The Windmill Building
Retail | 7,711 SqFt
Marketing description
Offered at approximately $3,000,000, or about $389 per square foot across ±7,711 square feet, this iconic commercial landmark represents a compelling entry point for trophy village retail in the heart of Solvang. Arguably the most photographed site in Solvang, the property anchors the Danish village theme at the hard-corner of Alisal Road, complete with the windmill and the Rundetarn tower replica.
Nestled in the heart of the renowned Santa Ynez Valley, Solvang is one of Southern California's most distinctive and sought-after tourism destinations. Commonly known as the "Danish Capital of America," the city attracts more than one million visitors annually with its authentic Northern European inspired architecture, walkable downtown, award-winning wine country, boutique shopping, and year-round events. Solvang offers a unique blend of Old-World charm and California lifestyle, making it a premier destination for tourists, wine enthusiasts, and weekend travelers from Los Angeles, Orange County, and the Central Coast. The city's picturesque downtown is characterized by windmills, half-timbered buildings, cobblestone-style streets, Danish bakeries, outdoor cafés, and specialty boutiques. Solvang draws roughly one (1) million visitors per year, funneling foot traffic directly past the property on the village's principal corridor.
Investment highlights
- Rare Basis in the Heart of Solvang - Offered at approximately $3,000,000, or about $389 per square foot across ±7,711 square feet, a compelling entry point for trophy village retail.
- Iconic, Irreplaceable Landmark - Arguably the most photographed site in Solvang, anchoring the Danish village theme at the hard-corner of Alisal Road, complete with the windmill and the Rundetarn tower replica.
- Seller Financing Available - The Seller is open to providing financing to a qualified Buyer. Please contact the broker for details.
- One Hundred Percent (100%) Occupied, Eight (8) Tenants - Fully leased across eight (8) units, with diversified income anchored by established local retailers including The Right Gift, Tower Pizza, and Solvang Flavors.
- Residential Rental Unit Income Plus Upside - The Hygge Tower residential rental unit contributes inflation resistant income potential in addition to a diversified use for the property.
- Powerful Tourism and Foot Traffic - Solvang draws roughly one (1) million visitors per year, funneling foot traffic directly past the property on the village's principal corridor.
- Below Market Rents - In place rents average about $23.81 per square foot on gross leases. Ownership can obtain significant upside by converting leases to NNN and/or enforcing the annual rent increases and Fair Market Value rent adjustments.
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