920 Soquel AveSanta Cruz, CA 95062

This exceptional investment opportunity presents a fully leased 1,554 square foot storefront located at 920 Soquel Avenue in Santa Cruz, California (APN: 010-071-51). The property, situated in a prime Midtown location across from Whole Foods Market, boasts excellent visibility and is currently occupied by a high-end salon under a Net Lease (NNN) agreement. The single-tenant building, constructed in 2019 and renovated the same year, sits on a 1,568 square foot lot and is zoned CC. The current lease, with a remaining term of one year, includes annual rent increases and a five-year option to extend, ensuring consistent income. The property offers a strong 5.65% cap rate based on a Net Operating Income (NOI) of $36,730 and an asking price of $650,000 ($418.28 per square foot). The lease commenced on February 1, 2020, and the property maintains 100% occupancy. This is a rare opportunity to acquire a stable, high-performing retail investment in a desirable Santa Cruz location. The property features one story and one building.