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Starbucks 1420 Union Ave 1,960 SF Retail Building Memphis, TN 38104 $2,558,721 CAD ($1,305.47 CAD/SF) 6% Cap Rate

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INVESTMENT HIGHLIGHTS

Over 4 Years Remaining | Scheduled Rental Increases | Investment Grade Tenant | Well-Known & Established Brand
Dense Retail Corridor | Strong Tenant Presence | Numerous Surrounding Medical Facilities (1,400+ Beds)
Located Along Union Avenue | Centralized Location |Drive-Thru Equipped | Excellent Visibility & Access

NNN Leased | Fee Simple Ownership | Limited Landlord Responsibilities | No State Income
Direct Residential Consumer Base | Strong Demographics in 5-Mile Trade Area

EXECUTIVE SUMMARY

SRS Real Estate Partners is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, drive-thru equipped, investment grade (S&P: BBB+), Starbucks investment property located in Memphis, TN. The tenant, Starbucks Corporation, has over 4 years remaining on their initial term with 4 (5-year) option periods left to extend. The lease features a 10-15% rental increase at the beginning of each option, growing NOI and hedging against inflation. The lease is signed by the corporate entity and is NN with limited landlord responsibilities, making this an ideal, low-management investment opportunity for a passive investor. Founded in 1971, Starbucks is the premier roaster and retailer of specialty coffee with over 40,000 locations worldwide.