Santa Barbara Whole Foods is located in one of the most recognized and sought after coastal communities in California. The subject property is located along Upper State Street, the most accessible and traveled street in Santa Barbara. The property was acquired and redeveloped by Regency Centers specifically for Whole Foods who opened in 2009. Since opening, Whole Foods has undergone several remodels, and has experienced exceptional sales which are reported annually. Prior to opening, Whole Foods had been looking to locate in this sub-market for over a decade, but the scarcity of supply afforded them limited opportunities.
Sitting at 29,884 square feet on 1.9 acres of land, the property benefits from high traffic counts (30,800 VPD) and highly educated and affluent consumer base boasting average household incomes of over $119,745 in a 3-mile radius. This is the only Whole Foods in the region servicing the affluent communities of Santa Barbara, Montecito, Goleta, Santa Ynez, and Carpinteria. Whole Foods just recently extended their lease for a new 15-year term, retaining six (6), five (5) year options to extend with 10% rental increases at each option period.