Located along main commercial corridor (4,798 students)

Located along main commercial corridor

4 schools within 1.5-miles (4,798 students)

Click Here for Property Video:

EXCLUSIVE OFFERING | $2,330,000 ? 5.30% CAP

Starbucks ? Corporate net lease

SUBJECT PROPERTY

132 e hwy 152, mustang, ok (OKC MSA)

214.915.8890

RUSSELL SMITH rsmith@

BOB MOORHEAD bob@

Property. 2,278+ SF building on +0.93 acres.

Tenant. Starbucks Corporation | FY 2018 financials: $24.7 billion in revenue and $4.5 billion in net income | Over 29,000 locations worldwide.

Lease structure. 10-year, corporate net lease with 10% rent increases every 5 years, in primary term and option periods, beginning year 6.

Location. Starbucks is strategically located along State Hwy. 152 "S.W. 74th St." (23,000 VPD) just east of its signalized intersection with N. Mustang Rd. (19,000 VPD), in Mustang, OK. Mustang Rd. is a local thoroughfare that connects the surrounding communities to 4 of the local schools (approx. 4,798 total students) and to the main commercial corridor, 74th St, also known as State Hwy. 152, which leads to OK-4 (14,000 VPD) and Will Rogers World Airport (approx. 3.7 million annual passengers). The immediate trade area features above average household incomes of $81,532 within a 3-mile radius. The immediate trade area also features several national credit tenants including Walmart, Tractor Supply Co., O'Reilly, AutoZone, Whataburger, Taco Bell, Sonic, Wendy's, Domino's, Subway and many others. Starbucks is located approximately 10-miles west of Will Rogers World Airport and 18-miles southwest of Oklahoma City, OK.

Table of contents | Disclaimer

Starbucks

132 e hwy 152, mustang, ok (OKC MSA)

PAGE 2:

TABLE OF CONTENTS | DISCLAIMER

PAGE 3:

INVESTMENT | TENANT | LEASE OVERVIEW

PAGE 4:

TENANT OVERVIEW CONTINUED

PAGE 5-6:

AERIAL PHOTOS

PAGE 7:

PROPERTY PHOTOS

PAGE 8:

SITE PLAN

PAGE 9-10: LOCATION OVERVIEW

PAGE 11-12: LOCATION MAPS

PAGE 13:

DEMOGRAPHICS

Disclaimer

Trivanta ("Agent") has been engaged as an agent for the sale of the property located at 132 E. Hwy. 152, Mustang, OK by the owner of the Property ("Seller"). The Property is being offered for sale in an "as-is, where-is" condition and Seller and Agent make no representations or warranties as to the accuracy of the information contained in this Offering Memorandum. The enclosed materials include highly confidential information and are being furnished solely for the purpose of review by prospective purchasers of the interest described herein. The enclosed materials are being provided solely to facilitate the prospective investor's own due diligence for which it shall be fully and solely responsible. The material contained herein is based on information and sources deemed to be reliable, but no representation or warranty, express or implied, is being made by Agent or Seller or any of their respective representatives, affiliates, officers, employees, shareholders, partners and directors, as to the accuracy or completeness of the information contained herein. Summaries contained herein of any legal or other documents are not intended to be comprehensive statements of the terms of such documents, but rather only outlines of some of the principal provisions contained therein. Neither the Agent nor the Seller shall have any liability whatsoever for the accuracy or completeness of the information contained herein or any other written or oral communication or information transmitted or made available or any action taken or decision made by the recipient with respect to the Property. Interested parties are to make their own investigations, projections and conclusions without reliance upon the material contained herein. Seller reserves the right, at its sole and absolute discretion, to withdraw the Property from being marketed for sale at any time and for any reason. Seller and Agent each expressly reserves the right, at their sole and absolute discretion, to reject any and all expressions of interest or offers regarding the Property and/or to terminate discussions with any entity at any time, with or without notice. This offering is made subject to omissions, correction of errors, change of price or other terms, prior sale or withdrawal from the market without notice. Agent is not authorized to make any representations or agreements on behalf of Seller. Seller shall have no legal commitment or obligation to any interested party reviewing the enclosed materials, performing additional investigation and/or making an offer to purchase the Property unless and until a binding written agreement for the purchase of the Property has been fully executed, delivered, and approved by Seller and any conditions to Seller's obligations hereunder have been satisfied or waived. By taking possession of and reviewing the information contained herein, the recipient agrees that (a) the enclosed materials and their contents are of a highly confidential nature and will be held and treated in the strictest confidence and shall be returned to Agent or Seller promptly upon request; and (b) the recipient shall not contact employees or tenants of the Property directly or indirectly regarding any aspect of the enclosed materials or the Property without the prior written approval of the Seller or Agent; and (c) no portion of the enclosed materials may be copied or otherwise reproduced without the prior written authorization of Seller and Agent.

