This document provides an offering for the sale of a newly constructed Walgreens property located in Chicago, Illinois. The 13,650 square foot Walgreens was built in 2010 and has a 25 year lease with Walgreens, an investment grade tenant. The property is located in the Mount Greenwood neighborhood of Chicago and benefits from strong demographics and traffic counts of over 41,700 vehicles per day. The offering provides investment return scenarios and financial details of the sale.

1. NET LEASED INVESTMENT OFFERING
Walgreens
3220 W. 111th Street
Chicago, IL
CONFIDENTIAL OFFERING MEMORANDUM
www.bouldergroup.com

2. TABLE OF CONTENTS
NET LEASED INVESTMENT OFFERING
TABLE OF CONTENTS
1) Confidentiality & Disclaimer
2) Executive Summary
3) Property Overview
4) Investment Return Scenarios
5) Site Plan
6) Aerial
7) Maps
8) Tenant Profile
9) Demographic Comparison Report
10) Location Overview
11) Contact Information
www.bouldergroup.com

3. 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

4. EXECUTIVE SUMMARY
NET LEASED INVESTMENT OFFERING
EXECUTIVE SUMMARY
The Boulder Group is pleased to exclusively market for sale a newly constructed Walgreens located in Chicago. This 13,650
square foot Walgreens was built in 2010 for a relocated Walgreens property. The property is located in the Mount Greenwood
neighborhood, which is one of seventy-seven Chicago communities and is less than fourteen miles from Downtown Chicago.
The property is located on northwest corner of 111th Street and Kedzie Avenue, which is benefitted by a traffic signal.
Additionally, this intersection has a visible Walgreen’s brick sign as well as a monument sign displaying the entryway into the
Mount Greenwood neighborhood. Both 111th Street and Kedzie Avenue are primary thoroughfares within Chicago and allow
a steady flow of traffic into the Walgreens. There are approximately 41,700 vehicles passing the site daily. The subject
property is conveniently located in between both a major Interstate and Tollway. Interstate 57 allows easy access to
downtown Chicago, while the Tri-State Tollway (294) provides access to nearby Chicagoland neighborhoods and suburbs.
One of the main attractions in Mount Greenwood is Saint Xavier University, which is home to over 5,000 students and is the
oldest university in Illinois. Major retail anchors located in close proximity to the subject asset include Dominick’s, Jewel, and
Kmart.
The rental commencement date for the Walgreens was November 1, 2010 with a 25 year lease and ten 5-year renewal
options. Walgreens’s annual rental payment is $485,000 and there are no landlord obligations in the lease. Walgreens is a
publicly traded company on the New York Stock Exchange (WAG), with a market capitalization of $35 Billion. Walgreens is an
investment grade company with a Standard & Poor’s rating of A+.
Investment Highlights
Investment grade tenant with a new long term lease Newly constructed property of a relocated Walgreens
Property is located in Chicago Located on a hard corner benefited by a traffic signal
Newly constructed property with high barriers to entry Four points of ingress-egress
Irreplaceable location along two heavily trafficked Close proximity to Saint Xavier University -
roadways in Chicago home to 5,000 students
www.bouldergroup.com

5. PROPERTY OVERVIEW
NET LEASED INVESTMENT OFFERING
PROPERTY OVERVIEW
Price: $7,238,800
Cap Rate: 6.70%
Net Operating Income: $485,000
Rental Escalations: None
Renewal Options: Ten 5-Year
Lease Commencement Date: November 1, 2010
Lease Expiration Date: October 31, 2035
Tenant: Walgreens
Credit Rating: A+
Year Built 2010
Lease Type: NNN
Rentable Square Feet: 13,650
Land Size: 1.44 acres
www.bouldergroup.com

6. INVESTMENT RETURN SCENARIOS
NET LEASED INVESTMENT OFFERING
INVESTMENT RETURN SCENARIOS
Fixed Loan Term 5-Years 10-Years 24-Years
Fixed Interest rate 5.50% 5.75% 6.45%
Amoritization 30 30 24
Loan To Value 70% 70% 70%
Equity Requirement $2,172,000 $2,172,000 $2,172,000
Net Annual Cash Flow $139,789 $130,192 $76,377
Cash on Cash Return 6.44% 5.99% 3.52%
Principal Reduction $381,991 $855,235 $5,066,600
Return on Equity 10.51% 9.93% 8.79%
(Average over loan term)
*The above are from sources deemed reliable, but we can not guarantee their accurarcy. Additionally, the terms are subject to change.
www.bouldergroup.com

7. SITE PLAN
NET LEASED INVESTMENT OFFERING
SITE PLAN
DRIVE
THRU
Monument
Sign
www.bouldergroup.com

8. AERIAL
NET LEASED INVESTMENT OFFERING
AERIAL
St. Xavier University
Ridge Country Club
41,700 VPD
W 111th St
Chicago High School
Ag Science
Marist High School
W 115th St
www.bouldergroup.com

9. MAPS
NET LEASED INVESTMENT OFFERING
MAPS
SITE
SITE
www.bouldergroup.com

10. 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

11. DEMOGRAPHIC COMPARISON REPORT
NET LEASED INVESTMENT OFFERING
DEMOGRAPHIC COMPARISON REPORT
Population 1-mile 3-mile 5-mile
Total Population 20,422 161,844 478,218
Total Households 7,722 58,612 163,450
Income
Median Household Income $51,003 $47,368 $42,899
Average Household Income $66,696 $63,595 $56,851
www.bouldergroup.com

12. LOCATION OVERVIEW
NET LEASED INVESTMENT OFFERING
LOCATION OVERVIEW
The subject property is located in, Mount Greenwood,
one of 77 well-defined Chicago community areas. It is a
predominantly Irish-Catholic neighborhood on the
Southwest Side of Chicago. It neighbors the Chicago
neighborhoods of Beverly and Morgan Park to the east,
the suburb of Evergreen Park to the north, the suburb of
Oak Lawn to the west, and the suburbs of Merrionette Park and Alsip to the south. Mount Greenwood is about 14 miles
(23 km) SW of the Downtown Chicago.
Mount Greenwood became part of Chicago in 1927. It was not until 1936 that the Works Progress Administration
finally laid sewage systems, and paved and lighted city streets. By the 1980s, Mount Greenwood was home to the last
surviving farm in the city, which was developed as the Chicago High School for Agricultural Sciences at the southeast
corner of 111th and Pulaski. Mount Greenwood is home to many Chicago Firefighters, Police Officers and Union
workers of Irish heritage.
Most of Mt. Greenwood's population is also Roman Catholic. Most students in the neighborhood attend Catholic
elementary schools and high schools. Mount Greenwood is home to two Catholic elementary schools (Queen of
Martyrs and St. Christina), three Catholic high schools (Brother Rice High School, Marist High School, and Mother
McAuley Liberal Arts High School) and a Catholic university (Saint Xavier University). Public grade schools in the area
are Mt. Greenwood Elementary School and George F. Cassell Elementary School. Both are filled with neighborhood
children.
www.bouldergroup.com

13. 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