| Starbucks recently executed an early five (5) year lease extension, extending the term through February 2033. |
| The property underwent an extensive renovation, with Starbucks investing several hundred thousand dollars in on-site improvements. |
| Starbucks (NASDAQ: SBUX), founded in 1971, boasts a market capitalization exceeding $97.3 billion and reported annual revenue of $37.2 billion in 2025 |
| Positioned at the signalized intersection of Pine Lake Avenue and Newport Boulevard, with traffic counts exceeding 31,300 vehicles per day. |
| The low purchase price and highly replaceable rent compared to other drive-thru locations provides strong downside protection and long-term value. |
| Situated at the primary entrance to a grocery-anchored shopping center featuring Kroger, Tractor Supply, and Buffalo Wild Wings. |
Patrick Wade
CBRE, Inc.
