MONTANA BROKER OF RECORD.... DAVID MITCHELL, SIOR, CCIM - License No: 38907 Faris Lee Investments is pleased to offer a STNL freestanding Starbucks on a triple net lease in Billings, Montana. The newly constructed property is open for business and is secured by a long-term 10-year lease with four, 5-year renewal options, offering a potential total lease term of 30 years. The lease stipulates 10% rental increases every five years, ensuring a growing income stream and a robust hedge against inflation. This passive investment also features a drive thru which generates approximately 50% more revenue than non-drive-thru locations. The lease is secured by Starbucks Corporation (NSDQ: SBUX), the world’s largest coffee retailer and best-in-class coffee brand. As of June 2025, Starbucks boasts a market capitalization over $106 billion and generated over $36 billion in revenue in Fiscal Year 2024. With over 18,000 restaurants in the United States and over 40,000 locations worldwide, Starbucks continues to demonstrate aggressive growth and financial strength, providing exceptional credit for a passive investment. The Starbucks property features a highly desirable pad location with street frontage on Shiloh Road (21,169 VPD) and Monad Road (7,842 VPD), key retail corridors in Billings. Its proximity to the on/off ramps for Interstate 90 (31,769 VPD) ensures significant accessibility. The property is also located just half a mile from Shiloh Crossing, which Placer.ai ranks as the top-performing shopping center in Montana and in the 96th percentile nationwide, attracting an impressive 5.4 million visits annually. This Class A center is anchored by major retailers Scheels and Kohl’s and features other prominent tenants such as Chipotle and McDonald’s. The surrounding 5-mile radius boasts strong demographics, with over 88,000 residents and 32,000 daytime employees, and an average household income exceeding $113,000. Reinforcing this market strength, Billings—Montana’s most populous city—is experiencing significant residential development and capital investment. Yellowstone County, where Billings is located, added 2,670 new housing units between 2020 and 2024, representing a 4.78% increase in its housing stock. This residential surge is complemented by major capital investment projects, including the new $46 million City Hall that centralizes nearly all city departments, and the commencement of construction on a $950 million hospital by Intermountain Health. This investment offers an ideal combination of a passive lease structure, a corporate guarantee from a premier global brand, and a strategic location within a high-growth market. This is a rare opportunity to acquire a secure, long-term investment with scheduled rental growth and minimal landlord responsibilities.