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.




                                                 www.bouldergroup.com
                                                                                                 EXECUTIVE SUMMARY
                                            NET LEASED INVESTMENT OFFERING




                                               EXECUTIVE SUMMARY

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Walgreen’s located within the
Cincinnati metropolitan area. This 13,905 square foot Walgreen’s was built in 1999 and is located in northern Cincinnati.
Hamilton is located less than twenty miles north of downtown Cincinnati. Hamilton is on the border of Fairfield Township, one
of the fastest-growing areas of the greater Cincinnati market.

The property is located on High Street also known as State Route 129. State Route 129 is a four lane east-west highway that
becomes a two lane street in Hamilton. The subject property is benefited by a traffic signal at State Road 129 and Erie Street.
Over 23,800 vehicles per day pass the site daily with two points of ingress and egress.

One mile south of the property is Miami University–Hamilton Campus (regional campus of Miami University in Oxford, Ohio).
Miami University-Hamilton is a commuter campus with current enrollment (2010) of approximately 5,000 students.

Walgreen’s original lease term was for 20 years with eight 5-year renewal options and the lease expires in September 2019.
Walgreen’s is a publicly traded company on the New York Stock Exchange (WAG), with a market capitalization of $35 Billion.
Walgreen’s is an investment grade company with a Standard & Poor’s rating of A+.

Investment Highlights

     Investment grade tenant
     Property is located within the Cincinnati MSA
     Signalized intersection with high traffic volumes
     Located within close proximity to Miami
     University-Hamilton Campus
     Dense area with high barriers to entry
     Irreplaceable location along one of the most
     heavily trafficked roadways of Hamilton




                                                www.bouldergroup.com
                                                              PROPERTY OVERVIEW
                 NET LEASED INVESTMENT OFFERING




                      PROPERTY OVERVIEW

Price:                              $4,580,645
Cap Rate:                           7.75%
Net Operating Income:               $355,000
Rental Escalations:                 None
Renewal Options:                    Eight 5-Year
Lease Commencement Date:            September 26, 1999
Lease Expiration Date:              September 30, 2019
Tenant:                             Walgreens
Credit Rating:                      A+
Year Built                          1999
Lease Type:                         NN (roof, structure, parking lot replacement)
Rentable Square Feet:               13,905
Land Acreage:                       1.58 Acres




                      www.bouldergroup.com
                                                                  SITE PLAN
                       NET LEASED INVESTMENT OFFERING




                                SITE PLAN




                                        Al Steward St.
High Street (SR 129)




                                                         (SR 4)
                                 Erie Blvd




                          www.bouldergroup.com
                                                              AERIAL
NET LEASED INVESTMENT OFFERING




          AERIAL


                                               D
                                             VP
                                         0
                                   ,  50
                                 10




                                                   LJ Smith
                                                     Park




                                                      13,300
                                                               VPD




   www.bouldergroup.com
                                               MAPS
       NET LEASED INVESTMENT OFFERING




                  MAPS




                              SITE



                                        SITE




SITE




          www.bouldergroup.com
                                                                                              TENANT PROFILE
                                       NET LEASED INVESTMENT OFFERING




                                             TENANT PROFILE

Walgreens is engaged in retail drugstore business. As of November 2010, the Company operated 8,131
locations in all 50 states, the District of Columbia, Puerto Rico and Guam. That includes 7,650 drugstores, 503
more than a year ago, including 291 stores acquired over the last 12 months. The company also operates
worksite health centers, home care facilities, and specialty and mail service pharmacies. Its Take Care Health
Systems subsidiary manages more than 700 in-store convenient care clinics and worksite health and wellness
centers. The Company’s drugstores are engaged in the retail sale of prescription and non-prescription drugs
and general merchandise. General merchandise includes, among other things, household items, personal
care, convenience foods, beauty care, photofinishing, candy, and seasonal items. Walgreens offers customers
the choice to have prescriptions filled at the drugstore counter, as well as through the mail, by telephone, and
through the Internet. In January 2010, the Company announced that it has completed the acquisition of the
assets of 12 Eaton Apothecary pharmacies.


Website:                       www.walgreens.com
Number of Locations:           8,131
Stock Symbol:                  WAG : NYSE
Standard & Poors Rating:       A+
Market Capitalization:         $35 Billion




                                           www.bouldergroup.com
                                                   DEMOGRAPHIC COMPARISON REPORT
                            NET LEASED INVESTMENT OFFERING




                        DEMOGRAPHIC COMPARISON REPORT

Population                                    1-mile          3-mile    5-mile


2009 Total Population                        12,573           69,917   122,293
2009 Total Households                         4,533           27,751    47,308
2009 Daytime Population                      13,040           51,462    87,797


Income


2009 Median Household Income               $33,499           $42,184   $48,259
2009 Average Household Income               $42,887          $56,049   $63,122




                                www.bouldergroup.com
                                                                                             LOCATION OVERVIEW
                                           NET LEASED INVESTMENT OFFERING




                                           LOCATION OVERVIEW

                                        Cincinnati is a city in the U.S. state of Ohio and the third largest city in the
                                        state. According to a 2008 Census Bureau estimate, the Cincinnati
                                        metropolitan area had a population of 2,155,137 making it the largest MSA in
                                        Ohio (surpassing Cleveland, which ranks 26th), and the 24th most populous
                                        in the United States. Cincinnati is home to major sports teams, including the
                                        Cincinnati Reds and the Cincinnati Bengals, and it sponsors annual events
                                        such as the Cincinnati Masters tennis tournament, the Ohio Valley Jazz
Festival, and the Thanksgiving Day race. Cincinnati is home to the University of Cincinnati and Xavier University.

Altogether, nine Fortune 500 companies and fifteen Fortune 1000 companies are headquartered in the Cincinnati
area. With nine Fortune 500 company headquarters in Cincinnati, the region ranks in the nation's Top 10 markets for
number of Fortune 500 headquarters per million residents, higher than New York, Boston, Chicago, or Los Angeles.
The largest employer in Cincinnati is the University of Cincinnati, with 15,862 employees. Kroger is the second largest,
with 15,600 employees.

The City of Hamilton, the County Seat of Butler County, is an important regional center of business, industry, culture,
and government. Located in Southwest Ohio, the City of Hamilton is part of the Cincinnati metropolitan area. With big
city amenities and small town charm, Hamilton continues to retain the character of the city's past while sharpening its
focus for the future.




                                              www.bouldergroup.com
                                                    CONTACT INFORMATION
            NET LEASED INVESTMENT OFFERING




              CONTACT INFORMATION




              666 Dundee Road | Suite 1801
                  Northbrook, IL 60062

Randy Blankstein                 Jimmy Goodman
President                        Partner
847.562.0003                     847.562.8500
rblank@bouldergroup.com          jimmy@bouldergroup.com




                www.bouldergroup.com

				
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Description: single tenant net leased Walgreens for sale