new 7.00% cap rate · 2013. 6. 27. · beauty.comwebsites to find great values on products she...
TRANSCRIPT
Walgreens Pharmacy Malden, Massachusetts
• Rare New England Walgreens
• Dense, urban infill
• Almost 500,000 people within 5 miles
• Important strategic location for WAG
• NN Lease
• 6+ years remaining on firm lease term
• 8 x 5 year options
• Walgreens corporate guarantee (NYSE:WAG)
• Investment grade credit (S&P A+; Moody’s Aa3)
$6,000,000
7.00%CAP Rate
DeerfieldPartnersJohn GiordaniArt Griffith(415) [email protected]
Walgreens Pharmacy Malden, Massachusetts
DeerfieldPartnersJohn GiordaniArt Griffith(415) 685-3035
Price
CAP
Annual Income
Rent Increases
Debt
$6,000,000
7.00%
$420,000
None
Free & clear. Buyer to obtain new debt at market. Please call to discuss options.
Investment Summary
Property Details
Lease Summary
About This Investment Opportunity
Address
City
State
This Walgreens is ideally located at the four way intersection of Washington Ave, Squire Rd, Beach Street and Wesley St. This is one of the main intersections on the eastside of Malden and provides excellent access to both the surrounding neighborhoods as well as Highway 1.
In addition to being well located in the trade area, this is also a very important strategic location for Walgreens. There is an Rite Aid accross the street, two CVS stores within .three-quarters of a mile. The nearest WAlgreens is in Revere, more than a mile and a half away.
215 Beach Street
Malden
Massachusetts
Walgreens (NYSE:WAG)
10/1/1999
None
60 years
Starting in October 2019 Walgreens may terminate lease every five (5)
years with twelve (12) months notice.
Roof and structure. (standard Walgreens NN)
2001
13,855
1.63 acres
Year Built
Bldg Size
Lot Size
Tenant
Rent Start Date
Rent Increases
Lease Term
Options
Landlord Responsibilities
Walgreens Pharmacy Malden, Massachusetts
DeerfieldPartnersJohn GiordaniArt Griffith(415) 685-3035
Property Details
About This Investment Opportunity
2001
13,855
1.63 acres
Demographic Summary
Regional Map / About Malden
1 Mile 3 Mile 5 Mile
Population 21,852 218,736 480,984
Avg. HH Income $65,974 $65,650 $69,976
Malden is in the heart of the Boston Metro just five miles northwest of Boston, with convenient access all the amenities the area has to offer.
Malden is a hilly woodland area north of the famous Mystic River. It was settled by Puritans in 1640 on land purchased in 1629 from the Pennacook tribe. Since then, it’s developed into a bedroom community for those looking to escape the city, yet still maitain close proximity to downtown.
Malden was recenlty voted “Best Place to Raise Your Kids” by BusinessWeek.
Walgreens Pharmacy Malden, Massachusetts
DeerfieldPartnersJohn GiordaniArt Griffith(415) 685-3035
Store Photos
Walgreens Pharmacy Malden, Massachusetts
DeerfieldPartnersJohn GiordaniArt Griffith(415) 685-3035
Aerial Photo
Walgreens Pharmacy Malden, Massachusetts
DeerfieldPartnersJohn GiordaniArt Griffith(415) 685-3035
Site Plans
Walgreens Pharmacy Malden, Massachusetts
DeerfieldPartnersJohn GiordaniArt Griffith(415) 685-3035
About Walgreens
Financial Highlights
Walgreens is the #1 pharmacy in America by any measure. Founded in 1901, and traded on the New York Stock Exchange (NYSE:WAG), Walgreens operates 7,714 stores in all 50 states, the District of Columbia and Puerto Rico. Walgreens is widely regarded as the safest, most secure single-tenant NNN leased investment property because of its strong balance sheet and market capitalization.
