Walgreens Ground Lease - Cherokee South Plaza 9500 Antioch Road | Overland Park, Kansas 66212 - Stan Johnson Company
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SW Subject Property Offering Memorandum Walgreens Ground Lease Cherokee South Plaza 9500 Antioch Road | Overland Park, Kansas 66212 Rare Ground Lease w/10% Rent Bumps every 5 Years
Confidentiality and Restricted Use Agreement
Offered Exclusively by
This Confidential Offering Memorandum (“COM”) is provided by Stan Johnson Company (“SJC”), solely for your
consideration of the opportunity to acquire the commercial property described herein (the “Property”). This COM
may be used only as stated herein and shall not be used for any other purpose, or in any other manner, without Brad Feller
prior written authorization and consent of SJC. Senior Director
bfeller@stanjohnsonco.com
This COM does not constitute or pertain to an offer of a security or an offer of any investment contract. This P: +1 312.240.0194
COM contains descriptive materials, financial information and other data compiled by SJC for the convenience
of parties who may be interested in the Property. Such information is not all inclusive and is not represented to
include all information that may be material to an evaluation of the acquisition opportunity presented. SJC has Isaiah Harf
not independently verified any of the information contained herein and makes no representations or warranties Director
of any kind concerning the accuracy or completeness thereof. All summaries and discussions of documentation iharf@stanjohnsonco.com
and/or financial information contained herein are qualified in their entirety by reference to the actual documents P: +1 312.777.2437
and/or financial statements, which upon request may be made available. An interested party must conduct its
own independent investigation and verification of any information the party deems material to consideration of
the opportunity, or otherwise appropriate, without reliance upon SJC. Blaise Bennett
Associate
The Property may be financed or withdrawn from the market without notice, and its owner(s) reserve(s) the right
bbennett@stanjohnsonco.com
to negotiate with any number of interested parties at any time. The Property is offered and sold by its owner(s)
P: +1 312.777.2449
as is, where is, and with all faults, without representation or warranty of any kind except for any customary
warranties of title.
Brandon Duff
BY ACCEPTING THIS COM, YOU AGREE THAT: (1) all information contained herein, and all other information you
Regional Director
have received or may hereafter receive from SJC relating to the Property, whether oral, written or in any other
form (collectively, the “Information”), is strictly confidential; (2) you will not copy or reproduce, and claim as your
own without attribution to SJC, all or any part of this COM or the Information; (3) upon request by SJC at any
time, you will return and/or certify your complete destruction of all copies of this COM and the Information; (4)
for yourself and all your affiliates, officers, employees, representatives, agents and principals, you hereby release
and agree to indemnify and hold harmless SJC all of its affiliates, officers, employees, representatives, agents
In Association With:
and principals, from and with respect to any and all claims and liabilities arising from or related to the receipt or
Chad Byerly
use of this COM and/or any other Information concerning the Property; (5) you will not provide this COM or any
KS Lic. #BR00236011
of the Information to any other party unless you first obtain such party’s acceptance and approval of all terms,
conditions, limitations and agreements set forth herein, as being applicable to such party as well as to you; and
(6) monetary damages alone will not be an adequate remedy for a violation of these terms and that SJC shall be
entitled to equitable relief, including, but not limited to, injunctive relief and specific performance, in connection
with such a violation and shall not be required to post a bond when obtaining such relief.
Stan Johnson Company
303 East Wacker Drive | Suite 1111
Chicago, IL 60601
P: +1 312.240.0127 | F: +1 312.240.0158
stanjohnsonco.com
Table of Contents Section 1 - Investment Summary The Offering........................................................................................................................6 Investment Highlights....................................................................................................7 Pricing and Property Overview................................................................................8 Lease Abstract...................................................................................................................9 Rent Roll & Income Statement................................................................................10 Strip Map...............................................................................................................................11 Section 2 - Property Overview Site Plan................................................................................................................................13 Cherokee South Plaza..................................................................................................14 Section 3 - Tenant Overview Walgreens Boots Alliance Organizational Chart.........................................16 Walgreens Boots Alliance Overview...................................................................17 Retail Pharmacy USA Overview.............................................................................18 Walgreens - Rite Aid Merger....................................................................................19 Section 3 - Market & Location Overview Regional Map.....................................................................................................................21 Location Overview.........................................................................................................22 Aerial View……...................................................................................................................23 Demographics.........................................................................................................……..24
Subject Property Photos
Section One
Investment Summary
W
Subject Property
The Offering
Stan Johnson Company is pleased to exclusively offer for sale to
qualified investors, the opportunity to purchase a 100% fee simple
interest in the Walgreens ground lease property located at 9500
Antioch Road in Overland Park, Kansas (the “Property”). Located
roughly 15 miles southwest of downtown Kansas City and near the
Interstate 35/Interstate 435 interchange, the Property benefits from its
position on the hard corner of two primary arterials of Overland Park
with a combined traffic count of over 54,000 vehicles per day.
