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Walmart Plaza Shops 4641-4685 Redwood Dr

14,550 SF 100% Leased Retail Building Rohnert Park, CA 94928 $6,303,489 CAD ($433 CAD/SF) 6.54% Cap Rate

Investment Highlights

  • 100% Leased Multi-Tenant Retail Building Anchored by a Top-Performing Dollar Tree
  • Robust Demographics in Highly Desirable Rohnert Park - Part of the Santa Rosa-Petaluma MSA (Population 485,887)
  • 45 Miles North of San Francisco
  • Outparcel to Walmart Plaza with 1.9M Annual Visitors
  • High Visibility Along Highway 101 (123,700 AADT)

Executive Summary

The premises is a part of the Walmart Plaza Shopping Center with over 1.9 million visitors annually, on the north side of Rohnert Park, just 1/4 mile south of Santa Rosa. It sits on the corner of Redwood Drive and Millbrae Avenue (16,240 AADT) just off Highway 101 (123,700 AADT). The site benefits from robust demographics with a total daytime population of 124,213 within a 5-mile radius and average household income of $124,543 within 1 mile of the site.
The property benefits from a prominent retail location with excellent access and visibility off Highway 101 in close proximity to major retailers Walmart, Sally Beauty Supply, The Home Depot Garden Center and Home Improvement Store, GameStop, Dollar Tree, and Sportsman’s Warehouse. Neighboring restaurants include Arby’s, Burger King, Chili’s Grill & Bar, Taco Bell, In-N-Out Burger, Bear Republic Brewing Co., Chick-fil-A, Krispy Kreme, and Vinoma Tapas Argentinas. Renowned Graton Resort and Casino, Scandia Family Fun Center, and Foxtail Golf Club are all close by and drive additional traffic to the area.
Rancho Cotate High School (Student Enrollment 1,475) is the main comprehensive high school for both Rohnert Park and Cotati, and the city’s largest employer Sonoma State University (Student Enrollment 9,300), part of the California State University system, are both under four miles southeast of the K1 Speed site. Sutter Santa Rosa Regional Hospital, 11 miles north, is an 84-bed acute care facility which provides surgical and maternal care, cardiovascular, ortho, diagnostic and lab services and is recognized as a primary stroke center.
The Charles M. Schultz – Sonoma County Airport, Santa Rosa, is 14 miles north of K1 Speed. The sixth fastest growing airport in the nation, the airport began construction in late 2020 of a $40 million terminal improvement and modernization project to handle an anticipated record 700,000 passengers this year alone. Project completion is expected in 2023. Sonoma County Airport Express buses also connect Rohnert Park with Oakland International Airport and San Francisco International Airport, each about 65 miles south.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
14,550 SF
Building Class
B
Year Built
1993
Price
$6,303,489 CAD
Price Per SF
$433 CAD
Cap Rate
6.54%
NOI
$412,536 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
1.14 AC
Zoning
CRPD
Parking
86 Spaces (5.91 Spaces per 1,000 SF Leased)
Frontage
192 ft on Redwood Drive

Amenities

  • Dedicated Turn Lane
  • Freeway Visibility
  • Signalized Intersection

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Barbershop
  • -
  • 99,999 SF
  • -
  • -
  • Dollar Tree
  • -
  • 99,999 SF
  • -
  • -
  • GameStop
  • -
  • 99,999 SF
  • -
  • -
  • Good Looks Spa
  • -
  • 99,999 SF
  • -
  • -
  • Sally Beauty
  • -
  • 99,999 SF
  • -
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease End
Barbershop - 99,999 SF - -
Dollar Tree - 99,999 SF - -
GameStop - 99,999 SF - -
Good Looks Spa - 99,999 SF - -
Sally Beauty - 99,999 SF - -

Nearby Major Retailers

Starbucks
Chili's Grill & Bar
Cattlemens Steakhouse
CrossFit
The Habit Burger Grill

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
045-055-022
Land Assessment
$454,066 CAD
Improvements Assessment
$1,516,294 CAD
Total Assessment
$1,970,359 CAD
  • Listing ID: 30684846

  • Date on Market: 2024-01-17

  • Last Updated:

  • Address: 4641-4685 Redwood Dr, Rohnert Park, CA 94928

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