EXCLUSIVELY LISTED INVESTMENT OFFERING - … such as Walmart, Lowe's, Starbucks, Hobby Lobby, Office Depot, Bath & Body Works, Kohl's, McDonalds, Panera Bread, Wendy's, Arby's, Applebee's,

3824 MAIN STREETANDERSON, IN 46013

Exclusively Listed By

JASON STUART PONGSRIKULMANAGING PRINCIPAL

Pharma Property Group | 5328 Banks Street, Suite B | San Diego, CA 92110 | 619.297.0055 | www.pharmapropertygroup.com

E X C L U S I V E L Y L I S T E D I N V E S T M E N T O F F E R I N GINDIANA INVESTMENT OPPORTUNITY

page 2Jason Stuart PongsrikulManaging Principal, Pharma Property Group

Direct: [email protected]

3824 MAIN STREET ANDERSON, IN 46013

Property Overview

Year Built: 1998Lot Size: 74,488 Square FeetBuilding Size: 10,125 Square Feet


Investment HighlightsSTABLE INCOMERental income guaranteed by CVS parent corporate (S&P BBB+) investment grade Fortune 500 Company with over 7,600 locations.

PROFITABLE DRUGSTORE LOCATIONThis location performs above the national average for CVS with reported sales consistently exceeding $10,000,000. Sales per square foot average above $1,000 per square foot. Additionally, CVS is only paying $18.30 per square foot in rent which is below the national average for CVS.

LEASE STRUCTUREDouble net lease with landlord responsible for roof and structure only. Approximately two (2) years and four (4) months of primary lease term remaining before the four (5 year) options to follow.

SIGNALIZED CORNER LOCATIONDrive-thru pharmacy located at the signalized corner of Main Street and East 38th Street with traffic counts exceeding 26,000 vehicles per day.

DRUGSTORE COMPETITIONThere are no other CVS drugstores within a two mile radius of subject property and there are no Rite Aid locations in Anderson, Indiana.

REGIONAL HOSPITALSt. Vincent Anderson Regional, the city's largest employer, is a 141-bed non-profit acute-care hospital which includes a children's clinic and is located approximately one and one-half miles from subject property.

RETAIL CORRIDORNational retail tenants in the area include Walmart, Lowe's, Starbucks, Hobby Lobby, Office Depot, Bath & Body Works, Kohl's, McDonalds, Panera Bread, Wendy's, Arby's, Applebee's, Rally's, Papa John's Pizza, Ihop, Red Lobster, Burger King, Craker Barrel, and many more.

MAIN STREET - 12,626 CARSPER DAY

E 38TH STREET - 14,027 CARS PER DAY




NEIGHBORING RETAIL & COMMUNITY TENANTS

The subject property is located on the signalized corner of Main Street and East 38th Street with traffic counts of over 26,000 cars per day and is surrounded by residential developments.

The Anderson retail corridor is located approximately two and one-half miles from subject property and includes national tenants such as Walmart, Lowe's, Starbucks, Hobby Lobby, Office Depot, Bath & Body Works, Kohl's, McDonalds, Panera Bread, Wendy's, Arby's, Applebee's, Rally's, Papa John's Pizza, Ihop, Red Lobster, Burger King, Craker Barrel, and many more.

Just one a half miles north of the subject site is St. Vincent Anderson Regional, a 141-bed non-profit, acute-care hospital campus, which includes a children's clinic. St. Vincent is part of St. Vincent Health System, a large network of hospitals operated by the Catholic Church.

Anderson University is a private Christian college located four miles from the subject property and has an enrollment of approximately 2,400 students. Also just one mile south of the subject property is located Ivy Tech Community College with an enrollment of 1,500 students and is part of a six-campus system with an annual enrollment of 170,000 students.

Hoosier Park Racing and Casino is two and a half miles from the subject property. This $13 million facility was completed in 2008 and offers thoroughbred and standardbred racing as well as casino gaming.

