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8200 El Camino Real
Atascadero, CA 93422 Atascadero/Templeton

$18,750,000 USD

Supermarket For Sale  •  57,513 SF

Property Details

  • Property Type Supermarket
  • Total Building Size 57,513 SF
  • Lot Size 6.9 AC
  • Building Class B
  • Year Built 2000
  • Tenancy Multiple
  • Zoning CR
0 Transit Score
41 Walk Score

Highlights

Single Tenant Absolute NNN Grocer - The entire collateral is wholly leased to Smart & Final, who subleases 18,660 square feet to Planet Fitness.
Rare Embedded Annual Rent Increases - Smart & Final’s lease features annual 2% rent increases; providing consistent NOI growth for an investor.
Absolute NNN Lease - Single tenant asset (subject to sublease with Planet Fitness) on an absolute NNN lease, with no landlord responsibilities.
Seasoned Tenant - Smart & Final has been in occupancy since 2016 and executed a new 16-year lease in 2019.
Prominent Freeway Frontage and Visibility - Approx.800 feet of linear frontage and prominent monument signage along US Route 101.
Affluent Household Demographics - Average household incomes of approximately $110,000 within a three-mile radius.

Amenities

  • Dedicated Turn Lane
  • Freeway Visibility
  • Signage

Public Transportation

AirportDriveWalkDistance
San Luis County Regional 33 min - 22.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Aaron Bettencourt 949-271-1170 REZA Investment Group, Inc.
Aaron Bettencourt 949-271-1170 REZA Investment Group, Inc.