JOPLIN, MO
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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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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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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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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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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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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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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
