Walgreens Pharmacy Santa Cruz, California Pharmacy Santa Cruz, California • Prime, irreplaceable San Francisco Bay Area real estate • Unique opportunity to own an entire city block

Walgreens Pharmacy Santa Cruz, California • Prime, irreplaceable San Francisco Bay Area real

estate

• Uniqueopportunitytoown an entire city blockinacommunitywhereithashistoricallybeenverydifficulttodevelop

• 21+yearsofguaranteedcashflow

• Denseurbaninfilllocation(24,535peoplein1mile)

• Investment grade Walgreens corporate credit and guarantee

• Twotenantdealoffersrentincreasesandsomeupsideinthenear-term

$13,100,000

5.00%CAP Rate

DeerfieldPartnersJohn GiordaniArtGriffith(415)[email protected]

Walgreens Pharmacy Santa Cruz, California

DeerfieldPartnersJohn GiordaniArt Griffith(415) [email protected]

Thisisanextremelyrareopportunityforaninvestortonotonlyownafee-simpleWalgreenspropertyinSantaCruz,buttoown an entire city block in downtown Santa Cruz.Uniqueconstruction,excellentlocation,greattrafficcountsandhighidentitysignage.SantaCruzhasavirtuallockdownonnationalretailersinthedowntownarea,it’sawondertheywereabletodevelopthissite.Thisistrulyirreplaceablerealestate.

This store is situated on an entire city block, and boasts tremendous visibility, as almost all tourist trafficheadingtothebeachescomesrightbythissiteonthewayintoSantaCruzandonthewayback out. Additionally,thestorebenefitsbyofferingcustomersrare,on-siteparkinginthedowntowncommercialdistrict.

InvestmentSummary

AboutThisInvestmentOpportunity

GreatDemographics,ExcellentVisibilityandAmpleParking

1 Mile 3 Mile 5 Mile

Population 24,535 83,132 112,864

Avg. Household Income $69,940 $80,471 $81,930

SituatedontheintersectionofLaurelandPacific,twoofthemostheavilytraffickedthoroughfaresinSanta Cruz,thisisanimportantstrategiclocationforWalgreens.

Excellentvisibilityandampleparking.

Price $13,100,000CAP Rate 5.00%

Annual Income $654,982Years Guaranteed 21+yearsguaranteedbyWalgreens(SaturnCafeexpires3/30/2022)



AerialPhoto



PropertyDetails

LeaseSummaries

Year Redeveloped 2012 Building Size 17,440squarefeetAddress 105-145LaurelStreet

SantaCruz,CALot Size 1.23acres

Square Footage 14,155sq.ft. 3,285sq.ft.Firm Lease Term ~21yearsthru4/30/2037 ~4yearsthru3/31/2020

Annual Rent $553,450 $101,532Rent Increases None. 3%everyyearLandlord Costs None.LeaseisNNN. None.LeaseisNNN.



RegionalMap/AboutSantaCruz

SantaCruzisthecountyseatandlargestcityofSantaCruzCounty,CaliforniaintheUS.Asof the2010U.S.Census,SantaCruzhadatotalpopulationof59,946.ItislocatedonthenorthernedgeoftheMontereyBay,about72milessouthofSanFrancisco.

Lateinthe19thcentury,SantaCruzestablisheditselfasabeachresortcommunity.SantaCruzis now known for itsmoderate climate, thenaturalbeautyof itscoastlineand redwoodforests,alternativecommunitylifestyles,andsociallyliberalleanings.ItisalsohometotheUniversityofCalifornia,SantaCruz,apremierresearch institutionandeducationalhub,aswellastheSantaCruzBeachBoardwalk,anoceanfrontamusementpark.

Square Footage 14,155sq.ft. 3,285sq.ft.Firm Lease Term ~21yearsthru4/30/2037 ~4yearsthru3/31/2020

Annual Rent $553,450 $101,532Rent Increases None. 3%everyyearLandlord Costs None.LeaseisNNN. None.LeaseisNNN.



