Investment Highlights

10-YEAR CORPORATE NET LEASE TO HIGH-QUALITY, INVESTMENT-GRADE TENANT
» 10-year corporate net lease to Starbucks Corporation
» Fixed rental increases every five years in initial term and option periods, offering projected growth over a long-term investment
» Investment grade tenant, rated “BBB+” by Standard & Poor’s
» Starbucks is the world’s premier coffee company, with over 35,711 locations and $32.3B in annual revenue (an 11% increase from 2021 revenue of $29.1B)
» 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
» New high-quality 2022 construction built to latest Starbucks prototype
» Site features a drive-thru and patio seating for added customer convenience

STRATEGIC AUSTIN MSA LOCATION NEAR NEW $25B SAMSUNG CHIP PLANT
» High-visibility and easily accessible location along State Route 95/North Main Street, Taylor’s primary north-south thoroughfare traversing the entirety of the city (18,978 AADT)
» Trophy location on a high-traffic corridor and near U.S. Route 79, which connects Texas to Kentucky and will allow the site to capture significant commuter traffic
» Outparcel location to Taylor Plaza, which includes Bealls, Jack in the box, Subway, Radio Shack, and many other local tenants
» 5.9 miles from a world-class Samsung Electronics Chip Plant currently under construction
» The 1,200-acre Samsung plant project is expected to cover 6 million square feet when completed and cost more than $25B in total capital investment, with an additional potential $192B in chip plant investments in the Taylor-Hutto tech corridor
» Excellent proximity to major national tenants such as Walmart Supercenter, H-E-B, McDonald’s, Taco Bell, Sonic Drive-In, Whataburger, and many more

AFFLUENT AND GROWING TEXAS CITY WITH EXCELLENT ACCESS TO AUSTIN
» Strong annual household income of $87,341 within a five-mile radius
» Projected income increases within 1-, 3-, and 5-mile radii over the next five years poise Starbucks and Taylor for steady concurrent growth
» Austin is one of the fastest growing cities for young professionals, ranked the #1 most popular destination and desirable place to live per SmartAsset
» Since January 2023, Austin added 71,000 jobs, making it the 3rd-best performing MSA in the U.S. over that time span
» Texas has no state income tax, estate tax, or inheritance tax

Property Description

» This Starbucks has an easily accessible location along State Route 95/North Main Street, Taylor’s primary north-south thoroughfare traversing the entirety of the city (18,978 AADT)
» The property is centrally located on a high-traffic corridor and near U.S. Route 79, which connects Texas to Kentucky and will allow the site to capture significant commuter traffic
» Ideally set in a large retail corridor, the property is a outparcel location to Taylor Plaza, which includes Bealls, Jack in the box, Subway, Radio Shack, and many other local tenants, and many more, creating significant crossover shopping
» The site greatly benefits from its proximity 5.9 miles from a world-class Samsung Electronics Chip Plant currently under construction (1,200-acres, 6 million square feet, $25B+ in total capital investment, with an additional potential $192B in chip plant investments in the Taylor-Hutto tech corridor)
» Austin is one of the fastest growing cities for young professionals, ranked the #1 most popular destination and desirable place to live per SmartAsset
» Since January 2023, Austin added over 71,000 jobs, making it the 3rd-best performing MSA in the U.S. over that time span
» Projected income increases within 1-, 3-, and 5-mile radii over the next five years poise Starbucks and Taylor for steady concurrent growth