4641-4685 Redwood Dr - Storefront FOR SALE


Rohnert Park, CA 94928
$4,158,000 USD
510-289-1166
4641-4685 Redwood Dr, Rohnert Park, CA for Sale
$4,158,000 USD
Storefront - FOR SALE
1/1
null | 7% Cap Rate

4641-4685 Redwood Dr
Rohnert Park, CA 94928


HIGHLIGHTS

  • 100% Leased Multi-Tenant Retail Building Anchored by a Top-Performing Dollar Tree
  • Outparcel to Walmart Plaza with 1.9M Annual Visitors
  • Robust Demographics in Highly Desirable Rohnert Park - Part of the Santa Rosa-Petaluma MSA (Population 485,887)
  • High Visibility Along Highway 101 (123,700 AADT)
  • 45 Miles North of San Francisco

OVERVIEW

The premises is a part of the Walmart Plaza Shopping Center with over 1.9 million visitors annually, on the north side of Rohnert Park, just 1/4 mile south of Santa Rosa. It sits on the corner of Redwood Drive and Millbrae Avenue (16,240 AADT) just off Highway 101 (123,700 AADT). The site benefits from robust demographics with a total daytime population of 124,213 within a 5-mile radius and average household income of $124,543 within 1 mile of the site. The property benefits from a prominent retail location with excellent access and visibility off Highway 101 in close proximity to major retailers Walmart, Sally Beauty Supply, The Home Depot Garden Center and Home Improvement Store, GameStop, Dollar Tree, and Sportsman’s Warehouse. Neighboring restaurants include Arby’s, Burger King, Chili’s Grill & Bar, Taco Bell, In-N-Out Burger, Bear Republic Brewing Co., Chick-fil-A, Krispy Kreme, and Vinoma Tapas Argentinas. Renowned Graton Resort and Casino, Scandia Family Fun Center, and Foxtail Golf Club are all close by and drive additional traffic to the area. Rancho Cotate High School (Student Enrollment 1,475) is the main comprehensive high school for both Rohnert Park and Cotati, and the city’s largest employer Sonoma State University (Student Enrollment 9,300), part of the California State University system, are both under four miles southeast of the K1 Speed site. Sutter Santa Rosa Regional Hospital, 11 miles north, is an 84-bed acute care facility which provides surgical and maternal care, cardiovascular, ortho, diagnostic and lab services and is recognized as a primary stroke center. The Charles M. Schultz – Sonoma County Airport, Santa Rosa, is 14 miles north of K1 Speed. The sixth fastest growing airport in the nation, the airport began construction in late 2020 of a $40 million terminal improvement and modernization project to handle an anticipated record 700,000 passengers this year alone. Project completion is expected in 2023. Sonoma County Airport Express buses also connect Rohnert Park with Oakland International Airport and San Francisco International Airport, each about 65 miles south.

FOR SALE DETAILS

PRICE

$4,158,000 USD

PRICE/SF

$286 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walmart Plaza Shops

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

86

LAND DETAILS

LAND ACRES

1.14 AC

LAND SF

49,658 SF

ZONING

CRPD

APN/PARCEL ID

045-055-022

ASK ABOUT THIS PROPERTY

Putnam DailyFisher James CapitalMore Info
510-289-1166

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Putnam DailyFisher James CapitalMore Info
510-289-1166

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