The Property is fully leased by Walgreen Co. (WBA), operating under
a 60-year lease term that runs through December 2069, with the
option to terminate with 6 months’ notice starting January 1, 2030, and
every five years thereafter. The initial term through December 2029 is
referred to as the “Base Lease Term,” and today, there are over 13 years
of base term remaining.
The Property is a 14,820 SF retail drugstore, complete with drive-thru
facilities and surface parking for roughly 84 vehicles. Built in 2009, it is
the anchor outparcel of the Cherokee South Plaza shopping center at
the southwest corner of West 95th Street and Antioch Road. Cherokee
South Plaza is a 111,294 square-foot neighborhood retail center that
serves a trade area of over 45,150 people. The center recently
underwent a major redevelopment that included new building facades,
a repaved parking lot and new signage. This, in addition to the new Hy-
Vee built directly across Antioch Road, has both increased traffic and
spurred further investment in the immediate vicinity.
Walgreens’ lease is Absolute NNN with no landlord responsibility, and
features rare rental increases throughout the base term and effective
option periods. A 10% rental increase will take effect January 2020 and
additional 10% increases will continue every fifth anniversary thereafter.
Walgreen Co., a subsidiary of Walgreens Boots Alliance, Inc., (NASDAQ:
WBA), had FY2015 (ended August 31, 2015) revenue of $103.44 billion
and net income of $4.22 billion. As of February 29, 2016, the company
9500 Antioch Road | Overland Park, Kansas 0 - 1 mi. 0 - 3 mi. 0 - 5 mi.
had total assets of $66.39 billion and net worth of $29.51 billion.
Currently, Walgreen Co. holds a BBB/Negative rating by Standard and 2015 Population: 11,662 101,227 258,229
Poor’s and has a market capitalization of $87.42 billion.
2015 Average HH Income: $60,790 $74,698 $84,882
Subject Property
Section 1 • Walgreens • Overland Park, KS • 6
Investment Highlights
Rare Walgreens Rental Escalations
Lease features rental escalations of 10% on January 1, 2020 and every five
years thereafter, an extremely rare attribute for Walgreens properties.
Absolute NNN Ground Lease Structure
Property offers investors a passive investment with no landlord responsibility
throughout the base lease term or option periods.
13+ Years Base Lease Term Remaining
Walgreens base lease term runs through December 2029, offering investors
the opportunity for long-term cash flow.
Outstanding Residual Values
Annual rent PSF of $15.86 is below market, providing for an investment with
very high and very attractive residual value.
Walgreen Co. Guaranty
Walgreen Co. is a subsidiary of Walgreens Boots Alliance, Inc. (NASDAQ:
WBA) and is currently rated BBB/Negative by Standard and Poor’s. WBA had
FY2015 revenue of $103.44 billion and net income of $4.22 billion.
Rare Overland Park Destination Retail Opportunity
Located 15 miles from downtown Kansas City, the Property is within a dense
retail trade area that includes a large roster of national and regional retailers,
eateries and hotels, as well as the 1.5 million square-foot Oak Park Mall.
Outstanding Hard Corner Location w/High Visibility
Property is located on the hard, signalized intersection of West 95th Street
and Antioch Road with a combined traffic count of 54,199 VPD.
Heavily Trafficked Suburban Position
Property is located immediately northeast of both the I-35 and I-435
interchange and the U.S. 69 and I-435 interchange with combined daily traffic
counts in excess of 187,350 VPD.
Premier Demographics
Property benefits from population in excess of 258,200 and average household
income of $84,882 within a 5-mile radius.
Subject Property Photos
Section 1 • Walgreens • Overland Park, KS • 7
Pricing Overview
Walgreens GL | Cherokee South Plaza
Offering Price: $5,000,000
4.70% Current Cap Rate
Offering Cap Rate:
5.17% as of January 2020
Current Annual Rent: $235,000
Tenant/Guarantor: Walgreen Co.
