Investment Highlights

10-YEAR CORPORATE NET LEASE TO HIGH-QUALITY, INVESTMENT-GRADE-TENANT
» 10-year corporate net lease to Starbucks Corporation
» Location is a “Community Store”, which will bolster economic growth by including an environment to connect with and engage the Greensboro community
» 10% fixed rental increases every five years, providing a hedge against inflation
» Investment grade tenant, rated “BBB+” by Standard & Poor’s
» Starbucks Corporation (NASDAQ: “SBUX”) is the world’s premier coffee company, with over 33,833 locations and $29.1 billion in annual revenue

PROMINENT OUTPARCEL LOCATION IN MAJOR GREENSBORO RETAIL CORRIDOR NEAR MAJOR COMMUNITY HUBS
» Outparcel to Food Lion-anchored Golden Gate Shopping Center
» Surrounded by national retailers including Food Lion, Walgreens, CVS, Planet Fitness, Sherwin-Williams, 7-Eleven, Subway, and many others
» Minutes from The Moses H. Cone Memorial Hospital, a 63-acre campus which includes a 628-bed teaching hospital and referral center
» Close proximity to Page High School (2,220 students), Cone Elementary (550 students) and Northeast Academy of Arts and Sciences (350 students)
» Gateway to Downtown Greensboro, the third-most populous city in North Carolina and the 68th-most populous city in the U.S.

HIGH-TRAFFIC LOCATION IN A POPULATED AND GROWING AREA
» Strategically located near the signalized intersection of East Cornwallis Drive and Golden Gate Drive with excellent visibility and access to a combined 16,300 vehicles per day
» 184,594 residents within a five-mile radius of the property, providing a large customer base for this new Starbucks
» Average Annual Household Income of $105,652 within one mile of the property
» Projected income increases within 1-, 3-, 5- mile radii over the next five years poise Starbucks and Greensboro for steady concurrent growth

FULL BUILDING RENOVATION IN 2023
» High-quality 2023 construction featuring a dedicated double drive-thru (16+ vehicle stack), providing additional customer convenience, and boosting sales revenue

Property Description

» Strategically located along East Cornwallis Drive, near the signalized intersection of East Cornwallis Drive and Golden Gate Drive with excellent visibility and access to a combined 16,300 vehicles per day
» The site is an outparcel to Food Lion anchored Golden Gate Shopping Center, which includes a mix of local and national tenants including Planet Fitness, H&R Block, Vito’s Restaurant and many others
» This new Starbucks is also minutes from The Moses H. Cone Memorial Hospital, a 63-acre campus which includes a 628-bed teaching hospital and referral center
» The surrounding area is dense and affluent with 184,594 residents living within a five-mile radius and an average annual household income of $105,652 within one mile, which is expected to increase by more than 13% over the next five years