Investment Highlights

NEW 10-YEAR NET CORPORATE LEASE WITH RARE SELF MAINTAIN LEASE
» New 10-year corporate net lease to Starbucks Corporation with rare self-maintain lease language: Tenant responsible for all ongoing maintenance directly
» Investment-grade tenant, rated “BBB+” by Standard & Poor’s
» Starbucks Corporation (NASDAQ: “SBUX”) is the world’s premier coffee company, with over 35,711 locations and $32.3 billion in annual revenue (11% increase from 2021 revenue of $29.1 billion)
» High-quality 2022 construction featuring a dedicated drive-thru lane, providing additional customer convenience, and boosting sales revenue

PROMINENT LOCATION ALONG TOMBALL PARKWAY WITH ACCESS TO OVER 45K VPD IN A DENSE RETAIL CORRIDOR
» Strategic location along State Highway 249/Tomball Parkway with excellent visibility and access to 67,000+ vehicles per day (23,210 AADT along Antoine Drive)
» Beneficial proximity to major Texas thoroughfares, Interstate 45 (319,640 AADT) and Sam Houston Tollway (182,012 AADT)
» Near high-performing Walmart (2.5M visitors in 2022) and Kroger (1.1M visitors in 2022)
» Central location with nearby notable tenants CVS Pharmacy, Chick-fil-A, McDonald’s, Jiffy Lube, Chase Bank and more drawing significant cross over traffic to the site
» 3.7 miles from Lone Star College-Houston North Victory (2,603 students)
» Well positioned along one of the main routes to Willowbrook Mall (140+ stores, 109 million shoppers per year), Houston Methodist Willowbrook Hospital (358 beds), and St. Luke’s Hospital at The Vintage (106 beds)

DENSELY POPULATED HOUSTON SUBURB POISED FOR GROWTH
» Dense population with more than 125,000 residents within a three-mile radius and 320,378 within five miles of the property (12% growth since 2010), creating a large and reliable customer base for the site
» Surrounded by high-density, single-family housing developments, and large townhouse complexes
» 14 miles from George Bush Intercontinental Airport (45 million annual passengers), Houston’s largest airport and the 16th busiest airport in North America, according to ACI-NA
» Approximately 30 minutes from Downtown Houston, the fourth-most populous city in the U.S. with a population of over 2.3 million and 7.2 million in the Houston MSA
» Texas has no state income tax

Property Description

SOLD

» This Starbucks is located along State Highway 249/Tomball Parkway with excellent visibility and access to 67,000+ vehicles per day and maintains beneficial proximity to major Texas thoroughfares, Interstate 45 (319,640 AADT), and Sam Houston Tollway (182,012 AADT)
» The property is centrally located between Walmart Supercenter and Kroger with nearby notable tenants CVS Pharmacy, Chick-fil-A, McDonald’s, Jiffy Lube, and Chase Bank drawing significant cross-over traffic to the site
» The location is just 3.7 miles from Lone Star College-Houston North Victory (2,603 students) and well-positioned along Tomball Parkway, one of the main routes to Willowbrook Mall (140+ stores, 109 million shoppers per year), Houston Methodist Willowbrook Hospital (358 beds), and St. Luke’s Hospital at The Vintage (106 beds)
» The site is supported by a dense population with more than 125,000 residents within a three-mile radius and of 320,378 within a five-mile radius (12% growth since 2010)
» The site is 14 miles from George Bush Intercontinental Airport (45 million annual passengers), Houston’s largest airport and the 16th busiest airport in North America, according to ACI-NA
» Approximately 30 minutes from Downtown Houston, the fourth-most populous city in the U.S. with a population of over 2.3 million