Santa Maria, CA - Walgreens
$5,904,000
707 N. Broadway, Santa Maria, CA 93454
6.25
Cap Rate
369,000
NOI
Details:
Description:
• The tenant has successfully occupied the site since 2002 and has 6+ years remaining on the lease
• Store has achieved strong year-over-year sales performance -contact broker for details
• Lease is signed by Walgreen Co.
• Walgreens currently operates nearly 8,700 retail locations across America, Puerto Rico and the U.S. Virgin Islands, and serves nearly 10 million customers each day
• The subject property is 2 miles from $174M Blosser Ranch Community master-planned development which is turning 160 acres into 1,500+ homes, a new school and sports complex
• Roughly a mile from two newly constructed 6-story, 100+ unit apartment buildings the Pearlman Apartments and Cook Street Apartments
• The asset is located at the signalized, hard corner intersection of North Broadway and Alvin Ave combining for 32,300 VPD
• Site is in close proximity to Santa Maria Town Center with 3.7M visits annually
• Ideally postioned 2 miles from Hwy 101 (63,500 VPD) providing excellent access for local residents and regional commuters
• The asset has excellent visibility and multiple points of ingress/egress
Location
Gallery