Adaptive Reuse Medical / Office Opportunity Former Walgreens Conversion Property Overview Property Type: Office / Medical?Total Building Size: 15,187 SF?Built-Out Space: 10,187 SF (Telemedicine / Office)?Available Shell Space: 5,000 SF?Zoning: General Commercial (GC)?Price: $4,500,000 This property is a former Walgreens building that has been partially converted into professional medical/office space, with the remaining shell space providing a value-add leasing opportunity. Financial Overview Metric Amount Asking Price $4,500,000 Total Building Size 15,187 SF Price Per SF $296/SF Market Rent $22/SF Potential Stabilized Income $334,114 Projected Stabilized Cap Rate 7.4% Income Analysis Built-Out Space Income Potential 10,187 SF × $22/SF = $224,114 per year Shell Space Income Potential 5,000 SF × $22/SF = $110,000 per year Total Stabilized Income $224,114 + $110,000 = $334,114 annually Stabilized Cap Rate Cap Rate Formula NOI ÷ Purchase Price $334,114 ÷ $4,500,000 = 7.42% Cap Rate Value-Add Component Approximately 5,000 SF remains as shell space, allowing an investor to create additional value through leasing or build-out. Space Income Potential Existing built-out space $224,114 Lease-up of shell $110,000 Total stabilized income $334,114 Investment Highlights • Former Walgreens adaptive reuse building?• 10,187 SF fully built-out telemedicine / office space?• 5,000 SF shell value-add opportunity?• Strong $22/SF office/medical rental market?• Large floorplate building difficult to replicate today?• Attractive $296/SF acquisition price Ideal Users The property is well suited for: • Telemedicine providers?• Behavioral health clinics?• Urgent care / specialty medical?• Professional office users?• Education / training centers?• Government agencies