Single Tenant NNN Investment Opportunity in an Irreplaceable Landmark Building on State Street in Downtown Santa Barbara
Symbolizing the ultimate in casual California lifestyle, Santa Barbara is undoubtedly one of America’s most desirable destinations to live and travel. Located on a pristine coastline approximately 337 miles south of San Francisco and 93 miles north of Los Angeles, Santa Barbara is nestled between the Pacific Ocean and the Santa Ynez Mountains on a stretch of coast known as the “American Riviera” because of its favorable Mediterranean climate. With a population of approximately 92,034, Santa Barbara is both small and vibrant. Locals and visitors alike are drawn to the city’s charming downtown and picturesque State Street with its rich Spanish architecture and historical sites, and wide variety of shops and galleries, numerous Zagat-rated restaurants, thriving open-air shopping centers like the famed Paseo Nuevo, pristine, sunny beaches and harbor, and countless other outdoor attractions including the Santa Barbara Zoo, Santa Barbara Mission, Stearns Wharf and Santa Barbara Museum of Natural History, to name just a few. Plus, with nearly 100 wineries within a short drive, Santa Barbara County is a world-renowned wine region.
• Tenant: Marshalls of California, LLC
• Lease Expiration: 11/17/2027
• Lease Type: Absolute NNN (Fee Simple)
• Building Area: Approx. 38,015 SF (Three Stories)
• Land Area: Approx. 21,780 SF (0.50 Acres)
• Ownership: Fee Simple (Land & Building)