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Sonic 4500 San Palo Rd 2,856 SF Retail Building Atascadero, CA 93422 $4,162,860 CAD ($1,457.58 CAD/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- Built in 1999 and extensively renovated in 2024
- Across the street from a high-volume In-N-Out
- 10 Years Absolute NNN Lease to commence on close of escrow
EXECUTIVE SUMMARY
10-year Absolute NNN Lease with 10% increases every 5 years. The site is conveniently located between San Luis Obispo and Paso Robles, offering easy access to beaches, wineries, and vibrant downtown areas with high visibility along US Highway 101.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,856 SF
Building Class
C
Year Built/Renovated
1999/2024
Price
$4,162,860 CAD
Price Per SF
$1,457.58 CAD
Cap Rate
5%
NOI
$208,143 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.96 AC
Zoning
CT, SLO - Commercial Tourist
Parking
35 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
195’ on San Palo Rd
AMENITIES
- Freeway Visibility
- Pylon Sign
- Restaurant
- Drive Thru
PROPERTY TAXES
| Parcel Number | 049-225-011 | Improvements Assessment | $1,398,925 CAD |
| Land Assessment | $1,178,042 CAD | Total Assessment | $2,576,967 CAD |
PROPERTY TAXES
Parcel Number
049-225-011
Land Assessment
$1,178,042 CAD
Improvements Assessment
$1,398,925 CAD
Total Assessment
$2,576,967 CAD
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Sonic | 4500 San Palo Rd
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