1450 Travis Blvd | Fairfield, CA 94533
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1450 Travis Blvd
Fairfield, CA 94533
Retail Property For Sale
Investment Highlights
- NATIONAL TENANT LINE UP | STARBUCKS (S&P: BBB+), JAMBA (75 UNIT FRANCHISEE), JOLLIBEE ($4.47 BILLION MKT CAP)
- RECENT 10-YEAR LEASES ON STARBUCKS & JOLLIBEE | 6.0 YEARS OF WEIGHTED AVERAGE LEASE TERM PLUS RENEWAL OPTIONS
- OUTPARCEL TO SUPER REGIONAL MALL SOLANO TOWN CENTER (1,050,000 SF)
- FREESTANDING 2-STORY BUILDING WITH STARBUCKS DRIVE-THRU | STRONG UNIT-LEVEL PERFORMANCE
- SCHEDULED RENTAL INCREASES | PASSIVE NET LEASE STRUCTURES
- SPINOSO REAL ESTATE GROUP ACQUIRED SOLANO TOWN CENTER IN OCT 2023 WITH PLANS FOR A MIXED-USE REDEVELOPMENT
Executive Summary
Newmark, as an exclusive advisor, is pleased to present the opportunity to acquire a three (3) tenant, net leased property occupied by Starbucks, Jamba, and Jollibee in Fairfield, CA.
PROPERTY FACTS Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
14,604 SF
Building Class
C
Year Built
1980
Price
$7,777,908 CAD
Price Per SF
$533 CAD
Cap Rate
6%
NOI
$466,667 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.24
Lot Size
1.37 AC
Zoning
CR
Parking
35 Spaces (6.35 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 0033-240-040 | Improvements Assessment | $5,661,069 CAD |
| Land Assessment | $1,686,352 CAD | Total Assessment | $7,347,421 CAD |
PROPERTY TAXES
Parcel Number
0033-240-040
Land Assessment
$1,686,352 CAD
Improvements Assessment
$5,661,069 CAD
Total Assessment
$7,347,421 CAD
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