5117 SHERIDAN DR Amherst NY 14221-4622

Northmarq is pleased to present the opportunity to acquire two high performing freestanding QSR’s with full Drive Thrus. Both tenants are proven strong performers who have relocated to this strategic location from a nearby shopping center to further enhance their performance. Situated at the signalized hard corner of Sheridan Drive and Mill Street, the property benefits from exceptional visibility, strong surrounding demographics (5-mile population of 240,000+ and average household income exceeding $108,000), and proximity to major retailers, schools, and residential communities. The area is an affluent and highly sought-after retail corridor with over 33,600 vehicles per day and close proximity to the famous Park Country Club an 18-hole golf course with tennis, pickleball courts and swimming facilities. This newly developed dual-tenant retail investment features Starbucks (brand new construction) and Mighty Taco (fully redeveloped in 2020 by tenant $1.2M), both operating under 10-year corporate NNN leases providing stable, predictable income with minimal landlord responsibilities.

Starbucks (NASDAQ: SBUX; S&P: BBB+), lease commenced 2/1/2026 under a new 10yr NNN lease with 10% rent increases every five years through the base term and options. Mighty Taco, a well-established and respected regional QSR chain with 19 locations across Western New York, has fully renovated this store in 2020, spending upward of $1.2M on the renovations entirely at their own cost, paying well below market rents, operating under a NNN lease with 2% annual rent escalations, compounding consistent rent growth. Lease includes an additional 15% Admin fee on the CAM, generating additional income to the owner.

Trophy Dual-Tenant Retail Investment • Highly desirable, brand-new construction featuring Starbucks and Mighty Taco, two free standing quick-serve restaurants on separate parcels, located in the highly affluent Buffalo suburb of the Town of Williamsville. Both leases feature 10+ years remaining on their base terms, providing stable, predictable cash flow with minimal near-term rollover risk and strong long-term income durability.

Relocation Stores/Proven Strong Performers • Both Starbucks and Mighty Taco have relocated to this strategic site from a nearby shopping center to add drive thurs to their stores. Starbucks is brand-new construction with the store opening officially opening for business on February 1, 2026. Mighty Taco invested over $1,200,000 in 2020 to fully redevelop their store entirely at their own expense, offering minimal near-term maintenance exposure. The tenant also recently executed two five-year options early at no cost to ownership further demonstrating their commitment to the site.

Full Corporate Guarantees from National and Respected Regional Tenant • Starbucks Corporation (NASDAQ: SBUX; S&P: BBB+) is the world's premier coffee company with over 40,000 locations worldwide and $36B in annual revenue. Mighty Taco, Inc. is a well-established and respected regional restaurant fast-food chain founded in 1973 with 19 locations across the Buffalo-Niagara Region and a tremendous following of loyal customers.

High-Income Submarket • The property benefits from a substantial population of over 240,000 people within a 5-mile radius, with an average household income of approximately $108,000. These strong surrounding demographics, combined with the property's location within a thriving regional commercial retail corridor, provide a solid foundation for tenant success and long-term performance.

Strong Traffic & Corner Visibility • Both assets benefit from excellent site visibility and frontage along Sheridan Drive. Situated at a signalized intersection at Sheridan Drive and Mill Street, the Property has exposure to 33,600+ vehicles per day, driving consistent retail demand. Sheridan Drive serves as a major local thoroughfare and has significant housing traffic and commercial activity.

Attractive, Durable Income Stream with Excellent Rent Growth • Starbucks has built in 10% rent increases every 5 years throughout the base term and renewal options, demonstrating meaningful rent growth through year 30. Mighty Taco has built in 2.00% annual rental escalations, which continue throughout the base term and option periods, compounding rent growth.

NNN Leases • Landlord will enjoy minimal responsibilities, with all Property taxes, CAM and insurance being paid by the tenants, and an additional 15% for administration fees.

Below Market Rent • Mighty Taco is currently paying less than half of market rent, creating an exceptional value-add opportunity whether the tenant renews or vacates after 10 years, allowing rents to be brought to market.

Parking & Site Layout • Ample on-site parking supports retail traffic, with easy ingress/egress from both Sheridan Drive and Mill Street.