For Sale or Lease Freestanding Highway Commercial or Restaurant Opportunity
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- Gwendolyn Robbins
- 6 years ago
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1 For Sale or Lease FEATURES: 7,625± sf C-3 County Zone Free-Standing Commercial Use Building Plus a 1,800± sf Second Freestanding Building all on 1± Acre Old Redwood Highway Prominence Zoning Allows for Brewery, Restaurant w/ Entertainment, Artisan/Craft Uses, etc. Fully Fire Sprinklered Main Building Abundant On-Site Parking on 1 Acre Site Structural Upgrades and ADA Restrooms Patio Seating Area Potential Close Proximity to Freeway, Lagunitas Brewery and Downtown Petaluma Lease or Option to Purchase Potential 600 Amp 3 Phase Power LEASE RATE: SALE PRICE: $1.55 psf/month Gross $2,790,000 O N C O R I N T E R N AT I O N A L
2 SALE PRICE: $2,790,000 TOTALING SF: 7,625± sf Stand-Alone Building Plus 1,800± sf Second Building ZONED: County C-3 Zone APN #: LEASE RATE: $1.55 psf/month Gross PARKING: On-Site (Count T.B.D.) LAND AREA: 43,996± sf PRIMARY TYPE: Bulk Retail/Flex Space and Formerly Tentatively Approved as Food Services PROPERTY DESCRIPTION: Subject Property is comprised of two buildings on site. The larger is a free standing retail building at approximately 7,625 sft that has gone through brewery permits with ADA bathrooms plus potential food services flooring and tiles. The building is fire sprinkled and has abundant on-site parking. Second building at approximately 1,800 SFT to the Westerly portion of the lot. The area is a unique mixed-use opportunity with great freeway identity, zoned LC in the County of Sonoma, which allows for retail, commercial, and office uses. DESCRIPTION OF LOCATION - AREA: The site is a 1.01± Acre lot with abundant on-site parking, facing a busy Old Redwood Hwy and is just North of McDowell Blvd, Petaluma. County C-3 zoning allows for: Schools, bulk retail, disillery, restaurant, brewery, winery, live music, bulk retail, residential, as well as craft/artisan uses, and a variety of other commercial uses suitable within C-3 zone.
3 For Sale or Lease O N C O R I N T E R N AT I O N A L
4 (Prospective Plan for Brewery & Restaurant - Not Approved)
5 For Sale or Lease O N C O R I N T E R N AT I O N A L
6 RETAIL & FOOD SERVICE LEASE COMPS SONOMA COUNTY rev. 3/2016 LOCATION & BUSINESS 2300 Mendocino Ave/Safeway Center High Tech Burrito APPROX. SPACE SIZE EFFECTIVE RATE/S.F./MO LEASE DATE 1400 sft $3.85 psft/nnn plus $1.05 CAM 7/ Mendocino Ave/Safeway Center Scottrade 1400 sft $3.67/psft/NNN plus$1.05 CAM 2/ Mendocino Ave/Safeway Center Boathouse Sushi 2,200 s.f. $3.15 psf/nnn plus $1.10 psf CAM E. Cotati Avenue Juice Shack 1100 sft $2.20 psft/nnn 3/2014 Shiloh Center Lease to High Tech Burrito 1,600 s.f. $3.00 psf/nnn Mendocino Ave/Safeway Center Pieology Pizza 1600 Sft $3.65 psft/nnn plus $1.05 sft/cam 3/2015 Santa Rosa Market Place to Chubby's 1,300 s.f. $3.91 psf/nnn Plus CAM of $.678 sft/mo Farmers Ln. Santa Rosa Auto Association (AAA) 5500 sft $2.15 sft/nnn 2016 Anytime Fitness Sonoma Hwy Santa Rosa 3,600 s.f. $2.10 psf/nnn 2010 Steele Ln & Mendocino Avenue Panera Bread 3,800 s.f. $3.20 psf/nnn Jan.2012 Montgomery Village Boudin Bakery 4,000 s.f. $2.75 psf/nnn May Santa Rosa Avenue (Santa Rosa Marketplace) Menchie s Yogurt 1,400 s.f. $4.00 psf / NNN Plus $.75sft/CAM March 2014
7 Steele Ln. European Facial 1,800 s.f. $2.95 psf/nnn August Mendocino Ave. (Safeway Center) 5 Guys Burgers 2,000 s.f. $2.75 psf/nnn 2011 Habit Burger/Napa 2,000 s.f. $3.90 psf/nnn Mendocino Ave Triple A Auto Service 4760 sft $2.95 sft/nnn 2016 Redwood Credit Union 2463 Mendocino Ave 4000 sft $2.95 sft/nnn Sebastopol Rd to Maria Contreras Torres & Ernest Torres 1,360 s.f. $2.10 psf/nnn Feb Corporate Ctr. Pkwy. to St. Joseph Emergency Health 3,200 s.f. $3.25 psf/nnn May Brooks Rd. South to Verizon Wireless 1,875 s.f. $2.00 psf/nnn October Mendocino Ave. Little Caesar s Pizza 1,750 s.f. $2.10 psf/nnn October Fulton Rd. Tutti Frutti Yogurt 1,200 s.f. (in-line) $2.05 psf/nnn November Santa Rosa Ave. Pet Smart 16,000 s.f. $2.28 psf/nnn July Guerneville Road Tan s Donuts 1,391 s.f $2.63 psf / NNN June A Guerneville Rd. Kwik Stop 2,100 s.f. $2.73 psf/nnn November Santa Rosa Avenue (Santa Rosa Marketplace) Jimmy John s Gourmet Sandwiches 1,320 s.f. $4.50 psf / NNN July 2014
8 For Sale or Lease O N C O R I N T E R N AT I O N A L
9
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