148 N Ocean Ave
Cayucos, CA 93430
84 Yr. NNN Lease- RARE Price · Retail Property For Sale
Investment Highlights
- Single Tenant Absolute NNN Lease - Zero Landlord Responsibilities
- Inflation Hedge - Annual CPI Increases
- Offered at $395,000 - Very Attractive Price Point
- Rare 100 Year Ground Lease - 84 Years Remaining
- Replaceable Rent - $5.64 PSF - Low Downside Risk
- Located Next to the Cayucos Pier - Steps from the Pacific Ocean- Trophy Coatal Location
Property Facts
About 148 N OCEAN AVE , CAYUCOS, CA 93430
We are pleased to offer to qualified investors an opportunity to purchase a single tenant absolute NNN investment leased to Highway One Realty on a very rare 100 year ground lease with 84 years remaining. Highway One Realty provides property management, leasing, and residential housing sales services for the surrounding community. Located steps away from the Pacific Ocean in Cayucos, CA this investment offers long term stable cash flow with attractive annual CPI increases providing an inflation hedge throughout the term of the investment. Offered at $395,000, this is an excellent opportunity to purchase an absolute NNN investment property at a very attractive price point, with replaceable rent ($5.64 PSF), zero landlord responsibilities, located just 150 ft from the Pacific Ocean (low downside risk). Cayucos, CA is a resort beach town located in San Luis Obispo County, CA just North of Morro Bay and South of Cambria. This desirable vacation community provides an escape from major markets such as Los Angeles and San Jose; offering many lodging and entertainment options including hiking, surfing, fishing, eateries, wine tasting, and more.
Property Taxes
| Parcel Number | 064-113-028 | Improvements Assessment | $177,715 |
| Land Assessment | $462,073 | Total Assessment | $639,788 |
Property Taxes
