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1525 Holiday Ln
Fairfield, CA 94534
Retail Property For Sale
Investment Highlights
- Absolute NNN Sale Leaseback | Prime Passive Investment Opportunity with Zero Landlord Responsibilities
- Long-Term Lease with Built-In Rent Growth | 10-Year Master Lease | 10% Rental Increases Every 5 Years to Hedge Against Inflation | Two, 5-Year Options
- Excellent Visibility & Access via I-80 (193,000+ VPD) | Situated at the Intersection of Holiday Ln at the Travis Blvd
- Strong National Brand with Over 1,470 Locations | E-Commerce & Recession Proof Tenant | Top-Performing Franchisee with 23 Locations Across Four States
- National Retailers in the Immediate Surrounding Area Include Starbucks, Burger King, BevMo!, Dollar Tree, Taco Bell
- High-Growth Area with Proximity to Major Metropolitans | Less than 40 Miles to Sacramento & Less than 46 Miles to San Francisco
Executive Summary
Northmarq National Sale Leaseback Group is pleased to present to qualified investors the opportunity to acquire the fee simple interest in the Meineke Car Care Center, located at 1525 Holiday Lane in Fairfield, California. Located with excellent visibility from Interstate 80, the property rests in the greater San Francisco-Sacramento MSA and consists of two buildings totaling 18,528 square feet. The entire property is currently master leased to a top-performing Meineke franchisee, operating in 23 locations across four states. The franchisee occupies the primary service facility and subleases additional space on the property to other in-place tenants, providing additional rental income and long-term upside potential. The tenant will enter an absolute NNN, 10-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, and Taco Bell, amongst others.
In Association With:
Ronnie Givargis
CA Broker #01363135
In Association With:
Ronnie Givargis
CA Broker #01363135
Property Facts
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
18,528 SF
Building Class
C
Year Built
1978
Price
$5,512,515 CAD
Price Per SF
$297.52 CAD
Cap Rate
6%
NOI
$330,701 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.32
Lot Size
1.32 AC
Zoning
C - Commercial
Parking
33 Spaces (1.78 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 0152-290-040 | Improvements Assessment | $2,039,824 CAD |
| Land Assessment | $874,209 CAD | Total Assessment | $2,914,033 CAD |
Property Taxes
Parcel Number
0152-290-040
Land Assessment
$874,209 CAD
Improvements Assessment
$2,039,824 CAD
Total Assessment
$2,914,033 CAD
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