| Starbucks signed an initial lease term of ten (10)-years with two (2), five (5)-year options to extend, demonstrating their long-term commitment. |
| The lease contains strong ten percent (10%) rent increases every five (5) years throughout lease term (including primary and option periods) |
| Starbucks (NASDAQ: SBUX) has been in business since 1971. Its market cap exceeded $97.3 Billion and reported annual revenue over $36.2 Billion (2024). |
| The ground-up construction of the double-drive thru restaurant is the new prototype design and includes car stacking for sixteen (16) vehicles. |
| The large approximately 21,780 sq. ft. lot has access points from both Betteravia Road and Skyway Drive. |
| The property is located across the street from the Santa Maria Police Department and a newly constructed McDonald’s. |
Patrick Wade
CBRE, Inc.