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Investment overview

Starbucks

132 e hwy 152, mustang, ok (OKC MSA)

PRICE | CAP RATE:

$2,330,000 | 5.30%

NET OPERATING INCOME:

$123,500

BUILDING AREA:

2,278+ Square Feet

LAND AREA:

0.93+ Acres

YEAR BUILT:

2018

LANDLORD RESPONSIBILITY: Roof *, Structure,

& Parking Lot

OWNERSHIP:

Fee Simple Interest

OCCUPANCY:

100%

* 20-Year Roof Warranty

Lease overview

Lease Term: Rent Commencement: Lease Expiration: Lease Type: Rent Increases: Annual Rent Yrs 1-5: Annual Rent Yrs 6-10: Option 1 | Yrs 11-15: Option 2 | Yrs 16-20: Option 3 | Yrs 21-25: Option 4 | Yrs 26-30:

10-Years, Plus (4), 5-Year Options to Extend April 2018 April 2028 Corporate Net Lease 10% Every 5 Years, Beginning Year 6 $123,500 $135,849 $149,435 $164,378 $180,815 $198,897

Tenant overview

Starbucks Corporation, a Washington Corporation.

STARBUCKS | | NASDAQ: SBUX

Starbucks Corporation is an international coffee and coffeehouse chain based in Seattle, Washington, United States. Starbucks is the largest coffeehouse company in the world, with over 29,000 stores globally, including over 14,500 in the United States, followed by over 3,500 in China and more than 1,500 in Canada. Starbucks sells drip brewed coffee, espresso-based hot drinks, other hot and cold drinks, snacks, and items such as mugs and coffee beans. Through the Starbucks Entertainment division and Hear Music brand, the company also markets books, music, and film. Many of the company's products are seasonal or specific to the locality of the store. Starbucks-brand ice cream and coffee are also offered at grocery stores.

Starbucks retail stores are located in high-traffic, high-visibility locations. Its stores are located in or near a variety of settings, including downtown and suburban retail centers, office buildings and university campuses.

The Company sells whole bean and ground coffees, including the Starbucks and Seattle's Best Coffee brands, as well as VIA and other related products, to institutional foodservice companies that service business and industry, education, healthcare, office coffee distributors, hotels, restaurants, airlines and other retailers.

From Starbucks founding in later forms as a local coffee bean roaster and retailer, the company has expanded rapidly. In the 1990s, Starbucks was opening a new store every workday, a pace that continued into the 2000s. The first store outside the United States or Canada opened in the mid-'90s, and overseas stores now constitute almost one third of Starbucks stores.

In fiscal 2018, the company reported revenues of $24.7 billion (10% increase from prior year) and net income of $4.52 billion (up from $2.88 billion in 2017)

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Tenant overview continued

Starbucks

132 e hwy 152, mustang, ok (OKC MSA)

+30,100 78

up to 91m +350,000

*AS OF Q2 FY19

Source:

Click Here FOR Q2 FY19 Earnings Statement

+19,000 %

9/30/2018

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Mustang Rd. (19,000 VPD) Czech Hall Rd.

Aerial photo

Starbucks

132 e hwy 152, mustang, ok (OKC MSA)

S.W. 59th St. (23,000 VPD)

Mustang Public Library

& Sports Complex

State Hwy. 152 "S.W. 74th St." (23,000 VPD)

Centennial Elementary (655 students)

Mustang High School (2,854 students)

Mustang Horizon Intermediate (723 students)

Mustang Middle School (730 students)

St. Anthony Healthplex Mustang

Mustang Elementary (491 students)

Oklahoma Army National Guard Recruiting Office

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