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.
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.