• Starbucks selected this location for a brand new built-to-suit drive-thru facility with a 10-year net lease. There are 4 (5-year) options to extend, demonstrating their long-term plans and commitment to the site
• 2024 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 39,000 stores
• The lease features 10% rental increases at the beginning of each option, growing NOI and hedging against inflation
• Tenant pays for taxes, insurance and maintains most aspects of the premises
• Limited Landlord responsibilities for roof, structure, and CAM administration
• Ideal, low-management investment for a passive investor
• Starbucks is located at the signalized, hard corner intersection of Penn Ave. and Green Valley Rd. averaging a combined 30,700 VPD
• Penn Ave. is a primary retail thoroughfare serving the city of Sinking Spring with surrounding retailers such as Popeyes, Sheetz, Dollar Tree, Wendy’s, Tractor Supply Co., and more
• The site is complete with a drive-thru to maximize both sales and convenience to the customer base immediately surrounding the site
• The asset benefits from excellent visibility via significant street frontage
• First & Only Free-Standing Starbucks Drive-Thru in Trade Area
• More than 94,000 residents and 57,800 employees support 5-mile trade area
• Residents within 1-miles of the site boast an affluent average household income of $139,331