Omnicare

Highlights:

• The tenant has occupied the property since October 2013 and has executed two lease extensions, demonstrating long-term commitment to the location
• Current rent is approximately $1.58/SF/month, providing a low-rent single tenant opportunity in a core Bay Area market
• The subject property is located near Santa Rosa Memorial Hospital and benefits from surrounding medical, residential, and downtown demand drivers
• Omnicare of Santa Rosa, is part of a national pharmacy services platform focused on long-term care facilities, including assisted living communities, skilled nursing facilities, and chronic care institutions
• Santa Rosa is the largest city in Sonoma County and serves as a regional hub for healthcare, employment, retail, and professional services
• Average household incomes exceed $143,000 within a 5-mile radius, highlighting the strength of the surrounding trade area

Description:

The subject property offers investors the opportunity to acquire an infill single-tenant pharmacy asset in Santa Rosa, the largest city in Sonoma County and a key healthcare hub for the North Bay. The site benefits from proximity to Santa Rosa Memorial Hospital, downtown Santa Rosa, and an affluent surrounding population base.

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