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1452 Mendocino Avenue, Santa Rosa, CA

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1452 Mendocino Avenue

Santa Rosa, CA 95401-4314 - Santa Rosa Ret Submarket

Property Type:Retail Sub Type:Fast Food Status:Existing Year Built:2013
Building Size:4,400 SF Land Area:1.2 AC (52,272 SF)
For Sale Price:$4,400,000 Price/SF:$1,000.00
Cap Rate:3.31 %

Sale Notes:
This subject offering is an extremely rare Sonoma County net leased offering. This is the opportunity to purchase the 100% fee simple interest in a long term absolute NNN Chick-fil-A ground lease. The rare lease structure is a 20 year initial term with 10% increases every 5 years with seven 5 year renewal options and 10% increases at each option. The lease is a pure NNN and requires zero landlord responsibilities.

Chick-fil-A is the second largest quick service chicken restaurant in the country. The asset is irreplaceable real estate in Sonoma County' s principal city. The site is on one of Santa Rosa' s main commercial thoroughfares at the center of one of the city' s primary commercial trade areas. The neighborhood is highly desirable. Santa Rosa Junior College sits directly across the street from the property.

The Kase Group
Jacob Abusharkh
(925) 231-1770

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