Walgreens Pharmacy Roseburg, Oregon · York Stock Exchange (NYSE:WAG), Walgreens operates 7,714...

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Walgreens Pharmacy Roseburg, Oregon Very rare West Coast Walgreens Great corner with over 60,000 cars per day Retirement community; ideal Walgreens customers Off the I-5, roughly in between Medford & Eugene Important strategic location for Walgreens Open and paying rent as of September 2011 Walgreens corporate guarantee (NYSE:WAG) Investment grade credit (S&P A+; Moody’s Aa3) New construction, 75 year NNN lease Zero management responsibilities $8,695,000 6.50% CAP Rate Deerfield Partners John Giordani Art Griffith (415) 685-3035 team@deerfieldteam.com

Transcript of Walgreens Pharmacy Roseburg, Oregon · York Stock Exchange (NYSE:WAG), Walgreens operates 7,714...

Page 1: Walgreens Pharmacy Roseburg, Oregon · York Stock Exchange (NYSE:WAG), Walgreens operates 7,714 stores in all 50 states, the District of Columbia and Puerto Rico. Walgreens is widely

Walgreens Pharmacy

Roseburg, Oregon

• VeryrareWestCoastWalgreens

• Greatcornerwithover60,000carsperday

• Retirementcommunity;idealWalgreenscustomers

• OfftheI-5,roughlyinbetweenMedford&Eugene

• ImportantstrategiclocationforWalgreens

• OpenandpayingrentasofSeptember2011

• Walgreenscorporateguarantee(NYSE:WAG)

• Investmentgradecredit(S&PA+;Moody’sAa3)

• Newconstruction,75yearNNNlease

• Zeromanagementresponsibilities

$8,695,000

6.50%CAPRate

DeerfieldPartnersJohn GiordaniArt Griffith(415)[email protected]

Page 2: Walgreens Pharmacy Roseburg, Oregon · York Stock Exchange (NYSE:WAG), Walgreens operates 7,714 stores in all 50 states, the District of Columbia and Puerto Rico. Walgreens is widely

Walgreens Pharmacy

Roseburg, Oregon

DeerfieldPartnersJohn GiordaniArt Griffith(415)685-3035

[email protected]

Price

CAP

AnnualIncome

RentIncreases

Debt

$8,695,000

6.50%

$565,000

None

Buyertoobtainnewdebtatmarket.Pleasecalltodiscussoptions.

Investment Summary

Property Details

Lease Summary

About This Investment Opportunity

Address

City

State

ThisnewWalgreenssitsonthecornerofGardenValleyandStewartRoadwhichbenefitsfromtrafficcountsofover60,000carsperday.Thisintersectionisgenerallyconsideredtobelocatedat“MainandMain”inRoseburg.AdjacenttothisWalgreensdevelopment,anewCarl’sJr.restaurantjustopenedDe-cember2010.

WalgreensopeneditsfirststoreinRoseburginlate2008,whichlocatedapproximately1.3mileseastofthisnewstore.ThefactthatWalgreensismovingforwardwithasecondstoreintownindicatesthatWalgreensanticipatesstrongsalesvolumesbasedonthestrongperformanceoftheotherlocationduringthefirstcoupleofyearsofoperations.RiteAidistheonlynationaldrugstorecompetitionintown;thereisnoCVSinthevicinity.

GardenValleyandStewartRoad

Roseburg

Oregon

Walgreens(NYSE:WAG)

September1,2011

None

75years

Startinginyear26Tenantmayterminateleasewith12monthsnotice.

None.Leaseistrulytriple-net(NNN).Zerolandlordcostexposure.

2011

14,550

1acre

YearBuilt

BldgSize

LotSize

Tenant

RentStartDate

RentIncreases

LeaseTerm

Options

LandlordResponsibilities

Page 3: Walgreens Pharmacy Roseburg, Oregon · York Stock Exchange (NYSE:WAG), Walgreens operates 7,714 stores in all 50 states, the District of Columbia and Puerto Rico. Walgreens is widely

Walgreens Pharmacy

Roseburg, Oregon

DeerfieldPartnersJohn GiordaniArt Griffith(415)685-3035

[email protected]

DemographicSummary

RegionalMap/AboutRoseburg

1 Mile 3 Mile 5 Mile

Population 5,214 26,035 33,395

Avg. HH Income $60,572 $51,836 $53,175

LocatedinSouthwesternOregon,RoseburgisthegatewaytoCraterLakeNationalPark.Thetownhasflourishedasaresultofbothitsproximitytothepark,itsplethoraofrecreationalopportunitiesandagrowingwineindustry.Smalltownfeelwithbigtownamenities.

