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E X C L U S I V E LY L I S T E D I N V E S T M E N T O F F E R I N GFLORIDA INVESTMENT OPPORTUNITYTALLAHASSEE REGIONAL MALL747,000 SQUARE FEETNORTHMONROESEET RNOXNKJOHTR44,000CARSPE00017,- OADSCARPERDAYRDAY2349 NORTH MONROE STREET TALLAHASSEE, FL 32303Exclusively Listed By:In Association with:JASON STUART PONGSRIKULManaging PrincipalDirect: 619.297.0055 [email protected] DRE Lic. #01918332STEPHEN NOSTRANDONE Commercial, LLCDirect: [email protected] DRE Lic. CQ1049770Pharma Property Group 5328 Banks Street, Suite B San Diego, CA 92110 619.297.0055 www.pharmapropertygroup.com

2349 NORTH MONROE STREETTALLAHASSEE, FL 32303Property Overview2349 NORTH MONROE STREETTALLAHASSEE, FL 32303Year Built: 1995Lot Size: 68,607 Square FeetBuilding Size: 15,433 Square FeetInvestment HighlightsSTABLE INCOMESTRONG EMPLOYMENT & COLLEGE MARKETRental income is guaranteed by Walgreens parentcorporate (S&P BBB) investment grade, Fortune 500Company, with over 8,000 locations. Two miles from Florida State Capital employing23,000 administrative workers. Two miles from Florida State University withapproximately 41,000 students enrolled and 12,500staff and faculty. Four miles from Florida A & M University withapproximately 10,000 students enrolled.COMMITMENT TO LOCATIONWalgreens extended the lease in April 24, 2014 by 10years showing commitment to this location. Thereare eight years of guaranteed income before the eight(5 year) options begin on May 31st of 2025. This is adouble net lease with landlord responsible for the roofand structure. Roof was replaced in 2009 with a 15 yeartransferrable warranty.STRONG HISTORICAL SALESADJACEN TO TALLAHASSEE REGIONAL MALLThe subject property is adjacent to the 747,000 squarefoot Tallahassee Regional Mall with national anchorsand surrounding retail tenants including: Burlington Staples StarbucksCoat Factory AMC Theaters SubwayBurlington Belk Pep BoysBaby Depot Red Lobster Sprint Krispy Kreme Bank ofThe subject property has a history of strong salesbenefiting from extended hours (7 AM - Midnight), adrive-thru pharmacy open until 11 PM and sales of beerand wine. Dollar TreeLIMITED DRUGSTORE COMPETITION Barnes &There are only three other competingpharmacies in a three mile radius.national This drive thru pharmacy is located at the signalizednorth east corner of Monroe Street and John Knox Roadwith traffic counts exceeding 61,000 vehicles per day(44,000 VPD Monroe & 17,000 VPD John Knox).AmericaNoble Whataburger Arby'sRoss Dress Little Caesars IHOPPizza Chick-fil-ADunkin AutoZoneFor LessHIGHLY TRAFFICKED AREAJason Stuart Pongsrikul Pharma Property Group CA DRE Lic. 01918332Direct: 619.297.0055 x302 E [email protected] StoneCreamery DonutsStephen Nostrand ONE Commercial FL DRE Lic. CQ1049770Direct: 305-779-2430 E [email protected] 2

2349 NORTH MONROE STREETTALLAHASSEE, FL 32303Lease OverviewPricingTenant:Price: 4,472,000WALGREENS (NYSE: WAG)Landlord Income:CAP: 5.64% CAPCORPORATE GUARANTEEPrice/Square Foot: 289.76Credit Rating:Monthly Income: 21,018INVESTMENT GRADE, BBB (S&P)Annual Income: 252,225Lease Type:DOUBLE NETLandlord responsible for roof and structure.BuildingLease Term:Building Square Footage: 15,4338 YEARS REMAINING WITH EIGHT (5 YEAR)OPTIONS TO FOLLOWRent Commencement Date:MAY 27, 1995Land Square Footage: 68,607Rent/Square Foot: 16.34Year Built: 1995Next Option Begins:MAY 31, 2025Location OverviewTTALLAHASSEE, FLORIDAallahassee is the state capital ofFlorida. In 2015, the population was189,907, making it the 7th largest cityin the state of Florida, and the 126th-largestcity in the United States. The population of theSUBJECT PROPERTYTallahassee metropolitan area was 377,924 asof 2015. Tallahassee is the largest city in theNorthwest Florida region as well as the maincenter for trade and agriculture in the FloridaBig Bend and Southwest Georgia regions.Jason Stuart Pongsrikul Pharma Property Group CA DRE Lic. 01918332Direct: 619.297.0055 x302 E [email protected] Nostrand ONE Commercial FL DRE Lic. CQ1049770Direct: 305-779-2430 E [email protected] 3

