EXCLUSIVELY LISTED INVESTMENT OFFERING
E XCLUSIVELY L ISTED I NVESTMENT O FFERING 2349 NORTH MONROE ST. TALLAHASSEE, FL 32303
u Lease Structure: Eleven years remaining with 8 (5 year) options to follow on a NN lease. New roof in 2009 with 15 year transferable warranty
u Stable Income: Rental income guaranteed by Walgreens corporate (S&P BBB) investment grade fortune 500 company with over 8,000 locations
u Commitment
to
Location:
Walgreens renewed two (5 year) options early corporately guaranteeing rental income for the next eleven years with another forty years in options to follow
u Strong Retail Corridor: Adjacent to the 988,000 square foot Tallahassee Regional Mall with national anchors of AMC Theatres, Bed Bath & Beyond, Ross & Sports Authority
u Strong Historical Sales: Above average sales at the location benefiting from a 24 hour store that has beer/wine sales and a drive thru pharmacy open until midnight.
Nearly twenty
years of operating history and performance
Jason Jason Stuart Stuart Pongsrikul Pongsrikul Managing Managing Principal Principal
Direct: Direct: 858.537.0828 858.537.0828 || Fax: Fax: 619.839.0828 619.839.0828 [email protected] [email protected] 4603 4603 Mission Mission Blvd. Blvd. Suite Suite 216 216 San Diego, CA 92109 San Diego, CA 92109 CA CA License License # # 01785565 01785565
Listed in Association with Listed in Association with Ken Montavani III, Florida Broker LIC # 3043262
www.pharmapropertygroup.com
1
PROPERTY &
LEASE INFORMATION 2349 NORTH MONROE ST. TALLAHASSEE, FL 32303
PRICING
Asking Price: $4,440,581
Asking CAP Rate: 5.68%
Annual Income: $252,225
Monthly Income: $21,018.75
LEASE OVERVIEW Tenant: Walgreens (NYSE: WAG)
Lease Term: 11 Years remaning with
Landlord Income: Corporate Guarantee
Eight 5 Year Options to follow
Credit Rating: Investment Grade, BBB (S&P)
Options Begin: May 31ST, 2025
Lease Type: Double Net Landlord Responsible for Roof/ Exterior Structure. New roof in 2009 with 15 yr transferable warranty
PROPERTY INFORMATION Address: 2349 North Monroe ST. Tallahassee, FL 32303
Lot Size: 68,607 Square Feet Building Size: 15,433 Suqare feet
Florida State Map City of Tallahassee
Subject Property Tallahassee is the capital of Florida with nearly 400,000 residents and is located in the northern part of the state in the Florida panhandle about 250 miles to the north west of Orlando and 160 miles to the west of Jacksonville. Tallahassee benefits from a strong student and government employment base. The state of Florida employs 25,000 in the state capital of Tallahassee and Florida State University has over 40,000 students enrolled.
Jason Stuart Pongsrikul Managing Principal
Direct: 858.537.0828 | Fax: 619.839.0828 [email protected] 4603 Mission Blvd. Suite 216 San Diego, CA 92109 CA License # 01785565
www.pharmapropertygroup.com
2
Strong Retail Corridor and Stable Employment Demographics 2349 NORTH MONROE ST. TALLAHASSEE, FL 32303
Commitment to Location: Walgreens renewed two (5 year) options early corporately guaranteeing rental income for the next eleven years with another forty years in options to follow. Lease Structure: Landlord responsible for roof and exterior structure. A new roof was installed in 2009 with a 15 year transferable roof warranty. Located on Signalized Corner: Drive thru pharmacy located at the north east corner of Monroe Street and John Knox Road with traffic counts exceeding 56,000 vehicles per day (41,000 VPD Monroe & 16,000 VPD John Knox). Strong Retail Corridor: Adjacent to the 988,000 square foot Tallahassee Regional Mall with national anchors of AMC Theatres, Bed Bath & Beyond, Ross & Sports Authority. Strong Employment & Student Base: Three miles to the south of the subject property is the State Capital Building (Tallahassee employs 25,000 Florida state administrative workers) , Florida State University (41,000 enrolled students) and Florida A & M University (13,000 enrolled students).
Jason Stuart Pongsrikul Managing Principal
Direct: 858.537.0828 | Fax: 619.839.0828 [email protected] 4603 Mission Blvd. Suite 216 San Diego, CA 92109 CA License # 01785565
www.pharmapropertygroup.com
3
S urrounding P harmacy
Locations by Distance
2349 NORTH MONROE ST. TALLAHASSEE, FL 32303
Strong Historical Sales: Above average sales at the location benefiting from a 24 hour store that has beer/wine sales and a drive thru pharmacy open until midnight. No Market Saturation: Nearest Walgreens to the North, West, and East is 3.5 miles. Nearest Walgreens to the south is 2 miles in distance. Limited Competition: Only three other competing national pharmacies in a three mile radius Target Pharmacy Demographics: Nearly a third of the population in a 5 mile radius are over the age of 45 years. Jason Stuart Pongsrikul Managing Principal
Direct: 858.537.0828 | Fax: 619.839.0828 [email protected] 4603 Mission Blvd. Suite 216 San Diego, CA 92109 CA License # 01785565
www.pharmapropertygroup.com
4
WALGREENS COMPANY SUMMARY 2349 NORTH MONROE ST. TALLAHASSEE, FL 32303 Walgreens was founded in 1901 and is based in Deerfield, Illinois. The majority of Walgreens income derives from third party prescriptions on location; however, Walgreens has additional revenue from consumer goods and services, beauty care products, general merchandise and both mail and telephone prescriptions. As of first quarter 2014, Walgreens operated over 8,600 drugstores in all 50 states, the District of Columbia, Puerto Rico, Guam, and the United States Virgin Islands. The company also manages over 700 worksite health and wellness centers, and in-store convenient care clinics in the United States. Many of the Healthcare Clinics are located at strategic locations to provide primary care services, health and wellness programs, and to administer immunizations and vaccines. •Walgreens company information received from Yahoo Finance.
