| CREOP

Originally constructed as County Bank of Santa Cruz in 1960, this property underwent a dramatic redevelopment in 2018. The concrete block, Mid-Century construction with 8ft overhangs, flat roof and abundant parking is a one of a kind on the Mission Street corridor. Upgrades to all of the electric, plumbing and mechanical systems were completed with the intent of holding on to the Mid Century vibe of the building. The result of the reconstruction is a state of the art “like new” Mid-Century building for Starbucks, Blaze Pizza and Bank of America ATM located on a primary corner with outstanding visibility and access. This is truly a one of a kind, pride of ownership building located in a supply constrained market. The building components were substantially upgraded to meet the demands of both Starbucks and Blaze Pizza. The tenants showed their commitment to the site by signing Ten year NNN leases both with increases in Year 6 and each option period. The Blaze lease includes percentage rent clause of 6% of sales over an unnatural break point. Located just a few short blocks from world renowned surf spots and within the main service corridor for nearly 20,000 UC Santa Cruz students. Mission Street (State Highway 1) has recently evolved into one of the most dynamic dining/shopping environments in Santa Cruz County.