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
» Starbucks is the world’s premier coffee company, with over 35,711 locations and $32.3 billion 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
» High-quality 2023 construction featuring a dedicated drive-thru lane and patio seating, providing additional customer convenience, and boosting sales revenue

INFILL LOCATION NEAR FREEPORT’S LARGEST EMPLOYER AND TRAFFIC DRIVER
» Infill location along North Brazosport Boulevard (22,234 AADT), Freeport’s primary north-south thoroughfare connecting the city to Houston
» Prime setting surrounded by Freeport’s Dow Chemical locations, which feature 7,000 combined employees
» Trophy location at the entrance to multiple Gulf-of-Mexico-based community hubs and attractions, including Bryan Beach, Surfside Jetty County Park, and Freeport Beach
» Excellent proximity to major national tenants such as Walmart Supercenter, Target, The Home Depot, Lowe’s, H-E-B, ALDI, and many more

DENSELY POPULATED AND GROWING TEXAS CITY WITH EXCELLENT SUBURBAN DEMOGRAPHICS
» 91,110 residents live within fifteen miles of the property
» Excellent daytime population of 32,902 within a five-mile radius of the site
» High average annual household income of $105,750 within 10 miles
» Projected population and income increases within 10- and 15-mile radii over the next five years poise Starbucks and Freeport for steady concurrent growth

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

» Prime Location with Excellent Highway Visibility: This Starbucks is a prime Infill location along North Brazosport Boulevard (22,234 AADT), Freeport’s primary north-south thoroughfare connecting the city to Houston
» Strategic Location near Major Employer: The property is situated near Freeport’s largest employer, Dow Chemical, which features 7,000 combined employees
» Proximity to Major Community Hubs: This site is well-positioned to capture retail traffic, with proximity to major national tenants such as Walmart Supercenter, Target, The Home Depot, Lowe’s, H-E-B, ALDI, and many more
» Robust Local Demographics: 91,110 residents live within fifteen miles of the property, accompanied by an affluent community boasting an average annual household income of $105,750 within 10 miles
» Prime Suburban Site with High-Growth Projections: The location features an excellent daytime population of 32,902 within a five-mile radius of the site in an income tax-free state. The site is also projected to experience population and income increases within 10- and 15-mile radii over the next five years, poising Starbucks and Freeport for steady concurrent growth