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4/14/26
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An OC investor has purchased a 1.2k sf, new construction, single tenant Starbucks Drive Thru-Only property in San Bernardino for $3.564 mil ($2,970/sf). We’re told 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 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 Ave (55,000 cars per day). The site sits within an opportunity zone and is co tenanted with a new Quick Quack Car Wash.
The Starbucks is positioned adjacent to Tri City Corporate Centre, a premier 153 acre, 1.69 msf 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.
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 was repped by David Kluver, senior vice president and principal with Lee & Associates in Newport Beach.
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