148 N Ocean Ave - Freestanding FOR SALE
Cayucos, CA 93430 |
148 N Ocean Ave
Cayucos, CA 93430
HIGHLIGHTS
- Extremely Rare 100 Year Ground Lease (77+ Yrs. Left) - Fee Simple Ownership - Absolute NNN
- Very Attractive Low Price Point - $550,000 - Annual CPI Increases - Great Inflation Hedge
- Trophy Downtown Location just Steps to Pacific Ocean/Pier- Affluent Resort Town
- 22+ Year Operating History - Way Below Market Rent - Low Downside Risk - Stable Cash Flow
- San Luis Obispo MSA - Attractive Real Estate Fundamentals - Significant Barriers to Entry
- Tourist Destination - Just South of Big Sur/Hearst Castle - Range of Lodging/Entertainment Options
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Ground Lease - 148 N Ocean Ave
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
3000
STORIES
1
YEAR BUILT
1960
SPRINKLERS
-
PARKING SPACES
2
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
064-113-028