Jason Stuart Pongsrikul Managing Principal
Direct: 858.537.0828 | Fax: 619.839.0828 [email protected] 4603 Mission Blvd. Suite 216 San Diego, CA 92109 CA License # 01785565
www.pharmapropertygroup.com
5
W ALGREENS L OCATION BY STATE 2349 NORTH MONROE ST. TALLAHASSEE, FL 32303
Walgreens Fiscal 2014 Historical Store Growth Monthly: Opened Closed Closed/Replaced Replaced Acquired
Sep-13 5 1 8 8 0
Oct-13 9 2 4 4 0
Nov-13 15 5 9 9 71
Dec-13 5 14 1 1 3
Jan-14 9 4 3 3 0
Feb-14 3 0 5 5 0
Mar-14 10 5 3 4 3
Apr-14
May-14
Jun-14
Jul-14
Aug-14
TOTAL 56 31 33 34 77
13 8 1
13 4 2
95 9 5
9 1 14
12 3 4
8 5 0
17 3 5
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
167 33 31
Opened/Replaced/Acquired Relocated Closed Net New
4 7 81 -6 5 3 9 0 0 0 0 0 103 8585 • Includes drugstores, worksite health and wellness centers, infusion and respiratory services facilities, specialty pharmacies and mail service facilities Total Count received from Yahoo 8589 Finance 8596 8677 8671 8676 8679 8688 8688 8688 8688 8688 8688 • Company information 8210 Home Medical Centers
Health and Wellness/Worksite Pharmacies Jason Stuart Pongsrikul Other* Managing Principal
82 371 13 8123
82 370 13 8131
96 372 13 8196
Drug Stores Direct: 858.537.0828 | Fax: 619.839.0828 [email protected] Quarterly: 4603 Mission Blvd. Suite 216 Open 121 San Diego, CA 92109 CA License # 01785565 Relo 21
96 364 11 8200
94 365 11 8206
Closed
8
29 9 18
Net
92
2
93 366 11 8209
91 362 11 8221
8685
8685
8686
8685
8684
17 0 167 3 0 33 www.pharmapropertygroup.com 5 0 31 9
0
103
6
Demographic Snapshot Pop-Facts: Demographic Snapshot 2014 Report Radius 1: 2349 N MONROE ST, TALLAHASSEE, FL 32303-4733, aggregate
RadiusMONROE 2: 2349 N MONROE ST, TALLAHASSEE, FL 2349 NORTH ST. TALLAHASSEE, FL32303-4733, 32303 aggregate Radius 3: 2349 N MONROE ST, TALLAHASSEE, FL 32303-4733,Snapshot aggregate 2014 Report Pop-Facts: Demographic 0.00 - 1.00 miles Radius 1 %
0.00 - 3.00 miles Radius 2 %
0.00 - 5.00 miles Radius 3 %
Population Radius 1: 2349 N MONROE ST, TALLAHASSEE, FL 32303-4733, aggregate Radius 2349 N MONROE ST, TALLAHASSEE, FL 32303-4733, aggregate 20192:Projection 9,889 Radius 2349 N MONROE ST, TALLAHASSEE, FL 32303-4733, aggregate 20143:Estimate 9,417 2010 Census 9,080 0.00 - 1.00 miles Description 2000 Census 8,328 Radius 1 %
91,889 87,728 84,712 0.00 - 3.00 miles 76,3662 Radius %
178,422 169,947 0.00 - 163,844 5.00 miles 148,758 Radius 3 %
4.74% 16,110 18.36 3.56% 10.93% 84,344
4.99% 28,999 17.06 3.72% 10.14% 161,827
Description
2014 Est. Population by Ancestry Growth 2014-2019 Pop, Ancestry Unclassified Growth 2010-2014 Growth 2000-2010 2014 Est. Pop Age 5+ by Language Spoken At Home
5.02% 1,195 12.69 3.71% 9.03% 8,896
Only Home 2014Speak Est. Pop byEnglish Single at Race Class Speak Asian/Pac. Isl. Lang. at Home White Alone Speak IndoEuropean Language at Home Black or African American Alone Speak Spanish at Home Amer. Indian and Alaska Native Alone Speak Other Language at Home Asian Alone Native Hawaiian and Other Pac. Isl. Alone 2014 Est. Population by Sex Some Other Race Alone Male Two or More Races Female
7,752 9,417 187 5,292 356 3,369 570 40 31 213 7 9,417 149 4,508 347 4,909
2014 Est. Pop Hisp or Latino by Origin 2014 Est. Population by Age Not Hispanic or Latino Age 0 - 4 or Latino: Hispanic Age 5-9 Mexican Age 10 - 14 Puerto Rican Age 15 - 17 Cuban Age - 20 Hispanic or Latino All18Other Age 21 - 24 - 34or Latino by Single Race Class 2014Age Est.25 Hisp Age 35 - 44 White Alone Age 45 - 54 Black or African American Alone Age 55 - 64 American Indian and Alaska Native Alone Age 65 - 74 Asian Alone Age 75 - 84 Native Hawaiian and Other Pacific Islander Alone Age 85 and over Some Other Race Alone Two or More Races Age 16 and over Age 18 and over Age 21 and over Age 65 and over
