Tenancy: Starbucks Corporation
Building Size: 2008
Renewal Options: Two, 5-Year Options
Lease Expiration: 02/29/2028
Rental Increases: 10% Every 5-Years
• Single-Tenant Starbucks:
∘ Corporate Lease from world’s leading coffee chain [Starbucks Corp]
∘ NN+ Lease with minimal landlord responsibilities, ideal for a passive investor
∘ 2-years remaining on primary term, with two (2), 5-year options
∘ 10% rental increases in options
• About Starbucks:
∘ Starbucks Corp. (NASDAQ: SBUX)
40,000+ stores worldwide
∘ Fortune 500 company | 380,000+ employees
∘ Investment Grade Tenant (BBB+ S&P, Baa1 Moody’s)
∘ $96.4 billion reported market cap (Q1 2025)
∘ $36.2 billion in reported revenue for 2024
∘ 53-years of proven Operating History
Starbucks Corporation is a Seattle, WA-based multinational chain of
coffeehouses and roasteries founded in 1971 by Jerry Baldwin, Zev
Siegl, and Gordon Bowker, As of 2024, the company boasts 40,000+
stores in close to 85 countries and is currently recognized as the world’s
largest coffeehouse chain. Starbucks is one of the highest-recognized
brands in the world, and is consistently ranked as one of the most
admired companies worldwide.
With 170,000+ ways for customers to customize coffee and tea-based beverages, Starbucks
also offers food options varying from pastries, lunch & breakfast items, to sandwiches.
Recognized as the gathering place for friends and family, Starbucks believes in serving the
finest coffee possible by maintaining ethical sourcing practices in Latin America, Africa, and
Asia. SBUX leads the way in sustainable practices and positive impact in local communities,
and creates opportunities through education, training and employment.
