H
anley Investment Group Real Estate Advisors, a nationally recognized retail property sales brokerage and advisory firm, in conjunction with Oaks Commercial Real Estate, announced the sale of a 4,767-square-foot multi-tenant retail pad property anchored by a Starbucks Drive-Thru in Diamond Bar, California. The sale price was $4.57 million.

    Hanley Investment Group's Executive Vice Presidents Bill Asher and Jeff Lefko represented the seller, a private partnership based in Las Vegas, Nevada, while Fred Encinas of Oaks Commercial Real Estate represented the buyer, a private investor from Los Angeles. Arman Mahmoodi of BeachRock Group, Inc. at Keller Williams in Beverly Hills represented the buyer.

    "We generated over 10 qualified offers within the first month and secured a Southern California-based buyer who owned similar Starbucks investments at 98% of the listed price," Asher said. Encinas added that this acquisition was a rare opportunity for a San Gabriel Valley Starbucks Drive-Thru endcap, multi-tenant pad investment.

    The property is located on a 0.70-acre lot and features three tenants: Starbucks, Jimmy John's, and Crumbl Cookies. The site offers exceptional visibility and direct access to the SR-57 (Orange Freeway) and SR-60 (Pomona Freeway), which see 347,000 cars per day.

    The dense Diamond Bar location boasts a population of over 230,000 within a five-mile radius and an average household income of $126,000 within three miles. The San Gabriel Valley has a population of 1.7 million. The property is minutes from the industrial hub of The City of Industry and Gateway Corporate Center.

    "Demand for high-quality, well-positioned retail properties continues to be strong," Asher said. "We expect both patient capital and motivated buyers to emerge, contributing to an increase in retail pad transactions throughout the year."

    Hanley Investment Group has sold over $675 million in Starbucks-related properties across the US, including 24 sales over the last 18 months.