9,417 9,417 8,540 521 877 495 269 415 174 305 100 549 334 1,456 1,881 877 1,091 568 867 60 837 8 510 6 285 0 205 133 103 7,887 7,681 7,132 1,000
2014 Est. Median Age 2014 Est. Average Age Prepared On: Tues Apr 29, 2014 Page
1
Of 12
87.14 2.10 56.20 4.00 35.78 6.41 0.42 0.35 2.26 0.07 1.58 47.87 3.68 52.13
76,189 87,728 1,157 56,574 2,541 25,175 4,201 213 256 1,867 68 87,728 1,443 41,886 2,388 45,842
90.69 5.53 9.31 5.26 30.67 4.41 19.84 3.24 11.40 5.83 38.08 15.46 19.97 11.59 64.77 9.21 6.84 8.89 0.91 5.42 0.68 3.03 0.00 2.18 15.17 11.74 83.75 81.57 75.74 10.62
87,728 87,728 79,923 3,384 7,805 3,192 1,511 2,633 1,380 3,150 1,792 13,113 3,122 20,552 14,050 7,805 6,982 5,340 6,116 537 6,722 34 4,358 51 2,247 8 1,229 1,271 564 77,516 75,370 62,257 7,835
90.33 1.37 64.49 3.01 28.70 4.98 0.24 0.30 2.13 0.08 1.64 47.75 2.72 52.25
145,274 169,947 2,741 95,431 5,755 62,192 7,119 495 938 4,375 120 169,947 2,794 80,055 4,540 89,892
89.77 1.69 56.15 3.56 36.59 4.40 0.29 0.58 2.57 0.07 1.64 47.11 2.67 52.89
91.10 3.86 8.90 3.64 19.36 3.00 17.68 3.59 22.96 14.95 40.00 23.43 16.02 7.96 68.42 6.97 6.88 7.66 0.44 4.97 0.65 2.56 0.10 1.40 16.28 7.23 88.36 85.91 70.97 8.93
169,947 169,947 156,612 8,120 13,335 7,740 2,927 6,582 2,531 6,272 2,659 19,270 5,218 31,429 29,236 13,335 16,434 8,589 14,186 1,116 14,583 83 9,047 78 4,567 12 2,480 2,452 1,005 145,482 141,233 121,963 16,094
92.15 4.78 7.85 4.55 21.95 3.87 18.98 3.69 19.94 11.34 39.13 18.49 17.20 9.67 64.41 8.35 8.37 8.58 0.62 5.32 0.58 2.69 0.09 1.46 18.39 7.54 85.60 83.10 71.77 9.47
30.1
24.6
26.9
34.90By: Prepared
32.40
33.40
Nielsen Solution Center 1 800 866 6511 Prepared For:
© 2014 The Nielsen Company. All rights reserved.
Jason Stuart Pongsrikul Managing Principal
Direct: 858.537.0828 | Fax: 619.839.0828 Prepared On: Tues Apr 29, 2014 Page [email protected] 4603 Mission Blvd. Suite 216 Prepared For: San Diego, CA 92109 CA License # 01785565
3
Of 12
Prepared By: Nielsen Solution Center 1 800 866 6511 © 2014 The Nielsen Company. All rights reserved.
www.pharmapropertygroup.com
7
RadiusRadius 1: 23491:N2349 MONROE N MONROE ST, TALLAHASSEE, ST, TALLAHASSEE, FL 32303-4733, FL 32303-4733, aggregate aggregate RadiusRadius 2: 23492:N2349 MONROE N MONROE ST, TALLAHASSEE, ST, TALLAHASSEE, FL 32303-4733, FL 32303-4733, aggregate aggregate RadiusRadius 3: 23493:N2349 MONROE N MONROE ST, TALLAHASSEE, ST, TALLAHASSEE, FL 32303-4733, FL 32303-4733, aggregate aggregate 0.00 - 1.00 0.00 miles - 1.00 miles 0.00 - 3.00 0.00 miles - 3.00 miles 0.00 - 5.00 0.00 miles - 5.00 miles Description Description RadiusRadius 1 1% % RadiusRadius 2 % 2 % RadiusRadius 3 % 3 %
Household Data
2014 Est. 2014 Households Est. Households by Household by Household Type Type FamilyFamily Households Households Nonfamily Nonfamily Households Households 2014 Est. 2014 Group Est. Group Quarters Quarters Population Population
2349 NORTH MONROE ST. TALLAHASSEE, FL 32303 2014 HHs 2014by HHs Ethnicity, by Ethnicity, Hispanic/Latino Hispanic/Latino 2014 Est. 2014 HHs Est.by HHs HHby Income HH Income CY HHs, CYInc HHs, < $15,000 Inc < $15,000 CY HHs, CYInc HHs, $15,000 Inc $15,000 - $24,999 - $24,999 CY HHs, CYInc HHs, $25,000 Inc $25,000 - $34,999 - $34,999 CY HHs, CYInc HHs, $35,000 Inc $35,000 - $49,999 - $49,999 CY HHs, CYInc HHs, $50,000 Inc $50,000 - $74,999 - $74,999 CY HHs, CYInc HHs, $75,000 Inc $75,000 - $99,999 - $99,999 CY HHs, CYInc HHs, $100,000 Inc $100,000 - $124,999 - $124,999 CY HHs, CYInc HHs, $125,000 Inc $125,000 - $149,999 - $149,999 CY HHs, CYInc HHs, $150,000 Inc $150,000 - $199,999 - $199,999 CY HHs, CYInc HHs, $200,000 Inc $200,000 - $249,999 - $249,999 CY HHs, CYInc HHs, $250,000 Inc $250,000 - $499,999 - $499,999 CY HHs, CYInc HHs, $500,000+ Inc $500,000+