Ownership Interest: Fee Simple in Ground
Encumbrances: None, Delivered Free & Clear
Property Overview
9500 Antioch Road | Overland Park, KS 66212
Property Description: Free-Standing Retail Drugstore
Year Built: 2009
Building Size (SF): +/- 14,820 SF
Lot Size (Acres): +/- 1.67 Acres
Parking: +/- 84 Spaces
N
Drive-Thru: Yes
Property ID: Johnson County: NP09820000 0001A
Section 1 • Walgreens • Overland Park, KS • 8
Lease Abstract
Walgreens Overland Park, KS
Tenant/Guarantor: Walgreen Co.
Lease/Rent
December 22, 2009
Commencement:
Lease/Rent Expiration: December 31, 2029*
Base Lease Term: 20 Years*
Base Lease Term
Approx. 13.5 Years*
Remaining:
Current Annual Base Rent
$235,000 / $15.86 PSF
/ PSF:
10% increase effective 1/1/2020 & every 5 years
Rental Increases:
thereafter
Effective Option Periods: 8, 5-Year Options*
Renewal Notice: 6 Months
Absolute NNN (Tenant to pay Pro Rata Share of
Lease Type: CAM** for Shopping Center, plus 100% of the real
estate taxes for its parcel.)
Pro Rata Share: 14.66%***
Landlord Responsibility: None
Ownership Interest: Fee Simple in Ground
*This Walgreens lease has a lease term of 60 years through December 31, 2069, with the Tenant
to retain the option to terminate at the conclusion of the last day of the 240th month (Year
20), 300th (Year 25), 360th (Year 30), 420th (Year 35), 480th (Year 40), 540th (Year 45),
600th (Year 50), and 660th (Year 55), with six (6) months’ notice. Years 1-20 is referred to
as the “Base Lease Term” and each of the subsequent years as “Effective Option Periods.”
**CAM includes a 10% Administrative Charge (exclusive of Real Estate Taxes and Insurance Premiums).
***Pro Rata Share calculated by dividing the size of the Leased Premises (73,976 SF) by the size
of the Shopping Center (504,550 SF).
Subject Property Photo
Section 1 • Walgreens • Overland Park, KS • 9
Rent Roll
Rent Schedule
Lease Rent Lease Renewal
Tenant SF Annual
Term Commencement Monthly Annual Rental Type Type
Period Dates Base Rent
Base Rent Base Rent Increase
PSF
12/22/2009 – 12/31/2019 $19,583 $235,000 $15.86 -
Base 1/1/2020 – 12/31/2024 $21,542 $258,500 $17.44 10.0%
1/1/2025 – 12/31/2029 $23,696 $284,350 $19.19 10.0%
Option 1 1/1/2030 – 12/31/2034 $26,065 $312,785 $21.11 10.0%
Option 2 1/1/2035 – 12/31/2039 $28,672 $344,064 $23.22 10.0%
14,820 December 22, Absolute 8, 5-Year
Walgreen Co. 20 Years Option 3 1/1/2040 – 12/31/2044 $31,539 $378,470 $25.54 10.0%
SF 2009 NNN Options
Option 4 1/1/2045 – 12/31/2049 $34,693 $416,317 $28.09 10.0%
Option 5 1/1/2050 – 12/312054 $38,162 $457,949 $30.90 10.0%
Option 6 1/1/2055 – 12/31/2059 $41,979 $503,743 $33.99 10.0%
Option 7 1/1/2060 – 12/31/2064 $46,176 $554,118 $37.39 10.0%
Option 8 1/1/2065 – 12/31/2069 $50,794 $609,529 $41.13 10.0%
Income Statement
Investment Year 0 1 2 3 4 5 6 7 8 9 10
Revenue
Rental Income $235,000 $235,000 $235,000 $246,750 $258,500 $258,500 $258,500 $258,500 $271,425 $284,350
Total Revenue $235,000 $235,000 $235,000 $246,750 $258,500 $258,500 $258,500 $258,500 $271,425 $284,350
Cash Flow Before Debt Service $235,000 $235,000 $235,000 $246,750 $258,500 $258,500 $258,500 $258,500 $271,425 $284,350
*Assumes Year 1 starts 7/1/2016
Section 1 • Walgreens • Overland Park, KS • 10W. 95TH STREET
OAK PARK
MALL
ANTIOCH ROAD
METCALF AVENUE
BROOKRIDGE
GOLF &
FITNESS
SHAWNEE
MISSION SOUTH
COLLEGE BLVD.
