5301 Old Redwood Hwy Petaluma, CA 94954-1166

Property Details for 5301 Old Redwood Hwy

Year built

1996

Lot size

0.23 lot acres

Property size

5,880 SF

Property type

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.