Investment Highlights

NEW 10-YEAR NET CORPORATE LEASE TO THE LARGEST COFFEEHOUSE COMPANY IN THE WORLD
» New 10-year corporate net lease to Starbucks Corporation (NASDAQ: “SBUX”)
» Investment-grade tenant, rated “BBB+” by Standard & Poor’s
» 10% rental increases every five (5) years in initial term and 7.5% rental increases in option periods
» Starbucks is the world’s premier coffee company, with over 35,711 locations and $32.3B in annual revenue (an 11% increase from 2021 revenue of $29.1 billion)
» Per Statista, customers go to Starbucks six times per week on average
» Approximately 60 million Starbucks customers are served every week, while approximately four million coffee-based beverages are sold daily
» Rare self-maintain language, providing an extremely passive Starbucks investment

CENTRAL LOCATION IN THE AREA’S PRIMARY RETAIL CORRIDOR NEAR SEVERAL COMMUNITY HUBS
» Walking distance from Prosper High School with over 4,000 students and faculty
» Surrounded by several new retail developments with tenants including 7-Eleven, Dunkin’ Jersey Mike’s Subs, Zips Car Wash and more coming soon
» Just down from a Kroger anchored shopping center with other major national retailers including AutoZone, Chase Bank, Bank of America, Salad and Go among others
» Located just off the signalized intersection of S Preston Rd and W Frontier Pkwy with a combined 35,495 vehicles per day

PROMINENT LOCATION IN RAPIDLY DEVELOPING CITY IN THE DALLAS-FORT WORTH METROPOLITAN AREA
» Celina has been ranked the #1 fastest growing city in North Texas for three years in a row by the Dallas Business Journal
» Walking distance to Cambridge Park Estates, a new residential community that will have over 150 homes
» Population within 5 miles of this Starbucks is projected to increase by more than 29%over the next 5 years poising Starbucks and Celina from strong concurrent growth
» The surrounding area is affluent and densely populated with 96,237 residents and an average household income over $195,594 within 5 miles of the property

NEW 2023 CONSTRUCTION IN A TAX-FREE STATE
» New high-quality 2023 construction built to latest Starbucks prototype
» Site features a drive-thru for added customer convenience
» Texas is an income tax-free state

Property Description

» New 10-year corporate net lease to Starbucks Corporation (NASDAQ: “SBUX”)
» Rare self-maintain language, providing an extremely passive Starbucks investment
» Located just off the signalized intersection of North Preston Road and West Frontier Parkway with a combined 49,854 vehicles per day
» Celina has been ranked the #1 fastest growing city in North Texas for three years in a row by the Dallas Business Journal
» Walking distance to Cambridge Park Estates, a new residential community that will have over 150 homes
» New high-quality 2023 construction built to latest Starbucks prototype featuring a dedicated drive-thru