For the fiscal year ended August 31, 2011:
• Grossrevenuewas$72.2Billion• Netprofitwas$2.7Billion• Networthwas$14.8Billion
2011 2010 Increase
Net Sales $72,184 $ 67,420 7.1%Net Earnings (1) $ 2,714 $ 2,091 29.8%Net Earnings per Common Share (diluted) (1) $ 2.94 $ 2.12 38.7%Shareholders’ Equity $14,847 $ 14,400 3.1%Return on Average Shareholders’ Equity 18.6% 14.5%Closing Stock Price per Common Share $ 35.21 $ 26.88Total Market Value of Common Stock $ 31,312 $ 25,230Dividends Declared per Common Share $ .7500 $ .5875Average Shares Outstanding (diluted) 924 988
(1) Fiscalyear2011amountsincludea$273million,or$0.30perdilutedshare,after-taxgainonthesaleofWalgreensHealthInitiatives,Inc.
Financial HighlightsFortheyearsendedAugust31,2011and2010(Inmillions,exceptpershareamounts)
2011 2010 2009 2008 2007
Locations Openings New Locations 261 388 602 608 501 Acquisitions 36 282 89 423 120 Closings 133 120 129 94 85 Net Openings 164 550 562 937 536 Locations (1) 8,210 8,046 7,496 6,934 5,997 Sales Area (2) 85,619 83,719 78,782 72,585 66,386
Product Class Sales Prescription Drugs 65% 65% 65% 65% 65% Non-prescription Drugs (3) 10% 10% 10% 10% 10% General Merchandise (3) 25% 25% 25% 25% 25%
(1) Includesdrugstores,worksitehealthandwellnesscenters,infusionandrespiratoryservicesfacilities,specialtypharmaciesandmailservicefacilities. (2) Inthousandsofsquarefeet.(3) Basedonstorescanninginformation.
Company Highlights
2011 Walgreens Annual Report Page 1
11100908070605040302
50
40
30
20
10
0
0
10
20
30
40
50
Walgreens Fiscal Year Stock PerformanceFiscalyear-endclosingpricepershareindollars
2011 2010 Increase
Net Sales $72,184 $ 67,420 7.1%Net Earnings (1) $ 2,714 $ 2,091 29.8%Net Earnings per Common Share (diluted) (1) $ 2.94 $ 2.12 38.7%Shareholders’ Equity $14,847 $ 14,400 3.1%Return on Average Shareholders’ Equity 18.6% 14.5%Closing Stock Price per Common Share $ 35.21 $ 26.88Total Market Value of Common Stock $ 31,312 $ 25,230Dividends Declared per Common Share $ .7500 $ .5875Average Shares Outstanding (diluted) 924 988
(1) Fiscalyear2011amountsincludea$273million,or$0.30perdilutedshare,after-taxgainonthesaleofWalgreensHealthInitiatives,Inc.
Financial HighlightsFortheyearsendedAugust31,2011and2010(Inmillions,exceptpershareamounts)
2011 2010 2009 2008 2007
Locations Openings New Locations 261 388 602 608 501 Acquisitions 36 282 89 423 120 Closings 133 120 129 94 85 Net Openings 164 550 562 937 536 Locations (1) 8,210 8,046 7,496 6,934 5,997 Sales Area (2) 85,619 83,719 78,782 72,585 66,386
Product Class Sales Prescription Drugs 65% 65% 65% 65% 65% Non-prescription Drugs (3) 10% 10% 10% 10% 10% General Merchandise (3) 25% 25% 25% 25% 25%
(1) Includesdrugstores,worksitehealthandwellnesscenters,infusionandrespiratoryservicesfacilities,specialtypharmaciesandmailservicefacilities. (2) Inthousandsofsquarefeet.(3) Basedonstorescanninginformation.
Company Highlights
2011 Walgreens Annual Report Page 1
11100908070605040302
50
40
30
20
10
0
0
10
20
30
40
50
Walgreens Fiscal Year Stock PerformanceFiscalyear-endclosingpricepershareindollars
Walgreens Pharmacy Malden, Massachusetts
DeerfieldPartnersJohn GiordaniArt Griffith(415) 685-3035
2011 Milestones
Well at Walgreensdefines what we want customers to experience.
Live well by finding value, fun and solutions for their daily needs.
Stay well by finding the right products for health and daily living.
Get well when they feel ill.
2011 Milestones• Walgreens is the nation’s largest drugstore chain, with
fiscal 2011 sales of $72.2 billion and record profit of $2.7 billion. The Company has 247,000 employees.