2349 NORTH MONROE STREETTALLAHASSEE, FL 32303Area Description,000I 10 67DAYCARS PERSUBJECT PROPERTYTALAHASSEE MEMORIALHEALTHCARE772 BEDSFlorida State Dept.NORTH MONROECARS PER DAYSTREET 44,000FLORIDA STATEUNIVERSITY41,000 STUDENTS12,500 STAFFTALLAHASSEEFLORIDA STATECAPITALFLORIDA A & MUNIVERSITY10,000 STUDENTSCAPITAL CITYCOUNTRY CLUBAREA OVERVIEWThe subject property is surrounded by residential neighborhoods and a strong healthcare system with otheramenities including: FLORIDA STATE UNIVERSITY ( 3.1 miles south) Approximately 41,000 students enrolled and 12,500staff and faculty FLORIDA A & M UNIVERSITY (3.4 miles south) - Fourmiles from Florida A & M University with approximately10,000 students enrolled. FLORIDA STATE CAPITAL (2.7 miles south) Employs approximately 23,000 administrative workers. TALLAHASSEE MEMORIAL HEALTHCARE - (2.7 milessoutheast) 772-bed acute care hospital with over 4,400hospital employees.Jason Stuart Pongsrikul Pharma Property Group CA DRE Lic. 01918332Direct: 619.297.0055 x302 E [email protected] Nostrand ONE Commercial FL DRE Lic. CQ1049770Direct: 305-779-2430 E [email protected] 4

2349 NORTH MONROE STREETTALLAHASSEE, FL 32303Property PhotosTALLAHASSEE REGIONAL MALL747,000 SQUARE FEETNORTHMONRO0,0017D- OARNOXNKAYRDS PERACJOHESTREET 44,000CARSPERDAYTALLAHASSEEFLORIDA STATECAPITALFlorida State Dept.HMRTNOEROONETREST004,0 4CARSAYRDPEJOHN KNOX ROAD - 17,000 CARS PERJason Stuart Pongsrikul Pharma Property Group CA DRE Lic. 01918332Direct: 619.297.0055 x302 E [email protected] Nostrand ONE Commercial FL DRE Lic. CQ1049770Direct: 305-779-2430 E [email protected] 5

2349 NORTH MONROE STREETTALLAHASSEE, FL 32303Company Summary*Tenant HistoryWalgreens, headquarted in Deerfield, IL, is the largest drug retailing chain in the United States with more than8,175 stores in all 50 states, the Disctrct of Columbia, Puerto Rico, and the U.S. Virgin Islands. Walgreens builtout its national platform through its corporate real estate department heavily during the 1990’s continuingthrough the mid 2000’s. By 2012, Walgreens had opened its 8,000th store and later that year the companymade a bold move by purchasing a 45% interest in Alliance Boots, a leading international pharmacy-ledhealth and beauty group. Two years later, Walgreens exercised its option to purchase the remaining 55% ofthe Switzerland based Alliance Boots to merge and create a new holding company named Walgreens BootsAlliance(NASDAQ: WBA).This transaction brought together two leading companies with iconic brands, complementary geographicfootprints, shared values and a heritage of trusted healthcare services through pharmaceutical wholesaling andcommunity pharmacy care, dating back more than 100 years. Today, Walgreens is part of the Retail PharmacyUSA division of Walgreens Boots Alliance. The company sells prescription and non-prescription drugs andgeneral merchandise including household products, convenience and fresh foods, personal care, beauty care,photo finishing, as well as home medical equipment, contact lenses, vitamins, supplements and other healthand wellness solutions. Walgreens also provides specialty pharmacy services for managing complex andchronic health conditions. In addition to these in-store offerings, the company operates digital businesses thatinclude Walgreens.com, Drugstore.com, Beauty.com, SkinStore.com, and VisionDirect.com.*Walgreens company information received from Walgreens investor relations.tenant profileGuarantor:Walgreens Boots Alliance, Inc.Ownership:PublicStock Symbol (NASDAQ):WBACredit Rating (S&P):BBBBusiness:Retail PharmacyLocations:8,175Annual Revenue: 117.35 BillionNet Worth: 29.88 BillionHeadquartrs:Deerfield, ILWebsite:www.walgreens.comOn Oct 27, 2015, Walgreens Boots Alliance enteredinto a merger agreement with Rite Aid Corporation(NYSE: RAD). The transaction is expected to closesometime in mid-2017, but is subject to Rite Aidstockholder approval, regulatory approvals andother customary closing conditions.Jason Stuart Pongsrikul Pharma Property Group CA DRE Lic. 01918332Direct: 619.297.0055 x302 E [email protected] Nostrand ONE Commercial FL DRE Lic. CQ1049770Direct: 305-779-2430 E [email protected] 6

