10-year corporate net lease to Starbucks Corporation (NASDAQ: “SBUX”) |
7.5% rental increases every five years |
Investment-grade tenant, rated “BBB+” by Standard & Poor’s |
Starbucks Corporation is the world’s premier coffee company, with over 38,000 locations worldwide and $36B in annual revenue |
Per Statista, customers go to Starbucks six times per week on average |
Approximately 60 million Starbucks customers are served every week, while approximately four million coffee-based beverages are sold daily |