For Sale
$2,476,190

5301 Old Redwood HwyPetaluma, CA 94954

High-traffic, NNN leased restaurant

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 5,880 square foot Applebee's restaurant located at 5301 Old Redwood Hwy N, Petaluma, CA 94954. The property boasts a strong 5.25% cap rate and a substantial net operating income (NOI) of $130,000. The absolute NNN lease, with zero landlord responsibilities, ensures passive income for the investor. A recent five-year lease extension through December 31, 2029, demonstrates the tenant's long-term commitment. Strategically positioned off the CA-101 Freeway (approximately 112,000 cars daily), this property benefits from high visibility and accessibility. Situated within Redwood Business Park, it enjoys proximity to over 50 businesses within a three-mile radius. The location is further enhanced by its placement on a hard corner lot at a signalized intersection of Old Redwood Hwy and McDowell Blvd, providing excellent exposure. The surrounding area is highly affluent, with an average household income exceeding $167,961 within a three-mile radius. This turnkey investment offers a secure and profitable opportunity in a prime location. The property was built in 1996 and currently enjoys 100% occupancy. The asking price is $2,476,190, translating to $421.12 per square foot.

Highlights

  • Absolute NNN lease; zero landlord responsibilities.
  • Recent 5-year lease extension.
  • High-traffic location off CA-101 Freeway (approx. 112,000 cars daily), within Redwood Business Park (50+ businesses within 3 miles).
  • Highly affluent area; average household income within 3 miles is $167,961.
  • Hard corner lot at a signalized intersection of Old Redwood Hwy and McDowell Blvd.

Property Details for 5301 Old Redwood Hwy

Property type
Retail properties, Restaurants
Square Feet
5,880 SF
Year Built
1996

Location Insight

City
Petaluma
County
Sonoma
State
California
Latitude
38.2759796
Longitude
-122.6697294
5301 Old Redwood Hwy, Petaluma, California

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5301 Old Redwood Hwy
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