800 W Main street
SANTA MARIA, CA 93458
PRICE
$2,950,000
BUILDING SIZE
12,080 SF
LOT SIZE
50,964 SF
CAP RATE
PRICE/SF (BLDG)
PRICE/SF
(LAND)
14.24%
$244
$58
The Brandon Michaels Group of Marcus & Millichap, as Exclusive Advisor, is pleased to present 800 W Main Street, a 12,080 square foot Hyundai car dealership situated on a 1.17-acre city block of land (50,964 SF) bounded by Main Steet, Benwiley Avenue, S Railroad Avenue, and W Church Street in the Santa Maria submarket of Santa Barbara County, CA.
800 W Main Street is 100% occupied by Hyundai of Santa Maria, an authorized dealer of Hyundai vehicles serving Santa Maria and Santa Barbara and San Luis Obispo Counties.
Hyundai of Santa Maria is on a three (3) year NNN lease currently paying $35,000.00 per month ($420,000 annually) with 3% annual rent bumps. The tenant has two (2) five-year options to extend their lease.
The subject property benefits from outstanding visibility along W Main Street, a primary east-west corridor in Santa Maria with traffic counts exceeding 18,000 vehicles per day and positioned alongside complementary automotive uses.