Starbucks

• Absolute NNN Lease – A truly passive investment with zero landlord responsibilities
• Corporate NASDAQ – The lease is signed by Starbucks Corporation which has a market cap of $112B (Source: AlphaMap)
• Outstanding strategic location minutes from a multitude of prominent Los Angeles areas and landmarks
• Driven by mass transit, the city benefits from the Los Angeles Metro Station with two stops in Koreatown
• Close proximity to Hancock Park, Downtown Los Angeles, Hollywood, Mid-Wilshire and Silver Lake
• Koreatown has one of the largest concentrations of night life and 24-hour business and restaurants in the country
• 15 Year term with approximately 8.4 years remaining
• Extremely rare 12.5% rental increases every 5 years, with the next increase on March 1, 2030
• No kickout/termination clause
• Opportunity to acquire 28,096 square-feet of land in the 2nd most dense neighborhood in Los Angeles
• Located in an opportunity zone
• Existing Drive-Thru Use – The drive-thru is a legal nonconforming use that predates current zoning, making new drive-thrus very difficult to entitle in the area.
• Limited Drive-Thru Supply – Few drive-thru sites exist in Koreatown, creating strong competition among operators for existing locations.