WALGREENSSan Antonio, Texasinvestment offering

ACTUAL SITE

DISCLAIMER

John R. WertzTel: (619) 218-6427jwertz@wertzrealestate.comCA Lic No. 01448585

Financial Overview

Tenant Overview

Executive Summary

Property Photos

Location Map

Area Map

Market Overview

Demographic Report

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Listed in conjunction with Texas broker David B. Zacharia licence 634656 ofDZ Net Lease Realty, LLC 9002821

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This Marketing Package was prepared by Wertz Real Estate Investment Services and DZ Net Lease Realty, LLC (“Broker”) solely for the use of prospective buyer considering the purchase of the Property within (the “Property”) and is not to be used for any other purpose. Neither the Broker nor the Owner of the Property make any representation or warranty, expressed or implied, as to the completeness or accuracy of the material contained in the Marketing Package.

Prospective purchasers of the Property are advised that changes may have occurred in the physical or financial condition of the Property since the time this Marketing Package or the financial statements herein were prepared. Prospective purchasers acknowledge that this Marketing Package and the financial statements herein were prepared by Broker, and not by Owner, and are based upon assumptions or events beyond the control of both Broker and Owner, and therefore may be subject to variation. Other than current and historical revenue and operating expense figures for the Property, Owner has not, and will not, provide Broker or any prospective purchaser with any projections regarding the Property. Prospective purchasers of the Property are advised and encouraged to conduct their own comprehensive review and analysis of the Property.

The Marketing Package is a solicitation of interest only and is not an offer to sell the Property. The Owner and Broker expressly reserve the right, at their sole discretion, to reject any or all expression of interest or offers to purchase the Property and expressly reserve the right, at their sole discretion, to terminate discussions with any entity at any time with or without notice.

The Owner shall have no legal commitments or obligations to any entity reviewing the Marketing Package or making an offer to purchase the Property unless and until such offer is approved by Owner pursuant to its Governing Authorities and the signature of the Owner or Owner’s representative is affixed to a Real Estate Purchase Agreement prepared by Owner.

This Marketing Package is confidential. By accepting the Marketing Package, you agree (i) that you will hold and treat the Marketing Package and its contents in the strictest confidence, (ii) that you will not photocopy or duplicate any part of the Marketing Package, (iii) that you will not disclose the Marketing Package or any of its contents to any entity without the prior authorization of the Owner, and (iv) that you will not use the Marketing Package in any fashion or manner detrimental to the Owner or Broker.

Broker has obtained the information contained in this Marketing Package from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, changes of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions, or estimates for example only, and they may not represent current or future performance of the Property. You and your tax and legal advisors should conduct your own investigations of the physical condition of the Property and of the financial performance of its future Ownerships.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT BROKER FOR MORE DETAILS.

TABLE OF CONTENTS

For more information contact:

Greg LaBarreTel: (619) 997-1242glabarre@wertzrealestate.comCA Lic. No. 02069301

PRICE $3,417,323

DOWN PAYMENT 100% / $3,417,323

RENTABLE SQUARE FEET 13,797 SF

cap rATE 6.35%

base rent $217,000

year built 1998

lot size 1.19 Acres

type of ownership Fee Simple

OFFERING SUMMARY

TENANT TRADE NAME Walgreens

OWNERSHIP Public

LEASE GUARANTOR Corporate

LEASE TYPE NN

roof & structure Landlord Responsible

original lease term 20 years

lEASE COMMENCEMENT DATE December 5, 1998

lease expiration date December 31, 2026

term remaining on lease Eight (8) Years

OPTIONS TO RENEW (6) 5-Year Options

RIGHT OF FIRST REFUSAL Yes (21 days)

TENANT SUMMARY

ACTUAL SITE

financial overview

The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.

ACTUAL SITE

The Walgreen CompanyFounded in 1901 as a single drugstore, Walgreens today is a provider of trusted care in communities around the U.S. Through constant innovation, Walgreens has a history of breaking new ground to meet its customers’ needs and improve their health, from offering self-service stores beginning in the 1950s to developing a 5-star rated mobile app today. In its pharmacies, Walgreens was the first major drugstore chain to put prescriptions into child-resistant containers in the 1960s (long before it was required by law) and in 2016 was the first to offer safe medication disposal kiosks in its stores.

