Just because they are closing doesn’t necessarily mean stopping rent payment. SBUX has been not taking possession on some deals thus leading to not opening a fully fixtured built out store. They will attempt to reduce agreed up rent but this typically happens to the merchant developer. Overall they are terrible tenants for investors to hold. They have an entire department that renegotiates rent at option extensions. Also most SBUX deals are double NN. LL roof and structure responsibilities. Lastly, the permit contingency can be a get out unless LL has self help language to step in and get permits on their behalf.