Marcus & Millichap is pleased to present the Rose Center Shopping Plaza, an exceptional retail investment opportunity located in Benicia, CA. Anchored by
Starbucks and CVS, this 100% leased property, built in 2007, consists of ten multitenant suites. The plaza serves the city of Benicia by providing a diverse range
of essential goods and services. All tenants are on a NNN lease structure, with many having exercised five-year lease extensions, creating a stable and passive
investment in a growing market.
The property is strategically located at the intersection of Columbus Pkwy (14,400+ VPD) and Rose Dr., just off Interstate-780 (61,000+ VPD), ensuring excellent
visibility along the highway. Its prime location offers convenient access to over 61,000 vehicles per day traveling toward major markets such as the East Bay and
Vallejo.
The shopping plaza features a tenant mix of restaurants, self-care and beauty salons, and essential services, all operating under NNN leases. Eight tenants have
extended their leases through 2029, demonstrating the long-term stability of the property. Four of these tenants have been at this location for nearly two decades,
underscoring the tenant satisfaction and success of the plaza.
Benicia, CA, offers a strategic location with a diverse economy and strong infrastructure. The city is home to key industries such as the Tesoro Refinery, a leading
oil refinery, and the Benicia Port, which supports shipping and trade. Additionally, Benicia’s proximity to major Bay Area markets, including Oakland and San
Francisco, strengthens its logistics and distribution sectors. The city is also experiencing growth in tech and retail, with companies like Peet's Coffee expanding
their operations. With a growing population, high household incomes, and a business-friendly environment, Benicia represents a strong long-term investment
opportunity.