Income-producing Korean DT asset
Gapyeong Seorak IC DT
Income-producing Korean DT asset leased to Starbucks, with seller rollover alignment and improving regional momentum.
High-credit tenant (Starbucks Korea / SCK)Improving area momentumSeller reinvestment / 10% rollover
Remaining lease term
12.2Y
as of Mar 2026
Project IRR
6.4%
including exit
Building / GFA
3F | 719.93 sqm
Parking
49 spaces
Tokens
USDT / USDC
Sale
Mar 22, 2026 – Mar 25, 2026
Status
SALE
Asset overview
The early screens answer whether the asset is real, whether the lease economics are credible, and whether the rent story is supported by actual operating history.
Property
| Address | Gapyeong, Gyeonggi-do, South Korea |
| Site area | 1,724 sqm |
| Gross floor area | 719.93 sqm |
| Building footprint | 249.97 sqm |
| Use | Neighborhood living facility |
| Structure | Reinforced concrete |
| Use approval | 2016 |
| Parking | 49 spaces |
Lease
| Tenant | Starbucks Korea / SCK Company |
| Deposit | KRW 300,000,000 |
| Rent | 13% of monthly net sales excluding VAT |
| Payment day | 15th of each month |
| Leased area | Entire building |
| Accepted tokens | USDT / USDC |
| Indicative token price | 1 USDT / 1 USDC |
Year 1 actual rent
USD 144,205
KRW 209,097,469
Year 2 actual rent
USD 154,611
KRW 224,186,436
YoY growth
+7.2%
Rent history
Actual opening-year rent disclosed in the proposal.
Trust the tenant with charts, not adjectives
This section converts 'high-credit tenant' from a marketing claim into a chart-backed tenant story using market share, sales scale, and store network depth.
Market share
13.1%
2024 cafés / bars value share
Sales
KRW 3.24tn
2025 vs KRW 2.59tn in 2022
Stores
2,115
South Korea footprint at end-2025
Market share
2024 cafés / bars
Revenue growth
KRW 2.59tn → 3.24tn
Store count
South Korea footprint
- Third-place brand positioning supports repeat traffic beyond pure convenience demand.
- Standalone DT format combines visibility, parking, and queue handling in a way inline retail often cannot.
- South Korea is Starbucks' third-largest market globally by store count as of end-2025.
Tenant market-share datasetStarbucks Korea annual disclosuresStore count reference
Why this asset is special
The proposal frames the location as more than a generic café. It combines a third-place brand, a standalone drive-through format, and improving area momentum with seller alignment.
Format
Standalone DT
visibility + parking + queue management
Narrative
Third-place demand
repeat-stop behavior instead of pass-through only
Alignment
10% rollover
seller keeps exposure post-close
Operations
6.4%
headline project return view
- The first screen should avoid overclaiming precise lease tenor until lease-summary disclosure is finalized.
- Seller rollover creates a cleaner alignment story than a full cash-out exit at closing.
- The asset thesis is stronger as a destination DT format than as a generic inline retail box.
Source & use
How the public raise, seller rollover, and purchase structure fit together.
Total cap
USD 4,954,797
Purchase
USD 4,758,621
Seller rollover
USD 474,790
Rollover %
10.0% of equity
Breakdown
| Purchase price | USD 4,758,621 |
| Closing / setup buffer | USD 196,176 mock buffer until model upload |
| Seller rollover | USD 474,790 |
| Public RBT raise | USD 4,480,007 derived public raise view |
Purchase priceUSD 4,758,621
Closing / setup bufferUSD 196,176
Seller rolloverUSD 474,790
Public RBT raiseUSD 4,480,007
- Source & Use should be visible before checkout.
- Seller 10% rollover is a headline governance/alignment point.
- Closing view should reinforce a clean-title-at-closing narrative without overloading the hero.
- Seller rollover aligns the seller with post-closing performance.
- The public page should keep the capital stack readable first, then send detailed legal/title mechanics to documents or drawers.
Return path
The return path should separate recurring operating cash flow from exit value so investors can see what is supported by current operations and what depends on terminal assumptions.
