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Santa Maria, CA - Walgreens

$5,904,000

707 N. Broadway, Santa Maria, CA 93454

Active
Last Updated: 03/18/2026

6.25

Cap Rate

369,000

NOI

Details:
Cap Rate:    6.25%
NOI:    $369,000
Building Size:    14,490 sqft
Lot Area:    1.34 acres
Year Built:    2001
Zoning:    PD/C-2
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

Map:
Location
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