Starbucks | Irreplaceble Los Angeles Landfill

INVESTMENT-GRADE TENANT IN A SUPPLYCONSTRAINED LOS ANGELES MARKET

• The property is leased to Starbucks Corporation, a publicly traded, investment-grade retailer with nearly 41,000 global locations and approximately $37 billion in FY 2025 revenue.
• Starbucks’ corporate-backed lease structure provides durable income and mitigates tenant credit risk.
• Los Angeles’ high barriers to entry and limited new retail development enhance

PRIME, HIGH-TRAFFIC LOCATION SUPPORTING DAILY-USE RETAIL

• Positioned in a dense, infill Los Angeles trade area with strong population density and daytime employment.
• Starbucks locations are strategically selected to capture consistent, repeat customer traffic driven by habitual consumer behavior.
• The site benefits from strong visibility and accessibility, reinforcing long-term operational relevance.

RECESSION-RESILIENT CASH FLOW & LONG-TERM VIABILITY

• Defensive Daily-Use Demand: Low-ticket, habitual spending supports consistent performance across cycles.
• Corporate Portfolio Strength: Active reinvestment and strategic site selection prioritize high-performing locations.
• Passive, Future-Proof Income: Net lease structure and omnichannel formats deliver predictable cash flow