SOLEDAD — Hanley Investment Group Real Estate Advisors, a leading nationwide brokerage firm specializing in retail property transactions, has facilitated the sale of a new Dutch Bros Coffee drive-thru location at 526 Nestles Road in Soledad.
The property was sold for $2.15 million to a private investor based in Northern Los Angeles County.
In this successful transaction, Hanley Investment Group’s Executive Vice Presidents, Bill Asher and Jeff Lefko, represented both the seller, a local private investment firm, and the buyer.
“We procured a Southern California-based all-cash 1031 exchange buyer within the first three weeks of marketing the property,” Asher said. “The store marks the first Dutch Bros in Monterey County and set a record for store openings in Northern California.”
The Soledad location features a new 15-year absolute triple-net ground lease that includes 10% rent increases every five years and four five-year renewal options. The property, situated on a 0.85-acre site within the Soledad Marketplace — a newly developed 120,000-square-foot grocery-anchored shopping center — benefits from proximity to Highway 101 and a diverse array of nearby amenities, including Grocery Outlet and Premiere Cinemas, with additional tenants planned.
In addition to the Soledad location, Hanley Investment Group has also successfully completed the sales of Dutch Bros properties in Baldwin Park and Moreno Valley within the same month. Collectively, these properties sold for a total of $8.08 million.
As of January, Dutch Bros operates 998 locations across 18 states, and recently opened its second Monterey County location at 1023 Broadway St. in King City.
