376 East 400 South, Suite 120 l Salt Lake City, UT 84111 l Office 801.456.8800 l Fax 801.578.5500 l www.mtnwest.com

STARBUCKS OFFERING MEMORANDUM5598 South Harrison Boulevard, South Ogden, Utah 84403

EXCLUSIVELY MARKETED BYLANCE PENDLETONlpendleton@mtnwest.comdirect 801.456.8808View Profile

STARBUCKS OFFERING MEMORANDUMINVESTMENT OFFERING

1. CONFIDENTIALITY AND DISCLOSURE2. RETAIL TRADE AREA MAP3. TENANT BIO4. SITE PLAN5. FLOOR PLAN6. PHOTOS7. FINANCIAL SUMMARY8. DEMOGRAPHICS9. MARKET INFORMATION

TABLE OF CONTENTS

STARBUCKS OFFERING MEMORANDUMINVESTMENT OFFERING

The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Mountain West and should not be made available to any other person or entity without the written consent of Mountain West. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Mountain West has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Mountain West has not verified, and will not verify, any of the information contained herein, nor has Mountain West conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

NON-ENDORSEMENT NOTICE

Mountain West is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Mountain West its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Mountain West, and is solely included for the purpose of providing tenant lessee information about this listing to

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.PLEASE CONSULT YOUR MOUNTAIN WEST AGENT FOR MORE DETAILS.

CONFIDENTIALITY AND DISCLOSURE

STARBUCKS OFFERING MEMORANDUMINVESTMENT OFFERING

Mountain West hereby advises all prospective purchasers of Net Leased property as follows:

The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Mountain West has not and will not verify any of this information, nor has Mountain West conducted any investigation regarding these matters. Mountain West makes noguarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided.

As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. Mountain West expressly denies any obligation to conduct a due diligence examination of this Property for Buyer.

Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a net leased property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors.

Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any net leased property to determine to your satisfaction with the suitability of the property for your needs.

Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property.

By accepting this Marketing Brochure you agree to release Mountain West and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this net leased property.

CONFIDENTIALITY AND DISCLOSURE

STARBUCKS OFFERING MEMORANDUMINVESTMENT OFFERING

Imagery ©2016 , DigitalGlobe, State of Utah, U.S. Geological Survey, USDA Farm Service Agency

HARRISON BOULEVARD & US-89SOUTH OGDEN, UTAH

0 0.1 0.2Mi les

376 East 400 South, Suite 120 l Salt Lake City, Utah 84111Offi ce 801.456.8800 l Fax 801.578.5500 l www.mtnwest.com

The above information while not guaranteed has been secured from sources deemed reliableMap Data and/or Imagery Courtesy of Google, UDOT (2015)

Harrison B

oulevard

Wasatch Drive

Skyline Drive

Combe Road

25,285 cars/day

42,715 cars/day

39,900 cars/day

34,860 cars/day

89US

Washington Boulevard

KobeJapanese

Steakhouse AdventureWest

Scuba

Decade Snow Skate

Southfork Hardware

RETAIL TRADE AREA

STARBUCKS OFFERING MEMORANDUMINVESTMENT OFFERING

TENANT BIO

STARBUCKS CORPORATION operates as a roaster, marketer, and retailer of specialty coffee worldwide.

The company operates in four segments: Americas; Europe, Middle East, and Africa; China/Asia Pacific; and Channel De-velopment. Its stores offer coffee and tea beverages, packaged roasted whole bean and ground coffees, single-serve and ready-to-drink coffee and tea products, juices, and bottled water. The company’s stores also provide fresh food and snack offerings; and various food products, such as pastries, and breakfast sandwiches and lunch items, as well as serve ware, beverage-making equipment, and accessories. In addition, it licenses its trademarks through licensed stores, and grocery and national foodservice accounts. The company offers its products under the Starbucks, Teavana, Tazo, Seattle’s Best Coffee, Evolution Fresh, La Boulange, Ethos, Starbucks VIA, Seattle’s Best Coffee, Frappuccino, Starbucks Doubleshot, Starbucks Refreshers, and Starbucks Discoveries Iced Café Favorites brand names. As of September 27, 2015, it operated 23,043 stores. Starbucks Corporation was founded in 1985 and is based in Seattle, Washington. - Yahoo Finance

STARBUCKS OFFERING MEMORANDUMINVESTMENT OFFERING

SITE PLAN

STARBUCKS OFFERING MEMORANDUMINVESTMENT OFFERING

FLOOR PLAN

STARBUCKS OFFERING MEMORANDUMINVESTMENT OFFERING

PHOTOS

STARBUCKS OFFERING MEMORANDUMINVESTMENT OFFERING

PHOTOS

STARBUCKS OFFERING MEMORANDUMINVESTMENT OFFERING

Tenant: Starbucks Corporation

Building Size: 1,813 SF

Lot Size: 0.47 Acres

Parcel Number: 07-004-0038

Year 1 Montly Rent $8,592.11

Year 1 Annual Rent $103,105.32

Annual Rent PSF $56.87

NNN Yes

Rent Commencement 7/10/2007

Lease Expiration 7/31/2022

Options Start Date Expiration Date Annual Rent

Remaining Options: Option 1 8/1/2017 7/31/2022 $103,105.32 *recently excerised option 1

Option 2 8/1/2022 7/31/2027 $113,421.24

Option 3 8/1/2027 7/31/2032 $124,752.48

Option 4 8/1/2032 7/31/2037 $137,226.00

Purchase Price: $1,832,983

CAP Rate: 5.625%

FINANCIAL SUMMARY

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Ogden

Layton

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STARBUCKS OFFERING MEMORANDUMINVESTMENT OFFERING

DEMOGRAPHICS

Demographic ProfileStarbucks - 5598 South Harrison Boulevard South Ogden Prepared by Esri5598 Harrison Blvd, South Ogden, Utah, 84403 Latitude: 41.16195Rings: 1, 3, 5 mile radii Longitude: -111.93988

1 mile 3 miles 5 milesPopulation Summary

2016 Total Population 11,494 50,275 121,1902021 Total Population 11,796 51,963 126,0792010-2016 Annual Growth Rate 0.58% 0.64% 0.78%2016-2021 Annual Growth Rate 0.52% 0.66% 0.79%2016 Median Age 35.4 32.6 31.4

Daytime Population2016 Total Daytime Population 10,381 47,722 126,294

Workers 4,509 21,273 60,994Residents 5,872 26,449 65,300

2016 Total Businesses 419 1,618 4,5362016 Total Employees 4,638 22,178 58,127

Household Summary2016 Households 4,364 17,668 42,6682021 Total Households 4,461 18,153 44,2252010-2016 Annual Growth Rate 0.43 0.47 0.682016-2021 Annual Growth Rate 0.44 0.54 0.722016 Average Household Size 2.60 2.81 2.80

Income Summary2016 Average Household Income $96,330 $82,197 $70,1492021 Average Household Income $108,172 $91,875 $77,3512016 Median Household Income $72,444 $60,973 $53,3352021 Median Household Income $83,170 $70,993 $56,8442016 Per Capita Income $36,550 $29,333 $25,0482021 Per Capita Income $40,808 $32,516 $27,459

Housing Unit Summary2016 Housing Units 4,601 18,585 46,071

Owner Occupied Housing Units 63.9% 65.5% 55.8%Renter Occupied Housing Units 30.9% 29.6% 36.9%Vacant Housing Units 5.2% 4.9% 7.4%

Educational AttainmentTotal 2016 Population 25+ 7,618 31,437 74,007Less than 9th Grade 0.7% 1.9% 4.3%9th - 12th Grade, No Diploma 1.6% 4.2% 6.4%High School Graduate 17.4% 21.9% 22.9%GED/Alternative Credential 1.1% 1.7% 2.5%Some College, No Degree 28.1% 27.3% 27.3%Associate Degree 11.2% 11.6% 9.9%Bachelor's Degree 25.9% 21.1% 18.5%Graduate/Professional Degree 13.9% 10.3% 8.3%

