Hyundai 800 W Main St

The Brandon Michaels Group of Marcus & Millichap, as Exclusive Advisor, is pleased to present 800 W Main Street, a 12,080 square foot Hyundai car dealership situated on a 1.17-acre city block of land (50,964 SF) bounded by Main Steet, Benwiley Avenue, S Railroad Avenue, and W Church Street in the Santa Maria submarket of Santa Barbara County, CA.
800 W Main Street is 100% occupied by Hyundai of Santa Maria, an authorized dealer of Hyundai vehicles serving Santa Maria and Santa Barbara and San Luis Obispo Counties. Hyundai of Santa Maria is on a three (3) year NNN lease currently paying $35,000.00 per month ($420,000 annually) with 3% annual rent bumps. The tenant has two (2) five-year options to extend their lease.
Hyundai of Santa Maria is a full-service dealership offering a variety of both new and pre-owned vehicles to its patrons. The dealership can hold up to 150 cars on the lot and also leases the adjacent parking lot, one parcel east of the subject property, as additional parking for its vehicles. In 2023, the dealership sold 697 cars of which 287 cars were new and 410 were used. Patrons of the dealerships can make use of the dealership’s in-house financing for a convenient and seamless car buying experience as well as its on site servicing department for all ongoing servicing needs via the dealership’s eight (8) service bays. The average annual revenue for service and parts is approximately $2 million.
While Hyundai of Santa Maria has been under current ownership for less than one (1) year, both the dealership and operator have a track record of success. Hyundai has successfully operated at 800 W Main St in Santa Maria for more than twenty (20) years while the current operator has a more than sixty (60) year track record owning more than 20-30 dealerships. The current operator of Hyundai of Santa Maria presently has four (4) dealerships in Santa Maria with a vested interest and tie to the community.
The subject property benefits from outstanding visibility along W Main Street, a primary east-west corridor in Santa Maria with traffic counts exceeding 18,000 vehicles per day and positioned alongside complementary automotive uses. The property enjoys approximately 180 feet of frontage along W Main Street. 800 W Main Street is just 0.8 miles west of the Santa Maria Town Center, a more than 550,000 square foot regional shopping mall with major tenants like Macy’s, Crunch Fitness, Sky Zone, and Regal Edwards Cinema.