• This is the Company’s 37th consecutive year of record sales. It’s also the 36th consecutive year Walgreens has raised its quarterly dividend – paid every quarter since 1933.
• The Company returned $2.4 billion to shareholders through dividends and share repurchases in fiscal 2011, and announced its largest dividend increase ever of 28.6 percent in July, as well as a new $2 billion share repurchase program.
• Walgreens filled a record 819 million prescriptions in fiscal 2011 – one in five retail prescriptions in America. Pharmacy is 65 percent of the Company’s business.
• Advancing its leadership in providing flu shots, Walgreens delivered 6.4 million flu shots last year as the Company continued to serve as the country’s No. 1 provider of flu shots other than the federal government.
• To expand the role Walgreens plays in health care, the Company established important new alliances with top health systems, including Johns Hopkins Medical Center, Ochsner Health System and Louisiana State University, to enhance coordinated care to patients.
• The Company completed its goal set in 2009 to convert or open 5,500 Walgreens stores with its new “Customer Centric Retailing” format, which offers customers a more targeted product assortment, better sight lines and new décor packages.
• Walgreens completed its acquisition of drugstore.com, extending its multi-channel reach to an additional 3 million online customers, forging relationships with new vendors and partners and adding approximately 60,000 health, personal care and beauty products to its online offering.
• The Company announced plans to open or convert at least 1,000 “food oasis” stores over the next five years to address the need for greater access to healthy foods in underserved communities across the country, building on its successful 12-store pilot in Chicago.
• The Company exceeded its “Rewiring for Growth” cost reduction goal of $1 billion in annual savings, concluding its three-year restructuring and cost-saving initiative launched in 2008.
• Walgreens was named to Fortune magazine’s World’s Most Admired Companies list for the 18th consecutive year, and was ranked 32nd on the Fortune 500 list of the largest U.S.-based companies.
About the CoverAlana Bowman and her daughter Sadie in Brandon, Mississippi, enjoy their time together at a local playground. “As a single mom with a full-time career, I’m always looking for ways to save time and money,” she says. Taking advantage of the multiple ways she can access Walgreens, Alana shops Walgreens.com, drugstore.com and Beauty.com websites to find great values on products she regularly uses, like shampoo, cosmetics and contact lens solution. She also visits her local Walgreens for family needs such as prescriptions, school supplies and over-the-counter medications.
Well at Walgreensdefines what we want customers to experience.
Live well by finding value, fun and solutions for their daily needs.
Stay well by finding the right products for health and daily living.
Get well when they feel ill.
2011 Milestones• Walgreens is the nation’s largest drugstore chain, with
fiscal 2011 sales of $72.2 billion and record profit of $2.7 billion. The Company has 247,000 employees.
• This is the Company’s 37th consecutive year of record sales. It’s also the 36th consecutive year Walgreens has raised its quarterly dividend – paid every quarter since 1933.
• The Company returned $2.4 billion to shareholders through dividends and share repurchases in fiscal 2011, and announced its largest dividend increase ever of 28.6 percent in July, as well as a new $2 billion share repurchase program.
• Walgreens filled a record 819 million prescriptions in fiscal 2011 – one in five retail prescriptions in America. Pharmacy is 65 percent of the Company’s business.
• Advancing its leadership in providing flu shots, Walgreens delivered 6.4 million flu shots last year as the Company continued to serve as the country’s No. 1 provider of flu shots other than the federal government.
• To expand the role Walgreens plays in health care, the Company established important new alliances with top health systems, including Johns Hopkins Medical Center, Ochsner Health System and Louisiana State University, to enhance coordinated care to patients.
• The Company completed its goal set in 2009 to convert or open 5,500 Walgreens stores with its new “Customer Centric Retailing” format, which offers customers a more targeted product assortment, better sight lines and new décor packages.
• Walgreens completed its acquisition of drugstore.com, extending its multi-channel reach to an additional 3 million online customers, forging relationships with new vendors and partners and adding approximately 60,000 health, personal care and beauty products to its online offering.
• The Company announced plans to open or convert at least 1,000 “food oasis” stores over the next five years to address the need for greater access to healthy foods in underserved communities across the country, building on its successful 12-store pilot in Chicago.