BackgroundonSaturnCafeSaturnCafefirstopenedin1979,inatinyhouseonMissionStreetinSantaCruz,California.Thefoundersaimedtocreateacommunitygatheringplacewithacommitmenttosocialandenvironmentaljustice.AlthoughtheSaturnhasgrownandchangedinmanywayssinceitsinception,thesecorevaluesstillguideusinallthatwedo.ThecafequicklyoutgrewthehouseonMissionStreet,andmovedacrossthestreettoanewlocation.There, itbecameacollegehangoutfeaturingvegetariansoups,saladsanddecadentdesserts.OnNewYearsEveof1999,afirebrokeoutatthenewlocation,burningahole through the roof.SaturnCafe thenmoved to theheart of downtownSantaCruz,wherewecontinuedtoexpandourmenu,aswellasourhourstoincludelatenightdining.

Overtheyears,ourmenuatSaturnCafehasevolved,keepingupwiththeevergrowingdemandforhealthytwistsonAmericancomfort food. The first new additions includedmouthwatering vegetarian burgers, such as theSpaceCowboy, and awardwinningFrenchfries,whichwecookintrans-fatfreeoilthatgetsrecycledintobio-dieselfuel.Afterawhile,webeganservingaLateRiser’sBrunch,andareproudtosaythatourveganbreakfastburritoandfluffyomeletsaregainingfansallovertheworld.Eachyear,webringhome thegold in theSantaCruzMetroGoldieAwards in categories suchas “BestMilkshakes,” “BestComfortFood,”“MostInnovativeMenu,”and“BestBurger.”In2005,wesetagoaltodeepenourunderstandingofwhatitmeans

toownasustainablerestaurant,which isdedicatedtothetriplebottomlineofplanet,peopleandprofit.Puttingourvaluesintoaction,wesetouttoimproveour business both internally and externally. As wefocusongrowthandthefuture,weremainrootedinourvaluesasalocalprogressivebusinessbymarkingapercentageofourbudgetforinvestmentinourlocalcommunity.

In 2009we introduced the Saturn Satellite Project,andwecouldn’tbemore thrilledabouthelpingoursatelliteslaunchinexhilaratingnewlocations.

Throughout our thirty years in business, one keyelement remains the same.Weknow that thewell-beingofourcustomers, staff,and the farmerswhoproduce our food, the health of the planet, andthe sustainability of our business are completelyinterdependent.Aswecontinuetoreachforthestars,wearededicatedtofindingsociallyandecologicallyresponsiblewaystomoveourbusinessforward.



StorePhotos



AerialPhotoShowingProximitytoKaiserPermanenteArenaKaiserPermanenteArenaisanindoorarenalocatedinSantaCruz,intheU.S.stateofCalifornia.Ithasaseatingcapacityof2,505spectators.IthoststheSantaCruzWarriorsoftheNBADevelopmentLeague.ItalsoisthehomeoftheSantaCruzDerbyGirlsoftheWomen’sFlatTrackDerbyAssociation.ThenamingrightswereboughtbyhealthcareconsortiumKaiserPermanentedespitethecompany–asponsoroftheWarriors’owner,theNBA’sGoldenStateWarriors–nothavingfacilitiesinSantaCruz.

A$3.5millionloanbythecityofSantaCruzwasgiventotheWarriorstobuildtheirarena,withthe1.5-acrelotbeingprovidedbytheSantaCruzSeasideCompany,owneroftheSantaCruzBeachBoardwalk.Constructionranfor78daysbetweenSeptemberandDecember2012,haltedjustafewtimesbyrain.ThearenawasopenedonDecember23,2012,withavictorybytheWarriorsagainsttheBakersfieldJam.ByApril2014,KaiserPermanenteArenahad39sell-outsoutofthe53Warriorshomegames.Inthemeantime,theWarriorsreachedtwoD-Leaguefinals.

ThearenaalsoservesasthehomeofUCSantaCruzmen’sandwomen’sbasketballgames.



StorePhotos



AboutWalgreensBootsAllianceWalgreensBootsAllianceisthefirstglobalpharmacy-led,healthandwellbeingenterpriseintheworld.Ourpurposeistohelppeopleacrosstheworldleadhealthierandhappierlives.WalgreensBootsAlliancewascreatedthroughthecombinationofWalgreensandAllianceBootsinDecember2014.Thistransactionbroughttogethertwoleadingcompanieswithiconicbrands,complementarygeographicfootprints,sharedvaluesandaheritageoftrustedhealthcareservicesthroughpharmaceuticalwholesalingandcommunitypharmacycare,datingbackmorethan100years.

