This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

Close
You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

917 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

We will automatically send your friend a one-time email inviting him or her to visit the site. LoopNet stores this information for the sole purpose of sending this one-time email and tracking the success of our referral program. View LoopNet's Privacy Policy

thank you

Your email has been sent!

Starbucks Anchored Net Lease Investment 1505 Commercial Way

4,160 SF 100% Leased Retail Building Santa Cruz, CA 95065 £3,607,095 (£867/SF) 4.75% Net Initial Yield

Investment Highlights

  • Rare Santa Cruz County Net Leased Opportunity with High Barriers to Entry
  • 10-year Firm Terms with Increases for Both Tenants
  • High Visibility Highway 1 Offramp Location
  • Directly Across from Regional Hospital with over 1,500 Employees and 96,000 Patients Served Last Year

Executive Summary

Rare Santa Cruz County Net Leased Opportunity with High Barriers to Entry. High Visibility Highway 1 Offramp Location. 10-year Firm Terms with Increases for Both Tenants. Directly Across from Regional Hospital with over 1,500 Employees and 96,000 Patients Served Last Year.

Attachments

Marketing Package Starbucks Tortilla Shack

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,160 SF
Year Built
2024
Price
£3,607,095
Price Per SF
£867
Net Initial Yield
4.75%
NOI
£171,337
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.15
Land Acres
0.62 AC
Zoning
C-2
Parking
49 Spaces (11.78 Spaces per 1,000 SF Leased)

Amenities

  • Freeway Visibility

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Starbucks
  • Accommodation and Food Services
  • 1,800 SF
  • -
  • NNN
  • -
  • Tortilla Shack
  • Accommodation and Food Services
  • 2,360 SF
  • -
  • NNN
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Starbucks Accommodation and Food Services 1,800 SF - NNN -
Tortilla Shack Accommodation and Food Services 2,360 SF - NNN -
1 of 1
Bike Score ®
Biker's Paradise (97)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

United Rentals
Erik's Deli Cafe
CrossFit
StorageMart
Trader Joe's
WW
Mechanics Bank
Olive Garden
Starbucks
Chili's Grill & Bar

PROPERTY TAXES

Parcel Number 025-071-20-000 Improvements Assessment £104,740
Land Assessment £480,060 Total Assessment £584,801

PROPERTY TAXES

Parcel Number
025-071-20-000
Land Assessment
£480,060
Improvements Assessment
£104,740
Total Assessment
£584,801
(831) 247-2647

  • Listing ID: 33251958

  • Date on Market: 20/09/2024

  • Last Updated:

  • Address: 1505 Commercial Way, Santa Cruz, CA 95065

The Retail Property at 1505 Commercial Way, Santa Cruz, CA 95065 is currently available For Sale. Contact Shoemaker Commercial Real Estate for more information.

Retail PROPERTIES IN NEARBY NEIGHBOURHOODS

Nearby Listings

1 of 6
VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP

1/6
1505 Commercial Way, Santa Cruz, CA for sale Primary Photo- Image 1 of 6
Starbucks
1505 Commercial Way, Santa Cruz, CA for sale Building Photo- Image 2 of 6
Tortilla Shack
1505 Commercial Way, Santa Cruz, CA for sale Building Photo- Image 3 of 6
Facades 1
1505 Commercial Way, Santa Cruz, CA for sale Building Photo- Image 4 of 6
IMG_2539
1505 Commercial Way, Santa Cruz, CA for sale Building Photo- Image 5 of 6
To Domican

1 of 1

Connect with us

© 2024 CoStar Group

Starbucks Anchored Net Lease Investment | 1505 Commercial Way
(831) 247-2647 x

Starbucks Anchored Net Lease Investment | 1505 Commercial Way

Chris Shoemaker

(831) 247-2647

(831) 247-2647

Already a member? Log In

First Name*

Last Name*

Please enter an email address.

Email*

Phone*

Ext (optional)

Company (optional)

Please leave a message.

Message*

{{messageTextLength}} out of 600

New to LoopNet? No problem. We'll automatically create a free account for you. By clicking the button, you agree to LoopNet's Terms of Use and Privacy Policy.

Hmm, there seems to have been an error sending your message. Please try again.

Thanks! Your message was sent.

Send another message

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}
You can provide feedback any time using the Help button at the top of the page.

Share Link