4,282 4,282
36,68436,684
71,14371,143
1,955 1,955 45.66 45.66 2,327 2,327 54.34 54.34
13,75213,752 37.49 37.49 22,93222,932 62.51 62.51
30,98330,983 43.55 43.55 40,16040,160 56.45 56.45
18 310
18
9,829 9,829
310 7.24 7.24
4,282 4,282 802 506 555 685 803 440 145 97 163 45 37 5
18.73 802 11.82 506 12.96 555 16.00 685 18.75 803 10.28 440 145 3.39 2.27 97 163 3.81 1.05 45 0.86 37 0.12 5
15,00715,007
2,846 2,846 7.76 7.76 36,68436,684
18.73 11.82 12.96 16.00 18.75 10.28 3.39 2.27 3.81 1.05 0.86 0.12
10,57210,572 28.82 4,962 4,962 13.53 4,335 4,335 11.82 5,158 5,158 14.06 4,725 4,725 12.88 2,825 2,825 7.70 1,447 1,447 3.94 907 907 2.47 889 889 2.42 336 336 0.92 394 394 1.07 133 133 0.36
4,793 4,793 6.74 6.74 71,14371,143
28.82 13.53 11.82 14.06 12.88 7.70 3.94 2.47 2.42 0.92 1.07 0.36
17,73117,731 24.92 9,168 9,168 12.89 7,718 7,718 10.85 11,10611,106 15.61 10,36710,367 14.57 6,333 6,333 8.90 3,292 3,292 4.63 2,026 2,026 2.85 1,729 1,729 2.43 640 0.90 640 761 1.07 761 272 0.38 272
2014 Est. 2014 Average Est. Average Household Household IncomeIncome
$54,381 $54,381
$48,498 $48,498
$51,924 $51,924
2014 Est. 2014 Median Est. Median Household Household IncomeIncome
$41,090 $41,090
$31,478 $31,478
$36,290 $36,290
White Alone White Alone
48,16748,167
36,66336,663
43,47343,473
Two orTwo More orRaces More Races
31,28531,285
25,65125,651
31,89731,897
24.92 12.89 10.85 15.61 14.57 8.90 4.63 2.85 2.43 0.90 1.07 0.38
2014 Median 2014 Median HH IncHH byInc Single by Single Race Class. Race Class. or Ethn or Ethn Black or Black African or African American American Alonehas Alone 30,369 23,05523,055 25,907 25,907 Disclaimer: This information been secured from sources we30,369 believe to be reliable, but we make no represenAmerican American Indian Indian and Alaska and Alaska Native Native Alone Alone 33,92333,923 36,12036,120 41,94541,945 tations or warranties, expressed or implied, as to the accuracy of the information. References to square footage, Asian Alone Asian Alone 34,56734,567 26,99326,993 30,61530,615 age, distances, lotHawaiian size, store opening dates, demographic information, & Native Native Hawaiian and Other and Pacific Other Pacific Islander Islander Alone Alone 62,50062,500 aerial information, 63,01763,017tenant information, 64,01664,016 Other Some Race Other Alone Race Alone 28,88328,883 31,45531,455 31,54931,549 storeSome operating information are approximate.
BuyerHispanic and Hispanic their representatives understands that Walgreens39,708 tenant information 24,853 was gathered deemed or Latino or Latino 39,708 24,853 by sources 31,141 31,141 to beNot reliable public quarterly and annual reports. information was36,676 provided Hispanic Not including Hispanic or Latino or Walgreens Latino 41,232 41,232 Demographic 31,96031,960 36,676 by Nielsen Information Systems. By accepting this package, buyer and their representatives must verify the infor2014 Est. 2014 Family Est. Family HH Type, HH Presence Type, Presence Children Own Children 1,955 1,955 30,98330,983 mation and bears all risk for any Own inaccuracies. © 2014 Pharma Property Group. 13,75213,752 Married-Couple Married-Couple Family,Family, own children own children
413 21.13 413 21.13
2,715 2,715 19.74 19.74
6,335 6,335 20.45 20.45
By: By: PreparedPrepared On: Tues On: Apr Tues 29, Apr 201429,Page 2014 Page 6 Of6 12 Of 12PreparedPrepared Nielsen Nielsen SolutionSolution Center 1Center 800 866 1 800 6511 866 6511 PreparedPrepared For: For:
© 2014 © The 2014 Nielsen The Nielsen Company. Company. All rights Allreserved. rights reserved.
