Description
100% leased NNN Multi Tenant Retail. 7.6% Cap in place. 7% Cash on Cash. Promo financing available: 6.25% 5 years 65% LTV. Tremendous upside: 2023 Rent & CAM Increases are not included in current NOI. Priced to Sell. The Sonoma Building is a 14,240 sf strip center only 30 minutes from San Francisco. It includes a diverse mix of local e-commerce resistant shops and restaurants all in-line to a CVS Pharmacy and 99 Cent Only anchored center. The Sonoma Building is strategically located along Sonoma Blvd (21,700 VPD), the major north/south commuter thoroughfare running through the city of Vallejo. The asset is also ideally positioned adjacent to a Walmart Neighborhood Market, promoting crossover traffic to the site. Other nearby national/credit tenants include Adventist Health, US Post Office, Smart & Final, Planet Fitness, Walgreens, AutoZone, Davita's and more, further increasing consumer draw to the trade area.
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0BEDS
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1.65ACRES
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0BATHS
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01/2 BATHS
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14,240SQFT
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$253$/SQFT
School Ratings & Info
Description
100% leased NNN Multi Tenant Retail. 7.6% Cap in place. 7% Cash on Cash. Promo financing available: 6.25% 5 years 65% LTV. Tremendous upside: 2023 Rent & CAM Increases are not included in current NOI. Priced to Sell. The Sonoma Building is a 14,240 sf strip center only 30 minutes from San Francisco. It includes a diverse mix of local e-commerce resistant shops and restaurants all in-line to a CVS Pharmacy and 99 Cent Only anchored center. The Sonoma Building is strategically located along Sonoma Blvd (21,700 VPD), the major north/south commuter thoroughfare running through the city of Vallejo. The asset is also ideally positioned adjacent to a Walmart Neighborhood Market, promoting crossover traffic to the site. Other nearby national/credit tenants include Adventist Health, US Post Office, Smart & Final, Planet Fitness, Walgreens, AutoZone, Davita's and more, further increasing consumer draw to the trade area.
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