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Coffee Bean & Tea Leaf Trades in Rialto
Hanley Investment Group Real Estate Advisors completed the sale of a brand-new single-tenant retail property occupied by The Coffee Bean & Tea Leaf at 1877 North Riverside Ave. in Rialto, CA. The sale price was $2.89 million, representing a 3.8% cap rate and $1,667-per-square-foot.
Hanley’s Bill Asher and Jeff Lefko represented the seller, Newport Beach, CA-based Fountainhead Development. Capital Realty Solutions Inc.’s Ash Joshi represented the unnamed buyer, a private investor based in Chatsworth, CA.
The new construction, freestanding, 1,710-square-foot store, which opened on July 23rd, has a drive-thru and is located on a 0.48-acre pad at the hard corner, signalized intersection at Riverside Avenue and Easton Street/Highland Avenue.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition




