Starbucks - Fairhope, AL

Jones Lang Lasalle Americas, Inc. (“JLL”) is pleased to present for sale the single-tenant Starbucks located in Fairhope, Alabama (the “Property” or “Asset”). The Property is situated within a Winn-Dixie-anchored shopping center off Highway-98 which benefits from its exposure to 27,000 vehicles daily. The newly delivered property is occupied by Starbucks (the “Tenant”) who is subject to a 10-year net

lease with 10% rent growth and six, five-year renewal options.

The Asset’s coveted location is situated along Alabama’s exquisite coastline within Baldwin County, the 7th fastest growing metro region in the nation. The region’s proximity to beach towns and large cities (Mobile and Pensacola) continues to drive economic expansion from tourists, residents, and businesses. Since 2010, the city of Fairhope has experienced substantial growth of 68%. The growth has been accompanied by commitments from government, developers, and corporations to expand the economic landscape through major infrastructure projects, class-A apartment complexes, and a 12 million-square-foot industrial center which will add thousands of jobs to the region within the coming years.