TheCompany,withapresenceinmorethan25countries,employsover370,000peopleandisthelargestretailpharmacy,healthanddailylivingdestinationintheUSAandEurope.

TheCompany’ssize,scale,andexpertisewillhelpustoexpandthesupply,andaddresstherisingcostof,prescriptiondrugsintheUSAandworldwide.

Byleveragingtheseadvantagesandopportunities,aswellasthefullbenefitofourbestpracticesandexpertise,WalgreensBootsAlliancewillbepositionedtocreatesubstantialincrementalefficiency,synergyandgrowthopportunities.

ThecreationofWalgreensBootsAllianceprovidesanopportunitytofurtheracceleratethedevelopmentofafullyintegrated,globalplatformforthefuturetoprovideinnovativewaystoaddresshealthandwellnesschallenges.OurCompanyiswellpositionedtoexpandcustomerofferingsinexistingmarketsandbecomethehealthandwellbeingpartnerofchoiceinemergingmarkets.



WalgreensBootsAlliance--SegmentStructure

8

Walgreens Boots Alliance – Segment Structure

The largest retail pharmacy chain in Europe

A leading global pharmaceutical wholesaler

and distributor

A leading drugstore chain in the USA

The first global pharmacy-led, health and wellbeing enterprise in the world



WalgreensBootsAlliance--RetailPharmacyUSADivisionTheRetailPharmacyUSADivision’sprincipalretailpharmacybrandsareWalgreensandDuaneReade.Together,theyformthelargestdrugstorechainintheUSA.

ThisDivisionoperates8,240drugstoresin50states,theDistrictofColumbia,PuertoRicoandtheUSVirginIslands.AsofAugust2014,approximately76%ofthepopulationoftheUSAliveswithinfivemilesofaWalgreens.

Thecompanysellsprescriptionandnon-prescriptiondrugs,aswellasgeneralmerchandise,includinghouseholditems,convenienceandfreshfoods,personalcare,beautycare,photofinishingandcandy.Theyprovidecustomerswithconvenient,omni-channelaccesstoconsumergoodsandservices,pharmacy,andhealthandwellnessservicesincommunitiesacrossAmerica.

Thecompany’swebsites,whichincludeWalgreens.comanddrugstore.com,receiveanaverageofapproximately60millionvisitspermonth.Integratedwithane-commerceplatform,theWalgreensmobileapplicationallowscustomerstorefillprescriptionsthroughscantechnology,receivetextmessagesalertingwhenarefillisdueandotherfront-endfunctionality,suchasphotoandshoppingfeatures.

Prescriptiondrugsaccountfor64percentofsales,whileretailproductsare36percent.Overall,WBAfilledapproximately699millionprescriptionsin2014.

3Q15FinancialPerformance–RetailPharmacyUSA

9

GAAP $ million

3Q15 Financial Performance – Retail Pharmacy USA

Non-GAAP* $ million

* Non-GAAP financial measures – See attached Appendix.

Total Sales $20,425 Gross Profit $5,527 SG&A $4,494 Operating Income $1,033

Operating Margin 5.1%

Adjusted Gross Profit $5,596

Adjusted SG&A $4,268

Adjusted Operating Income $1,328

Adjusted Operating Margin 6.5%



Item 1B. Unresolved Staff Comments

There are no unresolved written comments that were received from the SEC Staff 180 days or more before theend of our fiscal year relating to our periodic or current reports under the Securities Exchange Act of 1934.

Item 2. Properties

The Company’s locations, including drugstores, infusion and respiratory service facilities, specialty pharmaciesand mail service facilities at August 31, 2014 and 2013 are listed below.

