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The Oaks Shopping Plaza 8665 El Camino Real 30,000 SF Retail Building Atascadero, CA 93422 $7,325,050 CAD ($244.17 CAD/SF) 6.20% Cap Rate
INVESTMENT HIGHLIGHTS
- Single-Tenant Net Lease (STNL) Big Box Asset
- 5+ years remaining on Lease Term with Two, 5-Year Options
- Regional Fitness Tenant with 13 Locations
- Zero Landlord Responsibilities
- Easy access to Hwy 101 (AADT: +/-56,852)
- Ranked #3 in site visits out of 18 fitness centers in a 15-mile radius (according to Placer.ai)
EXECUTIVE SUMMARY
Colliers | San Luis Obispo is proud to present the Subject Property located in The Oaks Shopping Plaza in Atascadero, CA. This single-tenant net leased (STNL) investment opportunity consists of a +/- 30,000 square foot retail anchor building leased to Thrive Business Development, Inc. (dba Valley Fitness). The property is strategically located on the main commercial corridor of Atascadero (El Camino Real – 19,000 AADT) and benefits from its easy access to Hwy 101 (56,852 AADT). Neighboring tenants of The Oaks Shopping Plaza include Food 4 Less, CVS, Smart & Final, Dutch Bros, Jersey Mike’s, Wendy’s, Walgreens, Planet Fitness, AutoZone, and Ace Hardware.
Valley Fitness has been a tenant at the Subject Property since its lease assumption in 2019 and has proven to be a successful operator at this location. Valley Fitness is a strong regional fitness tenant operating across the Central Valley and Central Coast with 13 locations. This Atascadero location is ranked #3 in site visits out of 18 fitness centers in a 15-mile radius according to Placer.ai.
This opportunity offers an investor a stabilized NNN investment with a long-term lease with zero landlord responsibilities on California’s Central Coast.
Valley Fitness has been a tenant at the Subject Property since its lease assumption in 2019 and has proven to be a successful operator at this location. Valley Fitness is a strong regional fitness tenant operating across the Central Valley and Central Coast with 13 locations. This Atascadero location is ranked #3 in site visits out of 18 fitness centers in a 15-mile radius according to Placer.ai.
This opportunity offers an investor a stabilized NNN investment with a long-term lease with zero landlord responsibilities on California’s Central Coast.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
30,000 SF
Building Class
B
Year Built
1981
Price
$7,325,050 CAD
Price Per SF
$244.17 CAD
Cap Rate
6.20%
NOI
$453,897 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
3.32 AC
Zoning
CR - Retail
Parking
60 Spaces (2 Spaces per 1,000 SF Leased)
AMENITIES
- Pylon Sign
- Signage
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Valley Fitness
- -
- 30,000 SF
- $15.13 CAD
- Triple Net
- Aug 2030
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Valley Fitness | - | 30,000 SF | $15.13 CAD | Triple Net | Aug 2030 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 030-513-013 | Improvements Assessment | $3,225,748 CAD |
| Land Assessment | $3,374,215 CAD | Total Assessment | $6,599,963 CAD |
PROPERTY TAXES
Parcel Number
030-513-013
Land Assessment
$3,374,215 CAD
Improvements Assessment
$3,225,748 CAD
Total Assessment
$6,599,963 CAD
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The Oaks Shopping Plaza | 8665 El Camino Real
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