Pharmacy Sale Leaseback II DST, a newly formed Delaware statutory trust (the “Trust”) and an affiliate of Inland Private Capital Corporation (“IPCC” ), is hereby offering (the “Offering”) to sell to certain qualified, accredited investors (the “Investors”) pursuant to this Private Placement Memorandum (the “Memorandum”) 99% of the beneficial interests (the “Interests”) in the Trust.
Eight Walgreens Properties
The Trust owns a portfolio of 8 properties leased to Walgreen Co. located at different regions Arkansas, Michigan, Missouri, Tennessee. As of November 30, 2013, Walgreens operated 8,681 locations in 50 states. In 2013, Walgreens opened or acquired 350 locations for a net increase of 197 locations after relocations and closings.