2014 2013 2014 2013 2014 2013

Alabama 115 113 Louisiana 154 152 Oklahoma 117 121Alaska 8 7 Maine 15 15 Oregon 77 80Arizona 250 258 Maryland 89 80 Pennsylvania 131 138Arkansas 83 78 Massachusetts 168 185 Rhode Island 26 29California 646 663 Michigan 232 232 South Carolina 110 119Colorado 160 172 Minnesota 154 164 South Dakota 14 14Connecticut 95 125 Mississippi 78 79 Tennessee 254 271Delaware 65 66 Missouri 219 221 Texas 712 729District of Columbia 6 5 Montana 14 14 Utah 48 45Florida 861 881 Nebraska 60 62 Vermont 3 4Georgia 204 208 Nevada 84 92 Virginia 141 149Hawaii 19 17 New Hampshire 32 36 Washington 139 140Idaho 40 42 New Jersey 191 215 West Virginia 17 23Illinois 610 620 New Mexico 69 68 Wisconsin 228 234Indiana 201 218 New York 486 527 Wyoming 11 11Iowa 70 72 North Carolina 263 221 Guam 0 1Kansas 70 72 North Dakota 1 1 Puerto Rico 120 118Kentucky 98 103 Ohio 250 272 U.S. Virgin Islands 1 0

TOTAL 8,309 8,582

The Company owned approximately 20% of its retail drugstore locations and leased the remaining locations atAugust 31, 2014. The leases are for various terms and periods. See Note 3 to the Company’s ConsolidatedFinancial Statements in Part II, Item 8 of this Form 10-K. Net retail selling space remained consistent at89 million square feet at August 31, 2014 and 2013. Approximately 20% of Company stores have been opened orremodeled during the past five years, including our “Well Experience” store format in over 700 locations,including a market-wide transformation in the Indianapolis area and new flagship stores in select marketsincluding Boston, Chicago, Los Angeles, New York City, San Francisco, Washington, D.C., Las Vegas andPuerto Rico.

As of August 31, 2014:

• The Company’s retail store operations were supported by 19 major distribution centers with a total ofapproximately 11 million square feet of space, of which 13 locations are owned. The remaining spaceis leased. All distribution centers are served by modern systems for order processing control and rapidmerchandise delivery to stores. In addition, the Company uses public warehouses and third partywholesalers to handle certain distribution needs. As of August 31, 2014, AmerisourceBergendistributed substantially all of the Company’s branded and generic pharmaceutical products.

• The Company operated 34 principal office facilities containing approximately three million square feet,of which 13 locations were owned. The Company operated two mail service facilities containingapproximately 237 thousand square feet, one of which was owned.

• The Company owned 16 strip shopping malls containing approximately 500 thousand square feet.

31

WalgreensPropertiesNationwide



IncomeStatementsTrailing5Years



Demographics-1MileRadiusDemographic and Income Profile105 Laurel St, Santa Cruz, CA, 95060 Prepared by John GiordaniDeerfield PartnersRing: 1 mile radius Latitude: 36.969263429

Longitude: -122.0238094

AreaStateUSA

Trends 2011-2016

Population Households Families Owner HHs Median HH Income

Annual

Rat

e (i

n p

erce

nt)

3.5

3

2.5

2

1.5

1

0.5

0

20112016

Population by Age

0-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+

Perc

ent

20

18

16

14

12

10

8

6

4

2

0

2011 Household Income

<$15K15.5%

$15K - $24K10.9%$25K - $34K

10.8%

$35K - $49K13.8%

$50K - $74K16.3%

$75K - $99K11.0%

$100K - $149K11.9%

$150K - $199K5.2%

$200K+4.7%

2011 Population by Race

White Black Am. Ind. Asian Pacific Other Two+

Perc

ent

70

65

60

55

50

45

40

35

30

25

20

15

10

5

0

2011 Percent Hispanic Origin: 24.7%

June 07, 2012

©2012 Esri Page 2 of 6

Source: U.S. Census Bureau, Census 2010 Data. Esri forecasts for 2011 and 2016.




Longitude: -122.0238094

Summary 2010 2011 2016Population 24,551 24,535 24,947Households 10,074 10,096 10,387Families 3,768 3,757 3,839Average Household Size 2.30 2.29 2.27Owner Occupied Housing Units 2,826 2,695 2,786Renter Occupied Housing Units 7,248 7,401 7,601Median Age 31.2 31.3 31.9

Trends: 2011 - 2016 Annual Rate Area State NationalPopulation 0.33% 0.66% 0.67%Households 0.57% 0.63% 0.71%Families 0.43% 0.63% 0.57%Owner HHs 0.67% 0.99% 0.91%Median Household Income 3.51% 3.39% 2.75%

