CVS Pharmacy - Atlanta, GA

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CVS Pharmacy2 5 5 5 B o l t o n R o a d N W

A t l a n t a , G A 3 0 3 1 8

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EXCLUSIVELY MARKETED BY: S A N D S I N V E S T M E N T G R O U P

1501 Johnson Ferry Road, Suite 200Marietta, GA 30062

844.4.SIG.NNN

www.SIGnnn.comI n Coopera t ion With Sands Inves tment Group

At l anta , LLC - L ic . # 67374

ANDREW ACKERMANLic. # 311619

770.626.0445 | [email protected]

DOUG ROLANDLic. # 269049


DAN HOOGESTEGERLic. # 01376759


AMANDA REEVESLic. # 307133


3

Investment SummaryInvestment Highlights

INVESTMENT OVERVIEW

04 06 07 12LEASE ABSTRACT PROPERTY OVERVIEW AREA OVERVIEW TENANT OVERVIEW

City OverviewUpper Westside Area

Demographics

Tenant ProfileLease SummaryRent Roll

Property ImagesLocation, Aerial , and Retail Maps

© 2 0 1 9 S a n d s I n v e s t m e n t G r o u p ( S I G ) . T h e i n f o r m a t i o n c o n t a i n e d i n t h i s ‘ O f f e r i n g M e m o r a n d u m , ’ h a s b e e n o b t a i n e d f r o m s o u r c e s b e l i e v e d t o b e r e l i a b l e . S a n d s I n v e s t m e n tG r o u p d o e s n o t d o u b t i t s a c c u r a c y , h o w e v e r , S a n d s I n v e s t m e n t G r o u p m a k e s n o g u a r a n t e e , r e p r e s e n t a t i o n o r w a r r a n t y a b o u t t h e a c c u r a c y c o n t a i n e d h e r e i n . I t i s t h er e s p o n s i b i l i t y o f e a c h i n d i v i d u a l t o c o n d u c t t h o r o u g h d u e d i l i g e n c e o n a n y a n d a l l i n f o r m a t i o n t h a t i s p a s s e d o n a b o u t t h e p r o p e r t y t o d e t e r m i n e i t ’ s a c c u r a c y a n dc o m p l e t e n e s s . A n y a n d a l l p r o j e c t i o n s , m a r k e t a s s u m p t i o n s a n d c a s h f l o w a n a l y s i s a r e u s e d t o h e l p d e t e r m i n e a p o t e n t i a l o v e r v i e w o n t h e p r o p e r t y , h o w e v e r t h e r e i s n og u a r a n t e e o r a s s u r a n c e t h e s e p r o j e c t i o n s , m a r k e t a s s u m p t i o n s a n d c a s h f l o w a n a l y s i s a r e s u b j e c t t o c h a n g e w i t h p r o p e r t y a n d m a r k e t c o n d i t i o n s . S a n d s I n v e s t m e n t G r o u pe n c o u r a g e s a l l p o t e n t i a l i n t e r e s t e d b u y e r s t o s e e k a d v i c e f r o m y o u r t a x , f i n a n c i a l a n d l e g a l a d v i s o r s b e f o r e m a k i n g a n y r e a l e s t a t e p u r c h a s e a n d t r a n s a c t i o n .

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TABLE OF CONTENTSS A N D S I N V E S T M E N T G R O U P

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OFFERING SUMMARY

INVESTMENT SUMMARY

S A N D S I N V E S T M E N T G R O U P

S a n d s I n v e s t m e n t G r o u p i s P l e a s e d t o P r e s e n t E x c l u s i v e l y F o r S a l e t h e C V S

P h a r m a c y o n B o l t o n R d i n A t l a n t a ’ s U p p e r W e s t s i d e N e i g h b o r h o o d . L o c a t e d

a t t h e I n t e r s e c t i o n o f 3 M a j o r R o a d s ( B o l t o n R d , M o o r e s M i l l R d a n d