EmploymentTotal 2016 Population 16+ 5,701 24,236 55,649

White Collar 68.4% 61.5% 56.6%Services 16.6% 18.1% 17.7%Blue Collar 15.0% 20.4% 25.7%

Race/EthnicityTotal 2016 Population 11,493 50,273 121,191

White Alone 90.5% 86.9% 80.6%Black Alone 1.4% 1.5% 2.1%American Indian Alone 0.4% 0.6% 0.9%Asian Alone 2.3% 1.7% 1.9%Pacific Islander Alone 0.3% 0.3% 0.4%Some Other Race Alone 1.9% 5.6% 10.3%Two or More Races 3.1% 3.3% 3.9%

Hispanic Origin 7.3% 12.6% 21.0%Diversity Index 29.1 41.0 56.5

Source: U.S. Census Bureau, Esri forecasts for 2016 and 2021.

STARBUCKS OFFERING MEMORANDUMINVESTMENT OFFERING

DEMOGRAPHICS

Demographic ProfileStarbucks - 5598 South Harrison Boulevard South Ogden Prepared by Esri5598 Harrison Blvd, South Ogden, Utah, 84403 Latitude: 41.16195Rings: 1, 3, 5 mile radii Longitude: -111.93988

1 mile 3 miles 5 milesPopulation Summary

2016 Total Population 11,494 50,275 121,1902021 Total Population 11,796 51,963 126,0792010-2016 Annual Growth Rate 0.58% 0.64% 0.78%2016-2021 Annual Growth Rate 0.52% 0.66% 0.79%2016 Median Age 35.4 32.6 31.4

Daytime Population2016 Total Daytime Population 10,381 47,722 126,294

Workers 4,509 21,273 60,994Residents 5,872 26,449 65,300

2016 Total Businesses 419 1,618 4,5362016 Total Employees 4,638 22,178 58,127

Household Summary2016 Households 4,364 17,668 42,6682021 Total Households 4,461 18,153 44,2252010-2016 Annual Growth Rate 0.43 0.47 0.682016-2021 Annual Growth Rate 0.44 0.54 0.722016 Average Household Size 2.60 2.81 2.80

Income Summary2016 Average Household Income $96,330 $82,197 $70,1492021 Average Household Income $108,172 $91,875 $77,3512016 Median Household Income $72,444 $60,973 $53,3352021 Median Household Income $83,170 $70,993 $56,8442016 Per Capita Income $36,550 $29,333 $25,0482021 Per Capita Income $40,808 $32,516 $27,459

Housing Unit Summary2016 Housing Units 4,601 18,585 46,071

Owner Occupied Housing Units 63.9% 65.5% 55.8%Renter Occupied Housing Units 30.9% 29.6% 36.9%Vacant Housing Units 5.2% 4.9% 7.4%

Educational AttainmentTotal 2016 Population 25+ 7,618 31,437 74,007Less than 9th Grade 0.7% 1.9% 4.3%9th - 12th Grade, No Diploma 1.6% 4.2% 6.4%High School Graduate 17.4% 21.9% 22.9%GED/Alternative Credential 1.1% 1.7% 2.5%Some College, No Degree 28.1% 27.3% 27.3%Associate Degree 11.2% 11.6% 9.9%Bachelor's Degree 25.9% 21.1% 18.5%Graduate/Professional Degree 13.9% 10.3% 8.3%

EmploymentTotal 2016 Population 16+ 5,701 24,236 55,649

White Collar 68.4% 61.5% 56.6%Services 16.6% 18.1% 17.7%Blue Collar 15.0% 20.4% 25.7%

Race/EthnicityTotal 2016 Population 11,493 50,273 121,191

White Alone 90.5% 86.9% 80.6%Black Alone 1.4% 1.5% 2.1%American Indian Alone 0.4% 0.6% 0.9%Asian Alone 2.3% 1.7% 1.9%Pacific Islander Alone 0.3% 0.3% 0.4%Some Other Race Alone 1.9% 5.6% 10.3%Two or More Races 3.1% 3.3% 3.9%

Hispanic Origin 7.3% 12.6% 21.0%Diversity Index 29.1 41.0 56.5

Source: U.S. Census Bureau, Esri forecasts for 2016 and 2021.

