For Auction

Target Shadow Shopping Center and Outparcel Building | Sonoma County CA

501 & 555 Rohnert Park Expressway W,
Rohnert Park, CA 94928
Represented by
Marcus & Millichap

Asset Snapshot

Real Estate
Asset Type
Retail
Property Type
Big Box
Retail Subtype
1985
Year Built
2025
Year Renovated
6
Building Count
13.00 Acres
Land Area
95.9%
Occupancy
Shadowed
Anchor
Target, FoodMaxx
Anchor Tenant(s)
137,200 SF
Property Size
Multi-Tenant
Retail Tenancy

Investment Highlights

95.9% Leased Entertainment Retail Center
Four tenants occupy 95.9% 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.
±5,586 SF Immediate Lease-Up Upside
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.
Affluent North Bay Sonoma Trade Area
±58,308 residents and $110,969 average household income sit within a 3-mile radius here.

Offering Summary

Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, 555 Rohnert Park Expressway is a 95.9% occupied, 137,200 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.

Due Diligence

Transaction Managers

Platform Fee

Buyer pays a minimum platform fee of 5% or $25,000 at closing.

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Auctioneer

Emilio Lemeni
c/o Fisher Auction Company Inc.
License: 00961384

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Auction Opens In
6d 12h 53m 07s
$4,000,000
Starting Bid
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Bidding Opens
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Investment Sales Brokers

Jason Hernandez
Marcus & Millichap
CA License: 01392646

Disclaimers

The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.