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STARBUCKS

OFFERING MEMORANDUM | 1010 NORTH GAREY AVENUE | POMONA, CA

STARBUCKS

1010 NORTH GAREY AVENUE | POMONA, CA

OFFERING MEMORANDUM

This Memorandum does not constitute a representation that the business or affairs of the Property or Seller since the date of preparation of this Memorandum have remained the same. Analysis and verification of the information contained in this Memorandum are solely the responsibility of the prospective purchaser.

Additional information and an opportunity to inspect the Property will be made available upon written request of interested and qualified prospective purchasers. Seller and Agent each expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers regarding the Property, and/or terminate discussions with any party at any time with or without notice. Seller reserves the right to change the timing and procedures for the Offering process at any time in Seller's sole discretion. Seller shall have no legal commitment or obligations to any party reviewing this Memorandum, or making an offer to purchase the Property, unless and until such offer is approved by Seller, and a written agreement for the purchase of the Property has been fully executed and delivered by Seller and the Purchaser thereunder.

This Memorandum and the contents, except such information which is a matter of public record or is provided in sources available to the public, are of a confidential nature. By accepting this Memorandum, you agree that you will hold and treat it in the strictest confidence, that you will not forward, photocopy or duplicate it, that you will not disclose this Memorandum or any of the contents to any other entity (except to outside advisors retained by you, if necessary, for your determination of whether or not to make a proposal and from whom you have obtained an agreement of confidentiality) without the prior written authorization of Seller or Agent, and that you will not use this Memorandum or any of the contents in any fashion or manner detrimental to the interest of Seller or Agent.

NET LEASE PRACTICE GROUP

KEN HEDRICK

Executive Managing Director Net Lease Practice Group ken.hedrick@ 918.878.9540

D. ANDREW RAGSDALE, Esq.

Senior Managing Director Net Lease Practice Group andrew.ragsdale@ 918.878.9535

JERRY HOPKINS

Senior Managing Director Net Lease Practice Group jerry.hopkins@ 918.878.9536

BRANDON ROGOFF Managing Director NKF Retail Capital Markets 415.445.5163 Brandon.Rogoff@ CA RE Lic #01949914

DEBT & EQUITY FINANCE

DUSTIN STOLLY

Vice Chairman, Co-Head New York Debt/Structured Finance dustin.stolly@ 212.372.2019

JORDAN ROESCHLAUB

Vice Chairman, Co-Head New York Debt/Structured Finance JRoeschlaub@ 212.372.0755

SUPPORT

JEN BLADEN

Senior Marketing Coordinator Net Lease Practice Group jen.bladen@ 918.878.9534

GARRETT HUIE

Financial Analyst garrett.huie@ 918.878.9534

KEZIA BELFIELD

Administrative Assistant kezia.belfield@ 918.878.9542

THE TEAM

2 STARBUCKS: POMONA, CALIFORNIA NET LEASE PRACTICE GROUP

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3 STARBUCKS: POMONA, CALIFORNIA NET LEASE PRACTICE GROUP

THE INVESTMENT 5 THE OFFERING INVESTMENT HIGHLIGHTS

THE TENANT 7 TENANT/CREDIT OVERVIEW 8 LEASE ABSTRACT RENT SCHEDULE

POMONA, CALIFORNIA 10 LOCATION OVERVIEW 12 DEMOGRAPHICS

THE INVESTMENT

4 STARBUCKS: POMONA, CALIFORNIA NET LEASE PRACTICE GROUP

PURCHASE PRICE $1,809,000

INVESTMENT-GRADE TENANT

NASDAQ: SBUX

(S&P: A- STABLE)

CORPORATE GUARANTEE 7 YEARS REMAINING ON A

10 YEAR LEASE 10%

RENT INCREASES EVERY FIVE YEARS

24,392 VPD

AT E. COLUMBIA & N. GAREY

THE OFFERING

Newmark Knight Frank Capital Markets Net Lease Practice Group (the "Agent") has been engaged as the exclusive sales representative for the sale of 1010 North Garey Avenue in Pomona, California (the "Property").

The Property is 100% leased to Starbucks (Nasdaq: SBUX) and is located within the heart of the Pomona market. The property boasts strong market exposure and benefits from nearby Metrolink rail stops.

INVESTMENT HIGHLIGHTS

DENSE URBAN INFILL LOCATION

The Property is well located just blocks from both the Pomona-Downtown (Red Line) and the Pomona-North (Purple Line) stops on the Metrolink Los Angeles-Riverside commuter rail system. The Property is just south of I-10 (San Bernardino Freeway) within the heart of the Pomona market, and benefits from high exposure and market presence.

7 YEARS REMAINING OF PRIMARY LEASE TERM

The Property boasts a new 10 year primary lease with seven years remaining, which is accompanied by four, five year renewal options.

STARBUCKS CORPORATE GUARANTEED

The Lease is 100% Guaranteed by Starbucks, which is rated A- by Standard and Poor's credit rating.

10% SCHEDULED RENT INCREASES

The Lease provides for scheduled 10% rent increases every 5 years throughout the primary term and option periods.

HIGHLY PASSIVE NN LEASE STRUCTURE

The Property provides investors with the opportunity to acquire a highly passive net lease, with minimal landlord responsibilities.

5 STARBUCKS: POMONA, CALIFORNIA NET LEASE PRACTICE GROUP

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