STARBUCKS COFFEE RELOCATION STORE W/ DRIVE-THRU

STARBUCKS COFFEE RELOCATION STORE W/ DRIVE-THRU Tampa (Tarpon Springs), FL

Representative Photo Patrick Nutt Managing Partner 954.302.7365 | patrick.nutt@

OFFERING MEMORANDUM

Starbucks Coffee | Financial Summary

Asking Price $3,300,000

Cap Rate 5.00%

41226 US Hwy 19 North Tampa (Tarpon Springs), FL

Asset Summary

Net Operating Income (NOI) Rent/Month Rentable Square Feet Land Area Tenant Credit Rating Stock Symbol Guarantor Ownership Type Lease Type Landlord Responsibilities Real Estate Tax Store Open Lease Term Remaining Rent Commencement Lease Expiration Increases Options

$165,000 $13,750

2,322+/- SF 0.48+/- Acres Starbucks Coffee

S&P: ANasdaq: SBUX

Corporate Fee Simple

NN Roof & Structure Tenant Pays 100%

Est. 3/1/2019 10 Years (No Early Termination)

March 1, 2019 February 28, 2029 10% Every 5 Years Four (4), Five (5) Year

Rent Schedule

Term Years 1-5 Years 6-10 Years 11-15 Years 16-20 Years 21-25 Years 26-30

Increases -

10% 10% 10% 10% 10%

Annual Rent $165,000 $181,500 $199,650 $219,615 $241,577 $265,734

Monthly Rent $13,750.00 $15,125.00 $16,637.50 $18,301.25 $20,131.38 $22,144.50

Investment Highlights

?? RELOCATION STORE with drive-thru ?? Outparcel to Walmart Supercenter anchored shopping center ?? Tarpon Springs is a part of the Tampa/Clearwater/St. Petersburg MSA ?? Excellent retail corridor - "main & main" Tarpon Springs location ?? High traffic counts - combined 99,000 VPD

Representative Photo

Calkain Companies | 2

Tenant Overview

About Starbucks Coffee

Starbucks Corporation is an American coffee company and coffeehouse chain. The chain was founded in Seattle, Washington in 1971; it operates over 28,218 locations in 70 countries.

Starbucks locations serve hot and cold drinks, whole-bean coffee, microground instant coffee known as VIA, espresso, caffe latte, full- and loose-leaf teas including Teavana tea products, Evolution Fresh juices, Frappuccino beverages, pastries, and snacks; some offerings (including their Pumpkin Spice Latte) are seasonal or specific to the locality of the store. Many stores sell prepackaged food items, hot and cold sandwiches, and drinkware including mugs and tumblers; select "Starbucks Evenings" locations offer beer, wine, and appetizers. Starbucks-brand coffee, ice cream and bottled cold coffee drinks are also sold at grocery stores.

Tenant Snapshot

# of Locations 28,218

Stock Symbol Nasdaq: SBUX

Credit Rating S&P: A-

2017 Revenue $22.4Bil

Market Cap $79.32Bil

Calkain Companies | 3

Location Overview

Subject Site

Tarpon

Springs

275

Clearwater

Tampa

Lakeland

4

Kissimmee

4

St. Petersburg

Distance To

Clearwater Tampa

16 miles 26miles

Hollywood

St. Petersburg Lakeland

31 miles 64 miles

Fort Meade

Fort Meade Kissimmee

86 miles 102 miles

Calkain Companies | 4

E Tarpon Ave 23,000 VPD

Click

41226 US Hwy 19 N | Tampa (Tarpon Springs), FL 34689

Old Location

Subject Site

NEW LOCATION

US Hwy 19 N 76,000 VPD

t View

Location Highlights

Relocation Store w/ Drive-Thru

99,000 VPD Pass the Site

Outparcel to Walmart Supercenter

for Stree

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