2011 2016 Households by Income Number Percent Number Percent

<$15,000 1,564 15.5% 1,565 15.1%$15,000 - $24,999 1,096 10.9% 841 8.1%$25,000 - $34,999 1,092 10.8% 928 8.9%$35,000 - $49,999 1,392 13.8% 1,199 11.5%$50,000 - $74,999 1,646 16.3% 1,669 16.1%$75,000 - $99,999 1,106 11.0% 1,468 14.1%$100,000 - $149,999 1,203 11.9% 1,501 14.4%$150,000 - $199,999 528 5.2% 674 6.5%$200,000+ 470 4.7% 543 5.2%

Median Household Income $48,644 $57,788Average Household Income $69,940 $81,234Per Capita Income $30,827 $35,932

2010 2011 2016 Population by Age Number Percent Number Percent Number Percent

0 - 4 1,049 4.3% 1,023 4.2% 1,050 4.2%5 - 9 954 3.9% 942 3.8% 941 3.8%10 - 14 881 3.6% 872 3.6% 886 3.6%15 - 19 1,448 5.9% 1,437 5.9% 1,370 5.5%20 - 24 4,985 20.3% 5,006 20.4% 4,906 19.7%25 - 34 4,431 18.0% 4,446 18.1% 4,637 18.6%35 - 44 3,257 13.3% 3,229 13.2% 3,179 12.7%45 - 54 3,022 12.3% 3,001 12.2% 2,830 11.3%55 - 64 2,635 10.7% 2,665 10.9% 2,907 11.7%

65 - 74 1,041 4.2% 1,064 4.3% 1,331 5.3%75 - 84 523 2.1% 522 2.1% 539 2.2%

85+ 325 1.3% 328 1.3% 369 1.5%

2010 2011 2016 Race and Ethnicity Number Percent Number Percent Number Percent

White Alone 17,885 72.9% 17,865 72.8% 17,818 71.4%Black Alone 483 2.0% 483 2.0% 502 2.0%American Indian Alone 219 0.9% 221 0.9% 224 0.9%Asian Alone 1,301 5.3% 1,293 5.3% 1,362 5.5%Pacific Islander Alone 40 0.2% 40 0.2% 40 0.2%Some Other Race Alone 3,277 13.3% 3,288 13.4% 3,599 14.4%Two or More Races 1,345 5.5% 1,345 5.5% 1,400 5.6%Hispanic Origin (Any Race) 6,003 24.5% 6,068 24.7% 6,840 27.4%

Data Note: Income is expressed in current dollars.

June 07, 2012






Longitude: -122.0238094

AreaStateUSA

Trends 2011-2016


Annual

Rat

e (i

n p

erce

nt)

4

3.5

3

2.5

2

1.5

1

0.5

0

20112016

Population by Age

0-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+

Perc

ent

14

12

10

8

6

4

2

0


<$15K10.7%

$15K - $24K9.0%

$25K - $34K9.6%

$35K - $49K13.0%

$50K - $74K17.4%

$75K - $99K12.0% $100K - $149K

16.0%

$150K - $199K6.7%

$200K+5.5%



Perc

ent

70

65

60

55

50

45

40

35

30

25

20

15

10

5

0


June 07, 2012






Longitude: -122.0238094




<$15,000 3,326 10.7% 3,126 9.9%$15,000 - $24,999 2,822 9.0% 2,068 6.6%$25,000 - $34,999 3,001 9.6% 2,426 7.7%$35,000 - $49,999 4,059 13.0% 3,389 10.8%$50,000 - $74,999 5,438 17.4% 5,264 16.7%$75,000 - $99,999 3,753 12.0% 4,743 15.1%$100,000 - $149,999 5,005 16.0% 5,939 18.9%$150,000 - $199,999 2,089 6.7% 2,551 8.1%$200,000+ 1,730 5.5% 1,961 6.2%



0 - 4 3,670 4.4% 3,590 4.3% 3,609 4.3%5 - 9 3,567 4.3% 3,526 4.2% 3,473 4.2%10 - 14 3,444 4.1% 3,412 4.1% 3,406 4.1%15 - 19 8,413 10.1% 8,361 10.1% 8,055 9.7%20 - 24 12,953 15.5% 12,954 15.6% 12,592 15.1%25 - 34 11,770 14.1% 11,759 14.1% 12,010 14.4%35 - 44 10,319 12.4% 10,212 12.3% 9,845 11.8%45 - 54 10,816 13.0% 10,704 12.9% 9,872 11.8%55 - 64 10,133 12.2% 10,231 12.3% 10,954 13.1%

