ATTLEBORO, MA
Walgreens
OFFERING MEMORANDUM
CONFIDENTIALITY AND DISCLAIMER
The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.
ATTLEBORO, MA
Walgreens
Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOURMARCUS & MILLICHAP AGENT FOR MORE DETAILS.
NON-ENDORSEMENT NOTICE
NET LEASED DISCLAIMER
WalgreensATTLEBORO, MA
Marcus & Millichap hereby advises all prospective purchasers of Net Leased property as follows:
The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Marcus & Millichap has not and will not verify any of this information, nor has Marcus & Millichap conducted any investigation regarding these matters. Marcus & Millichap makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided.
As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. Marcus & Millichap expressly denies any obligation to conduct a due diligence examination of this Property for Buyer.
Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a net leased property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors.
Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any net leased property to determine to your satisfaction with the suitability of the property for your needs.
Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property.
By accepting this Marketing Brochure you agree to release Marcus & Millichap Real Estate Investment Services and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this net leased property.
Section 1 PRICING AND FINANCIAL ANALYSIS
Section 2 PROPERTY DESCRIPTION
Section 3 DEMOGRAPHIC ANALYSIS
TABLE OF CONTENTS
Walgreens
WalgreensATTLEBORO, MA
PRICING AND FINANCIAL ANALYSIS
1
PRICING AND FINANCIAL ANALYSIS
WalgreensATTLEBORO, MA
Existing Financing
Loan Type Free and Clear
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap. Allrights reserved.
FINANCING
Annualized Operating Data
196 Pleasant StreetAttleboro, MA 02703
Price $4,700,000
Down Payment 100% / $4,700,000
Rentable Square Feet 14,132
Price/SF $332.58
CAP Rate 5.00%
Year Built 1994
Lot Size +/- 1.96 Acres
Type of Ownership Fee Simple
Location
Rent Increases Annual Rent Monthly Rent
4/1/15 - 3/31/20 $234,969.96 $19,580.83
4/1/20 - 3/31/25 $244,970.04 $20,414.17
4/1/25 - 3/31/30 $283,000.00 $23,583.33
Option Period
4/1/30 - 3/31/55 $295,000.00 $24,583.33
Base Rent ($16.63/SF) $234,970
Net Operating Income $234,970
Total Return 5.00% / $234,970
2
Tenant Trade Name Walgreens
Ownership Public
Tenant Corporate Store
Lease Guarantor Corporate Guarantee
Lease Type Double Net
Roof and Structure Landlord Responsible
Lease Term 15 Years
Lease Commencement Date April 1, 1994
Rent Commencement Date April 1, 1994
Lease Expiration Date March 31, 2030
Term Remaining on Lease 14 Years
Increases Every Five Years in Base
Options None
PRICING AND FINANCIAL ANALYSIS
WalgreensATTLEBORO, MA
Tenant Summary
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap. Allrights reserved.
FINANCIAL OVERVIEW
NOTE: Landlord is responsible for roof and parking lot.
3
PRICING AND FINANCIAL ANALYSIS
WalgreensATTLEBORO, MA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap. Allrights reserved.
Property Name Walgreens
Property Address 196 Pleasant Street
Attleboro, MA 02703
Property Type Net Leased Drug Store
Rentable Square Feet 14,132
Tenant Trade Name Walgreens
Ownership Public
Tenant Corporate Store
Sales Volume $76.4 Billion (2014) - 15% Increase in Annual Profit
Net Worth $3.5 Billion (2014)
Lease Guarantor Corporate Guarantee
Credit Rating BBB
Valueline Financial Strength Stable
Rating Agency Standard & Poor's
Stock Symbol WAG
Board NYSE
Rank #35 in Fortune 500
Lease Commencement Date April 1, 1994
Rent Commencement Date April 1, 1994
Lease Expiration Date March 31, 2030
Term Remaining on Lease 14 Years
Lease Type Double Net
Roof and Structure Landlord Responsible
Lease Term 15 Years
Increases Every Five Years in Base
Options to Renew None
Options to Terminate None
Options to Purchase None
First Right of Refusal None
No. of Locations 8,200+
Headquartered Deerfield, IL
Web Site www.walgreens.com
Years in the Business 114
Other Concepts Owned Alliance Boots & Subsidiaries
TENANT OVERVIEW
Walgreen's prescription for world domination relies on acquisitions at home and abroad. The nation's #1 drugstore chain operates some 8,300
mostly freestanding Walgreens stores in all 50 US states, the District of Columbia, the Virgin Islands, and Puerto Rico. Prescription drugs account
for about two-thirds of sales; the rest comes from general merchandise, over-the-counter medications, cosmetics, and groceries. Most Walgreens
stores offer drive-through pharmacies and one-hour photo processing. After years of at-home acquisitions and nibbles in Europe, in 2014 the
company fully acquired the Swiss-based Alliance Boots to form Walgreens Boots Alliance, of which it is a subsidiary.
