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Engel & Völkers Americas

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A prime downtown retail investment in Templeton Ca. This is a rare opportunity in a growing medical, wine, and higher education community. New hotels are arriving, with expansions to local colleges, and potential developments like the Paso Spaceport, that is in partnership with Cal Poly. This property comes fully leased with multiple long term leases and tenants that are drivers in the community. Numerous tenant and landlord renovations have taken place over the past two years. Painting, roofing, new black top, two new murals, in addition to three tenant renovations. Occupancy is at 100%. 30 parking spaces. 2023 new renovations.Occupancy is at 100%.  Level street lot of over 40,000 sq ft. Near Public Transit, Sprinklers, value is in the land. Al Utilities are connected.30 Parking spaces on site.New roof 2022, new paint 2023, Multiple 5-10 year triple net leases. 11 tenants. 100% occupied. Strong rental history even during Covid.1031 Exchange at no cost to buyer.

A prime downtown retail center has come available in Templeton California. This is a rare opportunity especially in a growing medical, wine and higher education community making this region a prime investment. New hotels are arriving in the surrounding areas alongside expansions to local colleges and potential developments like the Paso Robles Spaceport which is in partnership with Cal Poly. This property is boosting an estimated 6.3% capitalization rate at asking price and comes fully leased with multiple long-term leases and tenants that are drivers of the community. Numerous tenant and landlord renovations have taken place the past few years including a full repaint of the exterior in 2022, new roofing in 2022, new black top, and two murals on property in addition to two tenant paid remodels in 2022 and one this year.

Seize the opportunity to be a part of Templeton's dynamic landscape.Whether you're envisioning a wine-tasting escape or a stylish hair salon, this retail unit is the canvas for your retail dreams. The synergy of Templeton's medical and educational community awaits your unique business concept.

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