OFFERING MEMORANDUM

Walgreens NNN Leased Offering9009 N 67th Avenue| Glendale, AZ 85302

JDS Real Estate Services, Inc.

Representative Photo. Not Actual Property

By accepting this Offering Memorandum, the party in possessionhereof agrees (i) to return it to Owner/Agent immediately uponrequest and (ii) that this Offering Memorandum and its contents areof a confidential nature and will be held and treated in strictconfidence. No portion of this Offering Memorandum may becopied or otherwise reproduced or disclosed to anyone without theprior written authorization of officer of Owner/Agent. Principals andreal estate brokers are prohibited from disseminating thisinformation without the specific written consent of an officer ofOwner/Agent.

This Offering Memorandum is subject to errors, omissions, changesor withdrawal without notice and does not constitute arecommendation or endorsement as to the value of the property asa reference and are based on assumptions proposed byOwner/Agent and their sources. Prospective purchasers shouldmake their own projections and reach their own conclusion ofvalue.

Certain portions of this Offering Memorandum merely summarizeor outline property information and are in no way intended to becomplete nor necessarily accurate descriptions. All prospectivepurchasers are to rely upon their own investigations and duediligence in the formation of their assessment of the condition ofthe property, including engineering and environmental inspections.All relevant documents are expected to be reviewed independentlyby any prospective purchaser.Neither Owner nor the Agent nor any of their respective officers,advisors, agents, or principals has made or will make any

representations or warranties, expressed or implied, as to theaccuracy or completeness of the Offering Memorandum or any ofthe contents, and no legal commitment or obligations shall arise byreason of the Offering Memorandum or the contents. Analysis andverification of the information contained in the OfferingMemorandum is solely the responsibility of the prospectivepurchaser.

Owner reserves the right to reject any or all expressions of interestor offers to purchase this property, as well as the right to terminatediscussions with any party at any time with our without notice.Owner shall have no legal commitment or obligation to anypurchase reviewing this Offering Memorandum or making an offerto purchase this property unless a written agreement for thepurchase of the property has been fully executed, delivered andapproved by Owner and any conditions to Owner’s obligationsthereunder have been satisfied or waived.

The terms and conditions set forth above apply to this OfferingMemorandum in its entirety.

CONFIDENTIALITY AGREEMENT

1ABOUT THE INVESTMENT

INVESTMENT SUMMARY & HIGHLIGHTS

2TENANT OVERIVEWCREDIT OVERVIEW

OPERATIONS OVERVIEW

3ABOUT THE PROPERTY

PROPERTY OVERVIEW

4ABOUT THE LOCATIONLOCATION OVERVIEWCOLUMBIA MARKET

Walgreens| Glendale, AZ

TABLE OF CONTENTS

Walgreens NNN Leased Offering9009 N 67th Avenue| Glendale, AZ 85302

9009 N 67th Avenue

Section 1 : About the Investment

Walgreens NNN| Glendale, AZ

5

PROPERTY OVERVIEW

Purchase Price: $3,800,000 | Cap Rate: 7.09%JDS Real Estate Services is pleased to offer for

sale to qualified investors a single tenant

Walgreens in Glendale Arizona.

The property is leased to Walgreens with over 3

years remaining on the initial 20 year lease. The

lease calls for zero landlord obligations, making

this an ideal passive investment.

The corporate backed lease by the world’s

largest drug store by volume has no

responsibilities whatsoever for the landlord. The

roof, structure and parking lot are all

maintained, repaired and replicated by the

tenant.

The Lessee is Walgreens Company, the nation’s

largest drug store with approximately 10,200

stores. As of January 2018, the market valuation

of Walgreens exceeds $74B.

Absolute NNN Lease Structure

This lease represents a triple net lease investment, leaving zero Landlord responsibilities for maintenance

or repair of the Property throughout the term and option periods.

Financials and Creditworthiness of Tenant

Walgreen Co. holds a BBB/Stable rating by Standard and Poor’s and had FY2016 (ended August 31,

2016) revenue of $117.35 billion and net income of $4.17 billion.

Sustained Operating History

Walgreen Co. boasts a 115+ year operational history. Additionally, the Tenant has occupied the Property

for approximately 10 years.

Favorable Demographics

±417,000 people within a 5 mile radius, with expected population growth of 7.85% from 2017 through

2022.

Corner Location and Accessibility

The Property boasts a corner location of an intersection with great traffic counts, and easy accessibility.

Walgreens NNN| Glendale, AZ

INVESTMENT OVERVIEW

6

Walgreens NNN| Glendale, AZ

Remaining Term: 7 years

Expense: NNN (Owner Responsible for Roof and

Structure)

Sale Price: $3,800,000

CAP Rate: 7.09%

Building Size: 15,120

Price Per Square Foot: $251.32

Lot Size: 2.18 Acres

Year Built: 2001

Parking: 60 3.96/1,000 SF

Zoning: C-2 Phoenix

Parcel: 143-12-160J

Stories: 1

Tenant Name GLA Lease Start Lease End Annual rent Options

Walgreens 15,120 SF 6/1/2001 6/30/2021 $269,504 Tenant has 8 five year options

Tenant Rent Roll

Investment Overview

Section 2 : About The Tenant

9009 N 67th Avenue Walgreens NNN| Glendale, AZ

TENANT OVERVIEW

Walgreens, one of the nation's largest drugstore chains, is included in

the Retail Pharmacy USA Division of Walgreens Boots Alliance, Inc.

