1525 Holiday Ln - Freestanding FOR SALE


Fairfield, CA 94534
$4,225,000 USD
678-808-2804
1525 Holiday Ln, Fairfield, CA for Sale
$4,225,000 USD
Freestanding - FOR SALE
1/12
null | 5.7% Cap Rate

1525 Holiday Ln
Fairfield, CA 94534


HIGHLIGHTS

  • Absolute NNN 5-Year Sale Leaseback | Strong, Top-Performing Meineke Franchisee | Premier Consolidated, Inc. Operates 23 Locations Across Four States
  • Currently Sublet to Cycle Gear with Below Market Rents | Future Upside Opportunity | Adjacent 1.13 AC Lot Available | General Retail Commercial Zoning
  • Located Just Off of I-80 (185,000+ VPD) at the Travis Blvd Intersection | Dense Retail Corridor
  • In Close Proximity to Major Master Planned Communities that are Underway
  • Less than 40 Miles to Sacramento & Less than 46 Miles to San Francisco

OVERVIEW

The AP Group of Marcus & Millichap is pleased to present the opportunity to acquire the multitenant auto center located at 1525 Holiday Ln, Fairfield, CA. Located just off Interstate-80 within the greater San Francisco-Sacramento MSA, the subject property consists of two buildings totaling 18,528 square-feet which rest on 1.32 acres. The entire property is currently master leased to a top-performing Meineke franchisee, operating in 23 locations across four states. The tenant will enter an absolute NNN 5-year sale leaseback with two, 5-year options and 10% increases every five years. The subject property is well positioned in a dense retail corridor at the Travis Blvd intersection, and is surrounded by national retailers such as Burger King, BevMo!, Dollar Tree, Taco Bell, amongst others. Solano County is located between San Francisco, Oakland, and Sacramento, and is situated within the Napa Valley and Suisun Valley wine regions. As such, the county is adorned with numerous wineries, contributing to the area’s vibrant agricultural scene that also includes the cultivation of crops like tomatoes, prunes, and walnuts. Interstate 80 traverses the region, and port access is available in Benicia, supporting a number of industrial parks that are scattered throughout the county and offer lower costs than larger, nearby metros. Solano County is also home to Travis Air Force Base, a major military instillation known for its strategic airlift capabilities and logistical support. Beyond contributing to the nation’s defense and providing critical aid in disaster response, Travis Air Force base is also a source for local employment opportunities. Other households commute out of the county for employment, as more affordable single-family home prices attract households and individuals to the area. Vallejo is the most populated city, followed by Fairfield, each close to 120,000 residents.

FOR SALE DETAILS

PRICE

$4,225,000 USD

PRICE/SF

$309 USD /SF

CAP RATE

5.7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Meineke Absolute NNN Leaseback

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

1.32 AC

LAND SF

57,499 SF

ZONING

Commercial

APN/PARCEL ID

0152-290-040

ASK ABOUT THIS PROPERTY

Ani PaulsonMarcus & MillichapMore Info
678-808-2804

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Ani PaulsonMarcus & MillichapMore Info
678-808-2804

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.