RoseburgisapartofthehundredvalleysoftheUmpqua.InRoseburg,youcanclimbamountain,raftariverorcatchasalmonandstillenjoygreatrestaurantsandshopping--allininsomeofthemostpicturesqueareasofthePacificNorthwest.

Forthemoreleisureinclined,Roseburgoffersaboomingwinecountry.TheUmpquawineregioniswellknownforitshigh-qualityBurgundianwinevarietieslikePinotNoirandChardonnayandBordeauxvarietiessuchasCabernetSauvignonandMerlot.

Page 4: Walgreens Pharmacy Roseburg, Oregon · York Stock Exchange (NYSE:WAG), Walgreens operates 7,714 stores in all 50 states, the District of Columbia and Puerto Rico. Walgreens is widely

Walgreens Pharmacy

Roseburg, Oregon

DeerfieldPartnersJohn GiordaniArt Griffith(415)685-3035

[email protected]

AerialofSiteandIntersection

Page 5: Walgreens Pharmacy Roseburg, Oregon · York Stock Exchange (NYSE:WAG), Walgreens operates 7,714 stores in all 50 states, the District of Columbia and Puerto Rico. Walgreens is widely

Walgreens Pharmacy

Roseburg, Oregon

DeerfieldPartnersJohn GiordaniArt Griffith(415)685-3035

[email protected]

Rendering

Page 6: Walgreens Pharmacy Roseburg, Oregon · York Stock Exchange (NYSE:WAG), Walgreens operates 7,714 stores in all 50 states, the District of Columbia and Puerto Rico. Walgreens is widely

Walgreens Pharmacy

Roseburg, Oregon

DeerfieldPartnersJohn GiordaniArt Griffith(415)685-3035

[email protected]

SitePlan

Page 7: Walgreens Pharmacy Roseburg, Oregon · York Stock Exchange (NYSE:WAG), Walgreens operates 7,714 stores in all 50 states, the District of Columbia and Puerto Rico. Walgreens is widely

Walgreens Pharmacy

Roseburg, Oregon

DeerfieldPartnersJohn GiordaniArt Griffith(415)685-3035

[email protected]

AboutWalgreens

Financials(inMillionsofUSD)

Walgreensisthe#1pharmacyinAmericabyanymeasure.Foundedin1901,andtradedontheNewYorkStockExchange(NYSE:WAG),Walgreensoperates7,714storesinall50states,theDistrictofColumbiaandPuertoRico.Walgreensiswidelyregardedasthesafest,mostsecuresingle-tenantNNNleasedinvestmentpropertybecauseofitsstrongbalancesheetandmarketcapitalization.

ForthefiscalyearendedAugust31,2010:

• Grossrevenuewas$67.42Billion

• Netprofitwas$2.09Billion

• Networthwas$14.4Billion

IncomeStatementTotalRevenueGrossProfitOperatingIncomeNetIncome

63,335.0017,613.003,247.002,006.00

67,420.0018,976.003,458.002,091.00

59,034.0016,643.003,441.002,157.00

Fiscal2010 Fiscal2009 Fiscal2008

BalanceSheetTotalCurrentAssetsTotalAssetsTotalCurrentLiabilitiesTotalLiabilitiesTotalEquity

12,049.0025,142.006,769.0010,766.0014,376.00

11,922.0026,275.007,433.0011,875.0014,400.00

10,433.0022,410.006,644.009,541.0012,869.00

CashFlowNetIncome/StatingLineCashfromOperatingActivitesCashfromInvestingActivitiesCashfromFinancialActivitiesNetChangeinCash

2,006.004,111.00-2,776.00309.00

1,644.00

2,091.003,744.00-1,274.00-2,677.00-207.00

2,157.003,039.00-2,818.00-33.00188.00

Page 8: Walgreens Pharmacy Roseburg, Oregon · York Stock Exchange (NYSE:WAG), Walgreens operates 7,714 stores in all 50 states, the District of Columbia and Puerto Rico. Walgreens is widely

Walgreens Pharmacy

Roseburg, Oregon

DeerfieldPartnersJohn GiordaniArt Griffith(415)685-3035

[email protected]

AboutWalgreens

Foundedin1901,Walgreensprovidesthemostconvenientaccesstoconsumergoodsandservices,andpharmacy,healthandwellnessservices,inAmerica.Thecompanyhasrecorded34consecutiveyearsofrecordsalesandearnings,atrackrecordmatchedbyonlyoneotherFortune500company.

