Ground Lease - 148 N Ocean Ave 148 N Ocean Ave 3,000 SF 100% Leased Retail Building Cayucos, CA 93430 $732,858 CAD ($244.29 CAD/SF) 4.16% Cap Rate

100% Leased Investment Opportunity: Prime location offering ±3,000 SF of single tenant retail shop space just one block from the iconic Cayucos Beach & Pier. The property is located in the heart of Cayucos, a vibrant and charming beachside town in San Luis Obispo County, which draws over 7 million visitors annually. Strategically positioned just 7 miles from Morro Bay and 20 miles from downtown San Luis Obispo, the property also benefits from direct access to the Pacific Coast Highway (Highway 1), which draws more annual visitors than Yosemite National Park and provides seamless connectivity to Big Sur and other major tourist destinations.
The property is secured by a rare 100-year ground lease with approximately 77 years remaining, offering long-term stability and minimal landlord responsibilities. The tenant has established a 22+ year operating history at this location, providing a proven track record and consistent performance in a high-traffic coastal market. The property consists of annual increases that are tied to the Consumer Price Index (CPI) indexed which has historically averaged 3-4% year to year