Press release
Hanley Investment Group Arranges Sale of New Construction Starbucks Drive-Thru in Moreno Valley, Calif., for $2.73 Million
Hanley Investment Group's Executive Vice Presidents Bill Asher and Jeff Lefko represented the seller, Chase Partners Ltd., a real estate investment and development company based in Glendale, California. The buyer, a private investor from Orange County, California, was represented by David Kluver of Lee & Associates in Newport Beach, California.
"We generated multiple competitive offers due to the property's low sustainable rent, freeway-adjacent location and positioning on the morning 'going-to-work' side of the street," said Asher. "We ultimately procured a Southern California-based, non-1031 exchange buyer who was a repeat Starbucks investor with ownership of similar single-tenant assets in the state."
The Starbucks Drive-Thru, built in 2023, is located at 22350 Cactus Avenue in Moreno Valley. The 1,500-square-foot building sits on 0.69 acres and traded at $1,817 per square foot. It is part of the newly developed Cactus Commerce Center, which features a synergistic co-tenant mix including ARCO ampm, Wendy's and Del Taco (coming soon).
The site benefits from excellent visibility and accessibility, positioned at the on-ramp to the 215 (Escondido) Freeway, which sees 158,000 cars per day. Cactus Avenue has an average daily traffic count of 38,200 cars per day. The property is directly across from March Air Force Base, the area's largest employer with over 8,000 full-time personnel. The surrounding trade area is supported by a strong daytime population and a growing residential base, with over 100,000 people within a three-mile radius.
Moreno Valley is the second-largest city in Riverside County and one of the fastest-growing cities in the region. Moreno Valley is home to major corporate facilities for Fortune 500 and international companies including Ross Dress For Less, Harbor Freight Tools, Skechers USA, Amazon, Lowe's, Procter & Gamble, Deckers Outdoor (UGG Boots), Aldi Foods, Serta Simmons Mattress, Walgreens and O'Reilly Automotive. The city is also the site of the recently approved World Logistics Center, a 40+ million-square-foot industrial business park - the largest of its kind in California's history - which is expected to create 20,000 new permanent jobs.
Starbucks Corp. (Nasdaq: SBUX), the world's largest coffeehouse chain, operates 41,097 stores in 84 countries and plans to expand to 55,000 globally by 2030. The company reported consolidated net revenue of $9.5 billion in the third quarter, a 4% increase from a year earlier.
According to Asher, "Hanley Investment Group has closed more than $681 million in Starbucks-leased transactions nationwide. This includes 12 single-tenant Starbucks properties totaling $35 million in value over the last nine months alone, with recent California sales in Cathedral City, Santa Barbara and Riverside. The firm also has two Starbucks properties in escrow in Azusa and Perris, one in Barstow under contract, and is currently marketing two single-tenant Starbucks in San Bernardino."
About Chase Partners
Chase Partners, Ltd. is a fully integrated real estate investment and development firm specializing in Southern California retail and industrial real estate. With over 30 years of experience, Chase Partners' expertise includes ground-up development, value-add investments, and infill focused acquisitions. The firm oversees all phases of the investment cycle from development, acquisition, financing, management, to disposition. In doing so, Chase Partners is able to leverage its real estate expertise to drive asset value and increase investor yield. Chase Partner's investment strategy is primarily focused on identifying key locations in superior submarkets in Southern California that are well positioned to benefit from increasing retail and industrial demand. In its history, Chase Partners has been involved in over $1.5 billion in project capitalization. For more information, visit www.chasepartners.com [https://chasepartners.com/].
About Hanley Investment Group
Hanley Investment Group Real Estate Advisors is a real estate brokerage and advisory services company with a $12 billion transaction track record that specializes in the sale of retail properties nationwide. Our expertise, proven track record, and unwavering dedication to putting clients' needs first set us apart in the industry. Hanley Investment Group creates value by delivering exceptional results through the use of property-specific marketing strategies, cutting-edge technology and local market knowledge. Our nationwide relationships with investors, developers, institutions, franchisees, brokers and 1031 exchange buyers are unparalleled in the industry, translating 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.hanleyinvestment.com [http://www.hanleyinvestment.com/].
Media Contact
Company Name: Hanley Investment Group Real Estate Advisors
Contact Person: Bill Asher, Executive Vice President
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=hanley-investment-group-arranges-sale-of-new-construction-starbucks-drivethru-in-moreno-valley-calif-for-273-million]
Phone: 949.585.7684
Address:3500 East Coast Highway, Suite 100
City: Corona del Mar
State: California
Country: United States
Website: https://hanleyinvestmentgroup.com/
Legal Disclaimer: Information contained on this page is provided by an independent third-party content provider. ABNewswire makes no warranties or responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you are affiliated with this article or have any complaints or copyright issues related to this article and would like it to be removed, please contact retract@swscontact.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Hanley Investment Group Arranges Sale of New Construction Starbucks Drive-Thru in Moreno Valley, Calif., for $2.73 Million here
News-ID: 4198504 • Views: …
More Releases from ABNewswire
SendTurtle Users Share Thousands of Secure Links as Growth Accelerates
The fast-growing document sharing and eSignature platform sees rapid adoption as professionals turn to secure, trackable links instead of email attachments.
