1670 E Monte Vista Ave - Storefront FOR SALE


Vacaville, CA 95688
$8,421,000 USD
510-289-1166
1670 E Monte Vista Ave, Vacaville, CA for Sale
$8,421,000 USD
Storefront - FOR SALE
1/5
null | 5.5% Cap Rate

1670 E Monte Vista Ave
Vacaville, CA 95688


HIGHLIGHTS

  • 100% Leased to Diverse, Internet-Resistant Tenant Mix on Long-Term Leases Anchored by Investment Grade Tenant Xfinity
  • Attractive Scheduled Rental Escalations in Leases
  • All Restaurant Tenants have Demonstrated a Vibrant Pick Up/Delivery Business
  • Unobstructed Visibility Adjacent to I-80 Freeway (171,000 AADT) Provides Rare High Visibility Signage
  • Strong Co-Tenancy within the Nut Tree 96-Acre Mixed-Use Development
  • Nut Tree Shopping Center has Nearly Half a Mile of Freeway Frontage with Rare Direct On and Off Ramps into the Nut Tree from I-80

OVERVIEW

The subject property is prominently situated within the Nut Tree mixed-use freeway-adjacent development, which includes more than 399,000 square feet of retail space, 140,000 square feet of office space, 216 residential units, a 2-acre amusement park, and a 3.4 acre event center. The property has excellent access and visibility with frontage along I-80 (171,000 AADT) and dedicated freeway on- and off-ramps to the center. Between the Nut Tree, Vacaville Premium Outlets, and Lowe’s, the retail centers surrounding I-80/I-505 freeway interchange draw in excess of 6.5 million shoppers per year. The site benefits from robust demographics with a population of 259,014 within a 10-mile radius and average household income of $140,414 within a 5-mile radius. The property benefits from excellent co-tenancy within the Nut Tree retail center (4.7 million annual visits) and from close proximity to shopping centers and major retail tenants. Major tenants within the Nut Tree Center include HomeGoods, Cost Plus World Market, Best Buy, PetSmart, Nordstrom Rack, ULTA, Michael’s, Old Navy, BevMo, and more. In addition, the property neighbors the Vacaville Premium Outlets, a 120-store outlet center with 3.7 million annual visits and Vacaville Commons, with 6.6 million annual visits (per Placer.ai). Vacaville is the third-largest city in Solano County, located 55 miles from San Francisco and 35 miles from Sacramento. Vacaville has an ideal location at the intersection of Interstates 80 and 505, with three major airports (San Francisco, Oakland, and Sacramento International Airports) within a one-hour drive. Located in the center of the Northern California Metro area, which includes the San Francisco Bay Area and the Sacramento Region, Vacaville is able to draw beyond the local economy.

FOR SALE DETAILS

PRICE

$8,421,000 USD

PRICE/SF

$878 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Nut Tree Retail Shops

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Fast Food, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.32 AC

LAND SF

57,499 SF

ZONING

-

APN/PARCEL ID

0129-250-580

ASK ABOUT THIS PROPERTY

Putnam DailyFisher James CapitalMore Info
510-289-1166

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Putnam DailyFisher James CapitalMore Info
510-289-1166

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