Area Description

HOOSIER PARKRACING & CASINO

ANDERSON MUNICIPALAIRPORT

ANDERSON UNIVERSITY

MEADOWBROOKGOLF COURSE

ANDERSON HIGH SCHOOL

IVY TECHCOMMUNITY COLLEGE

ST. VINCENT REGIONAL HOSPITAL

SUBJECT PROPERTY

E 38T

H STR

EET -

14,02

7 CAR

S PER

DAY

MAIN STREET - 12,626 CARS PER DAY

DOWNTOWNANDERSON




Lease OverviewTenant:CVS PHARMACY, INC. (NYSE: CVS)

Landlord Income: CORPORATE GUARANTEE

Credit Rating: INVESTMENT GRADE, BBB+ (S&P)

Lease Type: DOUBLE NET Landlord is responsible for roof and structure

Lease Term: 2 YEARS AND 4 MONTHS REMAINING WITH FOUR 5-YEAR OPTIONS TO FOLLOW

Next Option Begins: JANUARY 31, 2019

Pricing

Building

Price: $2,317,262.50

CAP Rate: 8.00% CAP

Price/SF: $228.86

Monthly Income: $15,448.41

Annual Income: $185,381

Building Square Footage: 10,125

Land Square Footage: 74,488

Rent/Square Foot: $18.30

Year Built: 1998

Location Overview

A nderson is a city in Madison County, Indiana and

lies approximately thirty-nine miles northeast

of Indianapolis, in the center of the Midwest.

Anderson is located on the I-69 corridor, in Central

Indiana, just north of the Indianapolis metropolitan area

where four major interstate highways, I-69, I-65, I-70,

and I-74, intersect via I-465. Anderson benefits from

a strategic interstate and highway access system and

is included in the Indianapolis Metropolitan Statistical

Area, considered to be the 33rd most populous

metropolitan area in the United States and the largest

in the state of Indiana. Indianapolis has an estimated

population of 853,173 in 2015, making it the largest

city in Indiana, second largest in the Midwest, and 14th

largest in the U.S.

ANDERSON, INDIANA

SUBJECT PROPERTY

ANDERSON




Property Photos

PARKING AND ENTRANCE OFF W 38TH STREET TO THE NORTH PARKING AND ENTRANCE OFF E 39TH STREET TO THE SOUTH

FRONT PARKING OFF MAIN STREET TO THE WEST DRIVE THRU WINDOW TO THE EAST




Property Photos (continued)

WALMART SUPERCENTER 2.7 MILES EAST OF PROPERTY

LOWE'S HOME IMPROVEMENT 1.7 MILES EAST OF SUBJECT PROPERTY






2700 BROADWAY STREETMOUNT VERNON, IL 62864

Location by State

WA1

OR1

CA861

NV85

ID0

MT14

WY0

UT2

AZ140 NM

15

CO1

ND6

SD0

NE18

KS36

OK53

TX593 LA

109

AR1

MO79

IA18

MN58

IL278

MS50

AL156

FL718

US VIRGIN ISLANDS0

PR20

GA319

SC195

NC314

VA271

DC59

MD172

DE12

NJ280

CT150

RI63

MA358

VT5

NH41

WV50

PA408

NY472

ME22

AK0

HI55

TN136

KY65

OH319

WI46

IN297

MN250

Alabama 156 Idaho 0 Mississippi 50 Oklahoma 53 West Virginia 50

Alaska 0 Illinois 278 Missouri 79 Oregon 1 Wisconsin 46

Arizona 140 Indiana 297 Montana 14 Pennsylvania 408 Wyoming 0

Arkansas 1 Iowa 18 Nebraska 18 Rhode Island 63 Puerto Rico 20

California 861 Kansas 36 Nevada 85 South Carolina 195 US Virgin Islands 0

Colorado 1 Kentucky 65 New Hampshire 41 South Dakota 0

Connecticut 150 Louisiana 109 New Jersey 280 Tennessee 136

Delaware 12 Maine 22 New Mexico 15 Texas 593

Washington DC 59 Maryland 172 New York 472 Utah 2

Florida 718 Massachusetts 358 North Carolina 314 Vermont 5

Georgia 319 Michigan 250 North Dakota 6 Virginia 271

Hawaii 55 Minnesota 58 Ohio 319 Washington 1

Total 7672






2700 BROADWAY STREETMOUNT VERNON, IL 62864

Credit Rating: S&P: BBB+ Stable Moody’s: Baa1 Stable

Trade Symbol: CVS (NYSE) Headquarters: Woonsocket, RI

Number of Locations: Over 7,600 Employees: 208,000

Tenant HistoryCVS pharmacy is the second largest pharmacy retail chain in the United States. CVS is incorporated in Delaware and based in Woonsocket, Rhode Island. CVS was founded in 1963 under the name Consumer Value Store and later changed its name to CVS Corporation in 1996.

