CBRE, Inc. is pleased to present the San Roque Plaza Portfolio, a rare, value-add multi-tenant retail portfolio in the heart of Santa Barbara, California. A new owner will have the opportunity to purchase prime infill retail properties and improve the existing tenant mix throughout the centers while gradually improving rental rates over time. Currently, the properties are 100% occupied to twenty seasoned tenants on NNN leases that are below market when compared to similar properties in the trade area. In-place rents throughout the portfolio average just $2.50/SF/NNN. Many of the in-place tenants have successfully operated at this location for well over 15 years. The properties are located at the epicenter of Upper State Street at the signalized intersection of State Street and Broadmoor Plaza, nestled amongst other national and regional tenants including Whole Foods, Bristol Farms, Gelson’s, Target, Macy’s, Starbucks, Peet’s Coffee, Ross Dress for Less, Chipotle, the Habit Burger and many others.