Single Tenant Solutions

[Pages:8]Single Tenant Solutions

Starbucks Coffee

140 FM 1069, Aransas Pass, Texas 78336

For additional information contact:

Barry Silver Email: Barry@TheSilver- Phone: (415) 461 - 0600 / (415) 518-8060

SINGLE TENANT RETAIL INVESTMENT OFFERING

? TEN (10) YEAR PRIMARY TERM ? CORPORATE NET LEASE

? RENT INCREASES 10% EVERY 5 YEARS ? TEXAS IS AN INCOME-TAX FREE STATE

? ADJACENT TO LOWE'S & WALMART ? STARBUCKS CREDIT RATING IS "BBB+"

The Silver Group

thesilver-

Single Tenant Solutions

Investment Summary -

Starbucks Coffee

140 FM 1069, Aransas Pass, Texas 78336

Purchase Price: $2,235,294 Initial Cap Rate: 5.1%

Lease Terms: ? Ten (10) Year Primary Term ? Minimal Landlord Obligations ? Rent Increases 10% Every 5 Years ? Four x 5 Year Renewal Options

Annual Rent Schedule: $114,000 Years 1 - 5 $125,400 Years 6 - 10

Option Rent Schedule:

$137,940 $151,734 $166,907 $183,598

Years 11 - 15 Years 16 - 20 Years 21 - 25 Years 26 - 30

Projected Rent Start Date: August 2021

The subject property is a newly constructed, Starbucks Drive-Thru in Aransas Pass, Texas. The site consists of a freestanding ? 1,950 sf restaurant building, with drive through, on a ? 0.58 acre parcel. Starbucks chose this high traffic (? 21,220 VPD) location adjacent to two of the area's busiest retailers Lowe's Home Improvement and Walmart Supercenter. Other traffic generators in the immediate area include Walgreens Drugstore, Dollar Tree, Army / Navy Credit Union, Aaron's, McDonald's, Pizza Hut, Whataburger, CITGO, Murphy USA and Fairfield Inn. Additional national retailers nearby include H-E-B Grocery, Tractor Supply, Dollar General, Family Dollar, NAPA Auto, Sonic Drive-In, Dairy Queen, Popeye's, AutoZone and O'Reilly Auto. Aransas Pass is located 18 miles northeast of Corpus Christi (pop. 348,000) and 11 miles east of Portland (pop. 17,025) providing surrounding residents and visitors a strong retail hub. Starbucks Aransas Pass is perfect for an investor seeking management-free income from an industry leading, public company with an investment grade credit rating.

Land Area: Building Area:

? 0.58 Acres ? 1,950 SF

Population: Average HH Income:

3 mile 11,627 $64,082

(? 25,038 SF) w/ drive thru

5 mile 21,746 $67,823

The information contained herein has been received from sources we believe to be reliable, but we have made no independent investigation of the accuracy or completeness and make no representation thereto. The above is subject to errors, omissions, or withdrawal from the market. The Silver Group advises all interested parties to conduct their own independent due diligence and not to soley depend on this memorandum.

The Silver Group ? Phone: (415) 461 - 0600

Single Tenant Solutions

Site Plan -

Starbucks Coffee

140 FM 1069, Aransas Pass, Texas 78336

The Silver Group ? Phone: (415) 461 - 0600

Single Tenant Solutions

Aerial Map -

Starbucks Coffee

140 FM 1069, Aransas Pass, Texas 78336

? 10,812 VPD

? 18,900 VPD ? 10,407 VPD

The Silver Group ? Phone: (415) 461 - 0600

Single Tenant Solutions

City Map -

Starbucks Coffee

140 FM 1069, Aransas Pass, Texas 78336

High School

The Silver Group ? Phone: (415) 461 - 0600

Single Tenant Solutions

Starbucks Coffee

140 FM 1069, Aransas Pass, Texas 78336

ABOUT THE TENANT

Starbucks Coffee Company 2020 Global Sales: $23.5 Billion 2020 Global Net Earnings: $928 Million 2020 U.S. Net Revenues: $16.8 Billion Publicly Traded on NASDAQ ("SBUX")

