The subject property is a well located Walgreens Drugstore in the northern Denver suburb of Thornton, Colorado. The freestanding development opened in October 1994 and is located in the Colorado Plaza (Kohl's Department Store, Wells Fargo, US Bank, Blockbuster Video &Good Time Burgers). Sharing this high traffic intersection are Thornton Plaza (Safeway, 24 Hour Fitness, Baskin Robbins, Dairy Queen, Citi Financial, McDonald’s, Starbucks & Thornton Medical Center) and Mission Trace Plaza (King Soopers, Ace Hardware, Subway, Arby’s Taco Bell, and Supercuts). The reason to buy this credit deal is because the fully liquidating debt will be paid off in six years. Please see the Amortization Schedule showing how much equity builds over the remaining primary lease term. There is an assumable first loan of $771,925 which will be paid off concurrent with the primary lease term in August 2014, at which time the cash flow will quadruple from $47,573 to $200,808.

Tenant: Walgreens Company
Walgreens is our nation’s leading drug retailer operating 5,750 stores in 48 states, with revenues nearing $53 Billion.  Walgreens sets the pace for all drugstores in the United States maintaining an A+ Credit Rating with Standard & Poors and Aa3 with Moody’s.  Walgreens leads the industry in new store development, capital investment and industry innovations.  Walgreens boasts 32 consecutive years of record sales and earnings.  The Company increased its market share in 58 of its top 60 product categories compared to food, drug and mass merchandise competitors. Prescription sales accounted for 64% of total sales in 2006. Comparable store sales increased 7.7% and Earnings increased by 12.3% during 2006.