Jason Stuart Pongsrikul Managing Principal
Direct: 858.537.0828 | Fax: 619.839.0828 [email protected] 4603 Mission Blvd. Suite 216 San Diego, CA 92109 CA License # 01785565
www.pharmapropertygroup.com
8
u Lease Structure: Eleven years remaining with 8 (5 year) options to follow on a NN lease. New roof in 2009 with 15 year transferable warranty
u Stable Income: Rental income guaranteed by Walgreens corporate (S&P BBB) investment grade fortune 500 company with over 8,000 locations
u Commitment
to
Location:
Walgreens renewed two (5 year) options early corporately guaranteeing rental income for the next eleven years with another forty years in options to follow
u Strong Retail Corridor: Adjacent to the 988,000 square foot Tallahassee Regional Mall with national anchors of AMC Theatres, Bed Bath & Beyond, Ross & Sports Authority
u Strong Historical Sales: Above average sales at the location benefiting from a 24 hour store that has beer/wine sales and a drive thru pharmacy open until midnight.
Nearly twenty
years of operating history and performance
Jason Jason Stuart Stuart Pongsrikul Pongsrikul Managing Managing Principal Principal
Direct: Direct: 858.537.0828 858.537.0828 || Fax: Fax: 619.839.0828 619.839.0828 [email protected] [email protected] 4603 4603 Mission Mission Blvd. Blvd. Suite Suite 216 216 San Diego, CA 92109 San Diego, CA 92109 CA CA License License # # 01785565 01785565
Listed in Association with Listed in Association with Ken Montavani III, Florida Broker LIC # 3043262
www.pharmapropertygroup.com
1
PROPERTY &
LEASE INFORMATION 2349 NORTH MONROE ST. TALLAHASSEE, FL 32303
PRICING
Asking Price: $4,440,581
Asking CAP Rate: 5.68%
Annual Income: $252,225
Monthly Income: $21,018.75
LEASE OVERVIEW Tenant: Walgreens (NYSE: WAG)
Lease Term: 11 Years remaning with
Landlord Income: Corporate Guarantee
Eight 5 Year Options to follow
Credit Rating: Investment Grade, BBB (S&P)
Options Begin: May 31ST, 2025
Lease Type: Double Net Landlord Responsible for Roof/ Exterior Structure. New roof in 2009 with 15 yr transferable warranty
PROPERTY INFORMATION Address: 2349 North Monroe ST. Tallahassee, FL 32303
Lot Size: 68,607 Square Feet Building Size: 15,433 Suqare feet
Florida State Map City of Tallahassee
Subject Property Tallahassee is the capital of Florida with nearly 400,000 residents and is located in the northern part of the state in the Florida panhandle about 250 miles to the north west of Orlando and 160 miles to the west of Jacksonville. Tallahassee benefits from a strong student and government employment base. The state of Florida employs 25,000 in the state capital of Tallahassee and Florida State University has over 40,000 students enrolled.
Jason Stuart Pongsrikul Managing Principal
Direct: 858.537.0828 | Fax: 619.839.0828 [email protected] 4603 Mission Blvd. Suite 216 San Diego, CA 92109 CA License # 01785565
www.pharmapropertygroup.com
2
Strong Retail Corridor and Stable Employment Demographics 2349 NORTH MONROE ST. TALLAHASSEE, FL 32303
Commitment to Location: Walgreens renewed two (5 year) options early corporately guaranteeing rental income for the next eleven years with another forty years in options to follow. Lease Structure: Landlord responsible for roof and exterior structure. A new roof was installed in 2009 with a 15 year transferable roof warranty. Located on Signalized Corner: Drive thru pharmacy located at the north east corner of Monroe Street and John Knox Road with traffic counts exceeding 56,000 vehicles per day (41,000 VPD Monroe & 16,000 VPD John Knox). Strong Retail Corridor: Adjacent to the 988,000 square foot Tallahassee Regional Mall with national anchors of AMC Theatres, Bed Bath & Beyond, Ross & Sports Authority. Strong Employment & Student Base: Three miles to the south of the subject property is the State Capital Building (Tallahassee employs 25,000 Florida state administrative workers) , Florida State University (41,000 enrolled students) and Florida A & M University (13,000 enrolled students).
Jason Stuart Pongsrikul Managing Principal
Direct: 858.537.0828 | Fax: 619.839.0828 [email protected] 4603 Mission Blvd. Suite 216 San Diego, CA 92109 CA License # 01785565
www.pharmapropertygroup.com
3
S urrounding P harmacy
Locations by Distance
2349 NORTH MONROE ST. TALLAHASSEE, FL 32303
Strong Historical Sales: Above average sales at the location benefiting from a 24 hour store that has beer/wine sales and a drive thru pharmacy open until midnight. No Market Saturation: Nearest Walgreens to the North, West, and East is 3.5 miles. Nearest Walgreens to the south is 2 miles in distance. Limited Competition: Only three other competing national pharmacies in a three mile radius Target Pharmacy Demographics: Nearly a third of the population in a 5 mile radius are over the age of 45 years. Jason Stuart Pongsrikul Managing Principal
Direct: 858.537.0828 | Fax: 619.839.0828 [email protected] 4603 Mission Blvd. Suite 216 San Diego, CA 92109 CA License # 01785565
www.pharmapropertygroup.com
4
WALGREENS COMPANY SUMMARY 2349 NORTH MONROE ST. TALLAHASSEE, FL 32303 Walgreens was founded in 1901 and is based in Deerfield, Illinois. The majority of Walgreens income derives from third party prescriptions on location; however, Walgreens has additional revenue from consumer goods and services, beauty care products, general merchandise and both mail and telephone prescriptions. As of first quarter 2014, Walgreens operated over 8,600 drugstores in all 50 states, the District of Columbia, Puerto Rico, Guam, and the United States Virgin Islands. The company also manages over 700 worksite health and wellness centers, and in-store convenient care clinics in the United States. Many of the Healthcare Clinics are located at strategic locations to provide primary care services, health and wellness programs, and to administer immunizations and vaccines. •Walgreens company information received from Yahoo Finance.
