
Brand New Mojave Starbucks Sells for $4.5M
Retail specialist Hanley Investment Group Real Estate Advisors has arranged the $4.5 million sale of a newly constructed, single-tenant Starbucks Drive-Thru and cafe in Mojave, CA. The property is located on Highway 14 in the Kern County town that sees millions of tourists annually passing through as they head for Mammoth Mountain, Yosemite and Death Valley.
“Approximately 70% of annual Mammoth visitors come from Southern California and a majority of the vehicles must travel through Mojave to get there,” said Hanley Investment Group’s Bill Asher who represented the seller. Asher also said that Starbucks has been looking for a new drive-thru site in Mojave for years.
The 3,000-square-foot Starbucks-occupied building is located about 1 mile from the Mojave Air and Space Port, home to nearly 70 companies that provide 2,500 jobs to the immediate area. Mojave is also located just north of the Antelope Valley and its major employers including Northrop Grumman and Lockheed Martin.
- ◦Sale/Acquisition