Bodega Bay NNN Retail Center | 1400 State Highway 1
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Bodega Bay NNN Retail Center 1400 State Highway 1
9,078 SF 91% Leased Retail Building Bodega Bay, CA 94923 £3,129,283 (£345/SF) 4.87% Net Initial Yield
Investment Highlights
- Six Unit NNN Retail Shopping Center
- 100% Leased to Stable Tenants with Strong Rental Upside
- Low Maintenance Property Built in 1986 with Remodeled Units, Upgraded Electrical, Plumbing, Newer Roof, and Double-Pane Windows and More
- Excellent Bodega Bay Location Close To Hotels, Restaurants, the Harbor, and Popular Beaches
- Attractive Tenant Base Consisting of a Grocery Store, Restaurant, Veterinarian Hospital, Surf Shop, and Coldwell Banker Real Estate Office
- Tenants Pay For Interior and Exterior Maintenance, Property Taxes and Common Area Maintenance
Executive Summary
NNN six-unit retail center in the heart of Bodega Bay near a variety of restaurants, hotels, the harbor, and popular
beaches. The property was originally built in 1986, offers approximately 9,402 square feet of rental space, and sits on a
large 36,154 square foot lot with room for over 50 parking spaces or possible future expansion. The property offers an
attractive unit mix of a grocery store, veterinarian hospital, a restaurant, a surf shop, and a Coldwell Banker Real Estate
office. The current tenants pay for all interior and exterior maintenance and are responsible for a percentage of
property tax, insurance, and common area maintenance making this a rare low maintenance investment. The
property is in great condition with remodeled units, upgraded electrical and plumbing, new double pane
windows, mature landscaping and more. Truly a once in a lifetime opportunity to own one of the best locations in
Bodega Bay walking distance to multiple restaurants, hotels, popular public beaches, and surrounding by million dollar homes.
****EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE
beaches. The property was originally built in 1986, offers approximately 9,402 square feet of rental space, and sits on a
large 36,154 square foot lot with room for over 50 parking spaces or possible future expansion. The property offers an
attractive unit mix of a grocery store, veterinarian hospital, a restaurant, a surf shop, and a Coldwell Banker Real Estate
office. The current tenants pay for all interior and exterior maintenance and are responsible for a percentage of
property tax, insurance, and common area maintenance making this a rare low maintenance investment. The
property is in great condition with remodeled units, upgraded electrical and plumbing, new double pane
windows, mature landscaping and more. Truly a once in a lifetime opportunity to own one of the best locations in
Bodega Bay walking distance to multiple restaurants, hotels, popular public beaches, and surrounding by million dollar homes.
****EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,078 SF
Building Class
C
Year Built
1993
Price
£3,129,283
Price Per SF
£345
Net Initial Yield
4.87%
NOI
£152,456
Percent Leased
91%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.25
Lot Size
0.84 AC
Zoning
CZ, Sonoma - Conditional Zoning
Parking
50 Spaces (5.51 Spaces per 1,000 SF Leased)
Amenities
- Signalised Intersection
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1st Floor
- 848 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 848 SF | Retail | - | Now |
1st Floor
| Size |
| 848 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
PROPERTY TAXES
| Parcel Number | 100-080-067 | Improvements Assessment | £1,120,119 |
| Land Assessment | £587,475 | Total Assessment | £1,707,594 |
PROPERTY TAXES
Parcel Number
100-080-067
Land Assessment
£587,475
Improvements Assessment
£1,120,119
Total Assessment
£1,707,594
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Bodega Bay NNN Retail Center | 1400 State Highway 1
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