Demographic ProfileStarbucks - 5598 South Harrison Boulevard South Ogden Prepared by Esri5598 Harrison Blvd, South Ogden, Utah, 84403 Latitude: 41.16195Rings: 1, 3, 5 mile radii Longitude: -111.93988

1 mile 3 miles 5 milesPopulation Summary

2016 Total Population 11,494 50,275 121,1902021 Total Population 11,796 51,963 126,0792010-2016 Annual Growth Rate 0.58% 0.64% 0.78%2016-2021 Annual Growth Rate 0.52% 0.66% 0.79%2016 Median Age 35.4 32.6 31.4

Daytime Population2016 Total Daytime Population 10,381 47,722 126,294

Workers 4,509 21,273 60,994Residents 5,872 26,449 65,300

2016 Total Businesses 419 1,618 4,5362016 Total Employees 4,638 22,178 58,127

Household Summary2016 Households 4,364 17,668 42,6682021 Total Households 4,461 18,153 44,2252010-2016 Annual Growth Rate 0.43 0.47 0.682016-2021 Annual Growth Rate 0.44 0.54 0.722016 Average Household Size 2.60 2.81 2.80

Income Summary2016 Average Household Income $96,330 $82,197 $70,1492021 Average Household Income $108,172 $91,875 $77,3512016 Median Household Income $72,444 $60,973 $53,3352021 Median Household Income $83,170 $70,993 $56,8442016 Per Capita Income $36,550 $29,333 $25,0482021 Per Capita Income $40,808 $32,516 $27,459

Housing Unit Summary2016 Housing Units 4,601 18,585 46,071

Owner Occupied Housing Units 63.9% 65.5% 55.8%Renter Occupied Housing Units 30.9% 29.6% 36.9%Vacant Housing Units 5.2% 4.9% 7.4%

Educational AttainmentTotal 2016 Population 25+ 7,618 31,437 74,007Less than 9th Grade 0.7% 1.9% 4.3%9th - 12th Grade, No Diploma 1.6% 4.2% 6.4%High School Graduate 17.4% 21.9% 22.9%GED/Alternative Credential 1.1% 1.7% 2.5%Some College, No Degree 28.1% 27.3% 27.3%Associate Degree 11.2% 11.6% 9.9%Bachelor's Degree 25.9% 21.1% 18.5%Graduate/Professional Degree 13.9% 10.3% 8.3%

EmploymentTotal 2016 Population 16+ 5,701 24,236 55,649

White Collar 68.4% 61.5% 56.6%Services 16.6% 18.1% 17.7%Blue Collar 15.0% 20.4% 25.7%

Race/EthnicityTotal 2016 Population 11,493 50,273 121,191

White Alone 90.5% 86.9% 80.6%Black Alone 1.4% 1.5% 2.1%American Indian Alone 0.4% 0.6% 0.9%Asian Alone 2.3% 1.7% 1.9%Pacific Islander Alone 0.3% 0.3% 0.4%Some Other Race Alone 1.9% 5.6% 10.3%Two or More Races 3.1% 3.3% 3.9%

Hispanic Origin 7.3% 12.6% 21.0%Diversity Index 29.1 41.0 56.5

Source: U.S. Census Bureau, Esri forecasts for 2016 and 2021.

STARBUCKS OFFERING MEMORANDUMINVESTMENT OFFERING

MARKET INFORMATION

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