Log In/Sign Up
Your email has been sent.
Shopps at Sonoma 10.21% CAP w/ Upside 3612-3672 Sonoma Blvd 14,240 SF 100% Leased Retail Building Vallejo, CA 94590 $3,300,000 ($231.74/SF) 10.21% Cap Rate
Investment Highlights
- 10.21% In-Place Cap Rate with Additional Value-Add Potential
- ±40,000 VPD Exposure with 234 Feet of Sonoma Blvd Frontage
- Signalized Corner Location with Multiple Ingress & Egress Points
- Adjacent to Walmart Neighborhood Market & Surrounded by National Retailers
- 149,000+ Residents & $119,675 Average Household Income Within 5 Miles
- Benefiting from Mare Island & Vallejo Waterfront Redevelopment
Executive Summary
Marcus & Millichap's Ovaness-Rostamian Group is pleased to present Shops at Sonoma, a 14,240-square-foot fully occupied neighborhood shopping center located along Sonoma Boulevard (Highway 29), one of Vallejo's primary retail and commuter corridors. The property offers stable in-place cash flow with significant upside through below-market rents and future rental growth.
The center benefits from approximately 234 feet of frontage and exposure to more than 40,000 vehicles per day at Sonoma Boulevard and Redwood Street. Tenants enjoy strong visibility, multiple ingress and egress points, and immediate proximity to major retailers including Walmart Neighborhood Market, Target, and Home Depot.
The property is supported by more than 149,000 residents within a five-mile radius and an average household income exceeding $119,000. Ongoing residential and mixed-use development, including the Mare Island and Vallejo Waterfront redevelopment initiatives, continues to strengthen the area's long-term growth outlook.
Fully leased, the center currently generates a 10.21% in-place cap rate and features a diverse mix of service, dining, and medical tenants. In-place rents remain approximately 20% below market, providing investors with the opportunity to increase cash flow while benefiting from long-term appreciation in one of the North Bay's strongest retail corridors.
The center benefits from approximately 234 feet of frontage and exposure to more than 40,000 vehicles per day at Sonoma Boulevard and Redwood Street. Tenants enjoy strong visibility, multiple ingress and egress points, and immediate proximity to major retailers including Walmart Neighborhood Market, Target, and Home Depot.
The property is supported by more than 149,000 residents within a five-mile radius and an average household income exceeding $119,000. Ongoing residential and mixed-use development, including the Mare Island and Vallejo Waterfront redevelopment initiatives, continues to strengthen the area's long-term growth outlook.
Fully leased, the center currently generates a 10.21% in-place cap rate and features a diverse mix of service, dining, and medical tenants. In-place rents remain approximately 20% below market, providing investors with the opportunity to increase cash flow while benefiting from long-term appreciation in one of the North Bay's strongest retail corridors.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
14,240 SF
Building Class
B
Year Built
1977
Price
$3,300,000
Price Per SF
$231.74
Cap Rate
10.21%
NOI
$336,930
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
1.65 AC
Opportunity Zone
Yes
Zoning
CP, Vallejo - Commercial mixed use
Parking
60 Spaces (4.21 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Fully equipped restaurant with plenty of parking in front.
| Space | Size | Space Use | Position | Available |
| 3636-3656 | 3,000 SF | Restaurant | In-Line | Now |
| 3666 | 2,400 SF | Retail | In-Line | Now |
3636-3656
| Size |
| 3,000 SF |
| Space Use |
| Restaurant |
| Position |
| In-Line |
| Available |
| Now |
3666
| Size |
| 2,400 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
3636-3656
| Size | 3,000 SF |
| Space Use | Restaurant |
| Position | In-Line |
| Available | Now |
Fully equipped restaurant with plenty of parking in front.
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3666
| Size | 2,400 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,187,290 | |
| Land Assessment | $874,911 | Total Assessment | $3,062,201 |
Property Taxes
Parcel Numbers
Land Assessment
$874,911
Improvements Assessment
$2,187,290
Total Assessment
$3,062,201
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
