Sonic Atascadero
Absolute NNN Lease
Marketing description
Introducing an exceptional investment opportunity at 4500 SAN PALO RD, ATASCADERO, CA 93422. This newly renovated property features a 10-year Absolute NNN Lease with 10% rent increases every 5 years, offering a strong NOI of $150,000 at a 5% cap rate.
Situated in Atascadero, CA, this high-visibility site is easily accessible from U.S. Highway 101, ensuring exposure to approximately 68,000 AADT. With over 232,000 annual visits and proximity to a high-volume In-N-Out, the location guarantees consistent consumer traffic.
The property is strategically located between Los Angeles and San Francisco, attracting travelers and making it an ideal NNN investment. Boasting a strong community feel, Atascadero offers educational opportunities, community events, and a booming real estate market, making it an attractive option for investors seeking growth and stability in the Central Coast market.
Don't miss the chance to own this prime commercial property in a thriving area poised for economic development.
Investment highlights
- High-Visibility Location: Easily accessible from U.S. Highway 101, with approximately 68,000 AADT, ensuring strong traffic exposure.
- Built in 1999 and extensively renovated in 2024
- 10 Years Absolute NNN Lease to commence on close of escrow
- 10% Increases Every 5 Years throughout Primary Term and Option Periods
- The site attracts over 232,000 annual visits (Placer.ai), offering strong consumer engagement.
- Across the street to a high-volume In-N-Out, which drives additional consumer traffic
- 33,575+ households within a five-mile radius with an average household size of 2.7
- Conveniently located between San Luis Obispo and Paso Robles, offering easy access to beaches, wineries, and vibrant downtown areas.
- Strategically positioned midway between Los Angeles and San Francisco, attracting travelers from both up and down the coast, making it an ideal stop for vacationers and a prime NNN investment opportunity
- The presence of high-quality schools, including elementary, middle, and high schools, as well as a college, attracts families, students, and faculty to the area, driving consistent foot traffic and increasing visibility for nearby businesses.
- Atascadero is experiencing growth, with increasing home values and strong demand for residential properties.
- More affordable than San Luis Obispo, making it attractive for buyers looking to invest in the Central Coast.
- A diverse lineup of annual events fosters a strong sense of community and attracts residents and visitors alike, providing consistent foot traffic and engagement opportunities for local businesses.
- The city is experiencing economic growth, with new businesses and restaurants opening, enhancing its desirability.
- With easy access to Morro Bay, Avila Beach, and Montana de Oro, as well as hiking, biking, and nature trails in Stadium Park, Cerro Alto, and Santa Margarita Lake Recreation Area, the area attracts outdoor enthusiasts year- round, driving steady visitor traffic.
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