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Adobe Plaza
Atascadero, CA Atascadero/Templeton

$8,760,000 USD

General Retail For Sale  •  38,599 SF

3 Properties View all

Property Details

  • Property Type General Retail
  • Cap Rate 6.48 %
30 Transit Score
50 Walk Score

Highlights

Taco Bell and A-Town Diner anchored strip center in with diverse mix of national and local tenants located on prime retail corridor
34,111 square foot multi-tenant building with two single tenant pads – 2,791 (A-Town Diner) and 2,244 (Taco Bell) square feet located on 3.65 acres
Low in-place rents with considerable upside in converting tenants (77%) on gross leases to NNN as well as leasing up vacant 2,244 square foot space
Wide array of daily needs tenants attracting both local population as well as yearround tourists
Ample parking – 220 spaces and excellent visibility with 900 feet of street frontage, pylon sign and dedicated turn lane
Atascadero is located in San Luis Obispo County, midway between Los Angeles and San Francisco in the heart of California’s central coast
Cap Rate: 6.48 %

Public Transportation

AirportDriveWalkDistance
San Luis County Regional 32 min - 22.7 mi
Michael Cisternino 925-388-0888 Essential Capital Advisors
Michael Cisternino 925-388-0888 Essential Capital Advisors