M a r i e t t a B l v d ) a n d L e s s T h a n 2 M i l e s F r o m I - 7 5 . S i t u a t e d i n t h e H u b o f

G r o w t h - A d j a c e n t t o N e w l y C o n s t r u c t e d P u b l i x A n c h o r e d S h o p p i n g C e n t e r

W i t h O v e r 2 , 0 0 0 R e s i d e n t i a l U n i t s i n t h e P i p e l i n e i n t h e I m m e d i a t e A r e a a n d

1 / 2 M i l e F r o m W e s t s i d e V i l l a g e W i t h 9 0 , 0 0 0 S F o f P r o p o s e d R e t a i l / O f f i c e .

P R I CE $6 ,757 ,053

CA P 5 . 70%

NO I $385 ,152

P R I CE P ER SF $572 . 63

G U A RA NT O R Corp o ra te ( CV S Ca re m a rk )

A D D RESS 2555 B o l ton Roa d NW

A t l a n ta , G A 30318

CO U NT Y F u l ton

B U I L D I NG A REA 11 ,800 SF

L A ND A REA 1 . 43 A C

B U I L T 2008

PROPERTY SUMMARY

A C T U A L P R O P E R T Y I M A G E

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HIGHLIGHTSC V S P H A R M A C Y

§ Long Term Corpora te Guaranteed Lease – Over 14 Yea rsRema in ing With Renta l Inc reases in the Opt ion Per iod

§ Corpora te Guarantee From CVS Caremark (NYSE : CVS) , S&PInves tment Grade Cred i t Ra t ing o f “BBB”

§ CVS Has Been in Th is Submarket S ince 1987 ; Re loca ted toTh is Outpa rce l Loca t ion in 2009

§ Es tab l i shed , H igh Cred i t S ing le Tenant Pha rmacy Sto re – CVSHas Over 9 ,800 Loca t ions Across 49 Sta tes and Wash ing tonD.C . , Puer to R ico and Braz i l

§ CVS Pharmacy F i l l s /Manages More Than 1 .9 B i l l i onPrescr ip t ions Every Yea r

§ St rong Demograph ics With Over 64 ,000 Res idents With in a 3-Mi le Rad ius and Average Househo ld Income of Over $125 ,000

§ S i tua ted Less Than 2-Mi les From I -75 and Less Than 3-Mi lesFrom I -285

§ Ad jacent to Moores Mi l l Shopp ing Center Fea tu r ing Pub l i x ,SunTrus t Bank , UPS and Trop ica l Smooth ie Ca fé

§ Prominent in Town At lan ta Loca t ion a t a S igna l i zedIn te r sect ion With Bo l ton Rd (12 ,100 VPD) and Moores Mi l l Rd(14 ,800 VPD) With Di rec t Ingress/Egress on Mar ie t ta Rd(25 ,400 VPD) as Wel l

§ Phase I I o f Moores Mi l l Deve lopment i s Schedu led For a 2020De l ive ry Fea tu r ing an Add i t iona l 15 ,000 SF of Reta i l 345Mul t i -Fami ly Un i t s

§ Loca ted in the Booming Upper Wests ide Ne ighborhoodNe ighborhood of At lan ta ; Over 2 ,000 Res ident ia l Un i t s in theDeve lopment P ipe l ine in the Immed ia te Area ; About a Ha l fMi le From Wests ide V i l l age With 90 ,000 SF of P roposedReta i l /Of f i ce Space

§ Nearby Tenants Inc lude : Pub l i x , Wendy ’ s , Marco ’ s P i z za ,SunTrus t , T rop ica l Smooth ie Ca fé , Subway , P lanet Smooth ie ,Do l l a r T ree , Sherwin Wi l l i ams and More

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TENANT CVS Pharmacy

PREMISES A Bui lding of Approximately 11,800 SF

LEASE COMMENCEMENT January 1, 2009

LEASE EXPIRATION January 31, 2034

LEASE TERM 14+ Years Remaining

RENEWAL OPTIONS 4 x 5 Years

RENT INCREASES 2.5% at Options

LEASE TYPE Double Net (NN)

PERMITTED USE Drugstore

PROPERTY TAXES Tenant’s Responsibi l i ty

INSURANCE Tenant’s Responsibi l i ty

COMMON AREA Tenant’s Responsibi l i ty

ROOF & STRUCTURE Landlord’s Responsibi l i ty

REPAIRS & MAINTENANCE Tenant’s Responsibi l i ty

HVAC Tenant’s Responsibi l i ty

UTILITIES Tenant’s Responsibi l i ty

GUARANTEE Corporate (CVS Caremark)

LEASE SUMMARY

SQUAREFOOTAGE

ANNUALBASE RENT

RENT PER SF

11,800 SF $385 ,152 $32 .64A C T U A L P R O P E R T Y I M A G E

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A C T U A L P R O P E R T Y I M A G E S

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9

Moores Mill Village Apartment Homes

Liberty Park Townhomes

The Royal Xpress Car Care Center

Westside Pizza

Bolton R

d NW

Marietta B

lvd NW

DOWNTOWN ATLANTA

COMING SOON 345 Residential Units

MIDTOWN

Atlanta RM Clayton Water Reclamation Plant

10

10

Atlanta RM Clayton Water Reclamation PlantBolton Rd N

W

Marietta

Blvd NW

The Royal Xpress Car Care Center

11

Bolton R

d NW

Marietta B

lvd NW

12A T L A N T A | F U L T O N C O U N T Y | G E O R I G A

Atlanta is the capital and most populous city in the state of Georgia with an estimated 2018population of 498,044 residents, it is also the 37th most-populous city in the United States. Atlantais also known for being the largest city in the South. The city serves as the cultural and economiccenter of the Atlanta metropolitan area, home to 5.9 million people and the ninth-largestmetropolitan area in the nation. Atlanta is the seat of Fulton County, the most populous county inGeorgia. Portions of the city extend eastward into neighboring DeKalb County. Atlanta is rated as a"beta(+)" world city that exerts a moderate impact on global commerce, finance, research,technology, education, media, art, and entertainment. It ranks in the top twenty among world citiesand 10th in the nation with a gross domestic product (GDP) of $385 billion.

Atlanta's economy is considered diverse, with dominant sectors that include aerospace,transportation, logistics, professional and business services, media operations, medical services, andinformation technology. Atlanta’s economy is the 8th largest in the county and the 17th-largest inthe world. Corporate operations play a major role in Atlanta’s economy, as the city claims thenation’s third-largest concentration of Fortune 500 companies. It also hosts the global headquartersof corporations like the Coca-Cola Company, The Home Depot, UPS, Delta Air Lines, AT&TMobility, Chick-fil-A, and Turner Broadcasting. Over 75% of Fortune 1000 companies conductbusiness operations in the city's metro area, and the region hosts offices of over 1,250multinational corporations.

Atlanta is the seventh-most visited city in the United States, with over 35 million visitors peryear. Although the most popular attraction among visitors to Atlanta is the Georgia Aquarium, theworld's largest indoor aquarium. Atlanta's tourism industry is mostly driven by the city's historymuseums and outdoor attractions. Atlanta contains a notable amount of historical museums andsites, including the Martin Luther King, Jr. National Historic Site, which includes the preservedchildhood home of Dr. Martin Luther King, Jr. Atlanta is also home to the World of Coca-Cola, amuseum dedicated to the iconic soft drink. Atlanta also includes the High Museum of Art, inMidtown, which exhibits classic and contemporary art from Rembrandt to Picasso, and the city ishome to the famous Atlanta Braves. The city contains several outdoor attractions like the AtlantaZoo and the Atlanta Botanical Garden, which is home to the 600-foot-long Kendeda Canopy Walk,a skywalk that allows visitors to tour one of the city's last remaining urban forests from 40-foot-high. The Canopy Walk is considered the only canopy-level pathway of its kind in the UnitedStates. Atlanta is home to professional franchises for four major team sports: the AtlantaBraves of Major League Baseball, the Atlanta Hawks of the NBA, the Atlanta Falcons of the NFL,and Atlanta United FC of MLS.

