Starbucks Anchored Net Lease Investment | 1505 Commercial Way
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Starbucks Anchored Net Lease Investment 1505 Commercial Way
4,160 SF 100% Leased Retail Building Santa Cruz, CA 95065 $4,610,000 ($1,108/SF) 4.75% Cap Rate
Investment Highlights
- Rare Santa Cruz County Net Leased Opportunity with High Barriers to Entry
- 10-year Firm Terms with Increases for Both Tenants
- High Visibility Highway 1 Offramp Location
- Directly Across from Regional Hospital with over 1,500 Employees and 96,000 Patients Served Last Year
Executive Summary
Rare Santa Cruz County Net Leased Opportunity with High Barriers to Entry. High Visibility Highway 1 Offramp Location. 10-year Firm Terms with Increases for Both Tenants. Directly Across from Regional Hospital with over 1,500 Employees and 96,000 Patients Served Last Year.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,160 SF
Year Built
2024
Price
$4,610,000
Price Per SF
$1,108
Cap Rate
4.75%
NOI
$218,975
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
0.62 AC
Zoning
C-2
Parking
49 Spaces (11.78 Spaces per 1,000 SF Leased)
Amenities
- Freeway Visibility
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Starbucks
- Accommodation and Food Services
- 1,800 SF
- -
- Triple Net
- -
- Tortilla Shack
- Accommodation and Food Services
- 2,360 SF
- -
- Triple Net
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Starbucks | Accommodation and Food Services | 1,800 SF | - | Triple Net | - | |
| Tortilla Shack | Accommodation and Food Services | 2,360 SF | - | Triple Net | - |
Bike Score ®
Biker's Paradise (97)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 025-071-20-000 | Improvements Assessment | $133,862 |
| Land Assessment | $613,535 | Total Assessment | $747,397 |
PROPERTY TAXES
Parcel Number
025-071-20-000
Land Assessment
$613,535
Improvements Assessment
$133,862
Total Assessment
$747,397
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Starbucks Anchored Net Lease Investment | 1505 Commercial Way
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