4675 Redwood Dr Santa Rosa, CA 95407
- Lifestyle centers
- 14,550 SF
- 1.14 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 4675 Redwood Dr
- Year built
- 1993
- Lot size
- 1.14 lot acres
- Property size
- 14,550 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Santa Rosa
- County
- Sonoma
- State
- California
- Longitude
- -122.715
- Latitude
- 38.3664