GEORGIA AQUARIUMATLANTA, GA

BRAVES STADIUM

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S i t u a t e d a t t h e I n t e r s e c t i o n o f Mo o r e s Mi l l R d , Ma r i e t t a B l v d a n d B o l t o n R d , T h i s C V S

P h a r m a c y i s L o c a t e d a t t h e H e a r t o f A t l a n t a ' s B o o m i n g U p p e r We s t s i d e N e i g h b o r h o o d .

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S F o f R e t a i l , 3 . 8 Mi l l i o n S F o f O f f i c e , 1 6 . 5 Mi l l i o n S F o f I n d u s t r i a l a n d 3 2 , 2 0 7 H o u s i n g

U n i t s T h a t i s A l r e a d y P r e s e n t i n t h e R a d i u s . T h e P o p u l a t i o n Wi t h i n t h e 3 - Mi l e R a d i u s o f t h e

C V S H a s I n c r e a s e d O v e r 2 0 % S i n c e 2 0 1 0 a n d i s P r o j e c t e d t o G r o w 2 . 0 5 % A n n u a l l y F o r t h e

N e x t 5 Y e a r s . T h e U p p e r We s t s i d e N e i g h b o r h o o d ’ s C o n n e c t i v i t y t o D o w n t o w n , M i d t o w n a n d

B u c k h e a d Ma k e s t h e C o m m u n i t y A t t r a c t i v e F o r C o n t i n u e d G r o w t h .

1

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A d j a c e n t t o t h e C V S P h a r m a c y P r o p e r t y i s M o o r e s M i l l S h o p p i n g C e n t e r W h i c h i s A n c h o r e d B y

P u b l i x a n d 1 5 , 0 0 0 S F o f R e t a i l S p a c e . P h a s e I I o f t h e D e v e l o p m e n t i s 3 4 5 M u l t i - F a m i l y U n i t s

W h i c h A r e C u r r e n t l y U n d e r C o n s t r u c t i o n

2 . W E S T S I D E V I L L A G EL o c a t e d O n l y 1 / 4 M i l e A w a y i s t h e N e w $ 2 5 M i l l i o n W e s t s i d e V i l l a g e , F e a t u r i n g 9 0 , 0 0 0 S F o f

R e t a i l , O f f i c e a n d 1 9 N e w T o w n h o m e s

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P h a s e W i l l F e a t u r e a 4 6 - T o w n h o u s e D e v e l o p m e n t F l a u n t i n g t h e L a t e s t E n e r g y T e c h n o l o g i e s

4 . T H E W O R K SO n l y 1 . 5 - M i l e s D o w n t h e R o a d i s O n e o f A t l a n t a ' s M o s t A n t i c i p a t e d P r o j e c t . T h e W o r k s i s a n

8 0 - A c r e A d a p t i v e M i x e d - U s e D e v e l o p m e n t . T h i s M u l t i - P h a s e d P r o j e c t i s P r o j e c t e d t o F e a t u r e

3 5 0 , 0 0 0 S F o f R e t a i l a n d E n t e r t a i n m e n t , 5 0 0 , 0 0 0 S F o f O f f i c e S p a c e , 5 0 0 R e s i d e n c e s , 2 0 0

H o t e l R o o m s a n d 1 3 A c r e s o f G r e e n s p a c e . P h a s e O n e , 2 7 A c r e s , i s C u r r e n t l y U n d e r

C o n s t r u c t i o n a n d S c h e d u l e d F o r O p e n i n g i n E a r l y 2 0 2 0

