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Adobe Plaza 3 Retail Properties Offered at $11,459,478 CAD in Atascadero, CA
Investment Highlights
- Taco Bell and A-Town Diner anchored strip center in with diverse mix of national and local tenants located on prime retail corridor
- Low in-place rents with considerable upside in converting tenants (82%) on gross leases to NNN as well as leasing up vacant 2,244 square foot space
- Ample parking – 220 spaces and excellent visibility with 900 feet of street frontage, pylon sign and dedicated turn lane
- 34,111 square foot multi-tenant building with two single tenant pads – 2,791 (A-Town Diner) and 2,244 (Taco Bell) square feet located on 3.65 acres
- Wide array of daily needs tenants attracting both local population as well as yearround tourists
- Atascadero is located in San Luis Obispo County, midway between Los Angeles and San Francisco in the heart of California’s central coast
Property Facts
| Price | $11,459,478 CAD | Number of Properties | 3 |
| Price / SF | $296.89 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 6.25% | Total Building Size | 38,599 SF |
| Sale Type | Investment NNN | Total Land Area | 5.95 AC |
| Status | Active |
| Price | $11,459,478 CAD |
| Price / SF | $296.89 CAD / SF |
| Cap Rate | 6.25% |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 38,599 SF |
| Total Land Area | 5.95 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Adobe Plaza
7319-7375 El Camino Real, Atascadero, CA 93422 |
Retail | 33,564 SF | 1978 | - |
| 7305 El Camino Real, Atascadero, CA 93422 | Retail | 2,791 SF | 1980 | - |
| 7385 El Camino Real, Atascadero, CA 93422 | Retail | 2,244 SF | 1994 | - |
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