3761 State St - Freestanding FOR SALE
Santa Barbara, CA 93105 |
3761 State St
Santa Barbara, CA 93105
HIGHLIGHTS
- Corporate Guaranteed Lease (S&P: AA-) | 11 Years Remaining | Scheduled Rental Increases | $41.7M+ in Annual 2022 Sales
- NNN | Fee Simple Ownership | Minimal Landlord Responsibilities | Seller Financing Available | Eligible for Bonus Depreciation
- Located Along State St. | U.S. Highway 101 (136,000 VPD) | Excellent Visibility & Access
- The Neighborhood at State & Hope Planned Development | Irreplaceable Coastal Single-Tenant Offering | High Barrier to Entry Market
- Dense Retail Corridor | Hope Ranch Community | Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes
- 2022 Major Renovation | 15+ Year Occupying History | Spanish Colonial Revival Architecture
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
Whole Foods | Trophy Single-Tenant NNN
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Supermarket
TOTAL BUILDING SIZE
29884
STORIES
1
YEAR BUILT
1970
SPRINKLERS
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PARKING SPACES
178
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
051-040-052,051-040-053
