Starbucks Shops at Lafayette, a retail investment property located at 1137 Diamond Circle in Lafayette, has sold for $5.6 million.
Austin Snedden, associate, Ryan Bowlby, first vice president of investments, and Drew Isaac, senior vice president of investments, of Marcus & Millichap (NYSE: MMI), exclusively marketed the asset on behalf of the seller, a local private partnership.
The property is occupied by Starbucks, Verizon, Batteries Plus Bulbs, and Mod Pizza. The 9,024-square-foot retail building was constructed in 2017 on a 1.59-acre lot.
“Starbucks anchored retail centers with a drive-thru continue to be in high-demand as investors navigate through unprecedented times. The high-quality construction, strong tenancy, and strategic location along Highway 287 attracted both local and national interest,” Snedden said.
Photo courtesy of Marcus & Millichap
