The Offering provides the opportunity to acquire a brand-new build-to-suit Starbucks with a 10-year NNN lease set to commence in early 2023. The Property is located within Lake Stevens Landing, an under-construction, 10-acre, mixed-use center that includes Chipotle, Arco, other national tenants, and other uses. Lake Stevens is one of the fastest-growing counties and cities in the state, with high-density surrounding residential and strong incomes with a median salary roughly 43% higher than the U.S. median salary. The property is expected to be delivered to the tenant in January 2023 and open to the public in March.