Jason Stuart Pongsrikul Managing Principal
Direct: 858.537.0828 | Fax: 619.839.0828 [email protected] 4603 Mission Blvd. Suite 216 San Diego, CA 92109 CA License # 01785565
www.pharmapropertygroup.com
5
W ALGREENS L OCATION BY STATE 2349 NORTH MONROE ST. TALLAHASSEE, FL 32303
Walgreens Fiscal 2014 Historical Store Growth Monthly: Opened Closed Closed/Replaced Replaced Acquired
Sep-13 5 1 8 8 0
Oct-13 9 2 4 4 0
Nov-13 15 5 9 9 71
Dec-13 5 14 1 1 3
Jan-14 9 4 3 3 0
Feb-14 3 0 5 5 0
Mar-14 10 5 3 4 3
Apr-14
May-14
Jun-14
Jul-14
Aug-14
TOTAL 56 31 33 34 77
13 8 1
13 4 2
95 9 5
9 1 14
12 3 4
8 5 0
17 3 5
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
167 33 31
Opened/Replaced/Acquired Relocated Closed Net New
4 7 81 -6 5 3 9 0 0 0 0 0 103 8585 • Includes drugstores, worksite health and wellness centers, infusion and respiratory services facilities, specialty pharmacies and mail service facilities Total Count received from Yahoo 8589 Finance 8596 8677 8671 8676 8679 8688 8688 8688 8688 8688 8688 • Company information 8210 Home Medical Centers
Health and Wellness/Worksite Pharmacies Jason Stuart Pongsrikul Other* Managing Principal
82 371 13 8123
82 370 13 8131
96 372 13 8196
Drug Stores Direct: 858.537.0828 | Fax: 619.839.0828 [email protected] Quarterly: 4603 Mission Blvd. Suite 216 Open 121 San Diego, CA 92109 CA License # 01785565 Relo 21
96 364 11 8200
94 365 11 8206
Closed
8
29 9 18
Net
92
2
93 366 11 8209
91 362 11 8221
8685
8685
8686
8685
8684
17 0 167 3 0 33 www.pharmapropertygroup.com 5 0 31 9
0
103
6
Demographic Snapshot Pop-Facts: Demographic Snapshot 2014 Report Radius 1: 2349 N MONROE ST, TALLAHASSEE, FL 32303-4733, aggregate
RadiusMONROE 2: 2349 N MONROE ST, TALLAHASSEE, FL 2349 NORTH ST. TALLAHASSEE, FL32303-4733, 32303 aggregate Radius 3: 2349 N MONROE ST, TALLAHASSEE, FL 32303-4733,Snapshot aggregate 2014 Report Pop-Facts: Demographic 0.00 - 1.00 miles Radius 1 %
0.00 - 3.00 miles Radius 2 %
0.00 - 5.00 miles Radius 3 %
Population Radius 1: 2349 N MONROE ST, TALLAHASSEE, FL 32303-4733, aggregate Radius 2349 N MONROE ST, TALLAHASSEE, FL 32303-4733, aggregate 20192:Projection 9,889 Radius 2349 N MONROE ST, TALLAHASSEE, FL 32303-4733, aggregate 20143:Estimate 9,417 2010 Census 9,080 0.00 - 1.00 miles Description 2000 Census 8,328 Radius 1 %
91,889 87,728 84,712 0.00 - 3.00 miles 76,3662 Radius %
178,422 169,947 0.00 - 163,844 5.00 miles 148,758 Radius 3 %
4.74% 16,110 18.36 3.56% 10.93% 84,344
4.99% 28,999 17.06 3.72% 10.14% 161,827
Description
2014 Est. Population by Ancestry Growth 2014-2019 Pop, Ancestry Unclassified Growth 2010-2014 Growth 2000-2010 2014 Est. Pop Age 5+ by Language Spoken At Home
5.02% 1,195 12.69 3.71% 9.03% 8,896
Only Home 2014Speak Est. Pop byEnglish Single at Race Class Speak Asian/Pac. Isl. Lang. at Home White Alone Speak IndoEuropean Language at Home Black or African American Alone Speak Spanish at Home Amer. Indian and Alaska Native Alone Speak Other Language at Home Asian Alone Native Hawaiian and Other Pac. Isl. Alone 2014 Est. Population by Sex Some Other Race Alone Male Two or More Races Female
7,752 9,417 187 5,292 356 3,369 570 40 31 213 7 9,417 149 4,508 347 4,909
2014 Est. Pop Hisp or Latino by Origin 2014 Est. Population by Age Not Hispanic or Latino Age 0 - 4 or Latino: Hispanic Age 5-9 Mexican Age 10 - 14 Puerto Rican Age 15 - 17 Cuban Age - 20 Hispanic or Latino All18Other Age 21 - 24 - 34or Latino by Single Race Class 2014Age Est.25 Hisp Age 35 - 44 White Alone Age 45 - 54 Black or African American Alone Age 55 - 64 American Indian and Alaska Native Alone Age 65 - 74 Asian Alone Age 75 - 84 Native Hawaiian and Other Pacific Islander Alone Age 85 and over Some Other Race Alone Two or More Races Age 16 and over Age 18 and over Age 21 and over Age 65 and over