• The Company exceeded its “Rewiring for Growth” cost reduction goal of $1 billion in annual savings, concluding its three-year restructuring and cost-saving initiative launched in 2008.
• Walgreens was named to Fortune magazine’s World’s Most Admired Companies list for the 18th consecutive year, and was ranked 32nd on the Fortune 500 list of the largest U.S.-based companies.
About the CoverAlana Bowman and her daughter Sadie in Brandon, Mississippi, enjoy their time together at a local playground. “As a single mom with a full-time career, I’m always looking for ways to save time and money,” she says. Taking advantage of the multiple ways she can access Walgreens, Alana shops Walgreens.com, drugstore.com and Beauty.com websites to find great values on products she regularly uses, like shampoo, cosmetics and contact lens solution. She also visits her local Walgreens for family needs such as prescriptions, school supplies and over-the-counter medications.
Walgreens Pharmacy Malden, Massachusetts
DeerfieldPartnersJohn GiordaniArt Griffith(415) 685-3035
Rankings & Ratings
FortunemagazineAmerica’sMostAdmiredCompanies published March 17, 2008Walgreens ranked fifth among food and drugstores and is listed for the 15th consecutive year.
FortunemagazineGlobalMostAdmiredCompanies published March 17, 2008Walgreens ranked seventh among food and drugstores and No. 36 among the 50 most admired companies.
Fortunemagazine500LargestU.S.-BasedCompanies published May 5, 2008Walgreens ranked 40th overall in revenue, third among food and drugstores.
Fortunemagazine40BestStocksToRetireOnpublished June 23, 2008Walgreens made the list of recommended Bargain Growth stocks.
FortunemagazineGlobal500LargestCompaniespublished July 21, 2008Walgreens ranked 125th overall in revenue.
ForbesPlatinum400Listpublished January 12, 2009Walgreens again made this list of the best performing big companies in the United States
ForbesGlobal2000published April 21, 2008Walgreens ranked 250th on this list of the 2000 largest public companies worldwide.
Walgreens Pharmacy Malden, Massachusetts
DeerfieldPartnersJohn GiordaniArt Griffith(415) 685-3035
Walgreens Stores NationwideRECYCLED
ERECYCLED
E
For Our ShareholdersCorporate HeadquartersWalgreen Co.108 Wilmot Road Deerfield, Illinois 60015 (847) 315-2500
Stock Market Listings New York Stock Exchange The NASDAQ Stock Market LLC Chicago Stock Exchange Symbol: WAG
Investor Contacts Rick J. Hans, CFA Divisional Vice President of Investor Relations & Finance (847) 315-2385 [email protected]
Lisa Meers, CFA Manager of Investor Relations (847) 315-2361 [email protected]
Annual Shareholders’ Meeting You are cordially invited to attend the meeting to be held Wednesday, January 11, 2012, at 2 p.m. CST, in the Grand Ballroom, Navy Pier, Chicago, Illinois. Formal notice of the meeting, with proxy card and proxy statement, was sent to all shareholders of record as of November 14, 2011.
Investor InformationAs of September 30, 2011, Walgreens had 84,643 shareholders of record.
Investor information is available at http://investor.walgreens.com. This includes corporate governance guidelines, charters of all committees of the Board of Directors, quarterly reports, press releases, proxy statements, the Company’s Code of Ethics for Financial Executives, Code of Business Conduct and the 2011 Annual Report. These and other reports may also be obtained without charge upon request to:
Shareholder RelationsWalgreen Co. — Mail Stop #1833 108 Wilmot Road Deerfield, Illinois 60015 (847) 315-2922 http://investor.walgreens.com/InvestorKit.cfm
Walgreens has provided certifications by the Chief Executive Officer and Chief Financial Officer regarding the quality of the Company’s public disclosure, as required by Section 302 of the Sarbanes-Oxley Act, on Exhibit 31 to its Annual Report on Form 10-K. Our Chief Executive Officer made an unqualified certification to the New York Stock Exchange with respect to our compliance with NYSE corporate governance listing standards in January 2011.
