Starbucks North Salisbury Boulevard, Salisbury, MD Price: $1,604,333 NOI: $77,008 CAP: 4.80%

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1 Actual Property Starbucks 2424 North Salisbury Boulevard, Salisbury, MD exclusive listing Phone: Price: $1,604,333 NOI: $77,008 CAP: 4.80% Starbucks Corporate Guaranty S&P: A- NASDAQ: SBUX Situated on a very busy retail corridor surrounded by national retailers Traffic counts of 30,000+ cars per day Over 64,000 people within 5 miles The Centre at Salisbury, a 850,000 +/- sf super regional mall is within 0.3 miles Retailers in immediate area include Wal-Mart, Kohl s, Target, Home Depot, Sam s Club Local Restaurants include Burger King, Olive Garden, Bob Evans, Longhorn Steakhouse

2 Investment Overview PROPERTY OVERVIEW: EXP Realty Advisors exclusively presents for sale a free-standing Starbucks with drive-thru located in Salisbury, MD. This is a successful and established Starbucks location which has been open since Last year, Starbucks extended their lease by exercising two (5) year options early. The property is on the heavily traveled N Salisbury Blvd., which benefits from over 30,000 cars per day and is adjacent to a 22,000 sf shopping center. Directly to the north on Salisbury Blvd is a shopping center with a Walmart Supercenter, Sam s Club and Kohls as well as a Home Depot and Target anchored center. Directly to the south is the Centre at Salisbury, an 850,000 +/- sf mall anchored by Macy s, Dick s Sporting Goods, and Regal Cinemas. The property is surrounded by an abundance of nationally branded restaurants in addition to Gander Mountain, BB&T, Exxon, Pier 1 Imports, Toys R Us, Lowe s, Bed Bath& Beyond, Ross Dress for Less, Marshalls, and Cold Stone Creamery. There are also plenty of hotels in the vicinity, including locations operated by Residence Inn, Motel 6 and Marriot Courtyard. LOCATION OVERVIEW: Salisbury is a city in southeastern Maryland. It is the county seat of Wicomico County, and the largest city in the state s Eastern Shore region. Salisbury is the principal city of the Salisbury, Maryland-Delaware MSA. This city is the commercial hub of the Delmarva Peninsula. Salisbury is located near several major cities: Baltimore miles; Washington, D.C miles, Philadelphia miles; Norfolk miles, and Wilmington - 96 miles. INVESTMENT SUMMARY Price: $1,604,333 CAP Rate: 4.80% NOI: $77,008 Building Size: 1,600 sf LEASE SUMMARY: Original Term: 10 years Original Rent Commencement: June 24 th, 2005 Lease Expiration:June 30 th, 2025 (Starbucks exercised two of their 5-yr options early) NOI: $77,008 Options: Four (5) yr options remaining Options Escalations: Option Period: 1) $77,008 / 2) $79,872 / 3) $86,261 / 4) $93,162 Lease Type: NN Landlord is responsible for the roof and structure. Landlord is responsible for common area maintenance but is reimbursed by Starbucks 100% plus a 10% admin fee. Last year, landlord collected an additional $1,000 +/- income from the admin fee Tenant has a right to terminate the lease on or after June 30 th 2024 with 120 days notice TENANT: Starbucks Corporation Nasdaq: SBUX S&P: A- Starbucks is the premier roaster, marketer and retailer of specialty coffee in the world, operating in more than 50 countries. The company purchases and roasts high-quality whole bean coffees that it sells, along with handcrafted coffee and tea beverages and a variety of fresh food items, through company-operated stores. They also sell a variety of coffee and tea products and license trademarks through other channels such as licensed stores, grocery and national foodservice accounts. In addition to the flagship Starbucks brand, its portfolio also includes Tazo Tea, Seattle s Best Coffee, and Starbucks VIA Ready Brew. As of March 27, 2016, it operated 23,921 cafes. Starbucks Corporation was founded in 1985 and is based in Seattle, Washington. INVESTMENT OVERVIEW

3 Investment Overview PROPERTY PHOTOS

4 Aerial Subject property on Ocean Highway, which receives 30,000 VPD OCEAN HWY: 31,436 VPD SALISBURY BLVD: 31,100 VPD AERIAL

5 Investment Overview SITE PLAN

6 Aerial AERIAL

7 Aerial Subject property on Ocean Highway, which receives 30,000 VPD AERIAL

8 Location Map LOCATIONMAP

9 Demographic Data Radius 3 Mile 5 Mile 10 Mile Population: 2020 Projection 27,868 64, , Estimate 27,049 62, , Census 25,799 59, ,806 Growth % 3.01% 2.91% Growth % 4.17% 3.01% 2015 Population Hispanic Origin 1,901 4,118 5, Population by Race: White 14,531 38,508 71,931 Black 10,797 19,956 25,808 Am. Indian & Alaskan Asian 800 1,787 3,020 Hawaiian & Pacific Island Other 738 1,626 2,510 U.S. Armed Forces Households: 2020 Projection 10,603 24,314 40, Estimate 10,279 23,574 38, Census 9,834 22,667 37,859 Growth % 3.14% 3.01% Growth % 4.00% 2.75% Owner Occupied 5,226 12,097 24,240 Renter Occupied 5,054 11,477 14, Avg Household Income $58,996 $57,530 $66, Med Household Income $43,277 $41,760 $49, Households by Household Inc: <$25,000 2,894 7,084 9,892 $25,000 - $50,000 2,856 6,502 9,696 $50,000 - $75,000 1,868 4,067 7,194 $75,000 - $100,000 1,245 2,747 4,915 $100,000 - $125, ,437 3,216 $125,000 - $150, ,406 $150,000 - $200, ,103 $200, ,480 Contact Us EXP Realty Advisors 118 East 28 th Street Suite #901 New York, NY Fax: (212) Our Team Daniel de Sa Director of Sales dan@exp1031.com Rob James President In cooperation with Maryland Broker: Metropolitan Management LLC #58654 DEMOGRAPHICDATA