5301 Old Redwood HwyPetaluma, CA 94954

Property Details for 5301 Old Redwood Hwy

Year built

1996

Lot size

0.23 AC

Property size (Sq ft)

5,880 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

047-360-026-000

APU

47360026000

Description

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.

Location Insight

City

Petaluma

County

Sonoma

State

California

Latitude

38.276

Longitude

-122.67

CBSA code

42220

CBSA name

SANTA ROSA-PETALUMA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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