Walgreensistakingstepstoensurethecompany’scontinuedsuccessinthefaceofaweakeningeconomy.Theyaretrans-formingintoamoreefficientandcustomer-focusedcompany,bothfordrugstorecustomersandforpatientsandpayorsseekingqualitypharmacy,healthandwellnessservicesthatareaccessibleandaffordable.

ManagingthroughdifficulteconomictimesTheyarecurrentlyconductingacompany-wideinitiativetoaligntheircosts,cultureandcapabilitiestoourstrategyandtotherealitiesofthecurrenteconomicenvironment.Theyaretargetingapproximately$1billioninannualcostreductionsby2011throughmoreefficientprocesses,strategicsourcingandplanstoreducecorporateoverheadandworkthroughoutourstores.

Inthepharmacy,theyareworkingtofillprescriptionsmoreefficiently.They’reintheearlystagesofrollingoutanewinitiativetotransform–andadvance–thepracticeofcommunitypharmacy.Currently,they’vefocusedontheirFloridastoreswherethey’vemovedtaskssuchasphonecalls,prescriptiondataentryandinsuranceverificationfromindividualstorestomoreefficientcentralprocessingfacilities.

AdjustingourorganicstoregrowthWalgreensremainsamongthefastestgrowingretailersinthecountry,evenwiththeirplannedslowdownoforganicgrowthfromthecurrent9percentratetoarateofbetween2.5and3percentby2011.Slowergrowthofferstwobigpositives:first,moretimetodeveloptheirmanagementranksandfocusonimprovingthecustomerexperience;andsecond,greaterflex-ibilitytoinvestinopportunitiesthatwillstrengthentheircoreretailbaseanddeliverattractivereturnstotheirshareholders.

GrowingourhealthclinicsandspecialtypharmacybusinessThey’regrowingtheirhealthclinicsandspecialtypharmacybusinesstocomplementtheirdrugstores.Theynowoperatemorethan680healthandwellnessclinicsintheirstoresandonemployerworksites.Sinceacquiringtwoworksitehealthcentercompanieslastspring,they’veintegratedtheseservicesintotheirnewHealthandWellnessdivision,whichplanstoexpandto800sitesbytheendoffiscal2009.Theirhealthcentersonornearemployercampusesofferdiverseservicesincludingprimaryandacutecare;wellness,pharmacyanddiseasemanagementservices;andhealthandfitnessprogram-ming.Employersrecognizethesignificantvalueandcostsavingsthesecenterscanprovide.

Boththeirretailhealthclinicsandworksitefacilitieswillpositionthemasoneofthenation’sforemostprovidersofhealthandwellnessservices.TheyarehighlycomplementarytotheirretailpharmaciesandincreaseawarenessoftheirWalgreensbrand.

Page 9: Walgreens Pharmacy Roseburg, Oregon · York Stock Exchange (NYSE:WAG), Walgreens operates 7,714 stores in all 50 states, the District of Columbia and Puerto Rico. Walgreens is widely

Walgreens Pharmacy

Roseburg, Oregon

DeerfieldPartnersJohn GiordaniArt Griffith(415)685-3035

[email protected]

Rankings&Ratings

FortunemagazineAmerica’sMostAdmiredCompaniespublishedMarch17,2008Walgreensrankedfifthamongfoodanddrugstoresandislistedforthe15thconsecutiveyear.

FortunemagazineGlobalMostAdmiredCompaniespublishedMarch17,2008WalgreensrankedseventhamongfoodanddrugstoresandNo.36amongthe50mostadmiredcompanies.

Fortunemagazine500LargestU.S.-BasedCompaniespublishedMay5,2008Walgreensranked40thoverallinrevenue,thirdamongfoodanddrugstores.

Fortunemagazine40BestStocksToRetireOnpublishedJune23,2008WalgreensmadethelistofrecommendedBargainGrowthstocks.

FortunemagazineGlobal500LargestCompaniespublishedJuly21,2008Walgreensranked125thoverallinrevenue.

ForbesPlatinum400ListpublishedJanuary12,2009WalgreensagainmadethislistofthebestperformingbigcompaniesintheUnitedStates

ForbesGlobal2000publishedApril21,2008Walgreensranked250thonthislistofthe2000largestpubliccompaniesworldwide.

Moody’sWalgreenscurrentratingisA2.

StandardandPoor’sWalgreenscurrentratingisA.

