For Sale
$4,477,000

4675 Redwood DrSanta Rosa, CA 95407

Five-tenant retail center, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fully leased, five-tenant retail shopping center totaling 14,550 square feet, situated on a 1.14-acre lot in Santa Rosa, California. The property, built in 1993, boasts a strong tenant lineup including Dollar Tree, Sally Beauty, and GameStop, ensuring consistent cash flow. With a 100% occupancy rate and a Net Operating Income (NOI) of $291,037, this property offers a compelling 6.50% cap rate at an asking price of $4,477,000 ($307.70 per square foot). Strategically located as an outparcel to a Walmart Plaza, the center benefits from over 1.9 million annual visitors. The property enjoys high visibility along Highway 101 (123,700 AADT) and benefits from robust demographics, including a daytime population of 124,213 within a 5-mile radius and an average household income of $124,543 within 1 mile. Its prime location near other major retailers, restaurants, and entertainment venues further enhances its appeal and ensures consistent traffic. The property's proximity to Sonoma State University, Rancho Cotate High School, and Sutter Santa Rosa Regional Hospital, along with its convenient access to Highway 101 and the Charles M. Schultz – Sonoma County Airport, contributes to its strong market position. This is a rare opportunity to acquire a well-performing, multi-tenant retail property in a thriving California market.

Highlights

  • $4,477,000 asking price for a 14,550 square foot shopping center in Santa Rosa, CA.
  • 100% occupied, five-tenant net-leased property anchored by Dollar Tree, Sally Beauty, and GameStop.
  • 6.50% cap rate with a $291,037 net operating income (NOI).
  • Located in a high-traffic area, outparceled to a Walmart with over 1.9 million annual visitors.
  • Excellent visibility along Highway 101, with strong demographics and high average household income in the surrounding area.

Property Details for 4675 Redwood Dr

Property type
Lifestyle centers, Power centers
Square Feet
14,550 SF
Year Built
1993
Buildings
1
Stories
1
Lot Size (sq. ft)
49,658 SF
Units
5

Location Insight

City
Santa Rosa
County
Sonoma
State
California
Latitude
38.3664206
Longitude
-122.7153213
4675 Redwood Dr, Santa Rosa, California

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4675 Redwood Dr
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