Investment Highlights

15-YEAR CORPORATE NET LEASE TO INVESTMENT-GRADE TENANT
» New 15-year corporate net lease to Starbucks Corporation
» 10% fixed rental increases every five years
» 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)

HIGH-VISIBILITY LOCATION WITH ACCESS TO OVER 300K DAILY VEHICLES
» Hard corner location with excellent visibility and access to 33,541 combined vehicles per day at the Sunset Boulevard and South Whitney Boulevard signalized intersection
» Prime location in a major commuter corridor, with proximity to highly trafficked thoroughfares State Route 65/Roseville Bypass (117,400 AADT) and I-80/Dwight D. Eisenhower Highway (166,300 AADT)
» Minutes from Westfield Galleria at Roseville (240+ stores), Sutter Roseville Medical Center (382 beds), and Kaiser Permanente Roseville Medical Center (340 beds)
» Less than a mile from Tri City Little League Field and surrounded by single and multi-family developments including Sunset Apartments (344 units), and Woodstream Townhomes and Apartments (137 units)
» Near many well-attended schools within the Rocklin Unified School District, which serves a large student population of over 12,000
» Close to several higher-education institutions, such as Sierra College (18,000 students), and William Jessup University (1,165 students), which is ranked #2 Regional College of the West, and the #2 Best College for Veterans

AFFLUENT COMMUNITY POISED FOR FUTURE GROWTH
» 213,697 residents within a five-mile radius (15% growth since 2010)
» Average annual household income of $148,728 within three miles (projected 13% increase by 2028)
» Gateway to Sacramento the State Capital and the sixth-most populous city in California (500,930 residents, visited by four million people annually)
» 27 miles from Sacramento International Airport, serving 12.3 million passengers in 2022

NEW 2023 HIGH-QUALITY CONSTRUCTION
» High-quality 2023 construction featuring a dedicated dual-lane drive-thru, providing additional customer convenience, and boosting sales revenue
» New building, limiting near-term deferred maintenance or capital costs

Property Description

» Starbucks is located on a hard corner with excellent visibility and access to 33,541 combined vehicles per day at the Sunset Boulevard and South Whitney Boulevard signalized intersection
» The property is in a prime location within a major commuter corridor, with proximity to highly trafficked thoroughfares State Route 65/Roseville Bypass (117,400 AADT) and I-80 (166,300 AADT)
» The site is minutes from Westfield Galleria at Roseville (over 240 stores), Sutter Roseville Medical Center (382 beds), and Kaiser Permanente Roseville Medical Center (340 beds)
» The property is close to Sierra College (18,000 students) and William Jessup University (1,165 students) and surrounded by many well-attended schools within the Rocklin Unified School District serving a student population of over 12,000
» The location is within walking distance from Tri City Little League Field and is surrounded by many single and multi-family developments including nearby Sunset Apartments (344 units) and Woodstream Townhomes and Apartments (137 units)
» 213,697 residents live within a five-mile radius of the property, a significant growth of 15% since 2010
» Well positioned in a high-income community with an average annual household income of $148,728 within five miles and is projected to increase 13% by 2028
» The location is a gateway to Sacramento the state Capital, and the sixth-most populous city in California (500,930 residents, visited by 4 million people annually)
» The site maintains beneficial proximity to several area airports including Sacramento International Airport, which served 12.3 million passengers in 2022