Listed by Marcus & Millichap - Nashville
$16,000,000
Rohnert Park Retail & Entertainment Center
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 142,767
Units 6
Cap Rate 6.33%
NOI $1,012,657
Occupancy 92%
Tenancy Multi
Lease Type Modified
Pro-Forma Cap Rate 7.46%
Pro-Forma NOI $1,193,866
Price per SqFt $112
Broker Co-Op Yes
Year Built 1985
Year Renovated 2025
Buildings 2
Stories 1
Acreage 13.000
Zoning CRPD
Investment Type Value Add
Tenant Credit Corporate Guarantee
Ground Lease No
Value-Add | 92% Occupied
Investment highlights
- 92% Occupied Retail & Entertainment Center
- New 15-Year Lease Signed in 2024 for 74,000 SF by Centerline33 - one of the state’s largest indoor/outdoor pickleball facilities with 17 indoor and 16 outdoor pickleball courts
- Rebounderz Trampoline Arena occupies 35,800 SF and is a well-established tenant operating at this location since 2019
- Significant Upside through Lease-up of Inline Space & Outpad Building
- Available 5,600 SF inline space with warm-shell buildout ready for lease-up to a regional or national tenant
- Available 5,586 SF outparcel restaurant building (former Applebee’s) with ample parking and excellent access & visibility
- Infill Location Surrounded by National Retailers
- Adjacent to a Target-anchored center with Office Depot, Granite Expo, Dollar Tree, Shari’s, Panda Express and more
- Adjacent to a FoodMaxx-anchored center with PetSmart, Chuck-E-Cheese’s, Simmer Claw Bar, BigLots! and more
- Other national retailers in the immediate trade area include Costco, Ashley Furniture, Safeway, Ross Dress-4-Less, Raley’s, Olive Garden, Planet Fitness, Grocery Outlet, and many more
- North Bay Area Location in the Heart of Sonoma County | Rohnert Park
- Rohnert Park is part of the Northern Bay Area located in the heart of Sonoma County, which is widely regarded for it’s wine country and abundance of tourist attractions
- Excellent demographics in the region with Avg. HHI of $110,969 within a 3-mile radius of the subject property
- Situated less than 4-miles from Sonoma State University with over 5,000 students enrolled annually and over 1,000 employees
- The Graton Resort & Casino is situated less than 1.5 mile north, built in 2013 it features a 342,000 gaming floor, 200 luxury suites and an abundance of restaurants and entertainment options
Listing Contacts
Listed by Marcus & Millichap - Nashville
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,012,657.00
$84,388.08/mo
Valuation Metrics
0
DSCR
6.33%
Cap Rate
6.33%
ROI
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