STARBUCKS. 29 Hampton Rd., Southampton, NY North Point Parkway, Suite 262. Alpharetta, GA

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1 5755 North Point Parkway, Suite 262 Alpharetta, GA

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3 Starbucks is under a corporate lease, set among the famous Hamptons, approximately 2.5 miles from the 5 mile stretch known as Billionaires Lane. Starbucks (NASDAQ: SBUX) is under a 10-year lease term, with approximately 7 years remaining and four 5-year renewal options. There are 10% rental increases at each renewal option. Starbucks has a modified NN lease with limited landlord responsibilities including roof and structure. The company holds an A credit rating with S&P, currently has over 25,000 locations in 75 countries, and had net revenue in excess of $21 Billion in Starbucks is located in the Village of Southampton, one of the most prestigious and exclusive communities in the United States with full-time residential household income averaging over $145,000 within 5 miles. Starbucks also benefits from plentiful parking which is scarce, at best, in the Hamptons. Located Minutes from Famed Billionaires Lane Ultra Premium, Irreplaceable Hamptons Location Investment-Grade Tenant S&P Rating: A Starbucks Total Revenue Over $21 Billion in 2016 Over 25,000 Locations in 75 Countries Ample Parking Highly Uncommon in the Hamptons BUILDING: 1,425 SF YEAR BUILT: 1984 RENOVATED: 2014 Southampton Village is located in the Hamptons, a popular summer destination for worldwide celebrities and some of the United States most elite families. Southampton Village is a bustling center of the Town of Southampton - home to many unique shops and restaurants and wonderful cultural centers and museums. Southampton hosts many well-known events including the Hamptons Half Marathon, Coopers Beach movie nights, and polar plunges. Southampton Village, which hosted the earliest summer community of socially prominent residents, and was arguably the center for upper class Americans, served as home to members of the Ford, Du Pont, Morgan, Atterbury, Woolworth, and Eisenhower families. The oceanfront streets in Southampton Village (Gin Lane and Meadow Lane) rank among the most expensive roads in the country. Meadow Lane has been called Billionaires' Lane and is cited as having among the highest home values in the country.

4 The legendary Hamptons, a cluster of wealthy enclaves on Long Island s South Fork, remains a celebrity summer playground, with splashy restaurants and nightclubs galore. Lovely beaches, fishing, and kayaking attract off-the-a-list visitors, as well. Southampton Village in particular is noted for its luxurious homes in its estate area, the high-end retailing establishments in the Village, and its cultural offerings (including the Parrish Art Museum and the Southampton Arts Center). Old money oozes throughout Southampton, while new wealth reigns in East Hampton. Montauk is a hit with fishermen and surfers. The Long Island Railroad travels the Hamptons in an hour. The oceanfront streets in Southampton Village (Gin Lane and Meadow Lane) rank among the most expensive roads in the country. Meadow Lane has been called Billionaires' Lane and is cited as having among the highest home values in the country. Summer Destination of the Rich, Famous, and Powerful Most Elite and Popular Upscale Tourist Destination in the United States Average Household Income of Full-Time Residents within 5 miles over $145,000 Home of Billionaires Lane Home to Members of the Most Historically Elite American Families

5 STARBUCKS Please note: Lot Lines are Approximate *Approximately 30 Non Exclusive Parking Spaces* Non Exclusive Use of Outlined Parking Lot Shared with 3 buildings to the West via Perpetual Easement

6 Actual Location Pictured

7 Actual Location Pictured

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10 Starbucks Corporation, headquartered in Seattle, Washington, is the premier roaster, marketer, and retailer of specialty coffee in the world - operating 25,085 stores in 75 countries. Originally founded in 1971, Starbucks Corporation s common stock trades on the NASDAQ under the symbol SBUX and has an investment-grade credit rating of A. In addition to Starbucks, its brand portfolio includes Teavana, Tazo, Seattle s Best Coffee, Evolution Fresh, La Boulange and Ethos. The company has almost doubled their footprint as they expanded from 15,000 stores to more than 25,000 in the last 10 years. In 2017, the company plans to open approximately 1,000 new stores in the China/Asia Pacific segment and approximately 800 new stores in the Americas. Total net revenues increased 11% to $21.3 billion in 2016 compared to $19.2 billion in In addition, global comparable store sales grew 5% driven by a 4% increase in average ticket and a 1% increase in the number of transactions. Starbucks currently has a net worth in excess of $5.6 billion. Investment-Grade Tenant, A S&P, A2 Moody s, A Fitch Over 25,000 Locations in 75 Countries Over 10,000 Locations Added from 2007 to 2017 Total Revenue Over $21 Billion in 2016 $5.6 Billion Net Worth

11 Tenant Starbucks Corporation Building / Land 1,425 SF / 0.13 Acres Commencement Date October 1, 2014 Termination Date Term September 30, Years (approximately 7 Years remaining) plus Four 5 Year Options Increases 10% every 5 Years including Options Security Deposit None Rent Schedule Year Annual Base Rent Monthly Base Rent 10/1/2014-9/30/2019 $122,000 10/1/2019-9/30/2024 $134,200 10/1/2024-9/30/2029 $147,620 10/1/2029-9/30/2034 $162,382 10/1/2034-9/30/2039 $178,620 10/1/2039-9/30/2044 $196,482 $10, $11, $12, $13, $14, $16, $119,000 Options Taxes Utilities Four 5 Year Options with 10% Increases each Option Tenant reimburses Landlord for all Taxes Tenant pays all Utilities

