Starbucks | 13+yrs Remain Corp NN | S&P: BBB+ 1580 US-72 Hwy

Investment Highlights

13+ Years Remaining | 2022 Construction | Options to Extend | Corporate Signed (S&P: BBB+) | Scheduled Rental Increases Dense Retail Corridor | Strong National/Credit Tenant Presence Strong Demographics in 5-Mile Trade Area NN | Fee Simple Ownership | Limited Landlord Responsibilities Strategically Located Along U.S. Hwy 72 (24,000 VPD) | Excellent Visibility & Access | Drive-Thru Equipped

Executive Summary

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NN leased, corporate signed, investment grade (S&P: BBB+) Starbucks investment property located in Corinth, Mississippi. The tenant, Starbucks, has over 13 years remaining on their current lease with 6 (5-year) options to extend, demonstrating their commitment to the site. Starbucks exercised a five year option early to make the original term length 15 years instead of the more common 10 year term. The lease features 10% rental increases every 5 years throughout the initial term and 8% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with landlord responsibilities to roof, structure, and parking lot. The newly-constructed building features a state-of-the-art design with high-quality materials. Since 1971, Starbucks Coffee Company has been committed to roasting high-quality arabica coffee. Today, with more than 38,000 stores worldwide, the company is the premier roaster and retailer of specialty coffee in the world.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Fast Food Fast Food General Retail Fast Food General Retail Restaurant Fast Food
• Building Size    2,500
• Year Built    2022
• Price    2,656,000
• Price Per SF    1,062
• Cap Rate    6
• NOI    159,376
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.04
• Land Acres    1.42 AC
• Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

• Freeway Visibility
• Pylon Sign
• Restaurant
• Signage
• Drive Thru