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Auction - Target Shadow Shopping Center 501 Rohnert Park Expy W 142,767 SF Retail Building Rohnert Park, CA 94928 $5,573,240 CAD ($39.04 CAD/SF)
Investment Highlights
- STARTING BID $4,000,000 | Target Shadow Shopping Center and Outparcel Building | 92% Occupied | Sonoma County CA | AUCTION SEPTEMBER 22-24.
- Long-Term Anchor Lease Through 2039: CenterLine33 Pickleball occupies 74,000 SF, or 52% of GLA, with two 5-year renewal options.
- High-Traffic Infill Retail Corridor: ±27,190 vehicles pass daily along Rohnert Park Expressway through this retail corridor.
- 92% Leased Entertainment Retail Center: Four tenants occupy 92% of GLA across two buildings on a 13-acre site in Rohnert Park, CA.
- ±11,186 SF Immediate Lease-Up Upside: Warm-shell inline space plus a former Applebee's outparcel offer value-add potential.
- Sandwiched Between National Retail Anchors: Target and FoodMaxx anchored centers flank the site amid Costco, Safeway, Ross, PetSmart.
Executive Summary
Brokered by Marcus & Millichap, 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.
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
142,767 SF
Building Class
B
Year Built/Renovated
1985/2025
Price
$5,573,240 CAD
Price Per SF
$39.04 CAD
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
13.00 AC
Zoning
C-R - Commercial , Flex
Parking
665 Spaces (4.66 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Dedicated Turn Lane
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 143-391-085 | Improvements Assessment | $23,791,853 CAD |
| Land Assessment | $10,115,193 CAD | Total Assessment | $33,907,046 CAD |
Property Taxes
Parcel Number
143-391-085
Land Assessment
$10,115,193 CAD
Improvements Assessment
$23,791,853 CAD
Total Assessment
$33,907,046 CAD
Contacts
-
Adam Sklaver -
Jason Hernandez -
Philip Kates -
Kyle Hynes -
Tony Solomon -
Marcus & Millichap
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Auction - Target Shadow Shopping Center | 501 Rohnert Park Expy W
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