PROVEN RESULTS Net Lease Expertise: Walgreens Pharmacy
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Flagship Location Experience Selling Price: $13,610,000 Cap Rate: 5.75% Location: Oak Park (Chicago), IL Construction: Walgreens Geothermal Flagship; first location heated and cooled by Geothermal Energy Lease Term: Twenty-five (25) year base lease term (23+ years remaining)
Selling Price: $8,607,231 Cap Rate: 5.69% Location: Antioch (Chicago), IL Construction: Brand New 2012 Construction Lease Term: Twenty-five (25) year base lease term, with preferred Ten (1), Five (5) year option periods.
Selling Price: $7,304,378 Cap Rate: 6.15% Location: Birmingham, AL Construction: Brand-new, Trophy Real Estate with custom exterior design, new prototype interior and drive-thru access Lease Term: Twenty-five (25) year base lease term with Fifty (50), One (1) Year renewal options
Proven Buyer Pool
22 Current SJC Listings
Walgreens Pharmacy $11,100,000 | 5.25% North Bergen, NJ
Walgreens Pharmacy $9,673,640 | 5.37% Dallas, TX
Walgreens Pharmacy $9,130,000 | 5.5% Whiting, NJ
Walgreens Pharmacy $7,000,000 | 5.5% Conroe, TX
Walgreens Pharmacy $6,236,363 | 5.5% Wheaton, IL
Walgreens Pharmacy $5,539,000 | 6.25% Hutchinson, KS
TENANT
CITY
STATE
PRICE
CAP RATE
Walgreens (Portfolio)
Clinton
MA
$45,335,200
6.25%
Walgreens
Jackson Hole
WY
$13,098,000
Walgreens
Lincolnton
NC
Walgreens
San Marcos (Austin)
Walgreens Walgreens
TENANT
CITY
STATE
PRICE
CAP RATE
Walgreens Pharmacy
Pine Bluff
AR
$6,204,918
6.25%
5.25%
Walgreens
Hilton Head (Bluffton)
SC
$5,573,770
6.13%
$7,250,635
6.20%
Walgreens (Ground Lease)
Mesa
AZ
$5,000,000
5.00%
TX
$6,709,691
5.50%
Walgreens
Fort Madison
IA
$4,956,521
6.15%
Beaver Falls
PA
$6,640,000
5.95%
Walgreens
Trenton
OH
$4,750,000
6.10%
Walgreens
Newton
KS
$4,625,000
6.25%
Silsbee
TX
$6,223,267
6.30%
Walgreens
Morgantown
WV
$3,872,000
6.44%
Recently Sold SJC Listings
Walgreens Pharmacy $13,610,000 | 5.75% Oak Park, IL
Walgreens Pharmacy $5,360,000 | 6.25% Rogers, AR
Walgreens Pharmacy $5,285,000 | 6.62% Homewood, IL
Walgreens Pharmacy $5,104,000 | 6.25% Republic, MO
Walgreens Pharmacy $3,900,000 | 6.51% Huntsville, AL
Walgreens Pharmacy $3,052,000 | 5.73% Pearland, TX
TENANT
CITY
STATE
PRICE
CAP RATE
Walgreens
Oak Park (Chicago)
IL
$13,605,949
5.75%
Walgreens
Skokie (Chicago)
IL
$11,259,862
Walgreens
Lake Stevens
WA
Walgreens
Antioch
Walgreens
TENANT
CITY
STATE
PRICE
CAP RATE
Walgreens
Huntsville
AL
$5,400,000
7.47%
5.75%
Walgreens
Warren
MI
$5,400,000
9.00%
$9,294,605
5.95%
Walgreens
Houston
TX
$5,296,551
7.25%
IL
$8,607,231
5.69%
Walgreens
Springfield
IL
$4,917,674
8.50%
Brewer
ME
$7,750,000
6.12%
Walgreens
Hutchinson
KS
$4,808,000
7.20%
Walgreens
Chicago
IL
$7,331,952
5.75%
Walgreens
Mounds View
MN
$4,719,723
7.23%
Walgreens
Birmingham
AL
$6,829,270
6.15%
Walgreens
Lawrenceville
GA
$4,700,000
7.81%
Walgreens
Georgetown
TX
$6,406,780
5.90%
Walgreens
Clintonville
WI
$4,550,000
6.00%
Walgreens
Uvalde
TX
$6,000,000
6.25%
Walgreens
Newton
KS
$4,015,000
7.20%
Walgreens
Grand Junction
CO
$5,658,000
6.15%
Walgreens
Tucson
AZ
$3,561,290
7.75%
Walgreens
Charlotte
NC
$5,435,000
6.90%
Walgreens
Eagan
MN
$2,250,000
7.59%
One Team, One Platform, One Focus More than $2 Billion in 2012 NNN Transactions Stan Johnson Company is a national real estate investment brokerage firm with more than $2 billion in successful NNN transactions in 2012. With the largest collaborative team in the single-tenant, net lease industry, we offer acquisition, disposition, pricing advisory, and 1031 exchange services to a wide range of clients throughout the United States. This intense specialization has resulted in an extensive network of brokers with insider knowledge and strong relationships – enabling us to efficiently match buyers with sellers. Drawing on a full array of retail services, our professionals create superior solutions for sale leaseback, fee simple, ground lease, leasehold, and zero cash flow deals. As of 2013, we’ve completed over $14 billion of single-tenant, net-lease transactions nationally.
• • • • • • • • •
Pharmacy
Quick-Serve/Fast Food Restaurants
Automotive
Dollar Stores
Restaurants
Ground Leases
Big-Box Retailers
Banks
Retail Boxes Portfolio Sales Sale-Leasebacks Build-to-Suits Private Equity Placements 1031 Exchange Properties Commercial Buildings Office Buildings Warehouses/Manufacturing
*This map represents all retail sales by SJC up until July 2013.
$2 Billion
Over $2B in Sales in 2012
$14 Billion
Over $14B Single-Tenant, Net Lease Transactions
Over 25 Years of Experience
9 Cities with 50+ Brokers Largest Team of Net Lease Brokers
25 Years
Camille Renshaw, CCIM Director, Investment Sales crenshaw@stanjohnsonco.com P: 646.778.5560
David Bailey Associate, Investment Sales dbailey@stanjohnsonco.com P: 646.841.0632
John Rotunno Associate, Investment Sales jrotunno@stanjohnsonco.com P: 646.841.0637
Scott Scurich Associate, Investment Sales sscurich@stanjohnsonco.om P: 646.841.0640
Stan Johnson Company 180 Madison Ave | Suite 2200 New York, NY 10016 P: 646.778.5560 F: 646.786.4573