1797 West Hillsborough Avenue, Tampa, FL, USA

STRATEGIC LOCATION
• The asset is located on Hillsborough Ave, a primary thoroughfare in Tampa, FL with an AADT of 54,500.
• The property is located 2.5 miles from Tampa International Airport and 1.5 miles from N Dale Mabry Hwy, the primary north-south retail thoroughfare in Tampa, FL.
• In close proximity to Mendenhall Elementary School, Kindred Hospital Central Tampa, and the Medical Village Surgical Center.
• The property is located in Florida, which has no state income tax.

STRONG DEMOGRAPHICS
• 14,423 population within a 1-mile radius
• $82,411 average household income within a 1-mile radius

STRONG NATIONAL TENANT
• The lease features 10% rental increases every 5 years throughout the original term and at the beginning of each option period, growing NOI and hedging against inflation.
• The lease is a corporate lease with Starbucks Corporation.
• Starbucks Corporation is investment grade (S&P: BBB+), internationally recognized, and an established firm with over 35,000 stores across 80 countries.

MINIMAL RESPONSIBILITIES
• Brand-new, NN+, 10-year lease with six (6) 5-year options to extend, demonstrating their long-term commitment to the site.
• Tenant pays for taxes, insurance, and maintains all aspects of the premises, including grease traps, plumbing, HVAC, trash, parking lot maintenance, etc.
• Landlord is responsible for roof, structure, parking lot paving, and utility systems.
• Brand new construction (2024) decreases the likelihood of capital expenditures needed to be made by Landlord.