12 Insurance Drainage System Landscaping Roof & Structure Parking Lot Termination Right HVAC Holdover Clause Rubbish Tenant carries Worker's Comp Insurance, Liability Insurance, & Property Insurance on Tenant's improvements & property Tenant reimburses Landlord for Liability Insurance & Property Insurance on the Building for full replacement value Landlord Responsible (Septic system replaced in 2014) Landlord Responsible (No landscaping on this parcel) Landlord Responsible (Roof work done in 2014) Landlord Responsible to maintain together with the 3 adjoining westerly properties and evenly share cost. Tenant to fully reimburse Landlord for its 25% of total cost Tenant shall have the right after the end of the fifth lease year, at any time, to terminate the lease on 365 days notice to Landlord providing Tenant pays to Landlord a Termination fee equal to the current rent for a 365 day period following the date the termination is effective Tenant Responsible (Replaced in 2014) 150% Current Base Rent Tenant Responsible Plumbing Snow Removal Tenant Responsible Tenant Responsible

13 Current Income SCHEDULED LEASED INCOME $ 122,000 Add Scheduled Tenant Reimbursements: Overage - Recapture 10,451 10,451 TOTAL SCHEDULED INCOME $ 132,451 VACANCY RESERVE - 0% GROSS OPERATING INCOME $ 132,451 EXPENSES Taxes $ 4,605 Reimbursed by Tenant Insurance 5,846 Reimbursed by Tenant Maintenance - Utilities - Tenant Pays Directly Management - None - Single Tenant Landscaping/Sweeping - No Landscaping on ths Parcel Rubbish - Tenant Pays Directly Drainage System (Septic System) - Replaced in 2014 Parking Lot/Sidewalk - Reimbursed by Tenant Roof, Common Area, and Structure - Roof work done in 2014 Miscellaneous/Reserves 3,000 $ 13,451 NET OPERATING INCOME $ 119,000 Supplemental Information: Annual Expenses per Square Foot $9.44

14 F i n a n c i a l B u i l d i n g Price: $2,975,000 Year Built: 1984 Current CAP: 4.00% Renovated: 2014 Cost per Gross Square Foot: $2, Building Square Feet: 1,425 Annual Rent per Square Foot: $85.61 Land Parcel (Acres): 0.13* *Exclusive Use of Common Parking - See Map R e t u r n E x p e n s e s Current Rents Scheduled Gross Income $ 122,000 Taxes $ 4,605 Plus Overage - Insurance 5,846 Plus Recapture 10,451 Maintenance - Total Income $ 132,451 Utilities - Less Vacancy - Management - Gross Operating Income $ 132,451 Landscaping/Sweeping - Less Expenses 13,451 Rubbish - Net Operating Income $ 119,000 Drainage System Parking Lot/Sidewalk - - All Cash Offering Roof/Structure & Common Area - Purchaser May Utilize a Loan if Desired Miscellaneous/Reserves 3,000 Total Expenses $ 13,451 Per Rentable Square Foot: $9.44

15 Address LOCATION SQ. FT. ANNUAL RENT Subject Southampton, NY 1,425 $122, W Sahara Ave Las Vegas, NV 1,701 $149, NE Pine Island Rd Cape Coral, FL 1,500 $130, Pioneer Blvd Norwalk, CA 1,850 $159, US Hwy 287 Broomfield, CO 2,200 $144, Gainsborough Dr Tallahassee, FL 2,200 $140, Cheney Hwy Titusville, FL 2,118 $132, Austin Bluffs Pkwy Colorado Springs, CO 2,000 $124, S Maryland Pkwy Las Vegas, NV 2,200 $134, N Ruby St Spokane, WA 2,208 $131, Bloomingdale Ave Valrico, FL 2,118 $122,000

16 Sebonack Golf Club Southampton, NY is approximately 2 hours (84 miles) via car or train from New York City. The Meadow Club of Southampton

17 Celebrity Homes 1. Calvin Klein 2. Tory Burch 3. Brooke Shields 4. Howard Stern (pictured below) 5. John McEnroe Meadow Lane Billionaires Lane 2.5 Mi. from Subject

18 Southampton Social Club Stony Brook Southampton Hospital Southampton Inn Southampton Arts Center

19 One Mile Three Miles Five Miles Notes Population 2017 Population 2,857 8,397 13, Population 2,744 8,012 12,965 5 Year Projected 2,932 8,628 13,954 Growth Over the Past 5 Years 4.12% 4.81% 4.78% Projected Growth Over the Next 5 Years 2.63% 2.75% 2.72% Households 2017 Households 1,114 3,221 5,161 % Owner Occupied 66.79% 70.82% 71.89% % Renter Occupied 33.21% 29.18% 28.11% 2010 Households 1,074 3,108 4,980 5 Year Projected 1,141 3,297 5,282 Growth Over the Past 5 Years 3.72% 3.64% 3.63% Projected Growth Over the Next 5 Years 2.42% 2.36% 2.34% Income 2017 Average Household Income $135,329 $134,639 $145,624 5 Year Projected $151,841 $150,813 $163,085 Projected Growth Over the Next 5 Years 12.20% 12.01% 11.99% Employment & Establishments 2017 Employees/Daytime Population 6,709 11,732 13, Total Establishments 745 1,323 1,571 Race White 78.90% 76.20% 80.50% African American 11.30% 7.30% 5.30% Hispanic Origin (Any Race) 21.50% 23.20% 23.00% Native American / Alaskan Native 0.60% 6.40% 4.40% Asian/Pacific Islander 2.30% 2.00% 1.90% Two or More Races 2.10% 3.30% 2.80% Other Race 4.90% 4.80% 5.00%