65 - 74 4,404 5.3% 4,490 5.4% 5,457 6.6%75 - 84 2,449 2.9% 2,439 2.9% 2,475 3.0%

85+ 1,460 1.8% 1,453 1.7% 1,568 1.9%


White Alone 62,660 75.1% 62,347 75.0% 61,310 73.6%Black Alone 1,381 1.7% 1,376 1.7% 1,404 1.7%American Indian Alone 685 0.8% 687 0.8% 687 0.8%Asian Alone 5,287 6.3% 5,256 6.3% 5,499 6.6%Pacific Islander Alone 152 0.2% 152 0.2% 151 0.2%Some Other Race Alone 8,721 10.5% 8,804 10.6% 9,628 11.6%Two or More Races 4,513 5.4% 4,512 5.4% 4,636 5.6%Hispanic Origin (Any Race) 17,613 21.1% 17,835 21.5% 19,993 24.0%


June 07, 2012






Longitude: -122.0238094

AreaStateUSA

Trends 2011-2016


Annual

Rat

e (i

n p

erce

nt)

4

3.5

3

2.5

2

1.5

1

0.5

0

20112016

Population by Age

0-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+

Perc

ent

1413

1211

109

87

65

43

21

0


<$15K10.4%

$15K - $24K8.7%

$25K - $34K9.3%

$35K - $49K13.1%

$50K - $74K17.6%

$75K - $99K11.9%

$100K - $149K16.0%

$150K - $199K7.0%

$200K+5.9%



Perc

ent

75

70

65

60

55

50

45

40

35

30

25

20

15

10

5

0


June 07, 2012






Longitude: -122.0238094




<$15,000 4,549 10.4% 4,221 9.6%$15,000 - $24,999 3,813 8.7% 2,775 6.3%$25,000 - $34,999 4,035 9.3% 3,233 7.4%$35,000 - $49,999 5,718 13.1% 4,711 10.8%$50,000 - $74,999 7,678 17.6% 7,388 16.9%$75,000 - $99,999 5,198 11.9% 6,572 15.0%$100,000 - $149,999 6,991 16.0% 8,336 19.0%$150,000 - $199,999 3,062 7.0% 3,702 8.5%$200,000+ 2,562 5.9% 2,875 6.6%



0 - 4 5,041 4.5% 4,932 4.4% 4,944 4.4%5 - 9 5,042 4.5% 4,993 4.4% 4,917 4.4%10 - 14 5,033 4.4% 4,994 4.4% 4,985 4.4%15 - 19 10,742 9.5% 10,669 9.5% 10,229 9.1%20 - 24 14,936 13.2% 14,932 13.2% 14,467 12.8%25 - 34 15,335 13.5% 15,308 13.6% 15,556 13.8%35 - 44 14,043 12.4% 13,904 12.3% 13,346 11.8%45 - 54 15,475 13.7% 15,322 13.6% 14,077 12.5%55 - 64 14,885 13.1% 15,022 13.3% 16,033 14.2%

65 - 74 6,579 5.8% 6,717 6.0% 8,134 7.2%75 - 84 3,799 3.4% 3,778 3.3% 3,817 3.4%

85+ 2,302 2.0% 2,292 2.0% 2,461 2.2%


White Alone 87,316 77.1% 86,895 77.0% 85,474 75.7%Black Alone 1,672 1.5% 1,664 1.5% 1,693 1.5%American Indian Alone 865 0.8% 867 0.8% 869 0.8%Asian Alone 6,591 5.8% 6,552 5.8% 6,860 6.1%Pacific Islander Alone 194 0.2% 194 0.2% 193 0.2%Some Other Race Alone 10,664 9.4% 10,782 9.6% 11,802 10.4%Two or More Races 5,910 5.2% 5,909 5.2% 6,073 5.4%Hispanic Origin (Any Race) 22,457 19.8% 22,765 20.2% 25,565 22.6%


June 07, 2012



Documents

Walgreens Pharmacy Santa Cruz, California Pharmacy Santa Cruz, California • Prime, irreplaceable San Francisco Bay Area real estate • Unique opportunity to own an entire city block