CA > Pismo Beach
Pismo Beach, CA 93449,200 Five Cities DR
Pismo Beach, CA 93449,200 Five Cities DR
Pismo Beach, CA 93449,200 Five Cities DR
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,600,000
Est. payment /mo
0.29 Acres Lot
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UPDATED:

11/13/2024 01:59 AM

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR24232392

HOA Y/N No

Year Built 1998

Lot Size 0.289 Acres

Property Description

200 Five Cities Drive., operating as Pismo Beach Shell Gas & Sams Food Market, is a two-story, single-tenant fuel station and convenience store located in the City of Pismo Beach, California. The building construction is of unknown framing with a pitched metal Loc-Panel roof and painted stucco exterior. Development was completed in 1998 and per city building permits, the structure consists of 2,786+/- square feet of improvements, situated on a 12,600+/- square foot lot, currently zoned C1 with permitted use as a retail gasoline station and convenience store.

The Fee-Simple Shell Gas Station features a convenience store, a water & air station, 6 on-site parking spaces, a picnic area, and four dual-sided fuel dispensers, providing a total of 8 gas pumps.

The current tenant, Valley Convenience Stores, Inc., is operating on the second option of an absolute NNN lease. The tenant is paying a fixed annual rental rate of $25.84 p/sf which calls for 0 increases through the remaining period of the lease which expires in 2037.

The subject property is situated off Five Cities Dr. on the South 101 Corridor. The property is centrally located on a highly trafficked street averaging a traffic count of 15,700 cars in 2017 and surrounded by both major retailers as well as large, planned communities.

The immediate vicinity, which includes Pismo Coast Premium Outlet, is a major retail draw for the area and includes well-known retailers such as Nike, Ralph Lauren, and Calvin Klein. In addition, the subject property is minutes from North Bach Campground and Pismo Beach Mobile Home Park, a 29-acre senior community with 233 home sites located on the Pacific Coast Highway.

Pismo Beach is a city in San Luis Obispo County, in the Central Coast area of California, and is within proximity to both Morrow Bay and Paso Robles. The estimated population was 8,327 in the 2017 census, up from 8,185 in 2016 Pismo Beach is part of the Five Cities Area, a cluster of cities in that area of San Luis Obispo County. The median household income in a 1-mile radius is $71,046.

Location

State CA

County San Luis Obispo

Area Psmo - Pismo Beach

Interior

Fireplace No

Laundry None

Exterior

Total Parking Spaces 6

Building

Story 2

Water Public

Others

Tax ID 005242002

Acceptable Financing Cash, Cash to New Loan, Conventional, Contract

Listing Terms Cash, Cash to New Loan, Conventional, Contract

Special Listing Condition Standard

Read Less Info
California Regional MLS (CRMLS)
Listed by Raymond Rodriguez • Equity Union • 818-581-5829

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