Page 10: Walgreens Pharmacy Roseburg, Oregon · York Stock Exchange (NYSE:WAG), Walgreens operates 7,714 stores in all 50 states, the District of Columbia and Puerto Rico. Walgreens is widely

Walgreens Pharmacy

Roseburg, Oregon

DeerfieldPartnersJohn GiordaniArt Griffith(415)685-3035

[email protected]

StoresNationwide

TotalDrugstores-7,714TotalLocations-8,171*

Through May 31, 2011Includes all 50 states, the District of Columbia and Puerto Rico

Alabama

Alaska

Arizona

Arkansas

California

Colorado

Connecticut

Delaware

Florida

Georgia

Hawaii

Idaho

Illinois

Indiana

Iowa

Kansas

Kentucky

Louisiana

96

4

247

60

595

157

90

64

840

194

11

39

575

200

68

67

94

144

Maine

Maryland

Massachusetts

Michigan

Minnesota

Mississippi

Missouri

Montana

Nebraska

Nevada

NewHampshire

NewJersey

NewMexico

NewYork

NorthCarolina

NorthDakota

Ohio

13

56

162

224

147

67

195

11

56

78

30

173

64

468

181

1

253

Oklahoma

Oregon

Pennsylvania

RhodeIsland

SouthCarolina

SouthDakota

Tennessee

Texas

Utah

Vermont

Virginia

Washington

WestVirginia

Wisconsin

Wyoming

PuertoRico

WashingtonD.C.

100

65

116

26

105

14

249

668

43

3

123

123

15

222

9

108

1

*Inadditiontoitsdrugstores,Walgreensalsooperatesworksitehealthcenters,homecarefacilitiesandspecialty,institutionalandmailservicephar-

macies.ItsTakeCareHealthSystemssubsidiarymanagesmorethan700convenientcareclinicsatWalgreensdrugstoresandhealthandwellness

centersonthecampusesoflargeemployers.

Page 11: Walgreens Pharmacy Roseburg, Oregon · York Stock Exchange (NYSE:WAG), Walgreens operates 7,714 stores in all 50 states, the District of Columbia and Puerto Rico. Walgreens is widely

Walgreens Pharmacy

Roseburg, Oregon

DeerfieldPartnersJohn GiordaniArt Griffith(415)685-3035

[email protected]

Sales&Earnings

Walgreenshasrecorded34consecutiveyearsofrecordsalesandearnings.

FiscalYearEndedAug.31

FiscalYear

FiscalYearEndedAug.31

200920082007200620052004

NewStoresAcquisitionsClosings

NetStoreOpeningsTotalStores

200920082007200620052004

SalesinBillions

20082009

EarningsPerShare

$63.3$59.0$53.8$47.4$42.2$37.5

60289129562

7,496

60842394937

6,934

$2.02$2.17$2.03$1.72$1.52$1.31

PercentIncrease

2007

PercentIncrease

7.3%9.8%13.4%12.3%12.5%14.3%

50112085536

5,997

-6.9%6.9%18.0%13.2%16.0%15.8%

EarningsinBillions

2006

$2.01$2.16$2.04$1.75$1.56$1.35

4759594476

5,461

PercentIncrease

2005 2004

-7.0%5.7%16.6%12.3%15.5%15.7%

436468372

4,985

4291482361

4,613

Page 12: Walgreens Pharmacy Roseburg, Oregon · York Stock Exchange (NYSE:WAG), Walgreens operates 7,714 stores in all 50 states, the District of Columbia and Puerto Rico. Walgreens is widely

Walgreens Pharmacy

Roseburg, Oregon

DeerfieldPartnersJohn GiordaniArt Griffith(415)685-3035

[email protected]

DrugstoreCount

Revenue

NetIncome

Copyright 2010 Walgreen Co.

C 2011 Walgreen Co. 3

Drugstore CountIncluding Acquired Stores

0

2,000

4,000

6,000

8,000

Dru

gsto

re C

ount

0%

2%

4%

6%

8%

10%

12%

YOY

% G

row

th

New Stores 355 360 344 355 371 465 470 558 554 565

Square Footage (000's) 38,200 42,700 46,700 50,900 55,400 60,600 66,200 73,000 79,000 84,000

YOY % Grow th 13.4% 11.8% 9.4% 9.0% 8.8% 9.4% 9.2% 10.3% 8.2% 6.3%

Drugstores 3,520 3,880 4,224 4,579 4,950 5,415 5,885 6,443 6,997 7,562

YOY % Grow th 11.2% 10.2% 8.9% 8.4% 8.1% 9.4% 8.7% 9.5% 8.6% 8.1%

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Copyright 2010 Walgreen Co.

