Total Wine & Planet Fitness | 2705 Santa Rosa Ave
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Total Wine & Planet Fitness 2705 Santa Rosa Ave
37,905 SF 100% Leased Retail Building Santa Rosa, CA 95407 $20,460,497 CAD ($540 CAD/SF) 6.75% Cap Rate
Investment Highlights
- Brand NNN Leases | Scheduled Rental Increases |Well-Known & Established Tenants | Options to Extend | Newly-Remodeled Building
- Dense Retail Corridor | Strong National/Credit Tenant Presence
- Signalized, Hard-Corner Intersection (44,900 VPD) | U.S. Highway 101 (157,300 VPD) | Excellent Visibility and Access
- Direct Consumer Base | Strong Demographics in 5-Mile Trade Area
Executive Summary
SRS Investment Properties Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a newly-remodeled, 2-tenant, 100% occupied, NNN leased Planet Fitness & Total Wine investment opportunity located in Santa Rosa, California. Planet Fitness & Total Wine both recently signed brand new leases with approximately 10 years of firm term remaining, demonstrating their commitment to the site. Additionally, both leases feature rental increases throughout initial term and option periods, growing NOI and hedging against inflation. Both tenants operate under NNN leases, limiting expense leakage for a future investor. Planet Fitness is one of the largest and fastest-growing franchisors and operators of fitness centers in the United States with over 2,250 locations. Total Wine the country’s largest independent retailer of fine wine, operating 263 superstores across 28 states.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
37,905 SF
Building Class
C
Year Built
2023
Price
$20,460,497 CAD
Price Per SF
$540 CAD
Cap Rate
6.75%
NOI
$1,381,126 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.27
Lot Size
3.24 AC
Zoning
Commercial
Parking
210 Spaces (5.54 Spaces per 1,000 SF Leased)
Frontage
854 ft on Santa Rosa Ave
Amenities
- Corner Lot
- Dedicated Turn Lane
- Freeway Visibility
- Signage
- Signalized Intersection
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 043-102-017 | Improvements Assessment | $5,182,586 CAD |
| Land Assessment | $4,146,069 CAD | Total Assessment | $9,328,655 CAD |
PROPERTY TAXES
Parcel Number
043-102-017
Land Assessment
$4,146,069 CAD
Improvements Assessment
$5,182,586 CAD
Total Assessment
$9,328,655 CAD
Contacts
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Patrick Luther -
Matthew Mousavi -
Jeff Gates -
Scott Landgraf -
SRS National Net Lease
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Total Wine & Planet Fitness | 2705 Santa Rosa Ave
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