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
» Rare self-maintain language, providing extremely passive Starbucks investment
» Approximately 60 million Starbucks customers are served every week, while approximately four million coffee-based beverages are sold daily

EXCELLENT LOCATION AT THE CONFLUENCE OF MAJOR FLORIDA THOROUGHFARES
» Prime location near the signalized four-way intersection of Roosevelt Boulevard and Dodge Street (46,000 AADT)
» Beneficial proximity to U.S. Route 19, a long-haul thoroughfare connecting Lake Erie to the Gulf of Mexico, allowing the site to capture significant commuter traffic (111,000 AADT)
» Excellent proximity to major national tenants such as Walmart Supercenter, Costco, Sam’s Club, The Home Depot, Publix, Carmax, McDonald’s, Raising Cane’s, and many more
» Three miles St. Pete-Clearwater International Airport, which welcomed 2,445,919 passengers in 2022, a 20% increase from 2021

CENTRALLY LOCATED CITY WITH EXCELLENT SURROUNDING FLORIDA DEMOGRAPHICS
» 233,277 residents live within five miles of the property
» Average annual household income of $81,948 within a five-mile radius of the site, with a projected increase of 17% over the next five years
» Projected income increase within 1-, 3- and 5-mile radii over the next five years, poising Starbucks and Largo for steady growth
» Located between Tampa, St. Petersburg, and Clearwater, attracting significant commuter traffic to the site
» Largo is the third-largest city in Pinellas County as well as the fourth largest in the Tampa Bay area
» Future job growth in Largo over the next ten years is predicted to be 43.7%, well above the U.S. average of 33.5%

NEW 2023 CONSTRUCTION IN A TAX-FREE STATE
» High-quality 2023 construction featuring a dedicated dual-lane drive-thru lane and patio seating, providing additional customer convenience, and boosting sales revenue
» Florida is an income tax-free state

Property Description

» This Starbucks has a prime location near the signalized four-way intersection of Roosevelt Boulevard and Dodge Street (46,000 AADT)
» The property is ideally located just off U.S. Route 19, a long-haul thoroughfare connecting Lake Erie to the Gulf of Mexico, allowing the site to capture significant commuter traffic (111,000 AADT)
» Ideally set in a large retail corridor, the property is surrounded by notable tenants such as Walmart Supercenter, Costco, Sam’s Club, The Home Depot, Publix, Carmax, McDonald’s, Raising Cane’s, and many more, creating significant crossover shopping
» The site greatly benefits from its proximity three miles St. Pete-Clearwater International Airport, which welcomed 2,445,919 passengers in 2022, a 20% increase from 2021
» 233,277 residents live within a five-mile radius of the site, providing an extremely large and reliable customer base
» Projected income increases within 1-, 3-, and 5-mile radii over the next five years poise Starbucks and Largo for steady concurrent growth