Electronic Reports To receive proxy statements, annual reports and related materials electronically, refer to the proxy statement sent to shareholders with this annual report. After January 11, 2012, call Nicholas Zangler at (847) 315-2636 or go to http://investor.walgreens.com/InvestorKit.cfm to request electronic delivery.
Quarterly Reporting Dates Quarterly earnings release dates for fiscal 2012 are December 21, March 27, June 26 and September 28. Results are released to the press and posted on the Walgreen website at http://investor.walgreens.com.
Dividend Payment Dates Walgreens pays dividends in March, June, September and December. Checks are customarily mailed on the 12th of each of these months.
Transfer Agent and Registrar For assistance on matters such as lost shares or name changes on shares, please contact:
Wells Fargo Bank, N.A. Shareowner Services 161 North Concord Exchange Street South Saint Paul, MN 55075-1139 www.wellsfargo.com/shareownerservices (888) 368-7346
Direct Stock Purchase Plan Wells Fargo Shareowner Services sponsors and administers a direct stock purchase plan as a convenient method of acquiring Walgreen stock by cash payments, reinvestment of dividends or both. For an information booklet and enrollment form, please call (888) 368-7346. General inquiries to Wells Fargo Bank, N.A. regarding your Walgreen stock should also be directed to (888) 368-7346.
Des
ign:
Cag
ney
+ A
ssoc
iate
s, In
c.
Maj
or P
hoto
grap
hy: M
icha
el M
aune
y
842
11011
671
99
67
56
14
1
148
68
195
60
14468 96 196
250
95
15126
2
5864
183
105
222
224
39
65
123
11
5
602
247
43
9
158
64
78581 200
253118
473
330
164
9126
174
13
Walgreens Stores Nationwide
Walgreens Additional Points of Care (as of August 31, 2011):
Infusion and respiratory services facilities 83
Mail-order facilities 2
On-site pharmacies in hospitals and medical centers 137
Specialty pharmacies 9
Take Care Clinics 357
Worksite health and wellness centers 355
Walgreens Pharmacy Malden, Massachusetts
DeerfieldPartnersJohn GiordaniArt Griffith(415) 685-3035
Drugstore Count
Revenue
Net Income
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
Walgreens Pharmacy Malden, Massachusetts
DeerfieldPartnersJohn GiordaniArt Griffith(415) 685-3035
Demographics - 1 Mile Radius
Demographic and Income Profile215 Beach St, Malden, MA, 02148 Prepared by John GiordaniDeerfield PartnersRing: 1 mile radius Latitude: 42.431911996
Longitude: -71.02494056
AreaStateUSA
Trends 2012-2017
Population Households Families Owner HHs Median HH Income
Annual
Rat
e (i
n p
erce
nt)
3
2.5
2
1.5
1
0.5
0
20122017
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
18
16
14
12
10
8
6
4
2
0
2012 Household Income
<$15K12.8%
$15K - $24K9.8%
$25K - $34K9.9%
$35K - $49K13.7%
$50K - $74K20.3%
$75K - $99K13.9%
$100K - $149K14.1%
$150K - $199K3.9%
$200K+1.7%
2012 Population by Race
White Black Am. Ind. Asian Pacific Other Two+
Perc
ent
65
60
55
50
45
40
35
30
25
20
15
10
5
0
2012 Percent Hispanic Origin: 12.3%
June 24, 2013
©2013 Esri Page 2 of 6
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2012 and 2017.
