Lee & Associates is pleased to offer the opportunity to acquire the fee simple interest (land & building) in a leased investment property in Downtown Pismo Beach. The property includes a single-tenant freestanding building that is currently leased to a longtime convenience store tenant and secured by an individual. The lease generates $30,000 per year and runs through the end of March 2025. This prime location is at the hard corner of Price Street and Wadsworth Avenue with newer developed retail and residential across the street. The property also has potential for future development. Pismo Beach is a tourist destination with nearly 2.4 million visitors spending $278 million each year.
Listing courtesy of Martin Indvik from Lee and Associates
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