301 Mcdowell Blvd Petaluma, CA 94954-2308

Property Details for 301 Mcdowell Blvd

Year built

1980

Construction

WOOD

Lot size

0.61 lot acres

Property size

5,952 SF

Property type

Banks

APN

007-350-020-000

APU

7350020000

Description

This exceptional investment opportunity presents the chance to acquire a 99.2% occupied, 215,506 square foot retail center in Petaluma, California. Located at 301 S McDowell Blvd, this multi-tenant property sits on a 19.61-acre lot and boasts a diverse tenant mix including Wells Fargo Bank, Planet Fitness, Harbor Freight, Safeway, Staples, and Five Below. The property's prime location along the Highway 101 corridor ensures high visibility and significant traffic exposure, exceeding 100,000 vehicles daily. The Safeway, the top-performing grocer in the area, anchors the center and features a sandwich position lease with an 113% contractual rent increase projected by 2033, providing substantial long-term income growth. The property's strong tenant roster and high occupancy rate contribute to a stable and secure cash flow, with a weighted average lease term (WALT) exceeding 7 years. The center benefits from a highly affluent submarket with strong tenant demand and limited new construction, creating a high barrier to entry for competitors. Premium net lease pad buildings offer flexible exit strategies and potential for basis reduction. This best-in-class, grocery-anchored neighborhood center represents a compelling investment opportunity in a premier Bay Area location. The property's APN numbers are 007-280-085, 007-280-055, 007-280-084, 007-280-083, 007-280-081, 007-280-069, 007-280-046, 007-280-072, and 007-280-052. The property is situated in Sonoma County, CA, zip code 94954.

Location Insight

City

Petaluma

County

Sonoma

State

California

Longitude

-122.63

Latitude

38.2513

CBSA code

42220

CBSA name

SANTA ROSA-PETALUMA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments