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539 W Tefft Street
Nipomo, CA 93444

Price: $2,975,000 Zoning: CR
Bldg SF: 10,190 SF Price/SF: $292
Land SF: 24,394 SF Occupancy: 100%
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685


Matthew Luchs
(818) 212-2727
matthew.luchs@marcusmillichap.com
License # 01948233

Price: $2,975,000
Bldg SF: 10,190 SF
Land SF: 24,394 SF
Price/SF: $292
Occupancy:  100%
Property Type: Retail
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685


Matthew Luchs
(818) 212-2727
matthew.luchs@marcusmillichap.com
License # 01948233

Investment Highlights

Fully Stabilized Multi-Tenant Strip Center

  • The property is located within the Nipomo Westside Shopping Center
  • The center is shadow anchored by Starbucks, Taco Bell, Wells Fargo Bank, and Miners Ace Hardware
  • The subject property is 10,190 square feet of building demised into six suites on 24,395 square feet of land
  • Benefits from reciprocal parking with adjacent property, Village of Nipomo Shopping Center, which features 119 parking spaces

 

Strong Retail Location off of the 101 Freeway

  • 539 West Tefft Street is ideally located just off of the 101 freeway, which sees daily traffic counts of 617,000 vehicles per day
  • The subject property is located along a retail corridor, and is surrounded by national tenants such as Vons, Carl’s Jr, CVS, Subway, Domino’s Pizza, and McDonald
  • The subject property is located one mile from the Nipomo Swap Meet & Flea Market, which features over 300 vendors
  • The subject property is also located one mile from Nipomo Regional Park, a popular destination which attracts 27,000 visitors per month during the summer

 

Affluent Underlying Demographics

  • Average household income within one mile of the property is $107,992, $107,555 within three miles, and $104,046 within five miles of the property
  • There are 2,713 households located within one mile of the property, 5,621 households located within three miles of the property, and 11,051 households located within five miles of the property
  • There are 8,601 people located within one mile of the property, 17,126 people located within three miles of the property, and 35,665 people located within five miles of the property