Prime Shadow Anchored 9.66% CAP w/ Upside 3612-3672 Sonoma Blvd 14,240 SF 100% Leased Retail Building Vallejo, CA 94590 $4,841,830 CAD ($340.02 CAD/SF) 9.66% Cap Rate

The Ovaness Rostamian Group of Marcus & Millichap is pleased to present 3612–3672 Sonoma Blvd., Vallejo, CA, a 14,240-square-foot daily needs shopping center strategically positioned in one of the North Bay’s strongest growth markets. This investment offers stable, diversified cash flow with significant upside potential. Boasting 234 feet of frontage along Sonoma Blvd. (Highway 29)—Vallejo’s primary retail and commuter corridor—the property enjoys combined exposure to over 40,000 vehicles per day (VPD) at Sonoma Blvd. and Redwood Street. Tenants benefit from excellent visibility, multiple ingress and egress points, and proximity to high-volume national retailers including Walmart Neighborhood Market, Target, and Home Depot.
The surrounding trade area supports over 151,000 residents within a five-mile radius, with population growth projected at 5.2% over the next five years. An average household income of $115,352 fuels robust retail spending, while ongoing residential development—including the 5150 Sonoma Blvd. project, adding 400 new homes—continues to expand the customer base. Vallejo’s economy is further strengthened by a diversified employment base including Amazon (American Canyon and Vacaville), Kaiser Permanente, Union Pacific, Touro University, and a range of new industrial, residential, and life sciences employers at the Mare Island redevelopment. The city also serves as a retail and commuter hub for Solano, Napa, and Contra Costa counties, with ferry service providing direct access to San Francisco, increasing both daytime and visitor traffic.
Fully leased, the center produces a 9.66% in-place CAP rate. Its diverse tenant mix—including QSR/dining (29%), professional services (34%), and medical (6%)—ensures income stability, while in-place rents at $2.39 PSF/month remain approximately 20% below market, offering immediate rent growth potential. The property also provides 60 dedicated parking stalls, with access to an additional 333 stalls within the broader shopping center, accommodating high customer volume. 3612–3672 Sonoma Blvd. presents investors with a rare opportunity to acquire stable income, capitalize on future rent growth, and benefit from long-term appreciation potential in a high-traffic, supply-constrained market at the gateway to the Bay Area’s most dynamic employment and housing corridors.
Shopping Center Details
14,240 Sq. Ft. on 1.65 Acres | 100% Occupied | 9.66% In-Place CAP Rate
• Diverse Tenant Mix – QSR/Dining (29%), Professional Services (34%), Medical (6).
• Stable Occupancy – 7 tenants with an average unit size of 2,383 sq. ft., minimizing vacancy risk.
• Rent Growth Potential – In-place rent at $2.39 PSF/mo., ~20% below market; area vacancy at 3.00%, market rents trending at $2.50–$2.85 PSF/mo.
• Ample Parking – 60 dedicated stalls with access to a total of 333 stalls in the broader property.
• Visibility & Consumer Traffic – Excellent frontage along Sonoma Blvd./Highway 29, the city’s main retail and commuter corridor, ensuring long-term demand and tenant stability.
This investment offers stable cash flow, immediate upside, and future development potential in a high-growth market.