For Auction
Target Shadow Shopping Center and Outparcel Building | 92% Occupied | Sonoma County CA
Rohnert Park, CA 94928Represented by
Marcus & Millichap
Asset Snapshot
Offering Summary
Investment Highlights
- 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.
- 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 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.Due Diligence
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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.