Walgreens Pharmacy Malden, Massachusetts
DeerfieldPartnersJohn GiordaniArt Griffith(415) 685-3035
Demographics - 1 Mile Radius
Demographic and Income Profile215 Beach St, Malden, MA, 02148 Prepared by John GiordaniDeerfield PartnersRing: 1 mile radius Latitude: 42.431911996
Longitude: -71.02494056
Summary Census 2010 2012 2017Population 21,773 21,852 22,472Households 8,672 8,686 8,970Families 5,503 5,478 5,638Average Household Size 2.50 2.50 2.49Owner Occupied Housing Units 4,039 3,883 3,985Renter Occupied Housing Units 4,633 4,803 4,986Median Age 36.5 36.5 36.8
Trends: 2012 - 2017 Annual Rate Area State NationalPopulation 0.56% 0.45% 0.68%Households 0.65% 0.54% 0.74%Families 0.58% 0.47% 0.72%Owner HHs 0.52% 0.66% 0.91%Median Household Income 2.07% 3.45% 2.55%
2012 2017 Households by Income Number Percent Number Percent
<$15,000 1,116 12.8% 1,125 12.5%$15,000 - $24,999 852 9.8% 765 8.5%$25,000 - $34,999 860 9.9% 783 8.7%$35,000 - $49,999 1,186 13.7% 1,051 11.7%$50,000 - $74,999 1,760 20.3% 1,677 18.7%$75,000 - $99,999 1,204 13.9% 1,575 17.6%$100,000 - $149,999 1,223 14.1% 1,396 15.6%$150,000 - $199,999 335 3.9% 429 4.8%$200,000+ 149 1.7% 169 1.9%
Median Household Income $53,226 $58,969Average Household Income $65,974 $72,114Per Capita Income $26,354 $28,934
Census 2010 2012 2017 Population by Age Number Percent Number Percent Number Percent
0 - 4 1,390 6.4% 1,388 6.4% 1,432 6.4%5 - 9 1,160 5.3% 1,150 5.3% 1,174 5.2%10 - 14 1,178 5.4% 1,154 5.3% 1,185 5.3%15 - 19 1,162 5.3% 1,102 5.0% 1,066 4.7%20 - 24 1,551 7.1% 1,589 7.3% 1,501 6.7%25 - 34 3,947 18.1% 4,063 18.6% 4,268 19.0%35 - 44 3,235 14.9% 3,154 14.4% 3,179 14.1%45 - 54 2,987 13.7% 2,897 13.3% 2,734 12.2%55 - 64 2,256 10.4% 2,350 10.8% 2,506 11.2%
65 - 74 1,487 6.8% 1,574 7.2% 1,912 8.5%75 - 84 991 4.6% 984 4.5% 1,041 4.6%
85+ 429 2.0% 446 2.0% 472 2.1%Census 2010 2012 2017
Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 15,068 69.2% 14,910 68.2% 14,777 65.8%Black Alone 2,289 10.5% 2,342 10.7% 2,533 11.3%American Indian Alone 47 0.2% 49 0.2% 54 0.2%Asian Alone 2,285 10.5% 2,382 10.9% 2,669 11.9%Pacific Islander Alone 7 0.0% 8 0.0% 12 0.1%Some Other Race Alone 1,410 6.5% 1,459 6.7% 1,648 7.3%Two or More Races 667 3.1% 702 3.2% 778 3.5%
Hispanic Origin (Any Race) 2,540 11.7% 2,682 12.3% 3,124 13.9%Data Note: Income is expressed in current dollars.
June 24, 2013
©2013 Esri Page 1 of 6
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2012 and 2017.
Walgreens Pharmacy Malden, Massachusetts
DeerfieldPartnersJohn GiordaniArt Griffith(415) 685-3035
Demographics - 3 Mile Radius
Demographic and Income Profile215 Beach St, Malden, MA, 02148 Prepared by John GiordaniDeerfield PartnersRing: 3 mile radius Latitude: 42.431911996
Longitude: -71.02494056
AreaStateUSA
Trends 2012-2017
Population Households Families Owner HHs Median HH Income
Annual
Rat
e (i
n p
erce
nt)
3
2.5
2
1.5
1
0.5
0
20122017
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
2012 Household Income
<$15K16.4%
$15K - $24K9.6%
$25K - $34K10.1%
$35K - $49K13.1%
$50K - $74K19.4%
$75K - $99K11.4%
$100K - $149K13.2%
$150K - $199K4.1%
$200K+2.7%
2012 Population by Race
White Black Am. Ind. Asian Pacific Other Two+
Perc
ent
65
60
55
50
45
40
35
30
25
20
15
10
5
0
2012 Percent Hispanic Origin: 22.5%
June 24, 2013
©2013 Esri Page 4 of 6
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2012 and 2017.
