2705 Santa Rosa Ave - Freestanding FOR SALE


Santa Rosa, CA 95407
$14,376,000 USD
480-221-4221
2705 Santa Rosa Ave, Santa Rosa, CA for Sale
$14,376,000 USD
Freestanding - FOR SALE
1/7
null | 6.75% Cap Rate

2705 Santa Rosa Ave
Santa Rosa, CA 95407


HIGHLIGHTS

  • Brand NNN Leases | Scheduled Rental Increases |Well-Known & Established Tenants | Options to Extend | Newly-Remodeled Building
  • Signalized, Hard-Corner Intersection (44,900 VPD) | U.S. Highway 101 (157,300 VPD) | Excellent Visibility and Access
  • Dense Retail Corridor | Strong National/Credit Tenant Presence
  • Direct Consumer Base | Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS Investment Properties Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a newly-remodeled, 2-tenant, 100% occupied, NNN leased Planet Fitness & Total Wine investment opportunity located in Santa Rosa, California. Planet Fitness & Total Wine both recently signed brand new leases with approximately 10 years of firm term remaining, demonstrating their commitment to the site. Additionally, both leases feature rental increases throughout initial term and option periods, growing NOI and hedging against inflation. Both tenants operate under NNN leases, limiting expense leakage for a future investor. Planet Fitness is one of the largest and fastest-growing franchisors and operators of fitness centers in the United States with over 2,250 locations. Total Wine the country’s largest independent retailer of fine wine, operating 263 superstores across 28 states.

FOR SALE DETAILS

PRICE

$14,376,000 USD

PRICE/SF

$379 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Total Wine & Planet Fitness

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

210

LAND DETAILS

LAND ACRES

3.24 AC

LAND SF

141,134 SF

ZONING

Commercial

APN/PARCEL ID

043-102-017

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.