This drive to innovate led Walgreens to merge with European-based Alliance Boots in 2014 to form Walgreens Boots Alliance, Inc., the first global pharmacy-led, health and well-being enterprise. Combining Walgreens with the Boots pharmacy chain and pharmaceutical distributor Alliance Healthcare has created opportunities to bring global beauty brands to Walgreens U.S. customers and offer more value to pharmacy patients through global pharmaceutical supply chains and group purchasing.

As today’s health care and retail markets continue to evolve, customers are redefining value and convenience as they change the way they shop and adopt new technologies. Anticipating these changes, Walgreens is accelerating its transformation as a customer-led company and creating a new health care and retail experience.

TENANT overview

TENANT TRADE NAME Walgreens

OWNERSHIP Public

LEASE GUARANTOR Corporate

LEASE TYPE NN

roof & structure Landlord Responsible

original lease term 20 years

lEASE COMMENCEMENT DATE December 5, 1998

lease expiration date December 31, 2026

term remaining on lease Eight (8) Years

OPTIONS TO RENEW (6) 5-Year Options

RIGHT OF FIRST REFUSAL Yes (21 days)

PROPERTY NAME WalgreensPROPERTY ADDRESS 2425 Thousand Oaks Drive San Antonio, TX 78232

PROPERTY TYPE Drugstore

PARENT COMPANY Walgreens Boots Alliance

oWNERSHIP Public

LEASE GUARANTOR Corporate

stock symbol WBA

BOARD NASDAQ

TERM REMAINING ON LEASE Eight (8) Years

OPTIONS TO RENEW (6) 5-year options

lease type NN

LANDLORD RESPONSIBILITY Roof & Structure

Drive thru Yes

base rent $217,000

no. of locations 9,500+

headquartered Deerfield, IL

website www.walgreens.com

years in the business Since 1901

The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.

The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.

executive summaryINVESTMENT OVERVIEWThe subject property is a Walgreens drive-thru located in the affluent and rapidly growing Thousand Oaks neighborhood of San Antonio, Texas. The Walgreens is located in a retail area surrounded by a dense infill of housing with numerous hospitals and elementary schools nearby. This location is the closest drugstore to the largest hospital in the area, Methodist Stone Oak Hospital. The property is also less than 3-miles to San Antonio International Airport. The average household income in a 1-mile radius is $89,000, $98,269 in a 3-mile radius, and $96,360 in a 5-mile radius.

The property benefits from its excellent visibility and strategic positioning at the hard corner, signalized intersection of Thousand Oaks Drive and Henderson Pass, which boasts over 33,000 vehicles per day. National retailers in the immediate vicinity include Valero, Goodwill, Sonic, Dairy Queen, The YMCA, The United State Postal Office, Public Storage, UPS, Chevron, Bank of America, Chase Bank, H.E.B. Pizza Hut, Jack In The Box, 99cents Store, CVS, Auto Zone, Pep Boys, Dollar Tree, and Domino’s Pizza. This is an excellent opportunity for an investor to purchase a stable, long term investment in a location with extremely strong demographics boding well for the overall long-term value of this property.

INVESTMENT HIGHLIGHTS

• Newly Renegotiated 8-Year Lease Showing a Strong Commitment to the Location

• Very Affluent Surrounding Area with Average Household Income of $96,000 (in a 5-Mile Radius)

• 20+ Year Historical Occupancy as a Walgreens

• Dense Infill Location with a Growing Population Exceeding 250,000 Residents in 5-Mile Radius

• Strategically Located at a Signalized Intersection and Provides a Drive-Thru

• Easy Access off of Thousand Oaks Drive and Henderson Pass with Traffic Counts Exceeding 33,000 Vehicles Per Day

• Less Than 3-Miles to San Antonio International Airport

• San Antonio is one of the Fastest Growing Cities in the U.S. and is Home to 6 Fortune 500 Companies

• Known as “Military City USA” with its Consistent Military Presence for Nearly 300 Years

• Walgreens is the Second Largest Drugstore Company in the United States with Over 9,500 Drugstores

The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.

The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.

The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.

AERIAL PHOTO

The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.

The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.

AERIAL PHOTO

The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.

The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.