C 2011 Walgreen Co. 5

Revenue

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

Rev

enue

($ in

Milli

ons)

0%

5%

10%

15%

20%

YOY

% G

row

th

Revenue 24,623 28,681 32,505 37,508 42,202 47,409 53,762 59,034 63,335 67,420

YOY % Grow th 16.1% 16.5% 13.3% 15.4% 12.5% 12.3% 13.4% 9.8% 7.3% 6.4%

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Copyright 2010 Walgreen Co.

C 2011 Walgreen Co. 10

Net Income

0

500

1,000

1,500

2,000

2,500

Net

Inco

me

($ in

Milli

ons)

-10%

-5%

0%

5%

10%

15%

20%

YOY

% G

row

th

Net Profit Margin 3.6% 3.5% 3.6% 3.6% 3.7% 3.7% 3.8% 3.7% 3.2% 3.1%

Operating Margin 5.7% 5.6% 5.7% 5.7% 5.7% 5.7% 5.9% 5.8% 5.1% 5.1%

Net Income 875 1,008 1,165 1,350 1,560 1,751 2,041 2,157 2,006 2,091

YOY % Grow th 14.2% 15.2% 15.6% 15.9% 15.5% 12.3% 16.6% 5.7% -7.0% 4.2%

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Page 13: Walgreens Pharmacy Roseburg, Oregon · York Stock Exchange (NYSE:WAG), Walgreens operates 7,714 stores in all 50 states, the District of Columbia and Puerto Rico. Walgreens is widely

Walgreens Pharmacy

Roseburg, Oregon

DeerfieldPartnersJohn GiordaniArt Griffith(415)685-3035

[email protected]

Demographics-1MileRadius

Demographic and Income ProfileNW Stewart Pkwy & NW Garden Valley Blvd, Roseburg, OR Prepared by John GiordaniDeerfield PartnersRing: 1 mile radius Latitude: 43.23179

Longitude: -123.37317

AreaStateUSA

Trends 2010-2015

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

20102015

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

16

14

12

10

8

6

4

2

0

2010 Household Income

$200K+1.3%

$150K - $199K1.7%

$100K - $149K12.9%

$75K - $99K14.5%

$50K - $74K19.1%

$35K - $49K16.3%

$25K - $34K10.4%

$15K - $24K12.5%

< $15K11.4%

2010 Population by Race

White Black Am. Ind. Asian Pacific Other Two+

Perc

ent

90

80

70

60

50

40

30

20

10

0

2010 Percent Hispanic Origin: 3.6%

January 24, 2011

©2010 ESRI Page 2 of 6

Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. ESRI forecasts for 2010 and 2015.

Page 14: Walgreens Pharmacy Roseburg, Oregon · York Stock Exchange (NYSE:WAG), Walgreens operates 7,714 stores in all 50 states, the District of Columbia and Puerto Rico. Walgreens is widely

Walgreens Pharmacy

Roseburg, Oregon

DeerfieldPartnersJohn GiordaniArt Griffith(415)685-3035

[email protected]

Demographics-1MileRadius

Demographic and Income ProfileNW Stewart Pkwy & NW Garden Valley Blvd, Roseburg, OR Prepared by John GiordaniDeerfield PartnersRing: 1 mile radius Latitude: 43.23179

Longitude: -123.37317

Summary 2000 2010 2015Population 4,807 5,214 5,342Households 1,979 2,156 2,208Families 1,333 1,436 1,460Average Household Size 2.29 2.29 2.29Owner Occupied Housing Units 1,412 1,559 1,600Renter Occupied Housing Units 567 597 608Median Age 46.2 50.5 52.4

Trends: 2010 - 2015 Annual Rate Area State NationalPopulation 0.49% 1.03% 0.76%Households 0.48% 1.05% 0.78%Families 0.33% 0.86% 0.64%Owner HHs 0.52% 1.06% 0.82%Median Household Income 3.60% 2.82% 2.36%

2000 2010 2015 Households by Income Number Percent Number Percent Number Percent

<$15,000 306 15.5% 245 11.4% 204 9.2%$15,000 - $24,999 314 15.9% 269 12.5% 228 10.3%$25,000 - $34,999 236 12.0% 224 10.4% 194 8.8%$35,000 - $49,999 348 17.6% 352 16.3% 323 14.6%$50,000 - $74,999 350 17.7% 411 19.1% 416 18.8%$75,000 - $99,999 237 12.0% 313 14.5% 342 15.5%$100,000 - $149,999 139 7.0% 279 12.9% 413 18.7%$150,000 - $199,999 14 0.7% 36 1.7% 51 2.3%$200,000+ 30 1.5% 28 1.3% 37 1.7%