ABOUT THE AREA

Starbucks is the premier global specialty coffee brand operating in 75 countries. Since its founding in 1971, the Company has grown to 33,000 locations worldwide with 2020 sales exceeding $23 billion and operating income of $1.56 billion. The Company roasts high-quality whole bean coffees and sells them, along with fresh, rich brewed coffees, Italian Style espresso beverages, cold blended beverages, a variety of complimentary food items, a selection of premium teas, and beverage related accessories and equipment. The brand portfolio also includes Seattle's Best Coffee, Tazo teas, Teavana, Ethos Water, La Boulange, Evolution Fresh & Torrefazione Italia. Starbucks maintains an investment grade credit rating of BBB+ and trades on the NASDAQ under ticker symbol "SBUX". Starbuck's 2020 financial performance was impacted by the Covid 19 pandemic but by 2nd quarter of 2021, reported double digit comparable store sales increases. Approximately 80 percent of Starbucks' 2020 U.S. transactions were drive-thru or mobile- order-and-pay pick up using the Starbucks App. Their dynamic strategy shows ability to flex with rapidly evolving customer preferences of social distancing using mobile ordering and contactless revenue generating methods. As a result, the total number of 90-day active members in Starbucks' Rewards Loyalty program increased 10% year-overyear.

Aransas Pass, Texas is the daily needs retail hub serving San Patricio County and its population of 67,000 residents. Large adjacent retailers of Walmart Supercenter and Lowe's Home Improvement along with commuters and travelers moving between Corpus Christi and surrounding communities drive combined vehicular traffic counts at the intersection to over 40,000 vpd. Market economic stability is driven by primary industries of oil & gas, import/export businesses, shrimping and farming. The area is also a popular tourist destination for saltwater sports fishing, hunting and has many nearby pedestrian beaches.

Immediate surrounding national retailers Tractor Supply, Walgreens Drugstore, Navy / Army Community Credit Union, McDonald's, Pizza Hut, and Whataburger also drive daily traffic. No direct competition exists in the market and the nearest Starbucks location is over 11 miles southwest in a different city (Portland, TX) and traffic pattern.

Aransas Pass is on the mainland of Texas and is connected to Mustang Island (which contains the city of Port Aransas' 4,000 residents) by a causeway and free ferry. By Texas State Highway 35 and U.S. Route 181, Aransas Pass is 18 miles northeast of Corpus Christi (348,000 residents).

The Silver Group ? Phone: (415) 461 - 0600

Site Selection

February 17, 2021

Single Tenant Solutions

Demographics -

Starbucks Coffee

140 FM 1069, Aransas Pass, Texas 78336

Demographic Snapshot Comparison Report for Starbucks Coffee, 150 S FM 1069, Aransas Pass, TX, 78336:

Population: 2019 Total Population

Female Population Male Population Population Density Population Median Age Employed Civilian Population 16+ % White Collar % Blue Collar Total Q3 2019 Employees Total Q3 2019 Establishments* Population Growth 2000-2010 Population Growth 2019-2024

Income: 2019 Average Household Income Median Household Income Per Capita Income

Avg Income Growth 2000-2010 Avg Income Growth 2019-2024

Households: 2019 Households Average Household Size

Hhld Growth 2000-2010 Hhld Growth 2019-2024

Housing Units: 2019 Occupied Units

% Occupied Units % Vacant Housing Units Owner Occ Housing Growth 2000-2010 Owner Occ Housing Growth 2000-2024 Owner Occ Housing Growth 2019-2024 Occ Housing Growth 2000-2010 Occ Housing Growth 2010-2024 Occ Housing Growth 2019-2024

Race and Ethnicity: 2019 % American Indian or Alaska Native Population

% Asian Population

1 mile(s)

3 mile(s)

5 mile(s)

1,418 49.08% 50.92%

452 38.8 668 44.1% 55.9% 804

59 4.13% -3.80%

$65,971 $51,504 $27,972 31.44% 14.34%

601 2.47 17.81% -1.42%

601 73.25% 26.75% -10.01% -11.13% -1.61% 17.81% -0.15% -1.42%

1.34% 0.84%

11,627 49.44% 50.56%

412 38.8 5,060 43.9% 56.1% 3,429 409 -1.42% 1.44%

$64,082 $45,956 $24,551 43.93% 13.12%

4,430 2.55

5.42% 2.51%

4,430 79.08% 20.92%

4.84% 13.72%

2.50% 5.42% 8.81% 2.51%

0.99% 1.11%

21,746 49.33% 50.67%

277 36.4 9,786 46.0% 54.0% 5,523 629 -1.07% 4.10%

$67,823 $53,715 $25,476 41.90% 12.37%

8,145 2.64

4.43% 4.80%

8,145 80.97% 19.03%

5.93% 19.61%

4.56% 4.43% 14.60% 4.80%

0.96% 1.58%

? 2021 Alteryx, Inc. All rights reserved. Alteryx is a registered trademark of Alteryx, Inc.

