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.