Median Household Income $39,636 $49,361 $58,916Average Household Income $49,607 $60,572 $68,760Per Capita Income $20,418 $25,606 $28,987

2000 2010 2015 Population by Age Number Percent Number Percent Number Percent

0 - 4 198 4.1% 215 4.1% 212 4.0%5 - 9 270 5.6% 223 4.3% 225 4.2%10 - 14 320 6.7% 245 4.7% 251 4.7%15 - 19 339 7.1% 306 5.9% 253 4.7%20 - 24 147 3.1% 248 4.8% 240 4.5%25 - 34 378 7.9% 436 8.4% 553 10.4%35 - 44 661 13.8% 494 9.5% 450 8.4%45 - 54 719 15.0% 825 15.8% 698 13.1%55 - 64 498 10.4% 833 16.0% 905 16.9%65 - 74 543 11.3% 583 11.2% 762 14.3%75 - 84 538 11.2% 533 10.2% 512 9.6%85+ 197 4.1% 273 5.2% 279 5.2%

2000 2010 2015 Race and Ethnicity Number Percent Number Percent Number Percent

White Alone 4,510 93.8% 4,792 91.9% 4,858 91.0%Black Alone 10 0.2% 20 0.4% 24 0.4%American Indian Alone 42 0.9% 50 1.0% 51 1.0%Asian Alone 57 1.2% 92 1.8% 112 2.1%Pacific Islander Alone 3 0.1% 5 0.1% 5 0.1%Some Other Race Alone 50 1.0% 74 1.4% 87 1.6%Two or More Races 135 2.8% 181 3.5% 204 3.8%Hispanic Origin (Any Race) 124 2.6% 186 3.6% 219 4.1%

Data Note: Income is expressed in current dollars

January 24, 2011

©2010 ESRI Page 1 of 6

Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. ESRI forecasts for 2010 and 2015.

Page 15: Walgreens Pharmacy Roseburg, Oregon · York Stock Exchange (NYSE:WAG), Walgreens operates 7,714 stores in all 50 states, the District of Columbia and Puerto Rico. Walgreens is widely

Walgreens Pharmacy

Roseburg, Oregon

DeerfieldPartnersJohn GiordaniArt Griffith(415)685-3035

[email protected]

Demographics-3MileRadius

Demographic and Income ProfileNW Stewart Pkwy & NW Garden Valley Blvd, Roseburg, OR Prepared by John GiordaniDeerfield PartnersRing: 3 miles radius Latitude: 43.23179

Longitude: -123.37317

AreaStateUSA

Trends 2010-2015

Population Households Families Owner HHs Median HH Income

Annual

Rat

e (i

n p

erce

nt)

32.82.62.42.2

21.81.61.41.2

10.80.60.40.2

0

20102015

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

1514131211109876543210

2010 Household Income

$200K+1.2%

$150K - $199K1.4%

$100K - $149K6.8%

$75K - $99K12.9%

$50K - $74K18.9%

$35K - $49K17.4%

$25K - $34K12.0%

$15K - $24K14.2%

< $15K15.2%

2010 Population by Race

White Black Am. Ind. Asian Pacific Other Two+

Perc

ent

90

80

70

60

50

40

30

20

10

0

2010 Percent Hispanic Origin: 4.9%

January 24, 2011

©2010 ESRI Page 4 of 6

Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. ESRI forecasts for 2010 and 2015.

Page 16: Walgreens Pharmacy Roseburg, Oregon · York Stock Exchange (NYSE:WAG), Walgreens operates 7,714 stores in all 50 states, the District of Columbia and Puerto Rico. Walgreens is widely

Walgreens Pharmacy

Roseburg, Oregon

DeerfieldPartnersJohn GiordaniArt Griffith(415)685-3035

[email protected]

Demographics-3MileRadius

Demographic and Income ProfileNW Stewart Pkwy & NW Garden Valley Blvd, Roseburg, OR Prepared by John GiordaniDeerfield PartnersRing: 3 miles radius Latitude: 43.23179

Longitude: -123.37317

Summary 2000 2010 2015Population 24,923 26,035 26,318Households 10,411 10,904 11,028Families 6,584 6,784 6,792Average Household Size 2.30 2.30 2.30Owner Occupied Housing Units 6,377 6,788 6,888Renter Occupied Housing Units 4,034 4,116 4,140Median Age 40.7 43.9 44.8

