Starbucks 301 Sierra St

Investment Highlights

Recently Remodeled Building, Brand New NNN

Executive Summary

* International Brand, Corporate Tenancy ? Starbucks (Nasdaq: SBUX) the nation's largest purveyor of specialty coffee and tea with over 38,000 stores across 84 countries, a market cap of over $107 billion, revenue of $36 billion in 2023 and investment grade BBB+ S&P credit rating * Recently Remodeled Building, Brand New NNN Lease ? Starbucks is expected to open Q3 2024 on a new 10-year lease with 3 additional 5-year options to renew, demonstrating the tenant?s desire for this location * Outparcel to T-Mobile Customer Experience Center ? Starbucks is strategically located adjacent to the T-Mobile Customer Experience Center which opened in 2022 and employs approximately 1,200 people, creating a built-in customer base to the Starbucks in addition to the Highway 99 travelers stopping off in the area * Freestanding Drive-Thru Building ? High-quality, freestanding drive-thru property currently undergoing upgrades, with Starbucks investing significant capital into the site * Unsurpassed Highway 99 Access, High Traffic Location ? Located along the primary thoroughfare within Kingsburg, Sierra St (13,600+ CPD) with easy access to the heavily traveled Highway 99 (69,700+ CPD)

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Fast Food
• Building Size    3,213
• Building Class    B
• Year Built    1993
• Price    3,191,000
• Price Per SF    993
• Cap Rate    4.70
• NOI    150,000
• Percent Leased    100
• Building Height    1 Story
• Building FAR    0.13
• Land Acres    0.55 AC

• Air Conditioning