Walgreens, Southeast Region

Property Description

Brand new absolute net leased Walgreens located in a regional retailing hub • Highest Trafficked Intersection in Claiborne County

• Trade Area Encompasses a 40Mile Radius

• High Growth Area

• Near a Multitude of Tourist Destinations

• Main and Main Location

Percentage Rent:

Percentage rent will be a sum equal to 2% of the Gross Sales, as defined in the lease, except Gross Sales from the sale of food items, if any, and prescription items, if any, plus .5% of such Gross Sales of food items, if any, and prescription items if any, in aggregate not to exceed twice the base rent.

Walgreens proffers an old-fashioned tonic for fiscal fitness: quality over quantity and homespun growth rather than growth through acquisition. It works. Despite having fewer stores than top drugstore rivals CVS and Rite Aid, Walgreens is #1 in sales. The company has nearly 3,900 Walgreen’s stores in 43 states and Puerto Rico. Prescription drugs account for almost 60% of sales; the rest comes from general merchandise, over-the-counter medications, cosmetics, and groceries. Walgreen builds rather than buys stores, so it can pick prime, high-traffic locations. For added convenience, more than two-thirds of its stores offer drive-through pharmacies, and almost all offer one-hour photo processing. Stockholders Equity $10.0 Billion; Annual Revenue $47.4 Billion; Annual Net Income $1.75 Billion; Net Income Increased 13%; Standard & Poor’s Investment Grade Rated “A+”. Walgreens current Moody’s rating is “Aa3” Investment Grade.

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