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.