Trends: 2010 - 2015 Annual Rate Area State NationalPopulation 0.22% 1.03% 0.76%Households 0.23% 1.05% 0.78%Families 0.02% 0.86% 0.64%Owner HHs 0.29% 1.06% 0.82%Median Household Income 3.03% 2.82% 2.36%

2000 2010 2015 Households by Income Number Percent Number Percent Number Percent

<$15,000 2,245 21.3% 1,656 15.2% 1,394 12.6%$15,000 - $24,999 1,886 17.9% 1,551 14.2% 1,370 12.4%$25,000 - $34,999 1,619 15.4% 1,310 12.0% 1,077 9.8%$35,000 - $49,999 1,706 16.2% 1,894 17.4% 1,889 17.1%$50,000 - $74,999 1,717 16.3% 2,063 18.9% 2,179 19.8%$75,000 - $99,999 794 7.5% 1,407 12.9% 1,594 14.5%$100,000 - $149,999 386 3.7% 745 6.8% 1,134 10.3%$150,000 - $199,999 88 0.8% 152 1.4% 222 2.0%$200,000+ 88 0.8% 126 1.2% 170 1.5%

Median Household Income $31,809 $40,964 $47,565Average Household Income $40,960 $51,836 $58,537Per Capita Income $17,616 $22,294 $25,185

2000 2010 2015 Population by Age Number Percent Number Percent Number Percent

0 - 4 1,423 5.7% 1,468 5.6% 1,445 5.5%5 - 9 1,500 6.0% 1,415 5.4% 1,397 5.3%10 - 14 1,607 6.4% 1,406 5.4% 1,443 5.5%15 - 19 1,752 7.0% 1,513 5.8% 1,391 5.3%20 - 24 1,434 5.8% 1,464 5.6% 1,389 5.3%25 - 34 2,780 11.2% 3,146 12.1% 3,175 12.1%35 - 44 3,545 14.2% 2,933 11.3% 2,971 11.3%45 - 54 3,560 14.3% 3,787 14.5% 3,307 12.6%55 - 64 2,347 9.4% 3,722 14.3% 3,962 15.1%65 - 74 2,279 9.1% 2,377 9.1% 3,104 11.8%75 - 84 1,968 7.9% 1,850 7.1% 1,794 6.8%85+ 728 2.9% 954 3.7% 941 3.6%

2000 2010 2015 Race and Ethnicity Number Percent Number Percent Number Percent

White Alone 23,324 93.6% 23,882 91.7% 23,900 90.8%Black Alone 70 0.3% 138 0.5% 161 0.6%American Indian Alone 311 1.2% 358 1.4% 369 1.4%Asian Alone 238 1.0% 358 1.4% 428 1.6%Pacific Islander Alone 25 0.1% 34 0.1% 34 0.1%Some Other Race Alone 311 1.2% 445 1.7% 514 2.0%Two or More Races 644 2.6% 820 3.1% 910 3.5%Hispanic Origin (Any Race) 889 3.6% 1,284 4.9% 1,493 5.7%

Data Note: Income is expressed in current dollars

January 24, 2011

©2010 ESRI Page 3 of 6

Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. ESRI forecasts for 2010 and 2015.

Page 17: Walgreens Pharmacy Roseburg, Oregon · York Stock Exchange (NYSE:WAG), Walgreens operates 7,714 stores in all 50 states, the District of Columbia and Puerto Rico. Walgreens is widely

Walgreens Pharmacy

Roseburg, Oregon

DeerfieldPartnersJohn GiordaniArt Griffith(415)685-3035

[email protected]

Demographics-5MileRadius

Demographic and Income ProfileNW Stewart Pkwy & NW Garden Valley Blvd, Roseburg, OR Prepared by John GiordaniDeerfield PartnersRing: 5 miles radius Latitude: 43.23179

Longitude: -123.37317

AreaStateUSA

Trends 2010-2015

Population Households Families Owner HHs Median HH Income

Annual

Rat

e (i

n p

erce

nt)

32.82.62.42.2

21.81.61.41.2

10.80.60.40.2

0

20102015

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

1514131211109876543210

2010 Household Income

$200K+1.2%

$150K - $199K1.5%

$100K - $149K6.9%

$75K - $99K13.0%

$50K - $74K19.9%

$35K - $49K17.9%

$25K - $34K12.3% $15K - $24K

13.4%

< $15K14.0%

2010 Population by Race

White Black Am. Ind. Asian Pacific Other Two+

Perc

ent

90

80

70

60

50

40

30

20

10

0

2010 Percent Hispanic Origin: 4.9%

January 24, 2011

©2010 ESRI Page 6 of 6

Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. ESRI forecasts for 2010 and 2015.