WalgreensATTLEBORO, MA
PROPERTY DESCRIPTION
Marcus & Millichap is pleased to present this 14,132 square foot Walgreens pharmacy located in Attleboro, Massachusetts. Walgreens has operated at the location since 1994 and has shown commitment to the site by signing a new 15 year double net 'NN' lease in 2015. There are 14 years remaining in the base term, which features a four percent escalation in rent in 2020 and 15.5 percent escalation in 2025. The lease features 25 years of options and is guaranteed by Walgreen Co., the nation's largest drugstore chain.
Walgreens is well located on the signalized hard corner intersection of Pleasant Street and Starkey Ave. The location features multiple points of ingress and egress and is located across the street from a Super Stop & Shop with Bank of America and McDonald's as pad tenants. Other major tenants in the vicinity include CVS, Dunkin' Donuts, Dollar Tree, KFC, AutoZone and Subway.
At less than one mile away, Walgreens is the closest pharmacy to Sturdy Memorial Hospital. Sturdy Memorial Hospital is a general medical and surgical hospital in Attleboro, MA, with 128 beds. Survey data for the latest year available shows that 50,807 patients visited the hospital's emergency room. The hospital had a total of 5,951 admissions. Its physicians performed 1,948 inpatient and 7,745 outpatient surgeries.
Investment Highlights
■ 14,132 Square Foot Walgreens in Attleboro, MA | 12 MilesNortheast of Providence, RI
■ 14 Years Remaining on a Double Net NN Lease | Escalationsin Rent Every Five Years of Base Term
■ Commitment to Location | Walgreens has Operated HereSince 1994 | Recently Negotiated a New 15 Year Lease Term
■ Closest Pharmacy to Sturdy Memorial Hospital, a 128 BedFacility | Less Than One Mile Away
■ Signalized Hard Corner Location With Multiple Points ofIngress/Egress
■ Strong Demographics in the Five-Mile Radius Surroundingthe Asset: Over 89,000 Residents and an Average HouseholdIncome of $93,000
■ Corporate Guarantee - Standard & Poor's Rated InvestmentGrade BBB Credit Tenant
■ Major Tenants in the Vicinity Include Stop & Shop, Bank ofAmerica, CVS, McDonald's, Dunkin' Donuts, Dollar Tree,KFC, AutoZone and More
5
PROPERTY DESCRIPTION
WalgreensATTLEBORO, MA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap. Allrights reserved.
INVESTMENT OVERVIEW
Walgreen's prescription for world domination of the drugstore industry relies on acquisitions at home and abroad. The nation's #1 drugstore chain operates more than 8,000 mostly freestanding Walgreens stores in all 50 US states, the District of Columbia, and Puerto Rico. Prescription drugs account for about two-thirds of sales; the rest comes from general merchandise, over-the-counter medications, cosmetics, and groceries. Most Walgreens stores offer drive-through pharmacies and one-hour photo processing. In a strategic shift, Walgreen has become increasingly acquisitive. Having blanketed the US with its drugstores, ubiquitous Walgreen is now looking to Europe and fill-in acquisitions at home for growth.
