The Windmill Building

Highlights:

• Rare Basis in the Heart of Solvang Offered at approximately $3,000,000, or about $389 per square foot across ±7,711 square feet, a compelling entry point for trophy village retail.
• Seller Financing Available The Seller is open to providing financing to a qualified Buyer. Please contact the broker for details.
• Residential Rental Unit Income Plus Upside The Hygge Tower residential rental unit contributes inflation-resistant income potential in addition to a diversified use for the property.
• Iconic, Irreplaceable Landmark Arguably the most photographed site in Solvang, anchoring the Danish village theme at the hard-corner of Alisal Road, complete with the windmill and the Rundetarn tower replica.
• One Hundred Percent (100%) Occupied, Eight (8) Tenants Fully leased across eight (8) units, with diversified income anchored by established local retailers including The Right Gift, Tower Pizza, and Solvang Flavors.
• Powerful Tourism and Foot Traffic Solvang draws roughly one (1) million visitors per year, funneling foot traffic directly past the property on the village’s principal corridor.
• Below Market Rents In-place rents average about $23.81 per square foot on gross leases. Ownership can obtain significant upside by converting leases to NNN and/or enforcing the annual rent increases and Fair Market Value rent adjustments.

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