Description

Starbucks has committed to a fresh 10-year lease, with two additional 5-year extension options, signaling a strong dedication to this location. The lease includes robust 10% rent increases every five years across both the initial term and extensions, ensuring steady income growth and protection against inflation. Starbucks (NASDAQ: SBUX), founded in 1971, remains a global leader with a market cap of over $97.3 billion and more than $36.2 billion in annual revenue in 2024.