General merchandise includes, among other things, household items, convenience and fresh foods, personal care, beauty care, photofinishing and candy. Prescription drugs represent the Company’s largest product class, followed by general merchandise and non-prescription drugs. In fiscal 2013, fiscal 2012 and fiscal 2011, prescription drugs represented 63%, 63% and 65% of total sales, respectively, general merchandise represented 27%, 25% and 25% of total sales, respectively, and non-prescription drugs represented 10%, 12% and 10% of total sales, respectively. The Company offers customers the choice to have prescriptions filled at its retail pharmacies, as well as through the mail, and customers may also place orders by phone or online including through the Company’s mobile application. All Company sales during the last three fiscal years occurred within the United States, Puerto Rico and Guam. There were no export sales. At February 28, 2015, Walgreens operated 8,232 locations in 50 states, the District of Columbia, Guam and Puerto Rico.
6
PROPERTY DESCRIPTION
WalgreensATTLEBORO, MA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap. Allrights reserved.
INVESTMENT OVERVIEW
7
PROPERTY DESCRIPTION
WalgreensATTLEBORO, MA
The Offering
Property Walgreens
Property Address 196 Pleasant Street
Attleboro, MA 02703
Assessor's Parcel Number ATTL M:0058 L:0019
Zoning Commercial
Site Description
Number of Stories 1
Year Built 1994
Rentable Square Feet 14,132
Lot Size +/- 1.96 Acres
Type of Ownership Fee Simple
Parking 48 Spaces
Parking Ratio 2.56/1,000 SF
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap. Allrights reserved.
PROPERTY SUMMARY
8
PROPERTY DESCRIPTION
WalgreensATTLEBORO, MA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap. Allrights reserved.
PROPERTY PHOTOS
9
PROPERTY DESCRIPTION
WalgreensATTLEBORO, MA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap. Allrights reserved.
PROPERTY PHOTOS
10
PROPERTY DESCRIPTION
WalgreensATTLEBORO, MA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap. Allrights reserved.
PROPERTY PHOTOS
11
PROPERTY DESCRIPTION
WalgreensATTLEBORO, MA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap. Allrights reserved.
PROPERTY PHOTOS
12
PROPERTY DESCRIPTION
WalgreensATTLEBORO, MA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap. Allrights reserved.
PROPERTY PHOTOS
Local Map Regional Map
13
PROPERTY DESCRIPTION
WalgreensATTLEBORO, MA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap. Allrights reserved.
AREA MAPS
14
PROPERTY DESCRIPTION
WalgreensATTLEBORO, MA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap. Allrights reserved.
AERIAL PHOTO
15
PROPERTY DESCRIPTION
WalgreensATTLEBORO, MA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap. Allrights reserved.
AERIAL PHOTO
WalgreensATTLEBORO, MA
DEMOGRAPHIC ANALYSIS
1 Mile 3 Miles 5 Miles
2000 Population 9,208 38,815 84,046
2010 Population 9,069 39,755 87,634
2014 Population 9,076 39,883 88,124
2019 Population 9,219 40,893 90,515
2000 Households 3,578 14,541 31,224
2010 Households 3,685 15,096 33,100
2014 Households 3,687 15,145 33,285
2019 Households 3,774 15,582 34,337
2014 Average Household Size 2.40 2.59 2.60
2014 Daytime Population 6,813 15,012 32,396
2000 Owner Occupied Housing Units 39.99% 61.33% 67.05%
2000 Renter Occupied Housing Units 54.12% 35.52% 30.16%
2000 Vacant 5.89% 3.15% 2.79%
2014 Owner Occupied Housing Units 38.99% 63.82% 68.37%
2014 Renter Occupied Housing Units 61.01% 36.18% 31.63%
2014 Vacant 8.95% 5.44% 4.98%
2019 Owner Occupied Housing Units 39.08% 63.97% 68.49%
2019 Renter Occupied Housing Units 60.92% 36.03% 31.51%
2019 Vacant 9.33% 5.71% 5.23%
$ 0 - $14,999 13.1% 8.8% 7.8%
$ 15,000 - $24,999 12.0% 8.0% 7.1%
$ 25,000 - $34,999 8.4% 6.7% 6.6%
$ 35,000 - $49,999 13.3% 11.1% 10.9%
$ 50,000 - $74,999 24.6% 21.5% 20.1%
$ 75,000 - $99,999 11.1% 14.8% 15.4%
$100,000 - $124,999 8.9% 12.1% 12.5%
$125,000 - $149,999 4.0% 7.0% 7.7%
$150,000 - $199,999 2.9% 6.4% 7.2%
$200,000 - $249,999 0.7% 1.3% 1.8%
$250,000 + 1.1% 2.4% 3.0%
2014 Median Household Income $52,426 $66,419 $71,353
2014 Per Capita Income $26,239 $32,109 $34,795
2014 Average Household Income $63,433 $84,035 $91,448
Demographic data © 2012 by Experian.
