Starbucks | Early 10yr Extension | Corp NNN 3200 E Clear Lake Ave

Investment Highlights

Early 10-Year Lease Extension | Long Term Occupancy (20 Years) | Corporate Signature | Investment Grade (S&P: BBB+) Signalized, Hard Corner Intersection | Excellent Visibility & Access | National/Tenant Credit Presence NNN | Fee Simple Ownership | Minimal Landlord Responsibilities Strong Demographics In 5-Mile Trade Area

Executive Summary

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a freestanding, NNN leased, Starbucks investment property located in Springfield, Illinois. The tenant, Starbucks Corporation (NASDAQ: SBUX | S&P: BBB+), has occupied the site since 2004 and recently executed an early 10-year lease extension with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and option periods, growing NOI and hedging against inflation. The lease is signed by the corporate entity, Starbucks Corporation, and is NNN with minimal landlord responsibilities making it an ideal investment opportunity for a passive investor.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Freestanding Freestanding General Retail Restaurant Freestanding
• Building Size    2,000
• Building Class    C
• Year Built    2004
• Price    1,877,000
• Price Per SF    939
• Cap Rate    6.50
• NOI    122,004
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.06
• Land Acres    0.78 AC

• Corner Lot
• Freeway Visibility
• Pylon Sign
• Restaurant
• Signage
• Signalized Intersection