Walgreens Pharmacy Malden, Massachusetts
DeerfieldPartnersJohn GiordaniArt Griffith(415) 685-3035
Demographics - 3 Mile Radius
Demographic and Income Profile215 Beach St, Malden, MA, 02148 Prepared by John GiordaniDeerfield PartnersRing: 3 mile radius Latitude: 42.431911996
Longitude: -71.02494056
Summary Census 2010 2012 2017Population 215,710 218,736 227,966Households 82,572 83,441 87,063Families 51,981 52,202 54,294Average Household Size 2.59 2.60 2.60Owner Occupied Housing Units 38,442 37,626 39,574Renter Occupied Housing Units 44,130 45,815 47,489Median Age 36.5 36.6 36.9
Trends: 2012 - 2017 Annual Rate Area State NationalPopulation 0.83% 0.45% 0.68%Households 0.85% 0.54% 0.74%Families 0.79% 0.47% 0.72%Owner HHs 1.01% 0.66% 0.91%Median Household Income 2.06% 3.45% 2.55%
2012 2017 Households by Income Number Percent Number Percent
<$15,000 13,659 16.4% 14,045 16.1%$15,000 - $24,999 8,001 9.6% 7,020 8.1%$25,000 - $34,999 8,390 10.1% 7,542 8.7%$35,000 - $49,999 10,963 13.1% 9,806 11.3%$50,000 - $74,999 16,193 19.4% 15,639 18.0%$75,000 - $99,999 9,532 11.4% 12,863 14.8%$100,000 - $149,999 11,049 13.2% 12,998 14.9%$150,000 - $199,999 3,387 4.1% 4,544 5.2%$200,000+ 2,265 2.7% 2,603 3.0%
Median Household Income $50,713 $56,160Average Household Income $65,650 $73,262Per Capita Income $25,213 $28,147
Census 2010 2012 2017 Population by Age Number Percent Number Percent Number Percent
0 - 4 14,207 6.6% 14,382 6.6% 15,075 6.6%5 - 9 12,391 5.7% 12,481 5.7% 13,011 5.7%10 - 14 12,140 5.6% 12,098 5.5% 12,752 5.6%15 - 19 13,088 6.1% 12,618 5.8% 12,547 5.5%20 - 24 14,951 6.9% 15,468 7.1% 14,784 6.5%25 - 34 36,078 16.7% 37,299 17.1% 39,219 17.2%35 - 44 32,442 15.0% 32,013 14.6% 32,735 14.4%45 - 54 30,505 14.1% 29,919 13.7% 28,806 12.6%55 - 64 22,846 10.6% 24,112 11.0% 26,130 11.5%
65 - 74 13,395 6.2% 14,418 6.6% 17,872 7.8%75 - 84 9,411 4.4% 9,440 4.3% 10,188 4.5%
85+ 4,258 2.0% 4,488 2.1% 4,847 2.1%Census 2010 2012 2017
Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 143,103 66.3% 143,166 65.5% 143,976 63.2%Black Alone 20,553 9.5% 21,019 9.6% 22,648 9.9%American Indian Alone 825 0.4% 846 0.4% 930 0.4%Asian Alone 18,350 8.5% 19,131 8.7% 21,349 9.4%Pacific Islander Alone 58 0.0% 64 0.0% 90 0.0%Some Other Race Alone 25,229 11.7% 26,510 12.1% 30,069 13.2%Two or More Races 7,591 3.5% 7,999 3.7% 8,904 3.9%
Hispanic Origin (Any Race) 46,389 21.5% 49,168 22.5% 56,597 24.8%Data Note: Income is expressed in current dollars.
June 24, 2013
©2013 Esri Page 3 of 6
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2012 and 2017.
Walgreens Pharmacy Malden, Massachusetts
DeerfieldPartnersJohn GiordaniArt Griffith(415) 685-3035
Demographics - 5 Mile Radius
Demographic and Income Profile215 Beach St, Malden, MA, 02148 Prepared by John GiordaniDeerfield PartnersRing: 5 mile radius Latitude: 42.431911996
Longitude: -71.02494056
AreaStateUSA
Trends 2012-2017
Population Households Families Owner HHs Median HH Income
Annual
Rat
e (i
n p
erce
nt)
3
2.5
2
1.5
1
0.5
0
20122017
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
18
16
14
12
10
8
6
4
2
0
2012 Household Income
<$15K16.5%
$15K - $24K9.4%
$25K - $34K9.6%
$35K - $49K12.5%
$50K - $74K18.3%
$75K - $99K11.2%
$100K - $149K13.8%
$150K - $199K4.7%
$200K+4.0%
2012 Population by Race
White Black Am. Ind. Asian Pacific Other Two+
Perc
ent
65
60
55
50
45
40
35
30
25
20
15
10
5
0
2012 Percent Hispanic Origin: 22.5%
June 24, 2013
©2013 Esri Page 6 of 6
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2012 and 2017.
