STARBUCKSEDINBURGH, IN

STARBUCKS

5.60%CAP

$1,930,536PRICE

LEASEABLE SF2,276 SF

LAND AREA1.17 Acres

LEASE TYPECorporate -No Kick Out

LEASE EXPIRATION2/29/2028

YEAR BUILT2018

11900 N US-31, EDINBURGH, IN 46124

10-year lease with rental increases every five years

S&P “A-” Credit Rating - $22.4B 2017 Revenues

35 miles south of Indianapolis

Across from Edinburgh Premium Outlets – which has 85 stores

including Coach, Adidas, Polo Ralph Lauren, and others

Click HERE for more info on the Outlets

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

2

Overview

THE OFFERING is a Starbucks with drive-thru in Edinburgh, Indiana. The subject property is a pad across the street from the Edinburgh Premium Outlets which features 85 national retailers. The shopping center is the primary retail trade area of Edinburg and draws visitors from surrounding communities. The subject property is the only coffee drive-thru in the immediate area that services the employees and customers of the outlet stores. The property enjoys over 35,000 vehicles per day from Highway 31 and another 45,000 vehicles per day from Interstate 65, which is less than 2 minutes away. Given the amount of traffic and retailers in the immediate area, there are not any available pads in front of or across from the outlets.

THE RETAIL MARKET - Immediate area retailers include Nike Factory Store, Adidas Factory Store, Colombia Sportswear, Coach, Banana Republic, Tommy Hilfiger, Gap, Charlotte Russe, and many more.

JOHN ANDREINIjandreini@capitalpacific.comPH: 415.274.2715CA BRE# 01440360

Contact the team

IN CONJUNCTION WITH IN LICENSED BROKER: Veritas Realty317.472.1800

STARBUCKS HAS OVER 13,000 LOCATIONS THE U.S.

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

SURROUNDING RETAIL

3

Investment Highlights

65

31

31

HARTMAN DRIVE

45,320 VPD

35,740 VPD

INDIANAPOLIS37 MILES

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

Aerial

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SELECT TENANTS Abercrombie & Fitch Outlet, adidas, American Eagle Outfitters, Ann Taylor Factory Store, Banana Republic Factory Store, Calvin Klein Company Store, Coach Factory Store, Express Factory Outlet, Gap Outlet, G.H. Bass & Co., GUESS Factory Store, Gymboree Outlet, J.Crew Factory, Levi’s Outlet Store, Michael Kors, Nike Factory Store, OshKosh Outlet, Polo Ralph Lauren Factory Store, Puma, Tommy Hilfiger Company Store, Under Armour, Van Heusen, VF Outlet, White House I Black Market

TOURISM / TRAFFIC Indianapolis is one of the nation’s fastest growing metropolitan areas but has not lost its small town flavor and friendly atmosphere. In addition to its growing permanent population, Indianapolis welcomes an estimated 18 million visitors annually, which includes leisure travelers and convention delegates. Indianapolis is also home to some of the largest single-day sporting events in the world including the Indianapolis 500 in May and the Brickyard 400 in July.

MAJOR METROPOLITAN AREAS

Indianapolis: 35 milesBloomington: 45 milesLouisville, KY: 80 milesCincinnati, OH: 100 miles

RETAIL

GLA (sq. ft.) 378,000; 80 stores

OPENING DATES

Opened 1989Expanded 1994, 2005

LOCATIONS / DIRECTIONS

Conveniently located at the intersection of I-65 and US 31, 35 miles south of Indianapolis.— Bloomington, IN: Take US 46E, I-65N, Exit 76B— Louisville, KY: Take I-65N, Exit 76B— Cincinnati, OH: Take I-74W, US 46W, I-65N, Exit 76B This site plan is a rendering that has been created based on sources we believe to be reliable. We make no representations

