Starbucks

Investment Overview

Starbucks Corporation (NASDAQ: SBUX) is an American global coffee company and coffeehouse chain based in Seattle, Washington. Starbucks was founded in 1985 as a local coffee bean roaster and retailer and has grown into the largest coffeehouse company in the world. As of November 2022, there are 35,711 Starbucks locations open across six continents and 79 countries and territories. The Property is a freestanding drive-thru-equipped building totaling approximately 1,764 square feet on ±0.31 acres, offering optimal functionality and long-term real estate utility. Drive-thru formats continue to outperform traditional inline restaurant concepts, catering to consumer demand for convenience and speed. The lease includes a 20-year base term with four renewal options, providing up to 30 years of potential occupancy and income continuity.