501 Rohnert Park Expy W - Freestanding FOR SALE


Rohnert Park, CA 94928
$4,000,000 USD
301-706-4619
501 Rohnert Park Expy W, Rohnert Park, CA for Sale
$4,000,000 USD
Freestanding - FOR SALE
1/7
null | Request Cap Rate

501 Rohnert Park Expy W
Rohnert Park, CA 94928


HIGHLIGHTS

  • STARTING BID $4,000,000 | Target Shadow Shopping Center and Outparcel Building | 92% Occupied | Sonoma County CA | AUCTION SEPTEMBER 22-24.
  • 92% Leased Entertainment Retail Center: Four tenants occupy 92% of GLA across two buildings on a 13-acre site in Rohnert Park, CA.
  • Long-Term Anchor Lease Through 2039: CenterLine33 Pickleball occupies 74,000 SF, or 52% of GLA, with two 5-year renewal options.
  • ±11,186 SF Immediate Lease-Up Upside: Warm-shell inline space plus a former Applebee's outparcel offer value-add potential.
  • High-Traffic Infill Retail Corridor: ±27,190 vehicles pass daily along Rohnert Park Expressway through this retail corridor.
  • Sandwiched Between National Retail Anchors: Target and FoodMaxx anchored centers flank the site amid Costco, Safeway, Ross, PetSmart.

OVERVIEW

Brokered by Marcus & Millichap, 555 Rohnert Park Expressway is a 92% occupied, 142,767 SF retail and entertainment center on 13 acres in the heart of Sonoma County wine country. CenterLine33 Pickleball anchors the property under a new 15-year lease signed in 2024 for 74,000 SF, operating one of California's largest indoor/outdoor pickleball facilities alongside Rebounderz Trampoline Arena, a 35,800 SF tenant in place since 2014, Southern Glazer's Wine & Spirits, and Discovery Church. The former Applebee's building which sits on its own parcel along the signalized hard corner gives a buyer the opportunity to reposition and lease to a national credit tenant. The center sits adjacent to Target and FoodMaxx anchored shopping centers amid national retailers including Costco, Safeway, and Ross Dress for Less, with average household income of $110,969 within three miles. Less than 1.5 miles from Graton Resort & Casino and under four miles from Sonoma State University, the asset benefits from durable demand generators in a supply-constrained North Bay submarket.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$29 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Auction - Target Shadow Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

665

LAND DETAILS

LAND ACRES

13 AC

LAND SF

566,280 SF

ZONING

C-R

APN/PARCEL ID

143-391-085

ASK ABOUT THIS PROPERTY

Adam SklaverMarcus & MillichapMore Info
301-706-4619

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Adam SklaverMarcus & MillichapMore Info
301-706-4619

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