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Kings Plaza Shopping Center 1475 41st Ave
21,440 SF of Retail Space Available in Capitola, CA 95010
Highlights
- Prime 21,440sf achor space in Grocery Anchored Shopping Center Available For Lease
- Ample Onsite Parking and Existing Customer Traffic
- Premier Location at the #1 Intersection in the Region
- Fantastic Location next to New Leaf Market and CineLux Theatres
- First Time the Space Has Been Available in 47 Years
- Excellent Tenant Mix at King's Plaza Shopping Center
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 21,440 SF | Negotiable | $30.00 /SF/YR $2.50 /SF/MO $643,200 /YR $53,600 /MO | Triple Net (NNN) |
1475 41st Ave - 1st Floor
Rare opportunity to lease a 21,440sf anchor space in King's Plaza Shopping Center directly adjacent to the flagship New Leaf Market currently under construction and CineLux Theatres. Space has been occupied by Rite Aid for decades and is a blank rectangular canvas for a new tenant. The space features high ceilings, good visibility, ample onsite parking, great existing foot traffic and an irreplaceable location in one of the premier shopping centers in the region. Please contact Benjamin Ow (831-247-1175) with any questions about the space.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Anchor Space
- High Ceilings
- Drop Ceilings
- After Hours HVAC Available
- Rare Capitola Anchor Space Leasing Opportunity
- Excellent location next to New Leaf and CineLux
- Strong Tenant Mix and Existing Foot Traffic
- Great Visibility and Monument Signage on 41st Ave
- Ample Onsite Parking
- Prime location on Best Intersection in the Region
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT Kings Plaza Shopping Center
- CineLux Theatres
- IHOP
- Lucky Supermarkets
- Orange Theory Fitness
- O'Reilly Automotive Stores, Inc.
- Rite Aid
PROPERTY FACTS FOR 1475 41st Ave , Capitola, CA 95010
| Center Type | Community Center | Frontage | |
| Parking | 330 Spaces | Gross Leasable Area | 139,132 SF |
| Stores | 23 | Total Land Area | 46.57 AC |
| Center Properties | 5 | Year Built | 1955 |
| Center Type | Community Center |
| Parking | 330 Spaces |
| Stores | 23 |
| Center Properties | 5 |
| Frontage | |
| Gross Leasable Area | 139,132 SF |
| Total Land Area | 46.57 AC |
| Year Built | 1955 |
About the Property
King's Plaza Shopping Center has an excellent tenant mix of national, regional, and local tenants (New Leaf Market, CineLux Theatres, Outdoor Supply and Hardware, IHOP, H&R Block, O'Reilly Auto, Erik's Delicafe, Baskin Robbins, See's Candies, etc.)who boast exceptionally high sales volumes and benefit from the excellent visibility along 41st Avenue and high customer traffic. King's Plaza is located on the #1 intersection in the region within the Capitola submarket which is well positioned in the middle of Santa Cruz County. The trade area features extremely strong demographics and extremely high barriers to entry. King's Plaza Shopping Center is usually 100% leased and this is an exceptionally rare opportunity to lease the prime anchor space within the center and market.
- Pylon Sign
- Signalized Intersection
Nearby Major Retailers
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Kings Plaza Shopping Center | 1475 41st Ave
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