(NASDAQ: WBA), the first global pharmacy-led, health and wellbeing

enterprise.

The company was created through the combination of Walgreens and

Alliance Boots in December 2014. More than 8 million customers

interact with Walgreens each day in communities across America,

using the most convenient, multichannel access to consumer goods

and services and trusted, cost-effective pharmacy, health and wellness

services and advice.

Walgreens operates 8,175 drugstores with a presence in all 50 states,

the District of Columbia, Puerto Rico and the U.S. Virgin Islands.

Walgreens‘ omni-channel business includes Walgreens.com and

VisionDirect.com. More than 400 Walgreens stores offer Healthcare

Clinic or other provider retail clinic services. Healthcare Clinics are

staffed by board-certified family nurse practitioners who are specially

trained to diagnose and treat a wide variety of illnesses and chronic

conditions, order diagnostic tests and provide preventive care. The

Walgreens partnership with WebMD offers customers additional digital

health resources.

Walgreens Boots Alliance's pending acquisition of Rite Aid

Corporation, which was announced October 27, 2015, is progressing

as planned. The company expects the acquisition will close in early

calendar 2017. Taking into account its current expectation of store

divestitures, Walgreens Boots Alliance continues to expect that it will

realize synergies from the acquisition in excess of $1 billion, to be fully

realized within three to four years of closing.

Walgreens NNN| Glendale, AZ

Tenant Overview

Section 3 : About The Property

9009 N 67th Avenue Walgreens NNN| Glendale, AZ

10

PROPERTY SITE PLAN Walgreens NNN| Glendale, AZ

S

Subject Property

11

Section 4 : About The Location

9009 N 67th Avenue Walgreens NNN| Glendale, AZ

13

CITY OVERVIEW 9009 N 67th Avenue | Glendale AZ

Glendale is a city in Maricopa County, Arizona, located about nine

miles (14 km) northwest from Downtown Phoenix. According to the

2010 census, the population of the city is 226,721.

Glendale is the site of two major sports venues: University of Phoenix

Stadium and Gila River Arena. Both venues are part of the Glendale

Sports and Entertainment District development plan, meant to spur

growth in the sparsely inhabited Yucca district. Both venues are owned

by the City of Glendale.

As of the census of 2000, there were 218,812 people, 75,700 households,

and 54,352 families residing in the city. The population density was

3,929.5 people per square mile. There were 79,667 housing units at an

average density of 1,430.7 per square mile. The racial makeup of the

city was 75.54% White, 4.70% Black or African American, 1.45% Native

American, 2.74% Asian, 0.13% Pacific Islander, 11.97% from other races,

and 3.47% from two or more races. 24.84% of the population

were Hispanic or Latino of any race.

There were 75,700 households out of which 39.9% had children under

the age of 18 living with them, 53.5% were married couples living

together, 12.8% had a female householder with no husband present,

and 28.2% were non-families. 21.3% of all households were made up of

individuals and 5.8% had someone living alone who was 65 years of

age or older. The average household size was 2.85 and the average

family size was 3.33.

In the city the population was spread out with 30.1% under the age of

18, 10.8% from 18 to 24, 31.9% from 25 to 44, 19.9% from 45 to 64, and

7.4% who were 65 years of age or older. The median age was 31 years.

For every 100 females there were 99.6 males. For every 100 females age

18 and over, there were 97.1 males.

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PROPERTY DEMOGRAPHICS Walgreens NNN| Glendale, AZ

Radius 1 Mile 3 Mile 5 Mile

Population:

2022 Projection 21,145 170,965 449,929

2017 Estimate 19,553 158,464 417,183

2010 Census 17,641 145,130 383,002

Growth 2017-2022 8.14% 7.89% 7.85%

Growth 2010-2017 10.84% 9.19% 8.92%

Households:

2022 Projection 8,178 58,272 156,056

2017 Estimate 7,565 54,046 144,752

2010 Census 6,826 49,558 132,900

Growth 2017 - 2022 8.10% 7.82% 7.81%

Growth 2010 - 2017 10.83% 9.06% 8.92%

Owner Occupied 3,826 33,255 88,456

Renter Occupied 3,739 20,790 56,296

2017 Avg Household Income 45,228 59,807 57,589

2017 Med Household Income 35,460 47,167 45,097

2017 Households by Household Inc:

EXCLUSIVELY PRESENTED BY:

Diana Shirek

AZ License Real Estate Broker # CO661892000

License #00877523

818.657.6516

davidmeir54@gmail.com

833.466.6360 | DIRECT

az.walgreens@jdsreservices.com

JDS Real Estate Services, Inc.

100 Spectrum Center Drive, Suite 900

Irvine, CA 92618__________________________________________________

JDS Real Estate Services, Inc.