2349 NORTH MONROE STREETTALLAHASSEE, FL 32303Locations by StateWA135MT13OR76NHVT KS69RICT 97 DEMD US VIRGIN est a123Wyoming10Arkansas81Iowa70Nebraska57Rhode Island25Puerto Rico120US Virgin uth Carolina114Colorado159Kentucky95New Hampshire31South Dakota14Connecticut92Louisiana158New Jersey197Tennessee252Delaware64Maine14New Mexico72Texas713Washington DC8Maryland85New York469Utah48Florida831Massachusetts163North Carolina268Vermont3Georgia203Michigan228North ngton135*Nationwide locations as of August 31, 2016Note: Walgreens also operates specialty and institutional pharmacies. Walgreens Take Care Health Systemssubsidiary manages more than 400 Healthcare Clinics at select Walgreens drugstores.Jason Stuart Pongsrikul Pharma Property Group CA DRE Lic. 01918332Direct: 619.297.0055 x302 E [email protected] Nostrand ONE Commercial FL DRE Lic. CQ1049770Direct: 305-779-2430 E [email protected] 7

2349 NORTH MONROE STREETTALLAHASSEE, FL 32303Demographic Snapshot 20175 Miles33.203 Miles32.101 Mile35.405 Miles70,89636,2363 MilesTotal Households1 Mile5 Miles 53,9383 Miles 52,226 62,1001 MileAverage Household Inc4,0975 MilesAverage Age169,8793 Miles87,5758,9591 MileTotal PopulationDisclaimer: 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, age, distances, lot size, store opening dates, demographic information, aerial information, tenantinformation & store operating information are approximate.Buyer and their representatives understands that Walgreens tenant information was gathered by sources deemed to be reliable including Walgreens public quarterlyand annual reports. Demographic information was provided by Nielsen Information Systems.By accepting this package, buyer and their representatives must verify the information and bears all risk for any inaccuracies. 2017 Pharma Property Group.Jason Stuart Pongsrikul Pharma Property Group CA DRE Lic. 01918332Direct: 619.297.0055 x302 E [email protected] Nostrand ONE Commercial FL DRE Lic. CQ1049770Direct: 305-779-2430 E [email protected] 8

2349 NORTH MONROE STREETTALLAHASSEE, FL 32303Investment Property RecapLease OverviewTenant:Walgreens (NYSE: WAG)Landlord Income:Corporate GuaranteeCredit Rating:Investment Grade, BBB (S&P)Lease Type:2349 NORTH MONROE STREETTALLAHASSEE, FL 32303Double NET LeaseLandlord responsible for roof and structure.Year Built: 1995Total Lot Size: 68,607 Square FeetTotal Building Size: 15,433 Square FeetEight years remaining with eight (five year)options to followLease Term:Next Option Begins:June 1, 2025PricingPrice: 4,472,000Cap Rate:5.64%Jason Stuart Pongsrikul Pharma Property Group CA DRE Lic. 01918332Direct: 619.297.0055 x302 E [email protected] Monthly Income: 21,018.75Total Annual Income: 252,225Stephen Nostrand ONE Commercial FL DRE Lic. CQ1049770Direct: 305-779-2430 E [email protected] 9

JASON STUART PONGSRIKULManaging PrincipalDirect: 619.297.0055 [email protected] DRE Lic. #01918332STEPHEN NOSTRANDONE Commercial, LLCDirect: 305-779-24305328 Banks Street, Suite BSan Diego, CA 92110O 619.297.0055D 619.206.10121000 Bricknell Avenue, Suite 500Miami, FL 33131O 305.779.2430D [email protected] DRE Lic. CQ1049770E X C L U S I V E LY L I S T E DINVESTMENT OFFERING2349 NORTH MONROE STREET TALLAHASSEE, FL 32303