Walgreens & Dollar Tree

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LTV (Loan to Value)	0.00%	Current NOI
Interest Rate	0.000%	Cap Rate	0.000%
Fixed Term	Years	Land Area
Amortization	Years	Lease Type
Loan Amount		Property Type
Payment		Property Lease
Building Size		Remaining Terms

Location Description

Oak Park is a city in south Oakland County in southeast Michigan. It is a northern suburb of the city of Detroit, which is roughly 12 miles south in neighboring Wayne County. Oak Park was once part of neighboring Royal Oak and annexed portions of Royal Oak Township as recently as 2004 to expand its land and tax base. Today the city covers 5.16 square miles sandwiched between Interstate 696 and Michigan Highway 102. As of the 2010 census, the population of Oak Park was 29,319. It is estimated to have grown nearly 1% to 29,594 between 2010 and 2012.Oak Park has a strong tradition of affordable housing, stable neighborhoods and recreational amenities. These factors, as well as its central location, have positively impacted the city as recent regional trends have negatively impacted Detroit and a majority of its metropolitan areas. In fact, rising home prices today in the northern and western suburbs of Detroit makes Oak Park attractive to young families and first time home buyers, driving population growth and business opportunities.

Highlights

Strong Performing Walgreens Location – See Agent for detailsRecent Dollar Tree Renewal – Exercised the first of 3, 5-Year renewal optionsDollar Tree Rental Escalations– Rental increases at the start of each option periodBest-in-Class Guaranty by Walgreen Co. (NASDAQ: WBA) – S&P: BBB/Stable. FY2014 revenue of $76.39 billion and net income of $2.03 billionCorporate Dollar Tree Lease – Dollar Tree, Inc. (NASDAQ: DLTR) is a Fortune 500 Company and the largest and most successful single-price-point retailer in North America. FY2014 revenue of $8.6 billion, net income of nearly $600 million and current market cap of $16.23 billionDense Suburban Market – 300+ businesses with a potential customer base of nearly 30k in Oak Park. Retail trade area contains nearly 100k employees that drives annual consumer spending of nearly $320mSuperior Visibility & Traffic Counts – Positioned on the NEC of the hard, signalized, 4-way intersection of 9 Mile Road (35,688 VPD) and Coolidge Highway (28,931 VPD)Primary Shopping Corridor – Intersection is considered Oak Park’s primary shopping corridorHighly Accessible Location – Central location between major arterials in the Detroit metropolitan areaProximity to Detroit Zoo – Less than 3 miles from the Detroit Zoo (1.2 million annual visitors)Drive-Thru PharmacyExcellent Demographics – Population of 150k+ and average HH income of $61k+ within a 3-mile radius

NNN Loans Funding

Triple-Net Lease Financing arranged by NNNLenders. Offering Triple Net NNN Property Loans.