Starbucks

Highlights:

• New 10 Year Lease with No Early Termination – Stable Cash Flow Asset with Minimal Landlord Responsibilities – Four (5-Year) Options to Renew
• Rare Self-Maintain Lease – Starbucks Handles All Day-to-Day Maintenance, Providing for a Unique, Passive Starbucks Investment
• 10% Rent Increases Every 5 Years Throughout the Initial Term and Option Periods, Providing a Strong Hedge Against Inflation
• Corporately Guaranteed Lease by Starbucks Corporation (NASDAQ: SBUX) with an S&P Credit Rating of BBB+ – Over $36.1 Billion in Revenue in 2024 and a Market Cap of Over $128.3 Billion
• Iconic Global Brand – Starbucks is the Second Largest Fast-Food Chain in the World and the Largest Coffeehouse in the World with More Than 40,000 Locations in 87 Countries
• Brand New Construction, Pride of Ownership Asset Featuring Starbucks Latest Prototype Design – a Modern and Aesthetically Pleasing Property
• Equipped with a 15 Car Stack Drive-Thru Situated on a Sizeable 0.756-Acre Parcel with Ample Parking, Providing Starbucks with the Ability to Effectively Handle High Customer Volume
• High Traffic Location with Excellent Access & Visibility – Over 20,000 Vehicles Per Day on W. Belt Line Rd with an Additional 133,565 Vehicles Per Day on Nearby Interstate-35E
• Excellent Demographics – More Than 109,000 Residents in a 5-Mile Radius with Average Household Income Exceeding $104,000 within a 1-Mile Radius of the Property
• Strategically Positioned as a Pad to a Walmart Neighborhood Market That Has Seen More Than 977,000 Visits Over the Last Calendar Year, Bringing Daily Needs Customers Directly to the Site
• Located Directly Across from Lancaster Middle School with More Than 1,100 Students Currently Enrolled
• Approximately 2.5 Miles from the 84 Bed Crescent Regional Hospital with Over $261 Million in Total Patient Revenue in 2023 and a Staff of More Than 250 Healthcare Professionals
• Tremendous Multi-Family Density with Over 17,900 Apartment Units Located within a 5-Mile Radius of the Property
• Texas is an Income Tax Free State with a Strong Economy, Providing an Ideal Location for a 1031 Exchange Asset

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