SOLD – Starbucks – Chattanooga

THE OPPORTUNITY

• Investment Grade Tenant
• New construction
• Starbucks Credit Rating: Baa1 by Moody’s
• NASDAQ: SBUX
• No Termination Clause
• 4, Five Year Options
• 10% rental increases in each option
• NN Lease
• Landlord Responsible for roof and structure
• Starbucks is the world’s largest coffee shop chain

THE HIGHLIGHTS

• The property is located at the base of Signal Mountain, TN
• Strategically located: Outflanks competition as the first coffee shop passed when traveling off Signal Mountain into Chattanooga
• Located on the AM side of the road
• Signalized intersection
• Outparcel to 100% occupied Food City anchored shopping center owned by Food City
• Strong Demographics in Signal Mountain, TN:
• Median Household Income: $130,997 
• Strong Traffic Counts:
• Signal Mountain Rd: 22,406 cars daily
• Mountain Creek Rd: 13,804 cars daily