QUIVIRA ROAD
SAINT THOMAS
AQUINAS
HIGH SCHOOL
THOMAS S.
STOLL
MEMORIAL
PARK
W. 119TH STREET
Section 1 • Walgreens • Overland Park, KS • 11Section Two
Property Overview
W
Subject PropertySite Plan
95TH ST (25,020
(25,020 VPD)
CARS PER DAY)
95TH STREET
C-1 C-2 C-4
THRU C-6
C-7
C-12/13
C-14
C-16 C-17
C-20
C-21
C-19
C-21B
VPD)
CARS PER DAY)
D-1
D-2
(19,425
D-3
D-4
ANTIOCH
D -5
D-6
(19,425
B-5
ML-2 B-6
ANTIOCH RD
ML-3 B-7
B -8
ML-1 B-9
ML-4
A-1
A-4
N
CHEROKEE SOUTH
Section 2 • Walgreens • Overland Park, KS • 13CHEROKEE SOUTH
Cherokee South Plaza is a 111,294 square-
foot neighborhood retail center located
at the southwest corner of West 95th
Street and Antioch Road in Overland Park,
Kansas. It is one mile from U.S. Route 69,
two miles from Interstate 435 and three
miles from Interstate 35. Surrounded by
dense residential development, the center
is a destination location for the community,
Cherokee South Plaza after redevelopment serving a trade area of over 45,150 people.
In recent years, Cherokee South Plaza
has undergone a major redevelopment,
including new building facades, a repaved
parking lot, new building and site signage,
high-impact landscaping and high-intensity
lighting. These improvements, as well as
a new 85,000 square-foot Hy-Vee directly
across from the center with numerous
outlots already open and currently under
Rendering of Cherokee South Plaza redevelopment development, stimulate traffic to the area.
BEFORE
Cherokee South Plaza before redevelopment
Section 2 • Walgreens • Overland Park, KS • 14Section Three
Tenant Overview
SW
Subject PropertyWalgreens Boots Alliance Organizational Chart
Walgreens
Boots Alliance
Retail Pharmacy Pharmaceutical
USA Wholesale
Retail Pharmacy
International
Duane
Walgreens
Reade Alliance Healthcare
(all 50 States)
(New York)
Benavides (Mexico) Ahumada (Chile) Boots (Europe)
Section 3 • Walgreens • Overland Park, KS • 16Walgreens Boots Alliance Overview
Walgreens Boots Alliance (Nasdaq: WBA) is the the development of a fully integrated, global Walgreens is the largest drugstore chain in
first global pharmacy-led, health and wellbeing platform for the future to provide innovative the US. The company had fiscal 2015 sales
enterprise in the world. The company was ways to address health and wellness challenges. of more than $103.4 billion. Founded with a
created through the combination of Walgreens The company is well positioned to expand single store in Chicago in 1901, Walgreens is
and Alliance Boots in December 2014, bringing customer offerings in existing markets and today continuing to build a seamless customer
together two leading companies with iconic become the health and wellbeing partner of
experience through its 8,182 drugstores and its
brands, complementary geographic footprints, choice in emerging markets.
digital businesses that include Walgreens.com,
shared values and a heritage of trusted
drugstore.com, Beauty.com, SkinStore.com and
health care services through pharmaceutical
VisionDirect.com.
wholesaling and community pharmacy care,
dating back more than 100 years.
COMPANY PROFILE Current Store Growth Plans:
The company employs over 370,000 people 60-120 Stores in Fiscal 2015
and has a presence in more than 25 countries; Company: Walgreens Boots Alliance
it is the largest retail pharmacy, health and
No. of Retail
daily living destination in the USA and Europe. 13,100 (as of 8/31/2015)
Locations: 6.2 Million Customers Visit
Including its equity method investments,
Walgreens Stores Daily
Walgreens Boots Alliance is the global leader in Credit Rating: S&P: BBB
pharmacy-led, health and wellbeing retail with
over 13,100 stores in 11 countries. The company Stock Symbol: WBA (Nasdaq)
includes the largest global pharmaceutical
TENANT PROFILE
wholesale and distribution network with over Employees: 370,000+
350 distribution centers delivering to more
than 200,000 pharmacies, doctors, health Website: www.walgreensbootsalliance.com Company: Walgreens
centers and hospitals each year in 19 countries. No. of Retail
In addition, Walgreens Boots Alliance is the 8,182 (as of 8/31/2015)
Locations:
world’s largest purchaser of prescription drugs
and many other health and wellbeing products. Credit Rating: S&P: BBB
Total Revenue: $103.44 Billion (as of 8/31/15)
Its portfolio of retail and business brands Fortune Magazine: Top 5 World’s Most
includes Walgreens, Duane Reade, Boots and Admired Companies (March 2015) Net Worth: $29.51 Billion (as of 2/29/16)
Alliance Healthcare, as well as increasingly
global health and beauty product brands, such Forbes: 165th out of 2000 Largest Year Founded: 1901
as No7, Botanics and Soap & Glory.
