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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
- Rarely Available Anchor Position (±35,924 SF)
- ±256,000 SF Regional Shopping Center Adjacent to Madonna Plaza
- High Performing Regional Shopping Center
- Sprouts, REI, Hobby Lobby, Nordstrom Rack and Boot Barn Now Open!
- Over 67,964 ADT Traveling Along Highway 101
- High Residential Growth Area (577 New Homes Completed & Under Construction Directly to the South)
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 | $50.45 CAD/SF/YR $4.20 CAD/SF/MO $70,533 CAD/YR $5,878 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste 19 & 20 | 7,143-14,516 SF | Negotiable | $46.25 CAD/SF/YR $3.85 CAD/SF/MO $671,339 CAD/YR $55,945 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste 21 | 2,800 SF | Negotiable | $50.45 CAD/SF/YR $4.20 CAD/SF/MO $141,267 CAD/YR $11,772 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste 24 | 1,876 SF | Negotiable | $50.45 CAD/SF/YR $4.20 CAD/SF/MO $94,649 CAD/YR $7,887 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste 3 | 957 SF | Negotiable | $50.45 CAD/SF/YR $4.20 CAD/SF/MO $48,283 CAD/YR $4,024 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste 4 | 35,786 SF | Negotiable | $33.64 CAD/SF/YR $2.80 CAD/SF/MO $1,203,664 CAD/YR $100,305 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. $0.86/sf)
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Central Air Conditioning
- 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 $2.00/sf, NNN (est. $0.86/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
Former Game Stop. Please refer to the leasing flyer for information on square feet available & lease rates. Asking rent is $3.00/sf, NNN (est. $0.86/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
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. $0.86/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.
Site Plan
Select Tenants at SLO Promenade
- Tenant
- Description
- US Locations
- Reach
- Boot Barn
- Shoes
- 578
- National
- Hobby Lobby
- Hobby
- 1,294
- National
- Nordstrom Rack
- Dept Store
- 159
- National
- REI
- Sporting Goods
- 18
- National
- Sprouts Farmers Market
- Supermarket
- 537
- National
- World Market
- Furniture/Mattress
- 337
- National
| Tenant | Description | US Locations | Reach |
| Boot Barn | Shoes | 578 | National |
| Hobby Lobby | Hobby | 1,294 | National |
| Nordstrom Rack | Dept Store | 159 | National |
| REI | Sporting Goods | 18 | National |
| Sprouts Farmers Market | Supermarket | 537 | National |
| World Market | Furniture/Mattress | 337 | National |
Property Facts
About the Property
Premier shopping center in the heart of San Luis Obispo with unique tenants including Sprouts Farmers Market, REI, Hobby Lobby, Nordstrom Rack, Boot Barn and more. Over 200 new homes newly built directly adjacent to this property as well as 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
Presented by
SLO Promenade | 305-487 Madonna Rd
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