- Starbucks selected this location for a brand new built-to-suit drive-thru facility with a 10-year net lease. There are 4 (5-year) options to extend, demonstrating their long-term plans and commitment to the site
- 2024 construction which features high-quality materials, high-level finishes, and distinct Starbucks design elements
- The lease is corporate signed by Starbucks, an investment grade (S&P: BBB+), nationally recognized, and established firm with over 39,000 stores
- The lease features 10% rental increases at the beginning of each option, growing NOI and hedging against inflation
- Tenant pays for taxes, insurance and maintains most aspects of the premises
- Limited Landlord responsibilities for roof, structure, and CAM administration
- Ideal, low-management investment for a passive investor