Investment Overview

STARBUCKS HAS INVESTMENT GRADE RATING OF “BBB+” | 40,789 LOCATIONS • Starbucks has an S&P Investment Grade Credit Rating of “BBB+” and is ranked #120 on the Fortune 500 List. • Starbucks is the world’s premier coffee company with over 40,789 locations and $32.2 billion in annual revenue, ranked #1 in the Food Services Industry by Fortune in 2023. HUNTSVILLE, AL | FASTEST GROWING CITY IN ALABAMA • Huntsville is the largest city in Alabama and the county seat of Madison County, with direct access to I 565, I-65, and Hwy-431. • Huntsville is known as the “Rocket City” – home to NASA’s Marshall Space Flight Center and Redstone Arsenal (45,500+ employees). • Major employers include Boeing, Lockheed Martin, Northrop Grumman, Raytheon, Blue Origin, and Mazda Toyota’s $2.3B plant (300,000 vehicles/yr). • Facebook invested $1B+ in a 3.5M SF Huntsville data center. • Huntsville’s metro population exceeds 500,000 and is the fastest-growing city in Alabama, with nearly 20% growth in the past decade. • Huntsville is a higher education hub with UAH, Alabama A&M, and Oakwood University, providing a skilled workforce. • This Starbucks is located in a rapidly growing market and is the only freestanding Starbucks in North Huntsville. LOCATED DIRECTLY OFF AN EXIT OF NEW BYPASS HWY ($53M PROJECT) • This Starbucks is positioned directly off the new $53 million bypass project, benefiting from a new exit location. This Starbucks is located off the Huntsville Northern Bypass, a direct extension of Hwy 255, which relieves congestion on North Memorial Parkway, one of Huntsville’s busiest corridors. • The bypass allows for a smoother commute from north Alabama and southern Tennessee, bringing more traffic past the site and increasing daily customer exposure. • City and state leaders see the bypass as a “game-changer” that will attract new retail, commercial, and mixed-use development along the route. (Link to Article) ADJACENT TO NEW FOOD CITY & MULTIPLE RESIDENTIAL DEVELOPMENTS • Starbucks sits directly adjacent to a new Food City and multi-purpose retail & residential developments. • Nearby developments include four separate proposed residential communities, a new $28 million Alabama National Guard military training facility, multiple proposed retail developments, and more. AFFLUENT MARKET | 3 MI. HHI $104,617 WITH 7.11% GROWTH • Huntsville is the fastest-growing city in Alabama, with a 3 mile average household income of $104,617 and 7.11% growth. NEW 10 YEAR STARBUCKS WITH 10% INCREASES IN PRIMARY LEASE TERM • This new 2,500 SF Starbucks with a drive-thru is adjacent to the entrance of a new Food City on Hwy 431 (38,092 VPD) in North Huntsville, AL. • Starbucks is currently under construction and is scheduled to open in November 2025. • Starbucks signed a new 10-Year Corporate Guaranteed NN Lease with 10% rent increases in the initial lease and in each of the six 5-year options. • The tenant is responsible for Parking Lot Routine Repair & Maintenance (including Sealing, Restriping, & Sweeping), Landscaping, HVAC, Taxes, and Insurance. • The landlord has limited responsibilities that include Roof, Structure, and Parking Lot repaving & resurfacing. • There is a 20-year transferable roof warranty in place.