6865 Hollister Ave Goleta, CA 93117
Premier single-tenant Target property in Goleta, Santa Barbara County.
Source:
Nmrk
Listing Agency: Newmark Listing Agent: Bill Bauman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Goleta Target NNN-Leased Property
This is a rare investment opportunity to acquire a fee simple interest in a single-tenant, NNN-leased Target property in Goleta, Santa Barbara County. The retail asset features a newly constructed, full-size Target store totaling approximately 116,612 square feet, positioned on a 7.64-acre site. The property is secured by a 20-year lease with Target Corporation. The lease commenced just over five years ago and provides for 10% rental escalations every five years, as well as four additional ten-year renewal options. Target selected this location in 2018. Goleta is a market bolstered by demographics and a thriving economy. The city is home to the University of California, Santa Barbara, with an enrollment of 26,325 students. The property serves a trade area, encompassing the communities of Santa Barbara, Carpinteria, Montecito, Solvang, Santa Ynez, and Goleta itself, together boasting a population exceeding 153,000 residents and an average annual household income of $131,000. Goleta’s retail market generated over $1.05 billion in sales, highlighting the area’s retail vitality.
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar Places Nearby
Target Grocery, Albertsons, Indo China Market Goleta
Location Insight
- Map
- Local Demand
- City
- Goleta
- County
- Santa Barbara
- State
- California
- Longitude
- -119.967
- Latitude
- 34.4816
Nearby Similar for Sale
FAQs
What type of property is this?
Grocery and convenience store - Premier single-tenant Target property in Goleta, Santa Barbara County.
Where is this grocery and convenience store located?
The property is located at 6865 Hollister Ave Goleta, CA.
What are key features of this property?
This property features: - Long-term (20-year) NNN lease with Target Corporation, providing stable and passive income.; - Located in Goleta, a highly desirable coastal community within Santa Barbara County.; - **Newly constructed, full-size Target store (approximately 116,612 square feet) on a 7.64-acre site.**
