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Adobe Plaza | Taco Bell Anchored

7305-7385 El Camino Real, Atascadero, CA

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Property Details

  • Price $8,300,000
  • Cap Rate 6.25%
  • Tenancy Multi-tenant
  • Property Type Retail
  • Property Subtype Strip Center
  • Building Size 38,599 SF
  • Year Built 1982

Investment Highlights

  • Taco Bell and A-Town Diner anchored strip center in with diverse mix of national and local tenants located on prime retail corridor 
  • 34,111 square foot multi-tenant building with two single tenant pads – 2,791 (A-Town Diner) and 2,244 (Taco Bell) square feet located on 3.65 acres of land 
  • Low in-place rents with considerable upside in converting tenants (76%) on gross leases to NNN as well as leasing up one vacant 2,244 square foot space 
  • Wide array of daily needs tenants attracting both local population as well as year-round tourists 
  • Ample parking – 220 spaces and excellent visibility with 900 feet of street frontage, pylon sign and dedicated turn lane
  • Atascadero is located in San Luis Obispo County, midway between Los Angeles and San Francisco in the heart of California’s central coast
  • Direct access to Highway 101 and within immediate proximity to Highways 41 and 46; 52,326 vehicles per day on heavily trafficked arterial 
  • Adjacent to Von’s anchored shopping center with Starbucks and across the street from Habit Burger & Grill 
  • Surrounded by world class coastal destinations – Pismo Beach and Morro Bay as well as Paso Robles Wine Country 
  • Strong demographics in immediate trade area; 25,469 population in 3-mile radius and $91,764 median household income in 3-mile radius 

Team