Walmart Plaza Shops | 4641-4685 Redwood Dr
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Walmart Plaza Shops 4641-4685 Redwood Dr
14,550 SF 100% Leased Retail Building Rohnert Park, CA 94928 $4,447,000 ($306/SF) 6.54% Cap Rate
Investment Highlights
- 100% Leased Multi-Tenant Retail Building Anchored by a Top-Performing Dollar Tree
- Robust Demographics in Highly Desirable Rohnert Park - Part of the Santa Rosa-Petaluma MSA (Population 485,887)
- 45 Miles North of San Francisco
- Outparcel to Walmart Plaza with 1.9M Annual Visitors
- High Visibility Along Highway 101 (123,700 AADT)
Executive Summary
The premises is a part of the Walmart Plaza Shopping Center with over 1.9 million visitors annually, on the north side of Rohnert Park, just 1/4 mile south of Santa Rosa. It sits on the corner of Redwood Drive and Millbrae Avenue (16,240 AADT) just off Highway 101 (123,700 AADT). The site benefits from robust demographics with a total daytime population of 124,213 within a 5-mile radius and average household income of $124,543 within 1 mile of the site.
The property benefits from a prominent retail location with excellent access and visibility off Highway 101 in close proximity to major retailers Walmart, Sally Beauty Supply, The Home Depot Garden Center and Home Improvement Store, GameStop, Dollar Tree, and Sportsman’s Warehouse. Neighboring restaurants include Arby’s, Burger King, Chili’s Grill & Bar, Taco Bell, In-N-Out Burger, Bear Republic Brewing Co., Chick-fil-A, Krispy Kreme, and Vinoma Tapas Argentinas. Renowned Graton Resort and Casino, Scandia Family Fun Center, and Foxtail Golf Club are all close by and drive additional traffic to the area.
Rancho Cotate High School (Student Enrollment 1,475) is the main comprehensive high school for both Rohnert Park and Cotati, and the city’s largest employer Sonoma State University (Student Enrollment 9,300), part of the California State University system, are both under four miles southeast of the K1 Speed site. Sutter Santa Rosa Regional Hospital, 11 miles north, is an 84-bed acute care facility which provides surgical and maternal care, cardiovascular, ortho, diagnostic and lab services and is recognized as a primary stroke center.
The Charles M. Schultz – Sonoma County Airport, Santa Rosa, is 14 miles north of K1 Speed. The sixth fastest growing airport in the nation, the airport began construction in late 2020 of a $40 million terminal improvement and modernization project to handle an anticipated record 700,000 passengers this year alone. Project completion is expected in 2023. Sonoma County Airport Express buses also connect Rohnert Park with Oakland International Airport and San Francisco International Airport, each about 65 miles south.
The property benefits from a prominent retail location with excellent access and visibility off Highway 101 in close proximity to major retailers Walmart, Sally Beauty Supply, The Home Depot Garden Center and Home Improvement Store, GameStop, Dollar Tree, and Sportsman’s Warehouse. Neighboring restaurants include Arby’s, Burger King, Chili’s Grill & Bar, Taco Bell, In-N-Out Burger, Bear Republic Brewing Co., Chick-fil-A, Krispy Kreme, and Vinoma Tapas Argentinas. Renowned Graton Resort and Casino, Scandia Family Fun Center, and Foxtail Golf Club are all close by and drive additional traffic to the area.
Rancho Cotate High School (Student Enrollment 1,475) is the main comprehensive high school for both Rohnert Park and Cotati, and the city’s largest employer Sonoma State University (Student Enrollment 9,300), part of the California State University system, are both under four miles southeast of the K1 Speed site. Sutter Santa Rosa Regional Hospital, 11 miles north, is an 84-bed acute care facility which provides surgical and maternal care, cardiovascular, ortho, diagnostic and lab services and is recognized as a primary stroke center.
The Charles M. Schultz – Sonoma County Airport, Santa Rosa, is 14 miles north of K1 Speed. The sixth fastest growing airport in the nation, the airport began construction in late 2020 of a $40 million terminal improvement and modernization project to handle an anticipated record 700,000 passengers this year alone. Project completion is expected in 2023. Sonoma County Airport Express buses also connect Rohnert Park with Oakland International Airport and San Francisco International Airport, each about 65 miles south.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
14,550 SF
Building Class
B
Year Built
1993
Price
$4,447,000
Price Per SF
$306
Cap Rate
6.54%
NOI
$291,037
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
1.14 AC
Zoning
CRPD
Parking
86 Spaces (5.91 Spaces per 1,000 SF Leased)
Frontage
192 FT on Redwood Drive
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Signalized Intersection
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Barbershop
- -
- 99,999 SF
- -
- -
- Dollar Tree
- -
- 99,999 SF
- -
- -
- GameStop
- -
- 99,999 SF
- -
- -
- Good Looks Spa
- -
- 99,999 SF
- -
- -
- Sally Beauty
- -
- 99,999 SF
- -
- -
Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
Barbershop | - | 99,999 SF | - | - | ||
Dollar Tree | - | 99,999 SF | - | - | ||
GameStop | - | 99,999 SF | - | - | ||
Good Looks Spa | - | 99,999 SF | - | - | ||
Sally Beauty | - | 99,999 SF | - | - |
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 045-055-022 | Improvements Assessment | $1,071,207 |
Land Assessment | $320,781 | Total Assessment | $1,391,988 |
PROPERTY TAXES
Parcel Number
045-055-022
Land Assessment
$320,781
Improvements Assessment
$1,071,207
Total Assessment
$1,391,988
1 of 2
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Walmart Plaza Shops | 4641-4685 Redwood Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.