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SLO Promenade 305-487 Madonna Rd 957 - 57,333 SF of Retail Space Available in San Luis Obispo, CA 93405
HIGHLIGHTS
- National anchor tenants.
- High visibility from Highway 101.
- Located near high residential growth.
- Wide range of shop space available.
SPACE AVAILABILITY (6)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 17 | 1,398 SF | Negotiable | $49.77 CAD/SF/YR $4.15 CAD/SF/MO $69,578 CAD/YR $5,798 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste 19 & 20 | 7,143-14,516 SF | Negotiable | $45.62 CAD/SF/YR $3.80 CAD/SF/MO $662,256 CAD/YR $55,188 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste 21 | 2,800 SF | Negotiable | $49.77 CAD/SF/YR $4.15 CAD/SF/MO $139,356 CAD/YR $11,613 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste 24 | 1,876 SF | Negotiable | $49.77 CAD/SF/YR $4.15 CAD/SF/MO $93,369 CAD/YR $7,781 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste 3 | 957 SF | Negotiable | $49.77 CAD/SF/YR $4.15 CAD/SF/MO $47,630 CAD/YR $3,969 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste 4 | 35,786 SF | Negotiable | $33.18 CAD/SF/YR $2.77 CAD/SF/MO $1,187,380 CAD/YR $98,948 CAD/MO | Triple Net (NNN) |
Highway 101 & Madonna Rd - 1st Floor - Ste 17
Please refer to the leasing flyer for information on square feet available & lease rates. Asking rent is $3.00/sf, NNN (est. $0.71/sf)
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Central Air Conditioning
- High performing regional shopping center
- In-line space
Highway 101 & Madonna Rd - 1st Floor - Ste 19 & 20
Two separate former restaurant spaces that can be utilized for another restaurant use or combined for one large 14,516sf freestanding building. Please refer to the leasing flyer for information on square feet available & lease rates. Asking rent is $2.75/sf, NNN (est. $0.71/sf)
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Space is an outparcel at this property
- Space In Need of Renovation
- Central Air Conditioning
- High performing regional shopping center
- Can be combined as one freestanding building
Highway 101 & Madonna Rd - 1st Floor - Ste 21
Please refer to the leasing flyer for information on square feet available & lease rates. Asking rent is $3.00/sf, NNN (est. $0.71/sf)
- Lease rate does not include utilities, property expenses or building services
- Highly Desirable End Cap Space
- Central Air Conditioning
- High performing regional shopping center
- In-line end cap space
Highway 101 & Madonna Rd - 1st Floor - Ste 24
Please refer to the leasing flyer for information on square feet available & lease rates. Asking rent is $3.00/sf, NNN (est. $0.71/sf)
- Lease rate does not include utilities, property expenses or building services
- Space is an outparcel at this property
- Central Air Conditioning
- High performing regional shopping center
- Outparcel space
Highway 101 & Madonna Rd - 1st Floor - Ste 3
Please refer to the leasing flyer for information on square feet available & lease rates. Asking rent is $3.00/sf, NNN (est. $0.71/sf)
- Lease rate does not include utilities, property expenses or building services
- Central Air Conditioning
- High performing regional shopping center
Highway 101 & Madonna Rd - 1st Floor - Ste 4
Former Bed Bath & Beyond, great open space that can be demised. Anchor space is adjacent to brand new Nordstrom Rack, Hobby Lobby, REI, & Sprouts. Please refer to the leasing flyer for information on square feet available & lease rates. Asking rent is $2.00/sf, NNN (est. $0.71/sf)
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Anchor Space
- Rarely available Anchor position
- High performing regional shopping center
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.
PROPERTY FACTS
ABOUT THE PROPERTY
Premier shopping center in the heart of San Luis Obispo with unique tenants such as Sprouts Market, REI, Hobby Lobby (opening soon), Crumbl Cookies (coming soon, Mattress Firm (coming soon) and more. Over 200 new homes being built directly adjacent to this property and by 2025, there will be a new overpass from Highway 101 directly in front of the shopping center. Don't miss out on this opportunity to be part of one of the most desirable shopping centers in the trade area.
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
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SLO Promenade | 305-487 Madonna Rd
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