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For Sale | Retail Investment Property For Sale

Bank of America Ground Lease

30 Smith Ranch Road
San Rafael, CA United States
Inquire About This Property
Building Size:
8,589 SF
Sale Price:
$5,700,000 USD
Lot Size:
1.45 Acres
Year Built:
2018

The property is located at the corner of Smith Ranch Road and Redwood Highway with immediate access to Highway 101, the main commuter arterial in Marin County, which connects both Marin and the other northern bay area counties to San Francisco. It boasts high traffic counts of 173,700 vehicles per day. The site has excellent demographics with a population of 52,030 and an average household income of $173,189 within three miles. The site is within the commercial corridor around 101. Tenants in the surrounding area include Kaiser Permanente, AAA, Cinemark, and many other national tenants.

North San Rafael offers a blend of suburban charm and urban convenience. Although most of the area is residential, the retail corridors are packed with national tenants and boutique shops. The Northgate Mall is a fixture of the location and is home to Macy’s, Restoration Hardware, Chipotle, Peet’s Coffee, Cinemark, Rite Aid, Kohl’s, and HomeGoods. A nearby strip center is home to Safeway, Walgreens, and Starbucks. North San Rafael is also home to the Marin County Civic Center, which is a county administrative building that houses officials from many departments, and hosts a variety of events throughout the year, including a farmers market every Sunday. Residents in the area also have incredible access to numerous parks and open spaces like China Camp State Park. These areas provide ample opportunity for outdoor activities. The desirability of area has resulted in very low vacancy rates of 3.2% in the retail sector across the county.

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