Alteryx, Inc. - info@ - - 888 836 4274

The Silver Group Page 6 of 15 ? Phone: (415) 461 - 0600

Single Tenant Solutions

Starbucks Coffee

140 FM 1069, Aransas Pass, Texas 78336

Approved by the Texas Real Estate Commission for Voluntary Use

Texas law requires all real estate licensees to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.

Information About Brokerage Services

Before working with a real estate broker, you should know that the duties of a broker depend on whom the broker represents. If you are a prospective seller or landlord (owner) or a

prospective buyer or tenant (buyer), you should know that the broker who lists the property for sale or lease is the owner's agent. A broker who acts as a subagent represents the owner in cooperation with the listing broker. A broker who acts as a buyer's agent represents the buyer. A broker may act as an intermediary between the parties if the parties consent in writing. A broker can assist you in locating a property, preparing a contract or lease, or obtaining financing without representing you. A broker is obligated by law to treat you honestly. IF THE BROKER REPRESENTS THE OWNER: The broker becomes the owner's agent by entering into an agreement with the owner, usually through a written - listing agreement, or by agreeing to act as a subagent by accepting an offer of subagency from the listing broker. A subagent may work in a different real estate office. A listing broker or subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first. The buyer should not tell the owner's agent anything the buyer would not want the owner to know because an owner's agent must disclose to the owner any material information known to the agent. IF THE BROKER REPRESENTS THE BUYER: The broker becomes the buyer's agent by entering into an agreement to represent the buyer, usually through a written buyer representation agreement. A buyer's agent can assist the owner but does not represent the owner and must place the interests of the buyer first. The owner should not tell a buyer's agent anything the owner would not want the buyer to know because a buyer's agent must disclose to the buyer any material information known to the agent. IF THE BROKER ACTS AS AN INTERMEDIARY: A broker may act as an intermediary between the parties if the broker complies with The Texas Real Estate License Act. The broker must obtain the written consent of each party to the transaction to act as an intermediary. The written consent must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligations as an intermediary. The broker is required to treat each party honestly and fairly and to comply with The Texas Real Estate License Act. A broker who acts as an intermediary in a transaction: (1) shall treat all parties honestly; (2) may not disclose that the owner will accept a price less that the asking price unless authorized in writing to do so by the owner; (3) may not disclose that the buyer will pay a price greater than the price submitted in a written offer unless authorized in writing to do so by the buyer; and (4) may not disclose any confidential information or any information that a party specifically instructs the broker in writing not to disclose unless authorized in writing to disclose the information or required to do so by The Texas Real Estate License Act or a court order or if the information materially relates to the condition of the property. With the parties' consent, a broker acting as an intermediary between the parties may appoint a person who is licensed under The Texas Real Estate License Act and associated with the broker to communicate with and carry out instructions of one party and another person who is licensed under that Act and associated with the broker to communicate with and carry out instructions of the other party. If you choose to have a broker represent you, you should enter into a written agreement with the broker that clearly establishes the broker's obligations and your obligations. The agreement should state how and by whom the broker will be paid. You have the right to choose the type of representation, if any, you wish to receive. Your payment of a fee to a broker does not necessarily establish that the broker represents you. If you have any questions regarding the duties and responsibilities of the broker, you should resolve those questions before proceeding.

Texas Real Estate Brokers and Salespersons are licensed and regulated by the Texas Real Estate Commission (TREC). If you have a question or complaint regarding a real estate licensee, you should contact TREC at P.O. Box 12188, Austin, Texas 78711-2188 , 512-936-3000 ()

The Silver Group ? Phone: (415) 461 - 0600

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