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Santa Rosa Community Market 1899 Mendocino Ave 12,549 SF Retail Building Santa Rosa, CA 95401 $8,655,687 CAD ($689.75 CAD/SF) 6.55% Cap Rate



INVESTMENT HIGHLIGHTS
- Occupied by a premier local tenants that continued to pay rent through both the 2008 Financial Crisis and the 2020 COVID Pandemic
- Irreplaceable location adjacent to Santa Rosa Junior College and within close proximity to major retailer
- Stabilized NNN Investment
EXECUTIVE SUMMARY
Alpha Real Estate is pleased to exclusively offer for sale a fee simple interest in 1899 Mendocino Avenue, Santa Rosa, CA "the "Subject Property". The Subject property is situated in a prime location on Mendocino Avenue, a main thoroughfare of Santa Rosa, and is anchored by the Community Market, which has occupied this site since 1987 and recently renewed their Lease. With another prominent location at the Barlow in Sebastopol, the Community Market is a local anchor for the community and small businesses. The property is located adjacent to Santa Rosa Junior College, which is consistently ranked among the Nation's top 100 community colleges. Please inquire with listing agents for additional information:
Alex Provost
(512) 216-5495
ap@alpharetx.com
Jon Frager
(650) 477-0376
jf@alpharetx.com
Alex Provost
(512) 216-5495
ap@alpharetx.com
Jon Frager
(650) 477-0376
jf@alpharetx.com
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,549 SF
Building Class
B
Year Built
1957
Price
$8,655,687 CAD
Price Per SF
$689.75 CAD
Cap Rate
6.55%
NOI
$567,378 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.30
Lot Size
0.96 AC
Zoning
CITYSR
Parking
41 Spaces (3.27 Spaces per 1,000 SF Leased)
Frontage
Walk Score®
Walker's Paradise (90)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 180-310-012 | Improvements Assessment | $6,977,718 CAD |
| Land Assessment | $1,744,429 CAD | Total Assessment | $8,722,147 CAD |
PROPERTY TAXES
Parcel Number
180-310-012
Land Assessment
$1,744,429 CAD
Improvements Assessment
$6,977,718 CAD
Total Assessment
$8,722,147 CAD
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Santa Rosa Community Market | 1899 Mendocino Ave
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