The subject property is leased to Starbucks Corp. (NASDAQ: SBUX) who carries a “BBB+/Stable” investment grade credit rating from Standard & Poor’s. Starbucks has over 32,660 locations globally across six continents and 75 countries. For FYE 9/2020, Starbucks reported net sales of $23.5 billion and a net income of $928 million. Starbucks signed a new 10-year triple-net (NNN) lease commencing on July 16, 2021, and going through July 31, 2031. The lease has 10% rent escalations every 5 years inclusive of the (4)-5 year renewal options. The Starbucks property is a relocation site and provides them with a more strategic market position within the submarket, capturing the Northbound morning commuter traffic heading to Colorado State University each day. The property is located less than 3 miles from the campus at Colorado State University and has unprecedented access and frontage from College Avenue (43,000 CPD) and E. Troutman Parkway. Colorado State University has an Annual Enrollment of 33,000+ Students and is a major economic driver that supports demand for housing, retail sales and office space. The subject property boasts desirable demographics that ideally meet the tenant’s concept and target audience. In a 10-mile radius, the population exceeds 292,000+ people with 117,000+ households and an average household income of $95,000+. In this dominant retail location, the Starbucks property is located just a 1/2 mile from The Foothill Mall & Shopping Center with a Total Retail Floor Area of 620,000 Square Feet. Other Nearby National Retailers Include: Trader Joe’s, Chick-fil-A, Longhorn Steakhouse, Arby's, Chili’s, Wells Fargo, US Bank, and Panera to name a few. Award-winning schools, a thriving arts scene, unique shops, restaurants and pristine outdoor amenities make Fort Collins is one of the Top 100 Best Places to Live. High-tech companies like Hewlett Packard, Intel and National Semiconductor are able to draw talented and well educated workers thanks to the high quality of life Fort Collins offers. Colorado State University anchors the city’s economy while also setting the cultural tone. A collection of breweries are among the many entertainment options if Fort Collins.