Project IRR (incl. exit)
6.4%
Project IRR (excl. exit)
3.8%
RBT holder IRR (net)
5.5%
RBT holder IRR (gross)
6.3%
Equity multiple
1.73x
Terminal cap rate
3.75%
Project cash flow
Recurring vs. terminal value
RBT holder IRR
Holder-level return view
- Use one chart for project cash flow and a separate chart for RBT holder cash flow.
- Where the detailed underwriting workbook is not loaded yet, the year-by-year projection below is shown as a mock interpolation around the disclosed IRR metrics.
Area momentum and access
The area section should support the message that the demand story is improving, while being explicit that this is driven by living/staying population, tourism, and public support rather than resident count alone.
Living population
1.06m
Jun 2024
Registered population
~62k
resident base
National support
> KRW 10bn / yr
expected from 2027
Gyeonggi plan
KRW 76bn
2025 response plan
Road accessTourism demandDevelopmentDocuments
Map placeholder
Road access · Tourism demand · Development overlays
Access
| Primary road access | Seorak IC / Route 60 / Route 37 |
| Tourism map context | Gapyeong tourism cluster |
| Planning overlays | Cadastral + land-use + regeneration context |
Nearby
| Demand cluster | Namiseom / Petite France / Cheongpyeong leisure belt |
| Usage pattern | Weekend stopover + destination traffic |
| Why DT wins | Parking and convenience outperform inline formats on this corridor |
- Gapyeong's living population exceeded 1.06 million in June 2024 versus a registered population of roughly 62 thousand.
- Official data placed Gapyeong second among 89 depopulation regions in the June 2024 staying-population multiplier and third in September 2024.
- Gapyeong's 2033 urban regeneration strategic plan was approved in January 2025, and Seorak-myeon was included in the county's regional specialized cultural zone.
- After its March 2025 border-area designation, Gapyeong expects tax benefits and more than KRW 10bn of annual national support from 2027.
- Gyeonggi Province's 2025 response plan totals KRW 76bn and focuses on living-population expansion, jobs, tourism infrastructure, and residential-environment upgrades.
Gapyeong tourism map (EN)Road / cadastral public documentsLiving population / depopulation region sources
Documents
Documents should feel like a diligence trail, not a download dump. Show what is available now, what is redacted, and what is still being prepared.
Available
Building registry / title excerpt
Headline legal title information for public review.
Building register
Official building facts and use approval summary.
Cadastral maps
Site and land-boundary context.
Land-use plan
Planning and zoning context.
Lease agreement (redacted extract)
Headline economics first, detailed terms via controlled disclosure.
Diligence tracks
Market DD
Valuation DD
Legal DD
Physical DD
Financial DD
Disclosure policy — Public page rule: disclose headline economics first, move full lease detail into a redacted data-room extract, and keep the sticky CTA focused on Invest only.
Attached site planAttached building registerAttached building registryAttached cadastral mapsAttached land-use plans
On-chain contracts
Series Manager0x078f2989284118884BCe471B1C91B3109D65661f
RBT Asset0xC2e0B050954412BD6129e1f77454d5745f2FE2C4
Interest Router0x3c6B9AD41aD6f2729c8a38CbE653E714341cd10b
Redemption Router0xBD12C45DAf9b7E55349B2413F63Ee99774DfeFF7
Gapyeong Seorak IC DT
10USDT / RBT
Funded 0%997 left
Quantity
1
Total10 USDT
Balance0 USDT
WindowEnded
WalletNot connected
Readiness check
WalletOpen and unlock your wallet before investing.
NetworkReady on fuji.
Primary saleThe sale is open on-chain.
Sale windowClosed at Mar 25, 2026, 10:52 PM.
USDT balanceNeed 10 USDT, but only 0 is available.
ApprovalUSDT approval will be requested before purchase.
Supply997 RBT remain in this round.
Open and unlock your wallet before participating.
On-chain details
LifecycleSALE
Token ID244130195755431402638419709739038846897001
Manager0x078f…661f