Hanley Investment Arranges $4.13 Million Sale of Newly Remodeled Single-Tenant Starbucks Café and Drive-Thru in Phoenix

PHOENIX, Ariz. (Sept. 23, 2026) – Hanley Investment Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, announced the $4.13 million sale of a newly remodeled single‑tenant Starbucks café and drive‑thru in Phoenix, Arizona.

Hanley’s Senior Vice President Sean Cox and Executive Vice President Bill Asher, in association with Lee Csenar of Hanley Investment Real Estate Advisors, Inc., represented the seller, private investors affiliated with Pooya Dayanim and Andrew Gharibian, based in Los Angeles. The buyer, a private investor from Los Angeles County, was represented by Thomas Chou of ALTC Realty.

Hanley Investment Real Estate Advisors generated six offers from private investors and 1031 buyers, creating a highly competitive bidding environment for the newly converted asset. The team secured a qualified buyer with a portfolio of three Starbucks properties in the Phoenix metropolitan area, a profile that reflects strong familiarity with the brand and confidence in the store’s long‑term performance. The competitive process resulted in selecting a 1031 exchange buyer who completed a seven‑day due diligence period and closed escrow in 14 days.

The property, located at 15615 South Desert Foothills Parkway, is a former bank building that was fully remodeled in 2025 and converted into a single‑tenant Starbucks café with a double drive‑thru. The 4,586‑square‑foot building, originally constructed in 2003, now features Starbucks’ new strategic “Back to Starbucks” prototype with redesigned interiors, expanded seating, and an improved ambiance that supports work, socialization and relaxation.

According to Hanley, the 2025 remodel delivered Starbucks’ new “Back to Starbucks” prototype, which features cozier, expanded seating options and a more inviting, community‑oriented café environment designed for work, socialization, and relaxation.

The store operates under a new 10‑year triple‑net (NNN) corporate‑guaranteed lease and sits on a large 1.25‑acre parcel with a double drive‑thru, a configuration that supports strong operational efficiency and high throughput. It is the only Starbucks drive‑thru within a 4.5‑mile radius and ranks as one of the top busiest locations in the district of approximately 30 stores, a performance level that reflects the strength of the site and the surrounding trade area.

The property is situated at the hard‑corner, signalized intersection of East Chandler Boulevard and South Desert Foothills Parkway (42,850 CPD) in the Ahwatukee Foothills, one of Phoenix’s most desirable residential communities. Ahwatukee Foothills was ranked #1 in 2025 Best Neighborhoods to Live in Phoenix by Niche.com and is characterized by high barriers to entry due to community association restrictions. The trade area features affluent demographics with an average household income of $206,000 within a one‑mile radius, strong surrounding retail, and sustained demand for drive‑thru retail formats. The broader Phoenix metropolitan area, home to 5.2 million residents, remains one of the nation’s fastest‑growing major markets and a key driver of long‑term retail investment activity.