Albertsons | Buellton Center

212 East Highway 246, Buellton, CA

Market Price

Price

41,397 sqft

Building Size

183,480 sqft

Lot Area

Overview
Building Size
41,397 sqft
Lot Area
183,480 sqft
Occupancy
100%
Lease Type
Absolute Net
Tenancy
Single
Parking Spots
220
Parking Ratio
5.311
Lease Expire Year
6/30/2039
Description

Colliers’ National Retail Capital Markets Team is pleased to present the opportunity to acquire the grocery anchored portion of Buellton Shopping Center, an Albertsons and CVS anchored neighborhood shopping center located in Santa Barbara County, California. The Buellton Albertsons is an exceptional opportunity to secure 19.5 years of stable cash flow from a strong performing 41,344 square foot Albertsons store that has been operating out of this location for over 30 years.

Highlights
  • Secure and stable income with a new 20-year lease to Albertsons with favorable rent increases
  • Located right next to the famous tourism-oriented city of Solvang and less than 35 miles from Santa Barbara
  • Anchor for Buellton Shopping center, a dominant, credit oriented shopping center
  • Extremely strong performing Albertsons store
  • Strategically located at the on and off-ramp of the heavily trafficked US Hwy 101 with over 15,876 vehicles passing the site daily
  • Affluent demographic with an average income of ±$119,770 within a five-mile radius

Location
Gallery