For Lease
$0-$3 /SF/YR

313 Madonna RdSan Luis Obispo, CA 93405

High-traffic shopping center, spaces available

Overview

Added:
Dec 11, 2024
Days on market:
115
The SLO Promenade offers a prime retail opportunity in San Luis Obispo County. This thriving shopping center boasts 256,000 square feet of retail space situated on a 16.5-acre lot, strategically located next to Madonna Plaza and benefiting from over 71,000 cars passing daily on Highway 101. Currently, several prominent national retailers including Sprouts, REI, Nordstrom Rack, Hobby Lobby, and Boot Barn are open and thriving. Available spaces range from a minimum of 957 square feet to a maximum contiguous space of 14,186 square feet, with anchor spaces of 24,063 square feet also divisible. Smaller shops have rental rates ranging from $2.50 to $4.25 per square foot, triple net (NNN), while anchor spaces are available at $1.85 to $2.75 per square foot NNN, with estimated NNN expenses of $0.71 per square foot. The property is zoned C-R-PD (Retail Commercial) and offers excellent visibility and accessibility. This high-performing regional shopping center is located in a rapidly growing residential area, presenting a rare opportunity for businesses seeking high-traffic exposure and strong potential for success. The power supply is rated at 4/1,000. A total of 38,121 square feet is currently vacant.

Highlights

  • 256,000 square feet of retail space in a multi-tenant shopping center.
  • Available spaces range from 957 to 14,186 contiguous square feet, with 38,121 square feet currently vacant.
  • Strong anchor tenants include Sprouts, REI, Nordstrom Rack, Hobby Lobby, and Boot Barn.
  • Shop spaces rent from $2.50 to $4.25 per square foot, NNN; anchor spaces rent from $1.85 to $2.75 per square foot, NNN.
  • Estimated NNN expenses are $0.71 per square foot.
  • The 16.5-acre site is located next to Madonna Plaza, with over 71,000 cars passing daily on Highway 101.

Property Details for 313 Madonna Rd

Property type
Lifestyle centers, Power centers
RSF (Rentable sq. ft)
256,000 SF

Unit(s) available at that property

Space
Space 17
Size
1,398 SF
Rate per SF
$3
Space
Space 21
Size
2,800 SF
Rate per SF
$3
Space
Space 13
Size
2,901 SF
Rate per SF
$3
Space
Space 20
Size
7,143 SF
Rate per SF
$3
Space
Space 4
Size
35,786 SF
Space
Space 24
Size
1,876 SF
Rate per SF
$3
Space
Space 3
Size
957 SF
Rate per SF
$3
Space
Space 19
Size
7,373 SF
Rate per SF
$3

Location Insight

City
San Luis Obispo
County
San Luis Obispo
State
California
Latitude
35.266415580381
Longitude
-120.67294623208
313 Madonna Rd, San Luis Obispo, California

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
313 Madonna Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message