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Hanley Investment Group Negotiates $3.6M Sale of Starbucks-Occupied Retail Property in San Bernardino
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Hanley Investment Group Negotiates $3.6M Sale of Starbucks-Occupied Retail Property in San Bernardino
SAN BERNARDINO, CALIF. — Hanley Investment Group Real Estate Advisors has negotiated the $3.6 million sale of a single-tenant retail property leased to Starbucks Coffee in San Bernardino. The newly constructed, drive-thru-only café prototype spans 1,200 square feet and operates on a 15-year triple-net corporate lease with 10 percent rental increases every five years. The asset is located at 291 E. Hospitality Lane. Bill Asher and Jeff Lefko of H…
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