SAN BERNARDINO, Calif. - Hanley Investment Group Real Estate Advisors, a national real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm has arranged the sale of a new-construction, single-tenant Starbucks Drive-Thru-Only property in San Bernardino, California. The property sold for $3,564,000.
Hanley Investment Group's Executive Vice President Bill Asher and Executive Vice President and Partner Jeff Lefko represented the seller, a local developer. The buyer, a local investor from Orange County, California, was represented by David Kluver, senior vice president and principal with Lee & Associates in Newport Beach, California.
"We procured a repeat Starbucks investor based in Southern California through a broker relationship and closed escrow on a rare Starbucks drive-thru-only prototype in the Inland Empire," said Asher. "The combination of a new 15-year lease, a prime freeway-adjacent location and strong co-tenancy resulted in premium pricing for this asset."
Located at 291 East Hospitality Lane, the 1,200-square-foot Starbucks building was completed in 2025 on a 0.58-acre parcel. The store features a double drive-thru and represents Starbucks' drive-thru-only prototype, designed to maximize operational efficiency and throughput, ideal for this very accessible and visible freeway location.
The new Starbucks is secured by a 15-year corporate triple-net lease, with no early cancellation clause and 10% rental increases every five years during the primary term and each of the four five-year options.
The property benefits from a strategic freeway-adjacent location just off the Interstate 10 Freeway (210,600 cars per day) and the signalized intersection of Hospitality Lane and Waterman Avenue (55,000 cars per day). The site sits within an opportunity zone and is co-tenanted with a new Quick Quack Car Wash, which Hanley Investment Group recently sold.
The Starbucks is positioned adjacent to Tri-City Corporate Centre, a premier 153-acre, 1.69-million-square-foot master-planned office, retail and hospitality district. The surrounding area features several major hotels, including DoubleTree by Hilton (251 rooms), La Quinta Inn & Suites (70 rooms), Heritage Inn & Suites (153 rooms) and Staybridge Suites (106 rooms), providing consistent daily traffic and strong synergy for the tenant.
The property is located in one of the Inland Empire's most established retail corridors. The region continues to experience significant population and economic growth, with more than 257,000 residents within five miles and a daytime population of 142,440 within three miles. Over the past 30 years, the Inland Empire has grown by 78%, more than twice the rate of California overall.
Starbucks (NASDAQ: SBUX), rated BBB+ by S&P, has been named one of Fortune's "World's Most Admired Companies" from 2009 to 2025 and operates more than 40,000 stores in 84 countries.
"Demand for single-tenant, service-oriented assets leased to nationally recognized operators like Starbucks remains exceptionally strong," Asher said. "The combination of corporate credit, long-term lease security and high-traffic Inland Empire locations continues to resonate with private and 1031 exchange buyers."
To date, Hanley Investment Group has closed more than $760 million in Starbucks property transactions nationwide, including 75 Starbucks-occupied properties in California.
About Hanley Investment Group
Hanley Investment Group Real Estate Advisors is a real estate brokerage and advisory services company with a transaction track record of $12.8 billion, specializing in the sale of retail properties nationwide. The firm's expertise, proven track record spanning more than 20 years, and dedication to putting clients' needs first set it apart in the industry. Hanley Investment Group creates value by delivering exceptional results through property-specific marketing strategies, cutting-edge technology and local market knowledge. Hanley Investment Group's relationships with investors, developers, institutions, franchisees, brokers and 1031 exchange buyers translate into maximum exposure and pricing for each property. With unmatched service, Hanley Investment Group has redefined the experience of selling retail investment properties.
For more information, visit www.hanleyinvestmentgroup.com.
Media Contact
Company Name: Hanley Investment Group Real Estate Advisors
Contact Person: Bill Asher, Executive Vice President
Email: Send Email
Phone: 949.585.7684
Address:3500 East Coast Highway, Suite 100
City: Corona del Mar
State: California
Country: United States
Website: https://hanleyinvestmentgroup.com/
