STRONG LEASE FUNDAMENTALS - 10% rental increases every 5 years including options - Four (4) - five (5) year options - Minimal LL responsibilities CORPORATE GUARANTEE FROM CREDIT WORTHY TENANT - Starbucks has a S&P credit rating of BBB+ - Over 35,000 locations worldwide - $30.3B Total Revenue HIGHLY VISIBLE SITE IN LOW VACANCY RETAIL CORRIDOR - Over 900k SF of retail space in a one mile radius - Retail vacancy within a mile is 0% (According to: Costar Data) - The site is located less than a quarter mile away from the North Road Plaza, a fully occupied, 252K SF Walmart anchored shopping center NEW BIRLA CARBON PLANT - Delivering in 2025 and providing more than 100 jobs to the Orangeburg Area is the $1 Billion dollar synthetic graphite plant, located 5 miles north - Birla Carbon’s 435,000 sqft plant will produce materials for electric vehicles, energy storage, and the defense industry CLOSE PROXIMITY TO SOUTH CAROLINA STATE UNIVERSITY - South Carolina State University is located under 3 miles away from the site - The University has over 5,000 students and employs more than 250 full time employees - The School generates $145 Million in total economic impact for the local and regional communities NEW CONSTRUCTION - New build-to-suit Starbucks - Warranties will be assigned to the new owner