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3948 State St 6,935 SF Retail Building Santa Barbara, CA 93105 $2,495,000 ($359.77/SF) 5.73% Cap Rate
Executive Summary
of Highway 101 and CA State Route 154. NNN-leased to Bridgestone Tires, the parent company of Firestone Complete Autocare, the property features a reception area and ancillary offices as well as the main open-bay auto service portion. Zoning allows for a variety of commercial and residential possibilities. Custom-built for its first and only tenant in 1977.
Price: $2,495,000
Cap Rate: 5.73% on current rent;
6.4% if 2027 option exercised
Current NOI: $142,892.04
Building Size: 6,935 SF
Land Size: 17,424 SF (.4 acre)
APN: 057-233-032
Zoning: O-R/USS (R-O/S-D-3)
Current Lease: Expiration: 7/31/2027
Options: Two (2) five (5) yr with 12% fixed increases. Current tenant has occupied the building since it was built in 1977
Traffic Count: 18,100 CPD (source: esri)
To Show: Call listing agent
Property Facts
Amenities
- Pylon Sign
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Services
- 6,935 SF
- $20.60
- Triple Net
- Jul 2027
Since 1926, drivers have trusted Firestone Complete Auto Care to keep their vehicles running newer longer. And as America’s auto care needs have grown and changed, so have they. They’re a leading provider of maintenance, repairs and tires for a reason: because they believe in offering a complete auto care experience that perfectly meets customer needs. Their auto care advisors and service technicians take pride in understanding customers vehicle from bumper to bumper. Plus, they’ll always answer customers' questions and explain their work to customers so they feel comfortable from the moment they walk in until they’re back on the road. They promise to provide the best customer service and offer the right solutions, so they can feel confident in knowing they’re customers' complete auto care solution.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Services | 6,935 SF | $20.60 | Triple Net | Jul 2027 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 057-233-032 | Improvements Assessment | $918,000 |
| Land Assessment | $1,836,000 | Total Assessment | $2,754,000 |
Property Taxes
Presented by
3948 State St
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