or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

55

About Edinburgh Outlets

6

Zoomed-In AerialSurrounding Retail

6

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

PRICE $1,930,536 Price Per Square Foot: $848.21

Capitalization Rate: 5.60%

Total Rentable Area (SF): 2,276

Lot Size (AC): 1.17

STABILIZED INCOME PER SQUARE FOOTScheduled Rent $47.50 $108,110

Effective Gross Income $47.50 $108,110

LESS PER SQUARE FOOTTaxes NNN $0.00

Insurance NNN $0.00

Total Operating Expenses NNN $0.00

EQUALS NET OPERATING INCOME $108,110

7

Income & Expense

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

TENANT INFO LEASE TERMS RENT SUMMARY

TENANT NAME SQ. FT. CURRENT RENT

MONTHLY RENT

YEARLYRENT

MONTHLY RENT/FT

YEARLYRENT/FT

Starbucks 2,276 2/15/2018 2/28/2023 $108,110 $9,009 $108,110 $3.96 $47.50

3/1/2023 2/29/2028 $9,685 $116,218 $4.26 $51.06

Option 1 3/1/2028 2/28/2033 $10,411 $124,935 $4.57 $54.89

Option 2 3/1/2033 2/28/2038 $11,192 $134,305 $4.92 $59.01

Option 3 3/1/2038 2/28/2043 $12,031 $144,378 $5.29 $63.43

Option 4 3/1/2043 2/29/2048 $12,934 $155,206 $5.68 $68.19

TOTALS: 2,276 $108,110 $9,009 $108,110 $3.96 $47.50

8

Rent Roll

BASE RENT

DATE RANGE MONTHLY RENT ANNUAL RENT

2/15/2018 - 2/28/2023 $9,009 $108,1103/1/2023 - 2/29/2028 $9,685 $116,218

OPTION RENTSDATE RANGE MONTHLY RENT ANNUAL RENT

#1. 3/1/2028 - 2/28/2033 $10,411 $124,935 #2. 3/1/2033 - 2/28/2038 $11,192 $134,305#3. 3/1/2038 - 2/28/2043 $12,031 $144,378#4. 3/1/2043 - 2/29/2048 $12,934 $155,206

RENT

TENANT StarbucksBUILDING SF 2,276 SFLEASE TYPE NN CorporateTERM 10 YearsRENT COMMENCEMENT February 15, 2018EXPIRATION February 29, 2028OPTIONS Four 5-year options

PREMISE& TERM

TAXESTenant shall pay, directly to the taxing authority, all taxes assessed against Tenant’s personal property located in the Premises. Tenant shall also pay Landlord its pro-rata share of the Real Property Taxes.

UTILITIESTenant is responsible for direct payment of all utilities to the appropriate billing authority.

INSURANCETenant’s Insurance - Tenant shall maintain the following policies throughout the term: (1) Liability Insurance, naming Landlord as additional insured, with limits no less than $1 million per occurrence and $2 million in aggregate; and (2) Property Insurance providing coverage of Tenant’s fixtures, equipment and inventory.

Landlord’s Insurance - Landlord shall maintain the following policies throughout the term: (1) Liability Insurance with limits no less than $1 million per occurrence and $2 million in aggregate; and (ii) Special Form Property Insurance insuring the Building for full replacement value.

TENANT’S OBLIGATIONSTenant is responsible for the repairs and maintenance of all non-structural portions of the Premises, including the HVAC system.

LANDLORD’S OBLIGATIONSLandlord is responsible for the repairs and maintenance of the roof, structure, all parking areas, sidewalks, landscaping and drainage systems.

COMMON AREA OPERATING EXPENSES Tenant shall pay Landlord its pro-rata share of Operating Expenses, Landlord’s Insurance and Real Property Taxes throughout the term of the Lease.

