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Excellent Anchor Opportunity -Former Kohl's 205 Madonna Rd 30,000 - 62,481 SF of Retail Space Available in San Luis Obispo, CA 93405
HIGHLIGHTS
- Existing Kohl’s Building in dominant Regional Freeway Center on US 101
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 30,000-62,481 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
1st Floor
Available in the 2nd Quarter of 2025, this existing Kohl’s building is located in a dominant regional freeway center along US 101, offering prime visibility and accessibility. The space ranges from ±30,000 SF to ±62,481 SF, with the landlord open to demising to accommodate tenant needs. Featuring approximate dimensions of 282’ x 22’, this property presents a valuable opportunity in a high-traffic retail destination.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Central Air Conditioning
- Wheelchair Accessible
- • Available 2nd Quarter 2025
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT EXCELLENT ANCHOR OPPORTUNITY -FORMER KOHL'S
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Kohl's
- Dept Store
- 1,378
- National
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Kohl's | Dept Store | 1,378 | National |
PROPERTY FACTS
| Total Space Available | 62,481 SF | Gross Leasable Area | 62,481 SF |
| Min. Divisible | 30,000 SF | Year Built | 1985 |
| Property Type | Retail | Parking Ratio | 4.35/1,000 SF |
| Property Subtype | Storefront |
| Total Space Available | 62,481 SF |
| Min. Divisible | 30,000 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 62,481 SF |
| Year Built | 1985 |
| Parking Ratio | 4.35/1,000 SF |
ABOUT THE PROPERTY
Madonna Plaza is a ±319,255 square foot power center located at the northeast quadrant of Madonna Road and El Mercado along Highway 101 in south western San Luis Obispo, California. Part of more than 2.2 million square feet of commercial retail in the San Luis Obispo trade area, Madonna Plaza is anchored by Ralph’s, DSW, Best Buy, Ross, Michael’s, Five Below, Tilly’s and Ulta. Madonna Plaza is highly visible and conveniently accessible to more than 69,000 cars per day traveling US Highway 101. Major retailers in the trade area include Sprouts, Cost Plus World Market, Target, Dick’s Sporting Goods, Costco, Home Depot, Whole Foods, TJ Maxx, HomeGoods, BevMo!, Grocery Outlet, Petsmart, CVS & Trader Joes.With a city population of more than 47,400 people, the City of San Luis Obispo is the largest city in San Luis Obispo County and is its County Seat. Notable traffic generators and in the region include California Polytechnic State University (21,000 students), Morro Bay State Park, and several marquee wineries such as Edna Valley Vineyards, J. Lohr Vineyards, Margarita Vineyards and Soaring Hawk Vineyards.
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
- Wheelchair Accessible
- Air Conditioning
NEARBY MAJOR RETAILERS
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Excellent Anchor Opportunity -Former Kohl's | 205 Madonna Rd
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