17
DEMOGRAPHIC ANALYSIS
WalgreensATTLEBORO, MA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap. Allrights reserved.
DEMOGRAPHIC REPORT
Geography: 5 miles
Population
In 2014, the population in your selected geography is 88,124. The population has changed by 4.85% since 2000. It is estimated that
the population in your area will be 90,514 five years from now, which represents a change of 2.71% from the current year. The
current population is 48.75% male and 51.24% female. The median age of the population in your area is 39.8, compare this to the
Entire US average which is 37.3. The population density in your area is 1,119.86 people per square mile.
Households
There are currently 33,285 households in your selected geography. The number of households has changed by 6.60% since 2000. It
is estimated that the number of households in your area will be 34,336 five years from now, which represents a change of 3.15%
from the current year. The average household size in your area is 2.60 persons.
Income
In 2014, the median household income for your selected geography is $71,352, compare this to the Entire US average which is
currently $51,972. The median household income for your area has changed by 25.12% since 2000. It is estimated that the median
household income in your area will be $82,969 five years from now, which represents a change of 16.28% from the current year.
The current year per capita income in your area is $34,794, compare this to the Entire US average, which is $28,599. The current
year average household income in your area is $91,448, compare this to the Entire US average which is $74,533.
Race & Ethnicity
The current year racial makeup of your selected area is as follows: 89.70% White, 2.26% Black, 0.06% Native American and 4.04%
Asian/Pacific Islander. Compare these to Entire US averages which are: 71.60% White, 12.70% Black, 0.18% Native American and
5.02% Asian/Pacific Islander.
People of Hispanic origin are counted independently of race. People of Hispanic origin make up 4.56% of the current year
population in your selected area. Compare this to the Entire US average of 17.13%.
Housing
In 2000, there were 21,536 owner occupied housing units in your area and there were 9,688 renter occupied housing units in your
area. The median rent at the time was $566.
Employment
In 2014, there are 32,395 employees in your selected area, this is also known as the daytime population. The 2000 Census revealed
that 64.25% of employees are employed in white-collar occupations in this geography, and 35.78% are employed in blue-collar
occupations. In 2014, unemployment in this area is 10.42%. In 2000, the average time traveled to work was 31.8 minutes.
Demographic data © 2012 by Experian.
18
DEMOGRAPHIC ANALYSIS
WalgreensATTLEBORO, MA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap. Allrights reserved.
SUMMARY REPORT
Number of people living in a given area per square mile.
Demographic data © 2012 by Experian.
19
DEMOGRAPHIC ANALYSIS
WalgreensATTLEBORO, MA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap. Allrights reserved.
POPULATION DENSITY
The number of people employed in a given area per square mile.
Demographic data © 2012 by Experian.
20
DEMOGRAPHIC ANALYSIS
WalgreensATTLEBORO, MA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap. Allrights reserved.
EMPLOYMENT DENSITY
Average income of all the people 15 years and older occupying a
single housing unit.
Demographic data © 2012 by Experian.
21
DEMOGRAPHIC ANALYSIS
WalgreensATTLEBORO, MA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap. Allrights reserved.
AVERAGE HOUSEHOLD INCOME
Two-way, average daily traffic volumes.Traffic Count data © 2012 by TrafficMetrix. All rights reserved.
22
DEMOGRAPHIC ANALYSIS
WalgreensATTLEBORO, MA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap. Allrights reserved.
* Traffic Count Estimate
TRAFFIC COUNTS
ATTLEBORO, MA
OFFERING MEMORANDUM
Walgreens
Offices Throughout the U.S. and Canada
www.MarcusMillichap.com