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495 Morro Bay, Morro Bay, CA 93442.
Listing Courtesy of:
Hart Commercial Real Estate
San Luis Obispo
This centrally located retail property in downtown Morro Bay has just undergone a $1.4 million renovation. The tenant will execute a brand new 10-year sale leaseback at the close of escrow with 4 (5-year) option periods to extend, resulting in a 6.0% initial cap rate. The lease will feature 10% rental increases in Year 6 and at the beginning of each option period.
May 10, 2021
Hwy 101 to Morro Bay Blvd
Listing Agent State License:
Listing Office State License:
Based on information from California Regional Multiple Listing Service, Inc. as of September 20th, 2021 at 02:45:08AM UTC.
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may or may not have been the Listing and/or Selling Agent.