Newer Lease- PAD to Target- Under Market Rent Starbucks

Investment Highlights

Proven Long Term Corp. NN Lease by Starbucks (NASDAQ: SBUX)- 5+ Yrs. Left with Options Best in Class Tenant/ Iconic Brand - World Largest Coffee House Chain (36K+ Locations) - $115B Cap Strong Real Estate Intrinsics with 30%+ Below Market Rent - 10% Rent Bumps Every 5 Years - Double Drivethru High Profile Hard Corner Outparcel at Silver Lake Village Grocery Anchored Center - Cub Foods Affluent Suburb Minneapolis-St. Paul - Strong Demo?s ($105,716 HHI 1 Mile) - ?Twin Cities? Huge Growth Premiere Location within Dense Mixed Use Retail Trade Area - Surrounded by The Landing Luxury Apts.

Executive Summary

The Snyder Carlton National Net Lease Team is pleased to offer to qualified investors an opportunity to acquire a single tenant net leased investment occupied by Starbucks corporate located in the popular Minneapolis neighborhood of Saint Anthony, MN. Ranked no. 2 in the state for total visits (Creditntell ? 2022), this location has five lease years remaining on the primary term, four 5-year option periods, and 10% rental increases every 5 years. The subject property comprises a 3,421 SF building with drive-thru and on a 0.49-acre parcel adjacent to Silver Lake Village Shopping Center and surrounded by over 3,600 multi-family units within a mile. The Ruby luxury apartments is a brand new multi-family complex of approximately 496 units located adjacent to the property.Positioned directly on Silver Lake Road this property has excellent ingress/egress, sees over 18,000 VPD, and is within 15 minutes of downtown Minneapolis, which has an MSA population exceeding 2.9 million. Nearby retailers include Cub Foods (ranked 6th nationally ? Creditntell ? 2022), Chipotle, Cold Stone Creamery, Culvers, Walgreens, Anytime Fitness, and Valvoline. This is an excellent opportunity to own a single tenant investment grade drive-thru asset, with rent increases every option period and minimal landlord responsibilities.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Fast Food Fast Food General Retail Convenience Store General Retail Freestanding Fast Food
• Building Size    3,421
• Building Class    B
• Year Built    2004
• Price    1,990,000
• Price Per SF    582
• Cap Rate    5.20
• NOI    103,485
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.10
• Land Acres    0.79 AC

• Signage
• Drive Thru