Print this page

99 Cents Store - Santa Maria, CA

Located in the midst of picturesque Santa Barbara County, the site is located at the intersection of North Broadway and West Donovan Road in Santa Barbara County in the sleepy bedroom community of Santa Maria. It is approximately 120 miles northwest of Los Angeles. The city of Santa Maria is known for its wine industry and Santa Maria-style BBQ. Sunset Magazine called Santa Maria "The West's Best BBQ Town".

 

Agriculture plays an important role in the city's economy. It is home to an increasing number of vineyards, wineries and wine makers,and is conveniently located near both Santa Ynez and Foxen Canyon (Santa Barbara's wine country). Other crops surrounding Santa Maria include strawberries, wine grapes, celery, lettuce, peas, squash, cauliflower, spinach, and beans. The oil industry also has a presence in the region.

 

The Orcutt Oil Field was discovered in 1902 and by 1957 there were 1,775 oil wells in operation in the Santa Maria Valley, producing more than $640 million worth of oil. 

 

Other national retailers in the immediate area include a Chevron Station on the corner, and a Dollar Tree. On the opposite corner of the plaza is a popular local Mexican restaurant. A Country Kitchen is on the opposite corner, along with a Best Western Motel flanking the neighborhood. Just to the south of the site is the local bowling alley, Rancho Bowl. The area is predominantly residential with regional and national retail peppering the surrounding areas. There is also an RV park and an apartment complex located directly to the south of the site. The region continues to grow, having expanded in population by 28 percent since 2000.

Additional Info

  • Address: : 1627 North Broadway, Santa Maria, CA 93454
  • Price: : $3,441,350
  • Net Rentable Area: : 13,383
  • Lot Size (Acres): : .89
  • CAP Rate: : 5.50%
  • Price Per Sqft: : $257.14
  • NOI: : $189,274
  • Year Built: : 1970/2012
  • Status: : Available