9,417 9,417 8,540 521 877 495 269 415 174 305 100 549 334 1,456 1,881 877 1,091 568 867 60 837 8 510 6 285 0 205 133 103 7,887 7,681 7,132 1,000
2014 Est. Median Age 2014 Est. Average Age Prepared On: Tues Apr 29, 2014 Page
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87.14 2.10 56.20 4.00 35.78 6.41 0.42 0.35 2.26 0.07 1.58 47.87 3.68 52.13
76,189 87,728 1,157 56,574 2,541 25,175 4,201 213 256 1,867 68 87,728 1,443 41,886 2,388 45,842
90.69 5.53 9.31 5.26 30.67 4.41 19.84 3.24 11.40 5.83 38.08 15.46 19.97 11.59 64.77 9.21 6.84 8.89 0.91 5.42 0.68 3.03 0.00 2.18 15.17 11.74 83.75 81.57 75.74 10.62
87,728 87,728 79,923 3,384 7,805 3,192 1,511 2,633 1,380 3,150 1,792 13,113 3,122 20,552 14,050 7,805 6,982 5,340 6,116 537 6,722 34 4,358 51 2,247 8 1,229 1,271 564 77,516 75,370 62,257 7,835
90.33 1.37 64.49 3.01 28.70 4.98 0.24 0.30 2.13 0.08 1.64 47.75 2.72 52.25
145,274 169,947 2,741 95,431 5,755 62,192 7,119 495 938 4,375 120 169,947 2,794 80,055 4,540 89,892
89.77 1.69 56.15 3.56 36.59 4.40 0.29 0.58 2.57 0.07 1.64 47.11 2.67 52.89
91.10 3.86 8.90 3.64 19.36 3.00 17.68 3.59 22.96 14.95 40.00 23.43 16.02 7.96 68.42 6.97 6.88 7.66 0.44 4.97 0.65 2.56 0.10 1.40 16.28 7.23 88.36 85.91 70.97 8.93
169,947 169,947 156,612 8,120 13,335 7,740 2,927 6,582 2,531 6,272 2,659 19,270 5,218 31,429 29,236 13,335 16,434 8,589 14,186 1,116 14,583 83 9,047 78 4,567 12 2,480 2,452 1,005 145,482 141,233 121,963 16,094
92.15 4.78 7.85 4.55 21.95 3.87 18.98 3.69 19.94 11.34 39.13 18.49 17.20 9.67 64.41 8.35 8.37 8.58 0.62 5.32 0.58 2.69 0.09 1.46 18.39 7.54 85.60 83.10 71.77 9.47
30.1
24.6
26.9
34.90By: Prepared
32.40
33.40
Nielsen Solution Center 1 800 866 6511 Prepared For:
© 2014 The Nielsen Company. All rights reserved.
Jason Stuart Pongsrikul Managing Principal
Direct: 858.537.0828 | Fax: 619.839.0828 Prepared On: Tues Apr 29, 2014 Page [email protected] 4603 Mission Blvd. Suite 216 Prepared For: San Diego, CA 92109 CA License # 01785565
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RadiusRadius 1: 23491:N2349 MONROE N MONROE ST, TALLAHASSEE, ST, TALLAHASSEE, FL 32303-4733, FL 32303-4733, aggregate aggregate RadiusRadius 2: 23492:N2349 MONROE N MONROE ST, TALLAHASSEE, ST, TALLAHASSEE, FL 32303-4733, FL 32303-4733, aggregate aggregate RadiusRadius 3: 23493:N2349 MONROE N MONROE ST, TALLAHASSEE, ST, TALLAHASSEE, FL 32303-4733, FL 32303-4733, aggregate aggregate 0.00 - 1.00 0.00 miles - 1.00 miles 0.00 - 3.00 0.00 miles - 3.00 miles 0.00 - 5.00 0.00 miles - 5.00 miles Description Description RadiusRadius 1 1% % RadiusRadius 2 % 2 % RadiusRadius 3 % 3 %
Household Data
2014 Est. 2014 Households Est. Households by Household by Household Type Type FamilyFamily Households Households Nonfamily Nonfamily Households Households 2014 Est. 2014 Group Est. Group Quarters Quarters Population Population
2349 NORTH MONROE ST. TALLAHASSEE, FL 32303 2014 HHs 2014by HHs Ethnicity, by Ethnicity, Hispanic/Latino Hispanic/Latino 2014 Est. 2014 HHs Est.by HHs HHby Income HH Income CY HHs, CYInc HHs, < $15,000 Inc < $15,000 CY HHs, CYInc HHs, $15,000 Inc $15,000 - $24,999 - $24,999 CY HHs, CYInc HHs, $25,000 Inc $25,000 - $34,999 - $34,999 CY HHs, CYInc HHs, $35,000 Inc $35,000 - $49,999 - $49,999 CY HHs, CYInc HHs, $50,000 Inc $50,000 - $74,999 - $74,999 CY HHs, CYInc HHs, $75,000 Inc $75,000 - $99,999 - $99,999 CY HHs, CYInc HHs, $100,000 Inc $100,000 - $124,999 - $124,999 CY HHs, CYInc HHs, $125,000 Inc $125,000 - $149,999 - $149,999 CY HHs, CYInc HHs, $150,000 Inc $150,000 - $199,999 - $199,999 CY HHs, CYInc HHs, $200,000 Inc $200,000 - $249,999 - $249,999 CY HHs, CYInc HHs, $250,000 Inc $250,000 - $499,999 - $499,999 CY HHs, CYInc HHs, $500,000+ Inc $500,000+
4,282 4,282
