Rancho Cucamonga, Calif. — Hanley Investment Group has arranged the $6.2 million sale of two freestanding buildings in Rancho Cucamonga, in the Inland Empire area of Southern California. The properties — which are situated on a 1.3-acre-parcel — include a 2,508-square-foot Chipotle Mexican Grill and a 4,000-square-foot Starbucks Coffee drive-thru. Originally built in 2003, Chase Partners Ltd, fully renovated the property, which included a 2,500-square-foot expansion of Starbucks Coffee.
Chipotle, which recently extended its property lease an additional five years, has nine total years remaining on its lease. Starbucks Coffee has signed a 10-year lease extension.
Bill Asher and Jeff Lefko of Hanley represented the seller, California-based Chase Partners Ltd., in the transaction. Kim of Epique Realty represented the buyer, a Los Angeles-based private investor.