ATTRACTIVE LEASE FUNDAMENTALS - Corporate Guarantee from Credit Rate Tenant - 10% rental increases every 5 years including options - Six (6) - 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 CLOSE PROXIMITY TO HIGH GROWTH UNC PEMBROKE - Less than a half-mile to UNC Pembroke - Over 7,500 students and 420+ faculty - 8 different colleges & schools - Since adopting the NC - Promise Tuition Plan in 2016, enrollment has grown 32% HIGHLY VISIBLE ON A RETAIL CORRIDOR - Fronting W. 3rd St (15.5k VPD) - Over 325KSF of retail space located in a 1-mile radius boasting a 0% vacancy rate - Over 3.7K SF of retail space has been absorbed over the past 12 months - Nearby national tenants include: Jersey Mikes, Circle K, Cook Out, McDonalds, and Burger King NEW CONSTRUCTION - New build-to-suit Starbucks - Warranties will be assigned to the new owner