During the 1990’s the parent company changed its name from Melville Corporation to CVS Corporation and decided to focus entirely on CVS by selling of its non-pharmacy businesses such as Marshalls, Footaction/Footstar, Linens ‘n’ Things, and Kay-Bee Toys.

CVS used much of their capital from divesting in non-pharmacy businesses to reinvest into the pharmacy sector and have increased their national footprint primarily from acquiring competing pharmacy chains. From 1997 to 2008, CVS had purchased over 4,800 drugstore locations through acquisitions of competing pharmacy chains.

CVS has also made a concerted effort to establish strategic business units by acquiring Nashville based Caremark Rx Inc., a pharmacy benefits manager (PBM), and by acquiring Minneapolis based Minute Clinic which pioneers health clinics in over 600 of CVS stores. Its PBM wing provides $76 billion in net revenues through services to over 2,000 health plans for corporations, insurance companies, unions and government entities.

During 2014, CVS boldly announced they would cease to sell any tobacco products moving forward costing the chain roughly $2 billion in annual revenues.

Notable Acquisitions In 1990, CVS acquired the 490 store People Drug which established the company in new mid-Atlantic markets including Washington D.C., Pennsylvania, Maryland and Virginia. In 1997, CVS nearly tripled its 1,400 stores after purchasing the 2,500 store Revco chain thereby adding locations throughout Ohio, mid-Atlantic and the southeast. In 2004, CVS purchased 1,268 Eckerd drugstores throughout Florida, Texas and other southern states.

On January 23rd, 2006 CVS announced that it agreed to acquire the freestanding drugstores of Albertsons and the deal included 700 stores trading under the Osco Drug and Sav-On Drug banners located primarily in the Midwestern and southwestern United States with the concentration of stores in southern California and the Chicago area. CVS last major acquisition was in 2008 when they purchased Longs Drugs which had over 400 stores in California and Hawaii.

*CVS company information received from CVS investor relations.

Company Summary*




Demographic Snapshot

40.0

0

38.60

40.0

0

3 Mile

s

1 Mile

5 Mile

s

Average Age9,4

68

45,27

1

71,24

55 M

iles

3 Mile

s

1 Mile

2015 Total Population

4,312

19,18

4

29,67

85 M

iles

3 Mile

s

1 Mile

2015 Total Households

$28,6

17

$28,7

92

$36,5

98

3 Mile

s

1 Mile

5 Mile

s

Median Household Inc

Disclaimer: 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, age, distances, lot size, store opening dates, demographic information, aerial information, tenant information & store operating information are approximate.

Buyer and their representatives understands that Walgreens tenant information was gathered by sources deemed to be reliable including Walgreens public quarterly and annual reports. Demographic information was provided by Nielsen Information Systems.

By accepting this package, buyer and their representatives must verify the information and bears all risk for any inaccuracies.




Investment Property Recap

Lease Overview

PricingAsking Price: $2,317,262.50

Asking CAP Rate: 8.00%

Monthly Income: $15,448.41

Annual Income: $185,381

Tenant:CVS Pharmacy, Inc. (NYSE: CVS)

Landlord Income: Corporate Guarantee

Credit Rating: Investment Grade, BBB+ (S&P)

Lease Type: Double net lease. Landlord responsible for roof and structure.

Lease Term: 2 Years and 4 months remaining with4 (5 year) options to follow

Next Option Begins: January 31, 2019

Lot Size: 76,738 Square FeetBuilding Size: 10,908 Square Feet

3824 MAIN STREETANDERSON, INDIANA 46013

P r o p e r t y A n a l y s i s

5328 Banks Street, Suite BSan Diego, California 92110

www.pharmapropertygroup.com

Jason Stuart PongsrikulManaging PrincipalDirect: 619.297.0055 | Fax: [email protected] DRE Lic. #01918332

Listed in Association withIN DRE Lic. RC50800363


Documents

EXCLUSIVELY LISTED INVESTMENT OFFERING - … such as Walmart, Lowe's, Starbucks, Hobby Lobby, Office Depot, Bath & Body Works, Kohl's, McDonalds, Panera Bread, Wendy's, Arby's, Applebee's,