105 S Main Street , #2

Description

A prime downtown retail center has come available in Templeton California. This is a rare opportunity especially in a growing medical, wine and higher education community making this region a prime investment. New hotels are arriving in the surrounding areas alongside expansions to local colleges and potential developments like the Paso Robles Spaceport which is in partnership with Cal Poly. This property is boosting an estimated 6.3% capitalization rate at asking price and comes fully leased with multiple long-term leases and tenants that are drivers of the community. Numerous tenant and landlord renovations have taken place the past few years including a full repaint of the exterior in 2022, new roofing in 2022, new black top, and two murals on property in addition to two tenant paid remodels in 2022 and one this year.