Northern California Leased Investment with Development Potential

Highlights:

• Rare single tenant net leased credit tenant offering in a trophy Sonoma location
• Long-term stable credit tenancy since 1990 by American Automobile Association, “AAA”
• Unique Sonoma residential development opportunity

Description:

Newmark Knight Frank is pleased to exclusively offer the opportunity to purchase
650 2nd Street West, a free-standing AAA branch in Downtown Sonoma just South
of the historic Sonoma Plaza. The fully Triple Net leased Property is situated at the
highly trafficked 2nd Street across from a Whole Foods and CVS anchored retail
center. The Property was built-to-suit for AAA in 1990 has occupied the Property
ever since, making this a safe NNN investment in a prime Northern California market.
650 2nd Street West is set within downtown Sonoma’s retail core made up of quality
retailers such as Whole Foods, CVS as well as an abundance of renowned local wine
shops and restaurants. The Property is closely surrounded by some of the world’s
most iconic wineries including Gundlach Bundschu and Scribe. The Property is at
the center of the Sonoma wine industry, which continues to propel California as an
economic powerhouse and a cultural hub globally.

The property is also zoned for residential and is a wonderful development opportunity upon lease expiration.

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