148 N OCEAN AVEYUCOS Cayucos CA 93430-1602

The Snyder Carlton National Net Lease Team is pleased to offer to investors an opportunity to acquire a long term absolute NNN ground leased storefront in Cayucos, CA. Fully Occupied by Highway 1 Rentals, the ground lease has over 77 years remaining in the primary term. With zero landlord responsibilities and annual CPI rent increases, this asset is ideal for an investor seeking passive cash flows for years to come. The 3,000 SF building on 3,750 SF parcel is strategically located along Ocean Avenue and is only a block from Cayucos Beach and Pier. Cayucos is a charming beachside community within San Luis Obispo County (7 million visitors annually) and is within 7 miles of Morro Bay and 20 miles from downtown San Luis Obispo. Additionally, the world-famous Highway is adjacent to Cayucos leading to Big Sur which sees more visitors than Yosemite National Park.

• Extremely Rare 100 Year Ground Lease (77+ Yrs. Left) - Fee Simple Ownership

  • Absolute NNN

• Very Attractive Low Price Point - $550,000 - Annual CPI Increases

  • Great Inflation Hedge

• Trophy Downtown Location just Steps to Pacific Ocean/Pier- Affluent Resort Town

• 22+ Year Operating History - Way Below Market Rent - Low Downside Risk

  • Stable Cash Flow

• San Luis Obispo MSA - Attractive Real Estate Fundamentals

  • Significant Barriers to Entry

• Tourist Destination - Just South of Big Sur/Hearst Castle

  • Range of Lodging/Entertainment Options