Rancho Cucamonga, CA – June 1, 2022 – Pablo Velasco, Senior VP of Leasing & Sales at Progressive Real Estate Partners, represented the developer in the signing of a 10-year lease with Starbucks for a 1,800 square foot drive-thru at 4300 Green River Road in Corona, California. The prime location is visible from the 91 freeway and is situated along the recently completed Foothill Westerly extension that connects the 91 freeway to the 15 freeway with average daily traffic counts of 46,000 cars on Green River Road.
The new ground-up Starbucks will feature the chain’s popular drive-thru only concept and is projected to open in 2023. The pad sits in front of a service-oriented retail strip center and directly across from a Circle K gas station. There is also an 80,000 square-foot office complex immediately adjacent to the property.
In conjunction with the Starbucks lease, Progressive brokers Pablo Velasco and Greg Bedell also represented the property owner in the $905,000 sale of the subject land to an LA County based private developer that is building the Starbucks.
Founded in 1971 and headquartered in Seattle, Washington, Starbucks has over 34,000 stores worldwide and is a premier retailer and roaster of coffee around the world. The chain is well-known for their variety of hot and cold handcrafted beverages and fresh food offerings.
For more information about this transaction OR other Inland Empire retail investment or leasing opportunities you can reach Pablo at 951.961.1883 | pablo@progressiverep.com or Greg at 951.479.7994 | greg@progressiverep.com.
About Progressive Real Estate Partners
Progressive Real Estate Partners (PREP) is a boutique commercial brokerage firm headquartered in Rancho Cucamonga, California. Founded in 2008, the firm specializes in the leasing and sale of retail properties in Southern California’s Inland Empire market. The office is also the exclusive Inland Empire representative of the Retail Brokers Network (RBN). Since the firm’s inception Progressive has completed over 1,200 lease and sales transactions valued at more than $1.8B in 35+ cities throughout the region. Progressive uses the latest marketing and brokerage techniques to help retailers and property owners achieve their commercial real estate goals.