STARBUCKS - LoopNet...STARBUCKS 5 TENANT SUMMARY Tenant Trade Name Starbucks Corp. Ownership Public Tenant Corporate Guarantor Credit Investment Grade, S&P: A-Lease Guarantor Corporate,

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2008 6th AvenueTacoma, WA 98403

INVESTMENT OFFERING

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DISCLAIMER

Principals hereby advise all prospective purchasers of Single Tenant Net Leased property as follows:

The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Principals has notand will not verify any of this information, nor has Principals conducted any investigation regarding these matters. Principals make no guarantee,warranty or representation whatsoever about the accuracy or completeness of any information provided.

As the Buyer of a single tenant property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of allmaterial information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligenceinvestigation of this investment opportunity. Principals expressly deny any obligation to conduct a due diligence examination of this Propertyfor Buyer.

Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current orfuture performance of this property. The value of a single tenant property to you depends on factors that should be evaluated by you and yourtax, financial and legal advisors.

Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any single tenantproperty to determine to your satisfaction with the suitability of the property for your needs.

Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request andcarefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or otherlocations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, orcomparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, ormay fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmentalor other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of allmatters affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenantif the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacementtenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property.

By accepting this Marketing Brochure you agree to release Principals and hold them harmless from any kind of claim, cost, expense, orliability arising out of your investigation and/or purchase of this single tenant property.

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TABLE OF CONTENTS

Table of Contents........................................................................................................................................3

Pricing & Financial Analysis .......................................................................................................................4

Tenant Summary .......................................................................................................................................5

Investment & Location Overview..................................................................................................................6

AutoZone - Corporate Description...............................................................................................................7

Aerial, Pictures of Property, Street View…………...................................................................................8-17

Demographics..........................................................................................................Will Provide Separately

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PRICING & FINANCIAL ANALYSIS

LOCATION ANNUALIZED OPERATING DATA2008 6th Avenue Annual RentTacoma, WA 98403

March 1, 2018 – February 28, 2023 $48,616.00March 1, 2023 – February 28, 2028 $53,560.00

Price $1,117,609

Option PeriodsRentable Square Feet 824 SF Years 2028 – 2033 $58,916.00Price/SF $1,356.32 Years 2033 – 2038 $64,807.60CAP Rate 4.35%

Year Built /Renovated 2004 Expenses:

Real Estate Taxes Tenant ResponsibilityLot Size 0.09 Acres Insurance Tenant ResponsibilityType of Ownership Fee Simple Roof and Structure Landlord Responsibility

Parking Lot and Landscape Tenant Reimburses

Net Operating Income $48,616.00

Total Return 4.35% $48,616.00

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TENANT SUMMARY

Tenant Trade Name Starbucks Corp.Ownership PublicTenant CorporateGuarantor Credit Investment Grade, S&P: A-Lease Guarantor Corporate, Public, NYSE: SBUX

Lease Type Fee Simple

Roof and Structure Landlord ResponsibleLease Term 10.0 Years*

Lease Expiration Date 2/28/2028Term Remaining on Lease 9.0 Years

Increases 10% Every Five Years during the Initial Period AND Options Periods

Options Two, Five-Year Options

*Please Request Lease Agreements for further clarification

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INVESTMENT & LOCATION OVERVIEW

Highlights

• Corporate Guaranteed ($22.387 Billion Revenue/ $87.90 Billion Market Cap approximately)• Starbucks: #132 in Fortune 500 – S&P A- Rating – Investment Grade• Proven Location – Renewed Lease Early through February 28, 2028• Proven Location – Remodel of Inside Scheduled to Take Place in 2019-2020• Approximately 9.0 Years remaining on initial lease term• Excellent location on 6th Avenue adjacent to KFC/A&W and Walgreens• Excellent Location in Tacoma, WA – 7.35% Growth Expected over the next 5 years• Excellent Traffic Counts - Over 26,700 Cars per Day on 6th Avenue• Demographics – over 100,000 people in a 3 mile radius• Excellent Retail Trade Area – over $70,240 average household income in a 3 mile radius – retailers

include Walgreens, KFC and A&W, Jack in the Box, T-Mobile, Jiffy Lube, Taco Bell, O’Reilly AutoParts, Subway and 7-Eleven

The Starbucks # 13,916 - is a proven double net Fee Simple location with landlord responsibilities forRoof and Structure. The property is located in a University of location near Puget Sound and only 32miles south of Seattle. A scheduled remodel is to take place in 2019 as the property was renewed earlyon March 1, 2018.

The property is located at 2008 6th Avenue in Tacoma, Washington with easy access from 6th Ave,Division Ave and S. Sprague Ave. The Interstate access is off I-705 Freeway. The Starbuck property isa 804 Square Feet and built in 2004. The property is offered at a 4.35% Cap Rate with just over 9 yearsremaining on the lease term. Roof & Structure maintenance is required throughout the lease term with a10% increase in year 6 and 10% increases during the two, five-year options.

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CORPORATE DESCRIPTION

Starbucks Corporation (Starbucks) is a roaster, marketer and retailer of coffee. As ofOctober 2, 2016, the Company operated over 22,000 locations in 75 countries. TheCompany operates through four segments: Americas, which is inclusive of the UnitedStates, Canada, and Latin America; China/Asia Pacific (CAP); Europe, Middle East, andAfrica (EMEA), and Channel Development. The Company's Americas, CAP, and EMEAsegments include both company-operated and licensed stores. Its Channel Developmentsegment includes roasted whole bean and ground coffees, Tazo teas, Starbucks- andTazo-branded single-serve products, a range of ready-to-drink beverages, such asFrappuccino, Starbucks Doubleshot and Starbucks Refreshers beverages and otherbranded products sold across the world through channels, such as grocery stores,warehouse clubs, specialty retailers, convenience stores and the United States foodserviceaccounts.

$22.38 billion in sales in fiscal 2018

22,000+ stores in 75 countries

Investment Grade – A- Rating by Standard & Poor’s

Headquartered in Seattle, Washington

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AERIAL

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AERIAL – Tacoma is a University town – for Puget Sound

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AERIAL of Tacoma, WA

Roughly 32 miles south of Seattle, WA

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PICTURES OF PROPERTY

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PICTURES OF PROPERTY

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PICTURE OF PROPERTY

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PICTURE OF PROPERTY

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PICTURE OF PROPERTY

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DRIVE THRU

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STREET VIEW

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For further information, Please Contact:

Sumner HollingsworthNNN Equity Advisors(626) 353-5597 Direct

Lic # 01457401sumner@nnnequityadvisors.com