36,68436,684
71,14371,143
1,955 1,955 45.66 45.66 2,327 2,327 54.34 54.34
13,75213,752 37.49 37.49 22,93222,932 62.51 62.51
30,98330,983 43.55 43.55 40,16040,160 56.45 56.45
18 310
18
9,829 9,829
310 7.24 7.24
4,282 4,282 802 506 555 685 803 440 145 97 163 45 37 5
18.73 802 11.82 506 12.96 555 16.00 685 18.75 803 10.28 440 145 3.39 2.27 97 163 3.81 1.05 45 0.86 37 0.12 5
15,00715,007
2,846 2,846 7.76 7.76 36,68436,684
18.73 11.82 12.96 16.00 18.75 10.28 3.39 2.27 3.81 1.05 0.86 0.12
10,57210,572 28.82 4,962 4,962 13.53 4,335 4,335 11.82 5,158 5,158 14.06 4,725 4,725 12.88 2,825 2,825 7.70 1,447 1,447 3.94 907 907 2.47 889 889 2.42 336 336 0.92 394 394 1.07 133 133 0.36
4,793 4,793 6.74 6.74 71,14371,143
28.82 13.53 11.82 14.06 12.88 7.70 3.94 2.47 2.42 0.92 1.07 0.36
17,73117,731 24.92 9,168 9,168 12.89 7,718 7,718 10.85 11,10611,106 15.61 10,36710,367 14.57 6,333 6,333 8.90 3,292 3,292 4.63 2,026 2,026 2.85 1,729 1,729 2.43 640 0.90 640 761 1.07 761 272 0.38 272
2014 Est. 2014 Average Est. Average Household Household IncomeIncome
$54,381 $54,381
$48,498 $48,498
$51,924 $51,924
2014 Est. 2014 Median Est. Median Household Household IncomeIncome
$41,090 $41,090
$31,478 $31,478
$36,290 $36,290
White Alone White Alone
48,16748,167
36,66336,663
43,47343,473
Two orTwo More orRaces More Races
31,28531,285
25,65125,651
31,89731,897
24.92 12.89 10.85 15.61 14.57 8.90 4.63 2.85 2.43 0.90 1.07 0.38
2014 Median 2014 Median HH IncHH byInc Single by Single Race Class. Race Class. or Ethn or Ethn Black or Black African or African American American Alonehas Alone 30,369 23,05523,055 25,907 25,907 Disclaimer: This information been secured from sources we30,369 believe to be reliable, but we make no represenAmerican American Indian Indian and Alaska and Alaska Native Native Alone Alone 33,92333,923 36,12036,120 41,94541,945 tations or warranties, expressed or implied, as to the accuracy of the information. References to square footage, Asian Alone Asian Alone 34,56734,567 26,99326,993 30,61530,615 age, distances, lotHawaiian size, store opening dates, demographic information, & Native Native Hawaiian and Other and Pacific Other Pacific Islander Islander Alone Alone 62,50062,500 aerial information, 63,01763,017tenant information, 64,01664,016 Other Some Race Other Alone Race Alone 28,88328,883 31,45531,455 31,54931,549 storeSome operating information are approximate.
BuyerHispanic and Hispanic their representatives understands that Walgreens39,708 tenant information 24,853 was gathered deemed or Latino or Latino 39,708 24,853 by sources 31,141 31,141 to beNot reliable public quarterly and annual reports. information was36,676 provided Hispanic Not including Hispanic or Latino or Walgreens Latino 41,232 41,232 Demographic 31,96031,960 36,676 by Nielsen Information Systems. By accepting this package, buyer and their representatives must verify the infor2014 Est. 2014 Family Est. Family HH Type, HH Presence Type, Presence Children Own Children 1,955 1,955 30,98330,983 mation and bears all risk for any Own inaccuracies. © 2014 Pharma Property Group. 13,75213,752 Married-Couple Married-Couple Family,Family, own children own children
413 21.13 413 21.13
2,715 2,715 19.74 19.74
6,335 6,335 20.45 20.45
By: By: PreparedPrepared On: Tues On: Apr Tues 29, Apr 201429,Page 2014 Page 6 Of6 12 Of 12PreparedPrepared Nielsen Nielsen SolutionSolution Center 1Center 800 866 1 800 6511 866 6511 PreparedPrepared For: For:
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Jason Stuart Pongsrikul Managing Principal
Direct: 858.537.0828 | Fax: 619.839.0828 [email protected] 4603 Mission Blvd. Suite 216 San Diego, CA 92109 CA License # 01785565
www.pharmapropertygroup.com
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