313 Madonna Rd Ste A San Luis Obispo, CA 93405-6554

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.