New Construction Starbucks | 10-Yr | TX 2912 N Jackson Rd

Investment Highlights

Executive Summary

? Brand-new (2024), state-of-the-art construction with Starbucks latest prototype ? Corporately guaranteed lease which is backed by BBB+, investment-grade credit (S&P)? New, 10-year initial term with 8% rental increases throughout the initial term and options, providing an excellent hedge against inflation | No kick-out clause in the lease? Outparcel to a Walmart Supercenter-anchored shopping center? Adjacent to a new Construction Take 5 Oil Change, Take 5 Car Wash, & Dairy Queen? New, 15-year roof warranty to be transferred to Buyer at Close of Escrow? Direct access and visibility from Jackson Road which sees ?18,400 VPD? Within a block of a new construction McDonald?s, new construction GO Car Wash, 7-Eleven, Dollar Tree, Domino?s, Sonic, Cricket Wireless, Boost Mobile, T-Mobile, and Tacos Jr? Less than 1.5 miles from Valley View High School | 1,111 students ? Site is located in an income tax-free state (Texas)? Starbucks is ranked #125 on Fortune 500 list (2023), #1 World?s Most Admired Company in the Food Services Industry ? Fortune Magazine (2023), and #1 Most Valuable Restaurant Brand in the World ? Brand Finance (2023)? Starbucks is the world?s largest coffee chain with 38,000+ locations in 76 countries | $35.97B in revenue in 2023, an 9.3% increase from 2022

• Sale Type    Investment
• Sale Condition    Build to Suit
• Property Type    Retail
• Property Subtype    Fast Food Fast Food General Retail Freestanding General Retail Restaurant Fast Food
• Building Size    2,230
• Building Class    B
• Year Built    2024
• Price    2,101,000
• Price Per SF    942
• Cap Rate    5.95
• NOI    125,001
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.05
• Land Acres    0.94 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.