ATTRACTIVE LEASE FUNDAMENTALS - 10% rental increases every 5 years including options - Two (2) - five (5) year options - Minimal LL responsibilities CORPORATE GUARANTEE FROM CREDIT TENANT - Starbucks has a S&P credit rating of BBB+ - Over 35,000 locations worldwide - $30.3B Total Revenue SIGNIFICANT NEARBY DEVELOPMENT - Asheboro and the surrounding Piedmont Triad are experiencing a surge in large-scale industrial and advanced manufacturing investment - Market has attracted 2M+ SF of new industrial and logistics development in the past 24 months - On going retail infill along E Dixie Drive (US-64) includes new QSR, automotive, and service retail - Within a 1-mile radius there is 1.6 M SF of retail space and positive net absorption of 151% in the past 12 months NEW CONSTRUCTION - New build-to-suit Starbucks with a double drive-thru lane - Warranties will be assigned to the new owner HIGH GROWTH ASHEBORO, NC - Over 1.7M people live in Triad & the region has over 900K jobs with a 2.3% job growth since 2022 - Asheboro has experienced significant investment from Envoronmental Air Systems, Energizer, Ross, Klaussner Furniture and Randolph Hospital, and is home to the NC Zoo TOP PERFORMING LOCATION IN HIGHLY SOUGHT AFTER RETAIL CORRIDOR - The subject Starbucks ranks 1 in visits in North Carolina and top 99th percentile in the Country - Fronting E. Dixie Dr (20K VPD) - Nearby Restaurant users include Chipotle, McDonalds, Wendy’s, and Chick-Fil-A - Other National tenants include Walmart, Lowe’s Home Improvement, Marshals, and Hobby Lobby