Templeton Main Street Plaza 105 S Main St

Investment Highlights

Fully leased Fully repainted in 2022 Multiple tenant renovations in the past five years Roof replaced in 2022 Long leases, some leases going into the 2030's! Close to major employers like Twin Cities Hospitals

Executive Summary

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.

• Sale Type    Investment
• Sale Condition    1031 Exchange
• Property Type    Retail
• Property Subtype    Storefront Retail/Office Storefront Retail/Office General Retail Restaurant General Retail Storefront Storefront Retail/Office
• Building Size    13,000
• Building Class    C
• Year Built    1981
• Price    4,150,000
• Price Per SF    319
• Cap Rate    6.35
• NOI    263,700
• Percent Leased    100
• Tenancy    Multiple
• Building Height    1 Story
• Building FAR    0.28
• Land Acres    1.05 AC

• Corner Lot
• Pylon Sign
• Restaurant
• Signage
• Storage Space
• Air Conditioning
• Fiber Optic Internet