Page 18: Walgreens Pharmacy Roseburg, Oregon · York Stock Exchange (NYSE:WAG), Walgreens operates 7,714 stores in all 50 states, the District of Columbia and Puerto Rico. Walgreens is widely

Walgreens Pharmacy

Roseburg, Oregon

DeerfieldPartnersJohn GiordaniArt Griffith(415)685-3035

[email protected]

Demographics-5MileRadius

Demographic and Income ProfileNW Stewart Pkwy & NW Garden Valley Blvd, Roseburg, OR Prepared by John GiordaniDeerfield PartnersRing: 5 miles radius Latitude: 43.23179

Longitude: -123.37317

Summary 2000 2010 2015Population 31,427 33,395 33,897Households 12,924 13,759 13,974Families 8,463 8,895 8,953Average Household Size 2.35 2.35 2.35Owner Occupied Housing Units 8,380 9,051 9,227Renter Occupied Housing Units 4,544 4,707 4,747Median Age 41.0 43.9 44.7

Trends: 2010 - 2015 Annual Rate Area State NationalPopulation 0.30% 1.03% 0.76%Households 0.31% 1.05% 0.78%Families 0.13% 0.86% 0.64%Owner HHs 0.39% 1.06% 0.82%Median Household Income 3.02% 2.82% 2.36%

2000 2010 2015 Households by Income Number Percent Number Percent Number Percent

<$15,000 2,558 19.7% 1,921 14.0% 1,612 11.5%$15,000 - $24,999 2,224 17.2% 1,848 13.4% 1,626 11.6%$25,000 - $34,999 2,041 15.7% 1,692 12.3% 1,381 9.9%$35,000 - $49,999 2,133 16.5% 2,462 17.9% 2,457 17.6%$50,000 - $74,999 2,275 17.5% 2,736 19.9% 2,898 20.7%$75,000 - $99,999 1,024 7.9% 1,788 13.0% 2,032 14.5%$100,000 - $149,999 479 3.7% 944 6.9% 1,450 10.4%$150,000 - $199,999 118 0.9% 206 1.5% 300 2.1%$200,000+ 114 0.9% 164 1.2% 218 1.6%

Median Household Income $33,237 $42,421 $49,237Average Household Income $42,573 $53,175 $59,896Per Capita Income $17,946 $22,485 $25,335

2000 2010 2015 Population by Age Number Percent Number Percent Number Percent

0 - 4 1,788 5.7% 1,881 5.6% 1,872 5.5%5 - 9 1,922 6.1% 1,849 5.5% 1,839 5.4%10 - 14 2,062 6.6% 1,877 5.6% 1,933 5.7%15 - 19 2,187 7.0% 1,976 5.9% 1,848 5.5%20 - 24 1,764 5.6% 1,798 5.4% 1,744 5.1%25 - 34 3,433 10.9% 3,948 11.8% 3,924 11.6%35 - 44 4,452 14.2% 3,807 11.4% 3,918 11.6%45 - 54 4,606 14.7% 4,879 14.6% 4,299 12.7%55 - 64 3,123 9.9% 4,885 14.6% 5,178 15.3%65 - 74 2,875 9.1% 3,106 9.3% 4,004 11.8%75 - 84 2,365 7.5% 2,259 6.8% 2,227 6.6%85+ 848 2.7% 1,127 3.4% 1,111 3.3%

2000 2010 2015 Race and Ethnicity Number Percent Number Percent Number Percent

White Alone 29,485 93.8% 30,735 92.0% 30,892 91.1%Black Alone 82 0.3% 165 0.5% 194 0.6%American Indian Alone 372 1.2% 434 1.3% 452 1.3%Asian Alone 284 0.9% 429 1.3% 513 1.5%Pacific Islander Alone 31 0.1% 44 0.1% 47 0.1%Some Other Race Alone 379 1.2% 563 1.7% 658 1.9%Two or More Races 792 2.5% 1,026 3.1% 1,141 3.4%Hispanic Origin (Any Race) 1,110 3.5% 1,645 4.9% 1,927 5.7%

Data Note: Income is expressed in current dollars

January 24, 2011

©2010 ESRI Page 5 of 6

Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. ESRI forecasts for 2010 and 2015.