AERIAL PHOTO

The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.

Hende

rson P

ass 2

1,411

VPD Thousand Oaks 11,774 VPD

AERIAL PHOTO

The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.

subject property

The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.

Thousand Oaks 11,774 VPD

Henderson Pass 21,411 VPD

subject property

The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.

Henderson Pass 21,411 VPD

Thou

sand

Oak

s 11,

774

VPD

subject property

The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.

Thousand Oaks 11,774 VPDHenderson Pass 21,411 VPD

subject property

The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.

ACTUAL SITE

LOCATION MAP

The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.

AREA MAP

The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.

The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.

SAN ANTONIO, TEXASSan Antonio is the seventh most populous city in the United States and the second most populous city in both Texas and the Southern United States. Founded as a Spanish mission and colonial outpost in 1718, the city became the first chartered civil settlement in Texas in 1731, making it the state's oldest municipality. The metro area, commonly called Greater San Antonio, has a population of 2,473,974 based on the 2017 U.S. census estimate, making it the 24th-largest metropolitan area in the United States. Growth along the Interstate 35 and Interstate 10 corridors to the north, west and east make it likely that the metropolitan area will continue to expand.

San Antonio contains five 18th-century Spanish frontier missions, including The Alamo and San Antonio Missions National Historical Park, which together were designated as World Heritage sites in 2015. The United Nations Educational, Scientific and Cultural Organization (UNESCO) encourages the identification, protection and preservation of cultural and national heritage around the world. To be chosen as a World Heritage Site, the missions had to meet demanding selection criteria that verified their historic importance. Other popular attractions include the River Walk, the Tower of the Americas, SeaWorld, the Alamo Bowl, and Marriage Island. Commercial entertainment includes Six Flags Fiesta Texas and Morgan's Wonderland amusement parks. According to the San Antonio Convention and Visitors Bureau, the city is visited by about 32 million tourists a year. It is home to the five-time NBA champion San Antonio Spurs, and hosts the annual San Antonio Stock Show & Rodeo, one of the largest events of its kind in the U.S.

Due to the strong military presence for nearly 300 years now, San Antonio has one of the nation's largest active and retired military populations. The city is also home to the Department of Defense’s largest medical center at Joint Base San Antonio Fort Sam Houston. Proudly, San Antonio welcomes the families of the 39,000 students who graduate from military training there each year. Recently the San Antonio City Council approved a $450 million redevelopment plan for the Alamo, marking a new chapter for the nearly 300-year-old site. The Alamo is the state's most visited historic landmark.

MARKET overview

Ranked # 4 in Texas with a Gross Domestic Product of approximately $96.8 billion

Host to over 100,000students across its 31 higher-education facilities

2nd Largest Citybehind the city of Houston in Texas with a population over 1.5 million

The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.

population 1 MILE 3 MILES 5 miles

2024 Projection 16,899 87,219 274,330

2019 Estimate 15,908 81,874 255,117

2010 Census 16,899 74,606 223,679

2000 Census 14,331 67,519 175,668

Percent Change 2000-2010 3.33% 10.50% 27.33%

Percent Change 2010-2019 7.43% 9.74% 14.05%

Percent Change 2019-2024 6.23% 6.53% 7.537%

Median Age 39.70 40.38 38.00

households 1 MILE 3 MILES 5 miles

2019 Est. Avg. HH Income $89,005 $98,269 $96,360

2024 Projection 7,568 36,222 110,827

2019 Est. Households 7,100 33,925 103,006

2019 Housholds w/ Cars 6,977 33,043 98,753

2019 Households below poverty 267 958 4,389

Percent Change 2000-2010 7.79% 16.31% 28.94%

Percent Change 2010-2019 8.53% 10.38% 14.11%

Percent Change 2019-2024 6.59% 6.77% 7.59%

The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.

The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.

ACTUAL SITE

DEMOGRAPHIC REPORT

Wertz Real Estate Investment Services690 Carlsbad Village Drive, Suite 201-B

Carlsbad, CA 92008Tel: (760) 453-7866Fax: (858) 408-1830

www.wertzrealestate.com

Listed in conjunction with Texas broker David B. Zacharia licence 634656 ofDZ Net Lease Realty, LLC 9002821

The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.