Woodcreek Plaza is a 22,650-square-foot multi-tenant retail strip center situated on a 3.38-acre commercial parcel in Roseville, California. The property is located at the
signalized intersection of Foothills Boulevard and Pleasant Grove Boulevard, which experiences a traffic volume of approximately 70,500 vehicles per day.
Constructed in 2001, the building is currently 95% occupied, with 13 tenants leasing 19 suites (some tenants occupy multiple suites). There is one vacant suite available,
measuring 1,200 square feet. Additionally, the property generates rental income from a T-Mobile antenna and a Texgreen clothing bin.
Woodcreek Plaza has historically maintained a high occupancy rate, with several tenants having operated in the center for five years or more. The most recent lease, a
Beer & Wine Store, was signed in April 2024 at a rental rate of $1.87 per square foot (PSF) on a triple-net (NNN) basis. This tenant occupies two suites totaling 2,200
square feet. The highest-paying tenant, Sky Sushi, is currently leased at $2.15 PSF NNN, providing investors with confidence that current rental rates are at or below
market value. All tenants are on NNN leases with staggered lease expiration dates.
The center features a diverse and internet-resistant tenant mix, including restaurants (Beach Hut Deli, Sky Sushi, Senpais Cafe), personal services (The Rose Barber
Shop, Oasis Massage, Sacred Arrow Tattoo Studio, V Nail Salon & Spa), retail and professional services (Beer & Wine Store, Anthoney’s Tailoring, Porter’s Draft House,
Woodcreek Dentistry, Eye Level Learning Center).
Woodcreek Plaza consists of multiple parcels, though only a portion is included in this offering. The full development comprises nine parcels totaling 10 acres. Each
parcel is responsible for its pro-rata share of the common area expenses. The entire development is fully built out with a mix of office and retail buildings. The common
areas are well-maintained, featuring attractive landscaping, parking lot lighting, and a recently sealed and striped parking lot.