Low Rent and Attractive Price Point

• This Starbucks benefits from a below-market rent structure, offering an investor a stable income stream with strong coverage ratios. The favorable rent level reduces vacancy risk and supports long-term tenant retention.

Recent Lease Extension Demonstrates Commitment

• Starbucks recently extended its lease for an additional five years in July 2024, making a 10-year lease term, signaling the tenant’s continued confidence and commitment to this location.

Significant Capital Improvements

• Starbucks completed significant capital improvements to the building in 2024, demonstrating their ongoing commitment to the location and enhancing the long-term asset quality.

Premier National Tenant with Investment-Grade Credit

• Starbucks Corporation (NASDAQ: SBUX) operates more than 40,000 retail stores across 77 countries and maintains investment-grade credit (S&P: BBB), providing investors with security and reliability backed by one of the world’s strongest retail brands.

High-Traffic Location Along Established Retail Corridor

• Strategically positioned along N Amidon Avenue, a major commercial artery in northwest Wichita, the property benefits from excellent visibility and access with traffic counts exceeding 33,000 vehicles per day at the intersection. The surrounding area features a dense mix of national retailers including Walmart, Lowe’s, Walgreens, and Planet Fitness, driving consistent daily activity.