5301 Old Redwood Hwy | Petaluma, CA 94954
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5301 Old Redwood Hwy
Petaluma, CA 94954
Applebee's · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease – There are zero landlord responsibilities or expenses, providing 100% passive income to the landlord.
- Heavy Traffic Business Corridor – The property is strategically positioned off the CA 101 Freeway which sees over ±112,000 cars per day.
- Hard Signalized Corner – The property is located on the corner of a highly trafficked intersection off of Old Redwood Hwy and McDowell Blvd.
- Secure Real Estate with Potential Upside – Investors have the rare opportunity to acquire an Applebee’s with attractive percentage rent increases.
- Highly Affluent Area – The average household income within a 3-mile radius of the property is $167,961.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,880 SF
Building Class
B
Year Built
1996
Tenancy
Single
Building Height
1 Story
Building FAR
0.61
Lot Size
0.22 AC
Parking
30 Spaces (5.1 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Restaurant
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 047-360-026 | Improvements Assessment | $2,648,436 |
| Land Assessment | $1,533,299 | Total Assessment | $4,181,735 |
PROPERTY TAXES
Parcel Number
047-360-026
Land Assessment
$1,533,299
Improvements Assessment
$2,648,436
Total Assessment
$4,181,735
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