5 . 1 8 2 4 D E F O O R

L o c a t e d 3 - M i l e s A w a y F r o m C V S P h a r m a c y . T h i s A p a r t m e n t C o m m u n i t y i s o n 1 4 A c r e s a n d

F e a t u r e s a R a n g e o f A p a r t m e n t H o m e s I n c l u d i n g S t u d i o , 1 , 2 a n d 3 B e d r o o m H o m e s

Marietta B

lvd NW

UPPER WESTS IDE NEIGHBORHOOD

14

(12,100 VPD)

1 M I L E 3 M I L ES 5 M I L ES

P O P U L A T I O N 7 ,378 64 ,332 257 ,694

A V ERA G E HH I NC O M E

$136 ,884 $126 ,378 $117 ,764

Bolton R

d NW

Marietta Blvd NW (25,400 VPD)

(14,800 VPD)

Moore

s Mills

Rd

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TENANT PROFILEC V S P H A R M A C Y

CVS Pharmacy is the second largest pharmacy chain in the United States withmore than 9,800 locat ions in 49 states inc lud ing the Distr ict of Columbia andPuerto Rico . The company was founded in Lowel l , Massachusetts and or ig ina l lynamed the Consumer Value Store. CVS Pharmacy is current ly the largestpharmacy chain in the United States by number of locat ions and tota lprescr ipt ion revenue. As the reta i l pharmacy div is ion of CVS Heal th , i t ranks asthe 12th largest company in the wor ld serv ing 5 mi l l ion customers each day.

CVS sel l s prescr ipt ion drugs and a wide assortment of genera l merchandiseinc lud ing over-the-counter drugs , beauty products and cosmet ics , f i lm andphoto f in ish ing serv ices , seasonal merchandise , greet ing cards , and conveniencefoods through their CVS Pharmacy and Longs Drugs reta i l s tores . I t a lsoprovides heal thcare serv ices to more than 1,100 MinuteCl in ic medica l c l in ics in33 states inc lud ing the Distr ict of Columbia . As a pharmacy innovat ioncompany, CVS focuses on char i tab le g iv ing in ways that wi l l help people ontheir path to better heal th by improving heal th outcomes and bui ld ing heal th iercommunit ies . Their in-store fundra is ing campaigns , in-k ind donat ions andcorporate grants provide support for nat ional nonprof i t partners that arefocused on help ing people on their path to better heal th .

HEADQUARTERSWoonsocket, RI

COMPANY TYPENYSE: CVS

FOUNDED1963

# OF LOCATIONS9,800+

WEBSITEcvs.com

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T h e i n f o r m a t i o n c o n t a i n e d i n t h e f o l l o w i n g O f f e r i n g M e m o r a n d u m i s p r o p r i e t a r y a n ds t r i c t l y c o n f i d e n t i a l . I t i s i n t e n d e d t o b e r e v i e w e d o n l y b y t h e p a r t y r e c e i v i n g i t f r o mS a n d s I n v e s t m e n t G r o u p a n d s h o u l d n o t b e m a d e a v a i l a b l e t o a n y o t h e r p e r s o n o r e n t i t yw i t h o u t t h e w r i t t e n c o n s e n t o f S a n d s I n v e s t m e n t G r o u p .

T h i s O f f e r i n g M e m o r a n d u m h a s b e e n p r e p a r e d t o p r o v i d e s u m m a r y , u n v e r i f i e di n f o r m a t i o n t o p r o s p e c t i v e p u r c h a s e r s , a n d t o e s t a b l i s h o n l y a p r e l i m i n a r y l e v e l o fi n t e r e s t i n t h e s u b j e c t p r o p e r t y .

