Address: 1213 S Blosser Rd, Santa Maria (Santa Barbara County), CA
Lot: 1.00 acre
Building: 12,133 square feet
Walseth Investment Company is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a 1.00 acre parcel with a 12,133 square foot retail location leased to Caliber Collision.
This 43,500+ square foot (1.00 acre) property with over 12,000 square feet of well-maintained building space is leased to Caliber Collision on a NNN basis. A NNN lease has minimal landlord responsibilities, and is an ideal investment for the passive or out-of-state investor. Caliber Collision is the nation’s #1 automobile collision repair company with over $4B in annual revenue (2022). This tenant has demonstrated their commitment to this site by exercising their option to extend the lease for another 5 years (extension starts June 1, 2023).
Market rent for this property is approximately 180% higher than what Caliber Collision currently pays, providing a strong opportunity for investment growth at lease expiration (all options expire on May 31, 2033). Caliber Collision currently pays $6.40 per square foot per year, and market rate is approximately $10-12 per square foot per year.
This site is less than 1 mile from the Santa Maria Fairpark, which hosts the Santa Barbara County Fair (150,000 visitors/year) and the Strawberry Festival (60,000 visitors/year). Nearby retailers include Walmart Neighborhood Center, 7-Eleven, ARCO, United Rentals, and more.
The property in only two (2) miles from a major highway (Highway 101, 66,000 VPD), and sits at the intersection of S Blosser Rd and W Stow-ell Rd S. This intersection has an average daily traffic volume of 19,179 cars/day (2022). The property is less than 11 miles from the ocean and is in Santa Barbara County, which has a population of 447,562 and an average yearly household income of $121,372. The 3-mile trade area is supported by a population of 96,266 residents, 38,918 employees, and has an average annual household income of $76,794.
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President & Founder, Walseth Investment Company
949.400.4261
CA LIC N° 01405081
Copyright © 2023 Walseth Investment Company - All Rights Reserved.
120 Newport Center Drive, Newport Beach, CA 92660
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