Forged Real Estate is pleased to exclusively offer the opportunity to acquire the fee simple interest in a single tenant property leased to Starbucks, (the “Property”) in Wilkes-Barre, Pennsylvania, the largest city by population and the county seat of Luzerne County. Starbucks recently commenced a 10-year firm corporate lease that features ten percent (10%) rental increases every five (5) years, including in the option periods. Additionally, there is no early termination right option in the lease. This was a former Long John Silver's restaurant which was leveled and the Starbucks was built brand new in 2023. The property sits just 1 mile from Exit 170 A & B off Interstate 81, a major interstate highway boasting over 60,400 VPD. Starbucks is situated along Kidder Street (12,700 VPD), within a bustling retail corridor featuring national retailers who rank as some of the best performing locations within their respective chains.

The Walmart Supercenter in Wilkes-Barre ranks in the top 98% of Walmart Supercenters in the United States and Pennsylvania. The Target in Wilkes-Barre ranks in the top 90% of Targets in Pennsylvania and the top 88% of Targets in the United States. Additionally, both the Lowe’s (74% in U.S.) and Home Depot (79% in PA) located in Wilkes-Barre are some of the top ranked locations within their respective chains (Placer.ai). The 5-mile area surrounding the Property exhibits excellent demographics with a population of over 118,000 and over 51,000 households, both of which are projected to continue growing through 2028. Starbucks (NASDAQ: SBUX) is an investment grade credit tenant (S&P: BBB+) and the world’s largest coffeehouse chain with over 38,000 locations. Starbucks ranks #125 on the Fortune 500 list and in Full Fiscal Year 2023, the company reported consolidated net revenues up 12% to a record $36.0 billion.