INVESTMENT OFFERING

SAB Capital is pleased to present the exclusive offering of a single-tenant, net-leased Starbucks located in Green Brook Township, New Jersey. This exceptional investment is secured by a rare absolute triple net (NNN) lease with over 15.5 years of remaining term, making it one of the longest Starbucks leases in the country. Unlike the more common double net leases, this absolute NNN structure requires no landlord responsibilities, highlighting Starbucks’ confidence in the site’s performance and its long-term commitment to the location.

Starbucks (NASDAQ: SBUX) is the world’s largest coffeehouse chain and one of the most recognized brands globally, operating over 38,000 locations worldwide. Backed by an investment-grade credit rating of BBB+ from Standard & Poor’s, the lease offers secure, long-term cash flow from a best-in-class operator.

Strategically located along U.S. Highway 22, the property benefits from superior visibility, signage, and access with traffic counts exceeding 46,000 vehicles per day. The corridor is one of Central New Jersey’s most active commercial thoroughfares, with over 5 million square feet of surrounding retail space and national co-tenancy that includes Costco, Harbor Freight, McDonald’s, Taco Bell, Dunkin’, Wendy’s, Outback Steakhouse, Texas Roadhouse, Crunch Fitness, and many others. Additionally, the surrounding community is highly affluent, with average household incomes exceeding $163,000 within a one-mile radius, supporting strong, sustained consumer demand.

With its strong real estate fundamentals, rare lease structure, investment-grade tenancy, and premier location, this offering represents a truly passive, low-risk opportunity in one of New Jersey’s most desirable retail submarkets.

• Rare Absolute NNN Lease |The majority of Starbucks leases are Double Net (NN) with landlord responsibilities for Roof and Structure. This opportunity benefits from a rare Absolute Triple Net (NNN) lease. The tenant is responsible for all expenses, including structural repairs and maintenance, providing a true passive income stream.
• Long-Term Commitment | Starbucks recently extended their lease by almost 17 years, demonstrating their long-term commitment to the location. The lease now features over 15.5 years of primary term, significantly exceeding the standard 10-year term seen on most Starbucks leases. Importantly, this term comes without an early termination option, further reinforcing tenant stability.
• Strong Demographics | The property is located in a high-income area, with average household income exceeding $163k within a one-mile radius, well above national averages and a strong indicator of consistent consumer demand.
• Investment Grade Tenant | Starbucks Corporation is publicly traded (NASDAQ: SBUX) and carries a BBB+ credit rating from Standard & Poor’s, classifying it as an investment-grade tenant and providing creditworthy cash flow security.
• High-Traffic Retail Corridor | Positioned along a primary commercial corridor with over 46k vehicles per day, the site benefits from exceptional visibility and accessibility. This thoroughfare supports numerous national retailers, enhancing the property’s long-term viability and foot traffic.
• Flexible Building Configuration | The building’s layout and drive-thru configuration offer strong adaptability for a range of alternative retail or QSR uses, preserving exit strategies and future redevelopment potential.