DRIVE-THRU ASSET WITH MINIMAL LANDLORD RESPONSIBILITIES

• Starbucks has over five years remaining on a double-net lease and is scheduled to receive a 10% rental increase on September 1st, 2025, significantly increasing investors return
• Irreplaceable drive-thru real estate 0.5 miles from Interstate-25 exit

STARBUCKS IS THE LARGEST COFFEE USER IN THE WORLD

• Investment grade level S&P credit rating of BBB+
• Brian Niccol, the previous CEO of Chipotle, joined as Starbucks CEO in September 2024. Since his arrival, Starbuck’s stock (SBUX) saw exponential growth of +/-25%
• As of their FY Q3 2024, Starbucks has 39,477 locations globally with plans in place to reach 55,000 locations by 2030. Global Net Revenue during FY Q3 2024 was $9.1B, with 75% of sales originating from North America

HEAVILY TRAFFICKED LOCATION IN DESIRABLE COLORADO SPRINGS MARKET

• Starbucks is just east of I-25, Colorado’s primary north-south transportation route. I-25’s exit with W Filmore St sees over 181,000 VPD and provides access to over 82,890 residents within a 3-mile radius.
• The asset’s direct frontage to Filmore St provides over 36,000 VPD
• Colorado Springs consistently ranks among the top five places to live in the United States. Most recently, US News & World Report ranked Colorado Springs the number 1 most desirable place to live in America.

SIGNIFICANT MULTI-FAMILY CONSTRUCTION COMPLEMENTING GROWING POPULATION

• Within a 5-mile radius of the subject property, 3,648 multi-family units have been delivered since January 1st,2020. 1,149 multi-family are also proposed or under construction within the same radius.
• Colorado Springs has seen explosive population growth since the 2010 census, growing by 17.4%. The current population of Colorado Springs is just under 500,000 people.