Global Public Companies (May 2015)
Headquarters: Deerfield, Illinois
The creation of Walgreens Boots Alliance
provides an opportunity to further accelerate Website: www.walgreens.com
Section 3 • Walgreens • Overland Park, KS • 17Retail Pharmacy USA Overview
The Retail Pharmacy USA Division’s principal The division has more than 74,000 healthcare August 31, 2015, compared to 8,309
retail pharmacy brands are Walgreens and service providers, including pharmacists, locations (8,207 drugstores) a year earlier.
Duane Reade. Together, they form the largest pharmacy technicians, nurse practitioners and Prior year’s locations included 91 infusion
drugstore chain in the USA. As of August 31, 2015, other health related professionals. Through and respiratory services facilities in which
the division operated 8,173 drugstores across all them, they expect to continue to play a growing a majority interest was sold in fiscal 2015.
50 states, the District of Columbia, Puerto Rico role in government and employer efforts to
and the US Virgin Islands. As of August 2015, control escalating healthcare costs. Pharmacy sales increased by 8.2% in fiscal 2015
approximately 76% of the population of the USA and represented 66.1% of the division’s total sales.
lives within five miles of a Walgreens. Comparable pharmacy sales increased 9.3% in
The Retail Pharmacy USA Division’s
fiscal 2015. The effect of generic drugs, which
strategy is designed to further
The division sells prescription and non- have a lower retail price, replacing brand name
transform the traditional drugstore
prescription drugs, as well as general drugs reduced prescription sales by 1.8% and
by offering ultimate convenience,
merchandise, beauty care and photofinishing. reduced division total sales by 1.0%. Adjusted
driving the best customer loyalty, and
They provide customers with convenient, omni- to 30-day equivalents, the division filled 894
delivering extraordinary customer
channel access to consumer goods and services, million prescriptions in 2015. Third party sales,
and patient care. They seek to expand
pharmacy, and health and wellness services in where reimbursement is received from managed
product and service offerings across
communities across America. They also offer care organizations, government and private
new channels and markets where,
products and services through mail, telephone insurance, were 96.8% of prescription sales.
in addition to stores, customers and
and online, and provide specialty pharmacy and
patients can utilize health system
respiratory services, as well as retail clinics. Retail sales increased 1.9% in fiscal 2015
pharmacies, Walgreens.com, mobile
and were 33.9% of the division’s total sales.
applications and social media sites.
Prescription drugs are the largest product Comparable retail sales increased 1.5%. The
class, followed by general merchandise and increase in comparable retail sales in fiscal
Retail Pharmacy USA 2015 Financial Highlights
nonprescription drugs. 2015 as compared to fiscal 2014 was primarily
attributed to an increase in basket size partially
The Retail Pharmacy USA Division, whose
offset by lower customer traffic.
Percentage of principal retail pharmacy brands are Walgreens
Product Class
Sales (at 8/31/14) and Duane Reade, had fiscal 2015 sales of
Pharmacy: 66% $81.0 billion, an increase of 6.0% over fiscal
2014. Total sales increased primarily due to
Retail: 34%
higher comparable store sales, which were
Total 100%
up 6.4% in fiscal 2015. The division operated
8,182 locations (8,173 drugstores) as of
Section 3 • Walgreens • Overland Park, KS • 18Walgreens-Rite Aid Merger
• On Oct 27th, 2015, both parties entered into a definitive agreement for Walgreens Boots Alliance to purchase all outstanding shares of Rite Aid stock. Walgreens
agreed to a purchase of Rite Aid stock at $9.00 per share (totaling $9.4 billion in cash). Including the assumption of net debt, the deal gave Rite Aid a total enterprise
value of $17.2 billion.
