844 4th St Santa Rosa, CA 95404-4505

This exceptional investment opportunity presents a 5,500 square foot freestanding Verizon Wireless store located at 844 4th Street, Santa Rosa, CA 95404. The property, built in 1956 and renovated in 1997, sits on a 0.48-acre lot and is zoned CITYSR. Currently operating under a Net Lease (NN) agreement with a corporate guarantee from Verizon, the lease commenced August 1, 2024, and expires July 31, 2029, offering a remaining term of approximately 4.7 years. The lease includes two (3) year options with a 3% rent bump in each. The property boasts a 100% occupancy rate, generating a Net Operating Income (NOI) of $132,500, resulting in a 5.30% cap rate. The asking price is $2,500,000. This single-unit, single-story building offers high visibility and excellent accessibility, situated in a high-traffic area of Santa Rosa. The average population within a 3-mile radius exceeds 137,000, with an average household income surpassing $118,000. This investment is further supported by strong store visit metrics, ranking in the 91st percentile nationwide. Ample parking is available. This is a rare opportunity to acquire a high-performing retail asset in a desirable location.