3612-3672 Sonoma Blvd - Restaurant FOR SALE


Vallejo, CA 94590- West Vallejo
$3,300,000 USD
818-823-0832
3612-3672 Sonoma Blvd, Vallejo, CA for Sale
$3,300,000 USD
Restaurant - FOR SALE
1/9
null | 10.21% Cap Rate

3612-3672 Sonoma Blvd
Vallejo, CA 94590
West Vallejo


HIGHLIGHTS

  • 10.21% In-Place Cap Rate with Additional Value-Add Potential
  • Adjacent to Walmart Neighborhood Market & Surrounded by National Retailers
  • ±40,000 VPD Exposure with 234 Feet of Sonoma Blvd Frontage
  • 149,000+ Residents & $119,675 Average Household Income Within 5 Miles
  • Signalized Corner Location with Multiple Ingress & Egress Points
  • Benefiting from Mare Island & Vallejo Waterfront Redevelopment

OVERVIEW

Marcus & Millichap's Ovaness-Rostamian Group is pleased to present Shops at Sonoma, a 14,240-square-foot fully occupied neighborhood shopping center located along Sonoma Boulevard (Highway 29), one of Vallejo's primary retail and commuter corridors. The property offers stable in-place cash flow with significant upside through below-market rents and future rental growth. The center benefits from approximately 234 feet of frontage and exposure to more than 40,000 vehicles per day at Sonoma Boulevard and Redwood Street. Tenants enjoy strong visibility, multiple ingress and egress points, and immediate proximity to major retailers including Walmart Neighborhood Market, Target, and Home Depot. The property is supported by more than 149,000 residents within a five-mile radius and an average household income exceeding $119,000. Ongoing residential and mixed-use development, including the Mare Island and Vallejo Waterfront redevelopment initiatives, continues to strengthen the area's long-term growth outlook. Fully leased, the center currently generates a 10.21% in-place cap rate and features a diverse mix of service, dining, and medical tenants. In-place rents remain approximately 20% below market, providing investors with the opportunity to increase cash flow while benefiting from long-term appreciation in one of the North Bay's strongest retail corridors.

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$232 USD /SF

CAP RATE

10.21%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shopps at Sonoma 10.21% CAP w/ Upside

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.65 AC

LAND SF

71,874 SF

ZONING

CP, Vallejo

APN/PARCEL ID

0053-010-650,0053-010-660

ASK ABOUT THIS PROPERTY

Ara RostamianMarcus & MillichapMore Info
818-823-0832

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Ara RostamianMarcus & MillichapMore Info
818-823-0832

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.