A rare ground lease investment opportunity in the heart of Santa Barbara’s Funk Zone with freeway frontage — one of the Central Coast’s most dynamic and sought-after urban districts. The ground lease rate is substantial below market. This dual-parcel offering delivers a truly passive, absolute NNN income stream with zero landlord responsibilities. No expenses, no management, no surprises — just pure, unencumbered cash flow from day one. Positioned at the intersection of E. Montecito St and Anacapa St, the property sits at the epicenter of Santa Barbara’s premier destination for wine tasting rooms, craft breweries, boutique hospitality, and creative retail — anchored between State Street and the waterfront. Ground leased, absolute NNN investments of this caliber in a supply-constrained, high-barrier-to-entry market like Santa Barbara are exceptionally rare to market. Once the ground Lease expires land owner will take full control of the entire property. Buyer to use Seller's AIR Purchase Contract, which has been filled out with required language for the sale of the property.