1760 N Broadway - Freestanding FOR SALE


Santa Maria, CA 93454
$2,900,000 USD
949-270-8229
1760 N Broadway, Santa Maria, CA for Sale
$2,900,000 USD
Freestanding - FOR SALE
1/10
null | 4.31% Cap Rate

1760 N Broadway
Santa Maria, CA 93454


HIGHLIGHTS

  • Over 10-Years Remaining | Corporate Guaranteed | Scheduled Rental Increases | Latest Prototype
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Central California Real Estate | Santa Barbara Wine Country | California’s Famous Central Coast | High Barriers to Entry
  • Located Along N Broadway | U.S. Highway 101 | Dual Drive-Thru | Excellent Visibility & Access
  • Dense Retail Corridor | Hospitality Cluster
  • Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, corporate guaranteed, drive-thru equipped, Dutch Bros. Coffee investment property located in Santa Maria, California. The tenant currently has over 10 years left on their initial term with 3 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features a 10% rental increase every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is corporate guaranteed and is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. This offering represents a rare opportunity to acquire Central California real estate within a dense, infill trade area with high barriers for new development.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$3,364 USD /SF

CAP RATE

4.31%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dutch Bros | 12+yrs Remain Corp Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,075 SF

ZONING

C2

APN/PARCEL ID

128-004-013

ASK ABOUT THIS PROPERTY

Stephen SullivanSRS National Net LeaseMore Info
949-270-8229

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Stephen SullivanSRS National Net LeaseMore Info
949-270-8229

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.