1818-1876 N Broadway - Supermarket FOR SALE
Santa Maria, CA 93454 |
1818-1876 N Broadway
Santa Maria, CA 93454
HIGHLIGHTS
- Grocery & drug-anchored asset, providing a consistent consumer draw to the property that is less susceptible to e-commerce & consumer spending changes
- Both CVS Pharmacy and Goodwill haverecently exercised five-year renewal options with term commencing in 2021.
- Opportunity to acquire a grocery and drugstore-anchored asset at a cost basis on improvements that is significantly below replacement cost.
- Approximate growth in Net Operating Income of approximately 16% through year six of an investor’s hold period.
- Both FoodMaxx and CVS Pharmacy have been in occupancy since North Broadway Plaza’s initial completion in 1996.
- Approximately 81% of the occupied square footage has been in occupancy on/before 1996.
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
North Broadway Plaza
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Supermarket
TOTAL BUILDING SIZE
97555
STORIES
1
YEAR BUILT
1996
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
128-132-002,128-132-004,128-132-009,128-132-010,128-132-011,128-132-012,128-132-013