T h e i n f o r m a t i o n c o n t a i n e d h e r e i n i s n o t a s u b s t i t u t e f o r a t h o r o u g h d u e d i l i g e n c ei n v e s t i g a t i o n , a n d m a k e s n o w a r r a n t y o r r e p r e s e n t a t i o n , w i t h r e s p e c t t o t h e i n c o m e o re x p e n s e s f o r t h e s u b j e c t p r o p e r t y , t h e f u t u r e p r o j e c t e d f i n a n c i a l p e r f o r m a n c e o f t h ep r o p e r t y , t h e s i z e a n d s q u a r e f o o t a g e o f t h e p r o p e r t y a n d i m p r o v e m e n t s , t h e p r e s e n c eo r a b s e n c e o f c o n t a m i n a t i n g s u b s t a n c e s , P C B ’ s o r a s b e s t o s , t h e c o m p l i a n c e w i t h S t a t ea n d F e d e r a l r e g u l a t i o n s , t h e p h y s i c a l c o n d i t i o n o f t h e i m p r o v e m e n t s t h e r e o n , o r t h ef i n a n c i a l c o n d i t i o n o r b u s i n e s s p r o s p e c t s o f a n y t e n a n t , o r a n y t e n a n t ’ s p l a n s o ri n t e n t i o n s t o c o n t i n u e i t s o c c u p a n c y o f t h e s u b j e c t p r o p e r t y .

T h e i n f o r m a t i o n c o n t a i n e d i n t h i s O f f e r i n g M e m o r a n d u m h a s b e e n o b t a i n e d f r o ms o u r c e s w e b e l i e v e t o b e r e l i a b l e ; h o w e v e r , S a n d s I n v e s t m e n t G r o u p h a s n o t v e r i f i e d ,a n d w i l l n o t v e r i f y , a n y o f t h e i n f o r m a t i o n c o n t a i n e d h e r e i n , n o r h a s S a n d s I n v e s t m e n tG r o u p c o n d u c t e d a n y i n v e s t i g a t i o n r e g a r d i n g t h e s e m a t t e r s a n d m a k e s n o w a r r a n t y o rr e p r e s e n t a t i o n w h a t s o e v e r r e g a r d i n g t h e a c c u r a c y o r c o m p l e t e n e s s o f t h e i n f o r m a t i o np r o v i d e d . A l l p o t e n t i a l b u y e r s m u s t t a k e a p p r o p r i a t e m e a s u r e s t o v e r i f y a l l o f t h ei n f o r m a t i o n s e t f o r t h h e r e i n .

B y r e c e i p t o f t h i s M e m o r a n d u m , y o u a g r e e t h a t t h i s M e m o r a n d u m a n d i t s c o n t e n t s a r eo f c o n f i d e n t i a l n a t u r e , t h a t y o u w i l l h o l d a n d t r e a t i t i n t h e s t r i c t e s t c o n f i d e n c e a n dt h a t y o u w i l l n o t d i s c l o s e i t s c o n t e n t s i n a n y m a n n e r d e t r i m e n t a l t o t h e i n t e r e s t o f t h eO w n e r . Y o u a l s o a g r e e t h a t b y a c c e p t i n g t h i s M e m o r a n d u m y o u a g r e e t o r e l e a s e S a n d sI n v e s t m e n t G r o u p a n d h o l d i t h a r m l e s s f r o m a n y k i n d o f c l a i m , c o s t , e x p e n s e , o r l i a b i l i t ya r i s i n g o u t o f y o u r i n v e s t i g a t i o n a n d / o r p u r c h a s e o f t h i s p r o p e r t y .

CONFIDENTIALITY AGREEMENT

S A N D S I N V E S T M E N T G R O U P

A C T U A L P R O P E R T Y I M A G E

17E X C L U S I V E L Y M A R K E T E D B Y :

DOUG ROLANDLic. # 269049


I n Coopera t ion With Sands Inves tment Group At l anta , LLC - L ic . # 67374

CVS Pharmacy2 5 5 5 B o l t o n R o a d N W

A t l a n t a , G A 3 0 3 1 8

ANDREW ACKERMANLic. # 311619


DAN HOOGESTEGERLic. # 01376759


AMANDA REEVESLic. # 307133


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CVS Pharmacy - Atlanta, GA