EXPENSES

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

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Lease Abstract

MARKET PLACE D

RIVE

N PRESID

ENTIAL W

AY

HO

RIZON

DRIVE

N EXECUTIVE DRIVE

EDINBURGH PREMIUM OUTLETS

HEFLON PARK ROAD

N EXECUTIVE DRIVE

65

65

31

31 HARTM

AN DRIVE

45,320 VPD

35,740 VPD

Surrounding Retail Site Plan

10This site plan is a rendering that has been created based on sources we believe to be reliable. We make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

NOT A PART

PYLON SIGN

31

31

HARTMAN DRIVE

HARTMAN DRIVE

EDINBURGH OUTLET CENTER

35,740 VPD

45,320 VPD

65

Site Plan

11This site plan is a rendering that has been created based on sources we believe to be reliable. We make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

44SPACES

2,276RENTABLE SF

1.17ACRES

2017 NET REVENUES$22.4B

The world’s #1 specialty coffee retailer, Starbucks has more than 25,000 coffee shops in about 70 countries, and over 2,000 employees. The outlets offer coffee drinks and food items, as well as roasted beans, coffee accessories, and teas.

In 2017, the chain had a net revenue of $22.4 Billion, and an operating income of $4.4 Billion. Starbucks has a credit rating of A- from Standard & Poor, and is traded on the NASDAQ under SBUX.

ABOUT STARBUCKS

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

RANKINGS

#3 - FORTUNE’S list of world’s most admired companies (2017)#146 - FORTUNE 500 list (2017)#45 - FORTUNE’S change the world list (2017)

S&P RATEDA-

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Tenant Overview

POPULATION

3-MILE 5-MILES 10-MILES

2010 8,240 14,198 71,605

2017 8,648 14,957 77,608

2022 8,998 15,565 81,841

2017 HH INCOME

3-MILE 5-MILES 10-MILES

Average $53,854 $61,450 $74,243

TOP EMPLOYERS IN BARTHOLOMEW COUNTY

EMPLOYER

Faurecia Gladstone

Columbus Regional Hospital

NTN Driveshaft Inc

Cummins Inc.

Cosco Home & Office Products

EDINBURGH

THE AVERAGE HOUSEHOLD INCOME WITHIN A 5-MILE RADIUS

IS OVER $61K

INDIANAPOLIS (42 MIN, 36 MILES)

This site plan is a rendering that has been created based on sources we believe to be reliable. We make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 13

Demographics

EDINBURGH,INDIANA

EDINBURGH is located in central Indiana, approximately 35 miles south of the state capital of Indianapolis. Located between Indianapolis and Louisville, Edinburgh is part of the Columbus, Indiana MSA, and the Indianapolis CSA. Edinburgh is easily accessible from Interstate 65 or US 31, and is recognized for the Edinburgh Outlet Mall and Camp Atterbury military base. Edinburgh offers a small town atmosphere with a variety of amenities including a strong industrial base and specialty shops downtown. Due to its central location, Edinburgh and Howard County are easily accessible via a number of highways and interstates, and are located within driving distance from a number of large Midwestern cities including Chicago, Louisville, and Detroit.

THE INDIANAPOLIS CSA has been creating job growth over the past eight years with remarkable efficiency. During this period, the Columbus MSA (which falls within

the Indianapolis CSA) has produced about 13,100 jobs. For the past five years, Columbus employers consistently have provided a net 8,000-10,000 jobs to citizens outside of the Columbus MSA.

ABOUT INDIANAPOLIS CSA

2.4 MILLION

INDIANAPOLIS CSA POPULATION (ESTIMATED)

INDIANAPOLIS, IN

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 14

Location Overview

INDIANAPOLIS, INDIANA

We’d love to hear from you.

CAPITAL PACIFIC COLLABORATES. CLICK HERE TO MEET OUR SAN FRANCISCO TEAM:

JOHN ANDREINIjandreini@capitalpacific.comPH: 415.274.2715CA BRE# 01440360

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

IN CONJUNCTION WITH IN LICENSED BROKER: Veritas Realty317.472.1800

JOE CACCAMOJOHN ANDREINI

ZANDY SMITH

DAVE LUCAS

RICK SANNER JACK NAVARRA

CHRIS KOSTANECKIZEB RIPPLE CHRIS PETERS

JUSTIN SHARP

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EDINBURGH PREMIUM OUTLETS