WALGREENS

INVESTMENT HIGHLIGHTS

• NEW VILLAGE MEDICAL IN-STORE CLINIC: Walgreens recently added Village Medical, an in-store clinic that offers full-service primary care practices with on-site physicians.
• CREDIT TENANT: Walgreens offers a Corporate Guaranty with an Investment Grade BBB credit rating by Standard & Poor’s and a market cap of ±$40B. (NASDAQ: WBA)
• STRONG DEMOGRAPHICS: Positioned in a highly populated area with more than 413,000 people in a 5-mile radius and an average household income of $101,000. Houston is the largest city in Texas and the Houston MSA is the 4th largest in the United States.
• INCOME TAX-FREE STATE: Subject property is in the state of Texas which offers no state income tax.
• ESSENTIAL RETAILER: Walgreens was deemed an essential retailer and has continued to provide valuable goods and services throughout the pandemic. Walgreens not only stayed open, but they paid their rent in a timely manner throughout the pandemic. Currently, Walgreens offers Covid-19 vaccines and test kits to customers.
• PASSIVE ABSOLUTE NNN LEASE: Zero landlord responsibilities providing for a passive investment – Tenant is responsible for CAM, Insurance, Utilities, Taxes, and maintains all aspects of the premises.