Mendocino Crossroads: Santa Rosa, CA
RARE INFILL NORTHERN CALIFORNIA RETAIL INVESTMENT OPPORTUNITY
The subject property represents a rare investment opportunity to acquire a fully-occupied retail center in an affluent suburb of the Northern SF Bay Area.
100% OCCUPIED MULTI-TENANT RETAIL CENTER
The subject property is a 100% occupied retail center comprised of three suites totaling approximately 6,105 rentable square-feet.
EXCELLENT RETAIL SYNERGY | CORPORATE & REGIONAL TENANT ROSTER
The three tenants, Peet’s Coffee, Quick Sushi and First Tech Federal Credit Union, are a complimentary mix of businesses serving the local market.
TRIPLE NET LEASES WITH STRONG RENT ESCALATIONS
Each lease provides favorable rent escalations during the primary term and option periods, with tenants paying their pro-rata share of common area maintenance, taxes and insurance(1).
IRREPLACEABLE 4-WAY SIGNALIZED CORNER ALONG MAIN THOROUGHFARE
The property is centrally located in Santa Rosa with excellent visibility and access along Mendocino Avenue and Chanate Road. It is situated just north of the Mendocino Marketplace (88,374 SF), a regional grocery-anchored shopping center anchored by Safeway. National retailers in the immediate trade area include Starbucks, Five Guys, Staples, TJ Maxx, O’Reilly Auto Parts and Big Lots. The property is also less than five miles from Santa Rosa Junior College with over 14,000 sudents enrolled annually.
AFFLUENT SUBURB WITH EXCELLENT DEMOGRAPHICS
There are exceptionally high average household incomes of $190,106 with over 200,000 residents within a 5-mile radius of the subject property.
(1) Lease information has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. Individuals are strongly advised to take appropriate measures to verify all of the information set forth herein. Buyer must conduct their own Due Diligence.
