STARBUCKS

STARBUCKS

421 N WHITE MOUNTAIN ROAD, SHOW LOW, AZ

OFFERING MEMORANDUM

260 6,700 STUDENTS 60

SHOW LOW REGIONAL AIRPORT

60

BURGER

KING

DAIRY QUEEN

260

MCDONALD'S

Walgreens

The information in this package has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. ? 2013 Marcus Millichap. ACT ID Z0070501

MARCUS & MILLICHAP

2 // Starbucks

Executive Summary

FINANCIAL SUMMARY Price Down Payment Cap Rate Building SF Net Cash Flow Year Built Land/Lot Size LEASE SUMMARY Lease Type Tenant Guarantor Roof & Structure Lease Commencement Date Lease Expiration Date Rental Increases Renewal Options

$2,170,000 100% $2,170,000

5.30% +/- 2,400 SF 5.30% $114,999.60

2018 .92 Acres

Double-Net (NN) Lease Starbucks Corporate

Landlord Responsible June 4, 2018 June 3, 2028

10% Every 5 Years 4, 5 Year Options

ANNUALIZED OPERATING DATA Lease Years

Current - 6/3/2023 6/4/2023 - 6/3/2028

Options Option 1 Option 2 Option 3 Option 4

Base Rent Net Operating Income Total Return

Annual Rent $114,999.60 $126,500.04 Annual Rent $139,149.96 $153,065.04 $168,371.52 $185,208.72

Cap Rate 5.30% 5.83% Cap Rate 6.41% 7.05% 7.76% 8.53%

$114,999.60 $114,999.60 5.30% $114,999.60

MARCUS & MILLICHAP

3 // Starbucks

MCDONALD'S

18,250 CPD

N WHITE MOUNTAIN RD

NIKOLAUS HOMESTEAD ELEMENTARY SCHOOL

BURGER

KING

DAIRY QUEEN

21,400 CPD

DEUCE OF CLUBS

MARCUS & MILLICHAP

4 // Starbucks

MARCUS & MILLICHAP

SHOW LOW REGIONAL AIRPORT

21,400 CPD

DEUCE OF CLUBS

18,250 CPD

N WHITE MOUNTAIN RD

5 // Starbucks

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