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3761 State St
Santa Barbara, CA 93105
Whole Foods | Trophy Single-Tenant NNN · Retail Property For Sale
Investment Highlights
- Corporate Guaranteed Lease (S&P: AA-) | 11 Years Remaining | Scheduled Rental Increases | $41.7M+ in Annual 2022 Sales
- Located Along State St. | U.S. Highway 101 (136,000 VPD) | Excellent Visibility & Access
- Dense Retail Corridor | Hope Ranch Community | Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes
- NNN | Fee Simple Ownership | Minimal Landlord Responsibilities | Seller Financing Available | Eligible for Bonus Depreciation
- The Neighborhood at State & Hope Planned Development | Irreplaceable Coastal Single-Tenant Offering | High Barrier to Entry Market
- 2022 Major Renovation | 15+ Year Occupying History | Spanish Colonial Revival Architecture
Property Facts
Property Type
Retail
Property Subtype
Building Size
29,884 SF
Building Class
B
Year Built/Renovated
1970/2022
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
2.99 AC
Zoning
Commercial Restricted - Commercial Restricted - C-R (C-1, C-L, C-P)
Parking
178 Spaces (5.96 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signalized Intersection
Property Taxes
| Parcel Number | 051-040-053 | Improvements Assessment | $11,472,389 |
| Land Assessment | $10,317,608 | Total Assessment | $21,789,997 |
Property Taxes
Parcel Number
051-040-053
Land Assessment
$10,317,608
Improvements Assessment
$11,472,389
Total Assessment
$21,789,997
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