Arlington, VA - November 18, 2025 - SendTurtle, the intelligent document sharing and eSignature platform, today announced a major milestone as users have now shared thousands of secure document links through the platform. The rapid adoption highlights the growing demand for safe, trackable alternatives to email attachments across industries such…
Robbie's Handmade For You Experiences Surge in Custom Holiday Orders as Artisan …
The newly launched Robbie's Handmade For You reports overwhelming response to personalized holiday offerings as shoppers embrace handcrafted alternatives to conventional gifts. The startup's unique blend of painting, shattered glass art, and resin designs is capturing attention from consumers seeking meaningful, one-of-a-kind presents for loved ones.
Robbie's Handmade For You is experiencing remarkable early success as holiday shoppers embrace the startup's personalized approach to artisan gifting, demonstrating strong market appetite for…
Central City, Phoenix, AZ Installation Expert, Mountain Roofers, Secures the Pre …
This significant accolade is not simply a popularity badge; it represents a third-party validation of the company's commitment to flawless execution, adherence to stringent local building codes, and the use of materials scientifically suited to Arizona's extreme climate.
In the challenging, high-stakes environment of Central City, Phoenix, where the intense desert sun and summer monsoons put roofing systems to the ultimate test, the quality of initial roof installation [https://mtnroofers.com/phoenix-az/#:~:text=Get%20In%20Touch-,Roof%20Installation,-Asphalt%20shingles%2C%20clay] is non-negotiable.…
Mountain Roofers Secures 'Best Local Roof Repair Services Badge' for Downtown Ph …
This recognition is a testament to the company's superior quality, rapid response capabilities, and deep understanding of the unique demands that Arizona's extreme heat and monsoon seasons place on commercial and residential structures.
In the competitive and climatically challenging environment of Central Arizona, earning a reputation for reliable service is paramount. Mountain Roofers has achieved a significant milestone by securing the 'Best Local Roof Repair Services Badge' for Downtown Phoenix and…
More Releases for Calif
Meridian Announces New Major Tenant at Broadway Medical Plaza in Oakland, Calif.
WALNUT CREEK, Calif. - Meridian, a full-service real estate developer and owner of medical real estate, is pleased to announce that Center for Elders' Independence (CEI) has signed a lease at Meridian's recent medical office conversion, "Broadway Medical Plaza." The plus-minus 60,000-square-foot newly repurposed medical office building is located in the Pill Hill area of Oakland, California. CEI will occupy 23,000 square feet in the project and is a "PACE"…
Hanley Investment Group Arranges Sale of 250,787 SF Community Shopping Center in …
MONROVIA, Calif. - Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm arranged the sale of Huntington Oaks Center, a 250,787-square-foot community shopping center located at the intersection of Route 66 (Huntington Drive) and the Huntington Drive off-ramp of the 210 Freeway, in Monrovia, California. Tenants at the shopping center include Trader Joe's, Burlington,…
Single-Tenant Jack in the Box Drive-Thru Sells in Alameda, Calif., for $4 Millio …
ALAMEDA, Calif. - Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, and Colliers, a leading diversified professional services and investment management company, announced today the sale of a corporate single-tenant property occupied by Jack in the Box Drive-Thru in Alameda, California. The purchase price was $4 million.
Hanley Investment Group's Executive Vice Presidents Bill Asher, Jeremy McChesney, and Jeff…
Hanley Investment Group Arranges Sale of Neighborhood Shopping Center in Santa C …
SANTA CLARITA, Calif. - Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm recently completed the sale of Stevenson Ranch Plaza in Santa Clarita, California. The 29,817-square-foot neighborhood shopping center features a mix of internet-resistant education, service and restaurant uses, anchored by Tutor Time.
The seller, Catalyst Real Estate, based in San Francisco, California, was…
Lori Ballen to teach Ballen Method Live in Stockton, Calif. on May 31 – June 2 …
March 25, 2016 – FOR IMMEDIATE RELEASE
Lori Ballen, digital strategist, Internet marketer, public speaker, inventor of The Ballen Method and founder of Ballen Brands, a Las Vegas marketing company, is scheduled to teach a three-day class titled The Ballen Method Live, a class on Internet Marketing, in Stockton, Calif. From May 31 – June 2, 2016, at Keller Williams Realty Stockton located at 3133 West March Lane, Suite 1060, Stockton,…
TEDxGoldenGateED Bringing Focus on Compassion in Education to the Craneway Pavil …
Prospect Sierra and U.C. Berkeley’s Greater Good Science Center are teaming to host a TEDx conference on compassion in education (http://tedxgoldengateed.org) on Saturday, June 11 at the Craneway Pavilion in Richmond, Calif. Tickets are available now via the website.
TEDxGoldenGateED programming is focused on compassion — the sympathetic awareness of another’s distress, coupled with the desire to alleviate their suffering. Compassion is at the heart of the world’s ethical…
