Listed by SRS Real Estate Partners Tampa
$5,904,000
Walgreens - Santa Barbara (Santa Maria) CA
Details
APN 119-142-013
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 14,490
Cap Rate 6.25%
NOI $369,000
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type NN
Lease Term 30.1
Lease Expiration 03/31/2032
Remaining Term 5.7
Broker Co-Op Yes
Year Built 2001
Buildings 1
Stories 1
Acreage 1.340
Zoning PD/C-2
Parking Spaces 56 spaces
Parking per 1,000 SqFt 3.86
Investment Type Net Lease
Lease Commencement 03/12/2002
Ownership Fee Simple
Retail | 6.25% CAP | 14,490 SqFt
Investment highlights
Corporate Signed Lease | Long Term Occupancy (20+ Years) | Nationally Recognized Brand | Strong Store Sales
NN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
New Major Santa Maria Developments
Signalized, Hard Corner Intersection | Excellent Visibility & Access
Strong Demographics In 5-mile Trade Area
Listing Contacts
Listed by SRS Real Estate Partners Tampa
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$369,000.00
$30,750.00/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
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