RIVERSIDE, Calif. - Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, announced today the sale of a newly constructed single-tenant property occupied by Dutch Bros Coffee Drive-Thru in Riverside, Calif. The sale price was $2.8 million for the 15-year absolute triple-net lease ground lease.
Hanley Investment Group's Executive Vice Presidents Bill Asher and Jeff Lefko represented the seller and developer, Zach Bonsall and Braden Bernards of Cole Valley Partners of Portland, Ore. The buyer, a private investor based in Long Beach, Calif., was represented by Mark Troughton of Mark Troughton Real Estate in Whittier, Calif.
"We successfully procured a Southern California-based 1031 exchange buyer through cross-marketing of a similar single-tenant investment and matched the buyer with an off-market opportunity through an existing developer relationship," Asher said. "We secured the buyer prior to construction completion and tenant opening, and closed escrow months before rent commencement."
The 1,025-square-foot Dutch Bros Coffee building is situated on a 0.39-acre pad at 4990 Van Buren Boulevard in Riverside, adjacent to a Walmart Supercenter and neighboring a McDonald's drive-thru. The property features a brand-new 15-year absolute triple-net ground lease with 10% rental increases every five years. An opening date has not been announced for this location.
Asher adds, "This new Dutch Bros Coffee property represents a strategic investment within Riverside in an established dense infill location. The property benefits from high traffic and excellent visibility generated by the adjacent Walmart Supercenter, making it an attractive regional location for quick-service retail concepts like Dutch Bros."
Dutch Bros Coffee (NYSE: BROS) is one of the fastest-growing brands in the U.S. quick-service beverage industry. "Dutch Bros continues its rapid expansion," Asher noted. "As of June 30, 2025, the company operated 1,043 shops across 19 states, including 31 new openings in the second quarter across 13 states, 30 of which were company-operated. With a strong emphasis on drive-thru convenience and a deeply loyal customer base, the brand remains an attractive tenant for long-term real estate investment."
Dutch Bros also reported strong financial performance in its second-quarter 2025 earnings report, with total revenues growing 28% year-over-year to $415.8 million. For the full year 2024, total revenues grew 32.6% to $1.28 billion.
This marks another successful Dutch Bros transaction for Hanley Investment Group, which recently facilitated the $2.58 million sale of a larger-format Dutch Bros in El Centro, Calif., a former Wendy's building also developed by Cole Valley Partners and representing the brand's first Imperial Valley location.
"Investor demand for new, well-located drive-thru assets backed by national tenants continues to offer long-term stability and attract significant capital," Asher said. "With anticipated interest rate reductions, we expect patient capital to increasingly emerge from the sidelines, specifically targeting these safe, secure, and reliable income streams, particularly from 1031 exchange buyers."
About Hanley Investment Group
Celebrating 20 years, Hanley Investment Group Real Estate Advisors is a real estate brokerage and advisory services company with a $12 billion transaction track record, specializing in the sale of retail properties nationwide. Our expertise, proven track record, and unwavering dedication to putting clients' needs first set us apart in the industry. Hanley Investment Group creates value by delivering exceptional results through the use of property-specific marketing strategies, cutting-edge technology, and local market knowledge. Our nationwide relationships with investors, developers, institutions, franchisees, brokers, and 1031 exchange buyers are unparalleled in the industry, resulting in maximum exposure and pricing for each property. With unmatched service, Hanley Investment Group has redefined the experience of selling retail investment properties.
For more information, visit www.hanleyinvestment.com.
Media Contact
Company Name: Hanley Investment Group Real Estate Advisors
Contact Person: Bill Asher, Executive Vice President
Email: Send Email
Phone: 949.585.7684
Address:3500 East Coast Highway, Suite 100
City: Corona del Mar
State: California
Country: United States
Website: https://hanleyinvestmentgroup.com/
