Flamingo Shopping Center_Property for Sale
Flamingo Shopping Center_Property for Sale

Flamingo Shopping Center

2745 – 2771 4th Street, Santa Rosa, CA 95405

Description

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire the 100% fee simple interest in Flamingo Shopping Center (the “Property”), a premier Bay Area grocery anchored center in Santa Rosa, California.


Flamingo Shopping Center is 100% leased to best-in-class national tenants Safeway, CVS Pharmacy, and IHOP, generating corporate-guaranteed revenue with 23 years of weighted average lease term remaining. The center also features a complementary mix of other essential retailers such as Starbucks, The UPS Store, Wells Fargo, and Redwood Credit Union in space subleased by Safeway. As such, the Property’s rent roll consists entirely of absolute NNN corporate leases with no landlord responsibilities.


The Property comprises 85,531 square feet of leasable area spanning 7.99 acres of infill land prominently positioned along 4th Street. It is ideally located adjacent to the Flamingo Resort & Spa, an iconic mid-century hotel transformed in 2022 into a popular wine country retreat and wellness club. The center has been entrenched as a local cornerstone since its inception in 1961 and continues to serve a growing suburban community.


Available for the first time in over 43 years, the offering is a generational opportunity to acquire an essential daily needs shopping center producing secure, reliable, and passive longterm income.

...

Attributes

Asking price
R 317,928,000
Rentable area
7,946 m²
Occupancy
100%
WALT
23.1 years
Land area gross
3.23 ha

Media

Investment Highlights

  1. Generational Grocery-Anchored Center in Premier Bay Area Submarket
  2. Fully Leased Providing 100% Corporate-Guaranteed Income with No Historical Vacancy Since 1997
  3. Anchored by Corporate-Guaranteed Safeway with Over 32 Years of Term Remaining
  4. Featuring a High-Performing CVS Pharmacy Ranked in the 88th Percentile Nationally
  5. Absolute NNN Leases with No Landlord Responsibilities - Ideal 1031 Exchange Property
  6. Irreplaceable Infill Position with Attractive Basis & Significant Embedded Value
  7. Located in a Target Retail Submarket with Limited Supply & Robust Tenant Demand
  8. Affluent Demographics Characterized by High Incomes & Consumer Spending
Flamingo Shopping Center 4_Property for Sale
Flamingo Shopping Center 4_Property for Sale

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Flamingo Shopping Center (0 Properties)

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Last updated
3 Sep 2025