Cleveland Ave

Zapolski Real Estate acquired 2222 & 2226 Cleveland Avenue in Santa Rosa in February 2024. This strategic acquisition comprises a 3.73-acre site featuring 49,990 sq ft of retail space that is 100% leased. Positioned adjacent to HWY 101 and directly across the street from Coddingtown Mall, the location benefits from the mall’s major anchors, including Whole Foods, Macy’s, Target, and Nordstrom Rack. The area serves a trade population of nearly 200,000 people, with average household incomes approaching $88,000 within a 5-mile radius, making it a highly desirable retail location.

The property’s current tenants, TJ Maxx and Staples, are both strong performers within their respective brands. Notably, the Staples store is ranked #8 in the United States by sales revenue and #2 in foot traffic within California. These impressive metrics underscore the site’s prime location and tenant appeal. Both TJ Maxx and Staples have been occupying the property since 2007 and have demonstrated long-term commitment with fixed rental increases and possessing additional options to extend their leases.

The acquisition of 2222 & 2226 Cleveland Avenue aligns with Zapolski Real Estate’s strategic focus on high-quality retail properties in prime locations with stable tenant bases. The property’s robust performance metrics and strategic location promise to deliver strong, stable returns and add significant value to the portfolio.