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Shopping Strip

Village at Nipomo

539 W Tefft St, Nipomo, CA 93444

Listing Price: $2,975,000

Cap Rate
6.17%
Gross SF
10,190
Rentable SF
10,190
Price/Gross SF
$291.95
Lot Size
0.56 acres
Year Built
2004

Investment Overview

The Offering A Fully Stabilized Multi-Tenant Strip Center Located in the Nipomo Westside Shopping Center, Shadow Anchored by Starbucks and Taco Bell, in the Affluent Submarket of Nipomo, CA Marcus & Millichap has been selected to exclusively represent for sale 539 West Tefft Street in Nipomo, California. The property is located within the Nipomo Westside Shopping Center, and is shadow anchored by Starbucks, Taco Bell, Wells Fargo Bank, and Miners Ace Hardware. The subject property is 10,190 square feet of building demised into five suites on 24,395 square feet of land. 539 West Tefft Street Benefits from reciprocal parking with the adjacent property, the Village of Nipomo Shopping Center, which features 119 parking spaces. 539 West Tefft Street is ideally located just off of the 101 freeway, which sees daily traffic counts of 64,050 vehicles per day. The subject property is located along a retail corridor, and is surrounded by national tenants such as Vons, Carl’s Jr, CVS, Subway, Domino’s Pizza, and McDonalds. 539 West Tefft Street is also direct neighbors with a new shopping center (under construction) at 170 Frontage Road that would include an 18,800 square foot Tractor Supply Co. store, a 18,000 square foot Grocery Outlet market, a 7,454 square foot O’Reilly Auto Parts Store, and a 2,756 square foot Wendy’s restaurant. 539 West Tefft Street is fully occupied by five tenants on a NNN basis. Four of the five tenants have at least one year of initial term remaining. The diverse tenant mix consists of a Donut Shop, a Sushi & Teriyaki Restaurant, Edward Jones, a Barre & Pilates Studio, and a Furniture Store. 539 West Tefft Street is an excellent opportunity to purchase a fully occupied strip center in the affluent submarket of Nipomo, California.

Investment Highlights

  • The property is located within the Nipomo Westside Shopping Center
  • The center is shadow anchored by Starbucks, Taco Bell, Wells Fargo Bank, and Miners Ace Hardware
  • The subject property is 10,190 square feet of building demised into five suites on 24,395 square feet of land
  • Benefits from reciprocal parking with adjacent property, Village of Nipomo Shopping Center, which features 119 parking spaces

Exclusively Listed By

Financing By

Shopping Strip

Village at Nipomo

Listing Price: $2,975,000

Cap Rate
6.17%
Gross SF
10,190
Rentable SF
10,190
Price/Gross SF
$291.95
Lot Size
0.56 acres
Year Built
2004

Investment Highlights

  • The property is located within the Nipomo Westside Shopping Center
  • The center is shadow anchored by Starbucks, Taco Bell, Wells Fargo Bank, and Miners Ace Hardware
  • The subject property is 10,190 square feet of building demised into five suites on 24,395 square feet of land
  • Benefits from reciprocal parking with adjacent property, Village of Nipomo Shopping Center, which features 119 parking spaces

Investment Overview

The Offering A Fully Stabilized Multi-Tenant Strip Center Located in the Nipomo Westside Shopping Center, Shadow Anchored by Starbucks and Taco Bell, in the Affluent Submarket of Nipomo, CA Marcus & Millichap has been selected to exclusively represent for sale 539 West Tefft Street in Nipomo, California. The property is located within the Nipomo Westside Shopping Center, and is shadow anchored by Starbucks, Taco Bell, Wells Fargo Bank, and Miners Ace Hardware. The subject property is 10,190 square feet of building demised into five suites on 24,395 square feet of land. 539 West Tefft Street Benefits from reciprocal parking with the adjacent property, the Village of Nipomo Shopping Center, which features 119 parking spaces. 539 West Tefft Street is ideally located just off of the 101 freeway, which sees daily traffic counts of 64,050 vehicles per day. The subject property is located along a retail corridor, and is surrounded by national tenants such as Vons, Carl’s Jr, CVS, Subway, Domino’s Pizza, and McDonalds. 539 West Tefft Street is also direct neighbors with a new shopping center (under construction) at 170 Frontage Road that would include an 18,800 square foot Tractor Supply Co. store, a 18,000 square foot Grocery Outlet market, a 7,454 square foot O’Reilly Auto Parts Store, and a 2,756 square foot Wendy’s restaurant. 539 West Tefft Street is fully occupied by five tenants on a NNN basis. Four of the five tenants have at least one year of initial term remaining. The diverse tenant mix consists of a Donut Shop, a Sushi & Teriyaki Restaurant, Edward Jones, a Barre & Pilates Studio, and a Furniture Store. 539 West Tefft Street is an excellent opportunity to purchase a fully occupied strip center in the affluent submarket of Nipomo, California.

Exclusively Listed By

Financing By

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