Auction - Target Shadow Shopping Center and Outparcel… — Sale in Rohnert Park, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Rohnert Park, CA 94928

Photos

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Description

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace - https://rimarketplace.com/auction/3385/retail/rohnert-park/ca Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, 555 Rohnert Park Expressway is a 95.9% occupied, 137,200 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. Investment Highlights: • ?STARTING BID $4,000,000 | Target Shadow Shopping Center and Outparcel Building | 96% Occupied | Sonoma County CA | AUCTION SEPTEMBER 22-24 • 95.9% Leased Entertainment Retail Center: Four tenants occupy 95.9% of GLA across two buildings on a 13-acre site in Rohnert Park, CA. • Long-Term Anchor Lease Through 2039: CenterLine33 Pickleball occupies 74,000 SF, or 52% of GLA, with two 5-year renewal options. • ±5,586 SF Immediate Lease-Up Upside: Warm-shell inline space plus a former Applebee's outparcel offer value-add potential. • High-Traffic Infill Retail Corridor: ±27,190 vehicles pass daily along Rohnert Park Expressway through this retail corridor. • Sandwiched Between National Retail Anchors: Target and Foo

Market Context

This retail in Rohnert Park, CA is listed for sale. Compare it against other retail listings for sale in Rohnert Park, CA — view the full market.

As of Q4 2025, the San Francisco North Bay retail market showed a 4.4% vacancy rate, and rents up 6.0% year over year. Source: Cushman & Wakefield Q4 2025 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Retail market FAQ

Is the San Francisco North Bay retail market tightening or softening?
Vacancy is around 4.4%, with asking rents rising year over year (Q4 2025).

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