• Starbucks exercised their first option early allowing them to extend their lease term significantly. They now have 12.5 years remaining on their lease with 6 (5-year) options to extend, demonstrating their long-term commitment to the site
• 2022 construction which features high-quality materials, high-level finishes, and distinct Starbucks design elements
• The lease is corporate signed by Starbucks, an investment grade (S&P: BBB+), nationally recognized, and established firm with over 38,000 stores
• The lease features 10% rental increases every 5 years and at the beginning of each option
• Tenant pays for taxes, insurance and maintains most aspects of the premises
• Limited landlord responsibilities to roof & structure
• Ideal, low-management investment for a passive investor
• Starbucks is an outparcel at Smyth Valley Crossing, anchored by Walmart and Ingles Markets
• The immediate trade area is supported by neighboring retailers such as Food Lion, Tractor Supply Co, Food City, Wendy’s, and more
• Off I-81 (35,000 VPD), providing direct on/off ramp access for users
• Equipped with a drive-thru, providing ease and convenience for customers while maximining productivity and efficiency
• Down the road from Marion High School, providing a direct consumer base from which to draw