Walgreens Pharmacy Malden, Massachusetts
DeerfieldPartnersJohn GiordaniArt Griffith(415) 685-3035
Demographics - 5 Mile Radius
Demographic and Income Profile215 Beach St, Malden, MA, 02148 Prepared by John GiordaniDeerfield PartnersRing: 5 mile radius Latitude: 42.431911996
Longitude: -71.02494056
Summary Census 2010 2012 2017Population 475,403 480,984 499,625Households 188,257 190,134 198,157Families 110,467 110,793 114,972Average Household Size 2.50 2.50 2.49Owner Occupied Housing Units 86,186 84,487 88,873Renter Occupied Housing Units 102,071 105,647 109,284Median Age 36.0 36.1 36.4
Trends: 2012 - 2017 Annual Rate Area State NationalPopulation 0.76% 0.45% 0.68%Households 0.83% 0.54% 0.74%Families 0.74% 0.47% 0.72%Owner HHs 1.02% 0.66% 0.91%Median Household Income 2.41% 3.45% 2.55%
2012 2017 Households by Income Number Percent Number Percent
<$15,000 31,296 16.5% 31,744 16.0%$15,000 - $24,999 17,931 9.4% 15,560 7.9%$25,000 - $34,999 18,246 9.6% 16,243 8.2%$35,000 - $49,999 23,810 12.5% 21,222 10.7%$50,000 - $74,999 34,882 18.3% 33,664 17.0%$75,000 - $99,999 21,267 11.2% 28,677 14.5%$100,000 - $149,999 26,202 13.8% 30,430 15.4%$150,000 - $199,999 8,860 4.7% 11,750 5.9%$200,000+ 7,637 4.0% 8,865 4.5%
Median Household Income $51,851 $58,399Average Household Income $69,976 $79,250Per Capita Income $27,895 $31,657
Census 2010 2012 2017 Population by Age Number Percent Number Percent Number Percent
0 - 4 30,358 6.4% 30,585 6.4% 31,855 6.4%5 - 9 25,909 5.4% 25,955 5.4% 26,845 5.4%10 - 14 24,822 5.2% 24,613 5.1% 25,759 5.2%15 - 19 27,517 5.8% 26,446 5.5% 26,153 5.2%20 - 24 35,575 7.5% 36,651 7.6% 34,940 7.0%25 - 34 86,285 18.1% 88,946 18.5% 93,410 18.7%35 - 44 70,328 14.8% 69,197 14.4% 70,568 14.1%45 - 54 65,737 13.8% 64,329 13.4% 61,739 12.4%55 - 64 49,704 10.5% 52,334 10.9% 56,558 11.3%
65 - 74 29,469 6.2% 31,676 6.6% 39,194 7.8%75 - 84 20,415 4.3% 20,457 4.3% 22,017 4.4%
85+ 9,285 2.0% 9,794 2.0% 10,586 2.1%Census 2010 2012 2017
Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 329,083 69.2% 329,128 68.4% 331,498 66.3%Black Alone 39,893 8.4% 40,685 8.5% 43,732 8.8%American Indian Alone 1,905 0.4% 1,941 0.4% 2,129 0.4%Asian Alone 34,537 7.3% 35,962 7.5% 40,025 8.0%Pacific Islander Alone 189 0.0% 200 0.0% 247 0.0%Some Other Race Alone 53,123 11.2% 55,588 11.6% 62,630 12.5%Two or More Races 16,672 3.5% 17,481 3.6% 19,364 3.9%
Hispanic Origin (Any Race) 102,965 21.7% 108,396 22.5% 123,638 24.7%Data Note: Income is expressed in current dollars.
June 24, 2013
©2013 Esri Page 5 of 6
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2012 and 2017.