• At the time of purchase, Rite Aid had approximately 4,600 stores in 31 states and the District of Columbia with fiscal annual revenues of $26.5 billion. It is estimated
that with the purchase of Rite Aid, Walgreens Boots Alliance will go from a 31% market share in the drug store market to an estimated 41% market share.
• Pending approval from the Federal Trade Commission (FTC), the transaction is projected to close in the 2nd half of 2016. The deal must be approved by both the FTC
and Rite Aid’s shareholders. The FTC is currently in the process of reviewing the terms of the merger.
Change in Walgreens/Rite Aid Combined Store Count, Post Merger
Section 3 • Walgreens • Overland Park, KS • 19Section Four
Market & Location Overview
SW
Section 2 • Walgreens • Overland Park, KS • 20
Subject PropertyN
Section 4 • Walgreens • Overland Park, KS • 21Location Overview
Overland Park, Kansas traces its roots back to
1905 with the arrival of its founder William B.
Strang Jr., who platted subdivisions, including one
named “Overland Park,” along a military roadway.
Strang envisioned a self-sustaining, well planned
“park-like” community that had strong commerce,
quality education, vibrant neighborhoods,
convenient transportation and accommodating Kansas City Skyline
recreational facilities - all amenities that today,
make Overland Park one of the best places to live
and grow up.
Before Strang’s death in 1921, he established several
housing developments, an interurban railroad and
an airfield. Remnants of his interurban line remain
today as do his limestone car barn at 79th and
Santa Fe Drive (home to Traditions Furniture), and
his Carriage House in Santa Fe Commons Park,
8045 Santa Fe Drive (home to the Overland Park
Historical Society).
On May 20, 1960, Overland Park was incorporated Overland Park Clocktower and Plaza Oak Park Regional Shopping Mall
as a first-class city with a population of 28,085.
The nationally-recognized city now encompasses
73.33 square miles of Johnson County in suburban
Kansas City, and has more than 175,000 residents,
making it the second most populous city in Kansas.
Kansas City is the third largest city behind
Overland Park in the state of Kansas and is the
county seat of Wyandotte County. The city
was incorporated in 1886 and for 73 years was
governed by a three-member elected Board of
Commissioners. In August of 1982, the city held an
election and voters approved a change in the form
of city government. Under the Charter Ordinance
No. 84 the city changed to a seven-member,
Mayor-Council-Administrator form of government
in April, 1983.
Section 4 • Walgreens • Overland Park, KS • 22
Gypsy Market, Kansas City, MOGlenwood Business
District
I-35 (152,679 VPD)
Oak Park Mall
Overland Park Population
US 69 (78,295 VPD)
(within 5 miles):
Brookridge Golf
258,229 & Fitness
I-435 (133,596 VPD)
Town Center Plaza
Section 4 • Walgreens • Overland Park, KS • 23Demographics
9500 Antioch Road | Overland Park, Kansas 0 - 1 mi. 0 - 3 mi. 0 - 5 mi.
Population
2015 Population 11,662 101,227 258,229
2020 Population 12,108 104,668 266,252
2010-2015 Annual Rate 0.33% 0.29% 0.27%
Households
2015 Total Households 5,661 46,023 114,659
2020 Total Households 5,899 47,786 118,604
2010-2015 Annual Rate 0.49% 0.44% 0.40%
2015 Average Household Income $60,790 $74,698 $84,882
N
Section 4 • Walgreens • Overland Park, KS • 24Offered Exclusively by
Brad Feller
Senior Director
bfeller@stanjohnsonco.com
+1 312.240.0194
going beyond
Isaiah Harf
Director
iharf@stanjohnsonco.com
+1 312.777.2437
Blaise Bennett
Associate
bbennett@stanjohnsonco.com
P: +1 312.777.2449
Brandon Duff
Regional Director
In association with:
Chad Byerly
KS Lic. #BR00236011
Stan Johnson Company
303 East Wacker Drive | Suite 1111
Chicago, IL 60601
P: +1 312.240.0127 | F: +1 312.240.0158
stanjohnsonco.com
The information contained herein was obtained from sources believed reliable, however,
Stan Johnson Company makes no guaranties, warranties or representations as to the
completeness thereof. The presentation of this property for sale, rent or exchange is
submitted subject to errors, omissions, change of price or conditions, or withdrawal
without notices.You can also read
