For Sale
$2,900,000

3060 Travis Blvd Fairfield, CA 94534

Fairfield, CA Retail Property - High ROI

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a 10,800 sq ft Dollar Tree in Fairfield, CA, on a 1.04-acre lot with 50 parking spaces. Built in 1978 and renovated in 2015, the property boasts a 15-year Net Lease (NN+) with a credit-rated corporate guarantor, expiring June 30, 2030, with a remaining term of 5.6 years. The lease includes 7.5% rent bumps every five years and one 5-year option. The property generates a strong NOI of $132,300, with a price per square foot of $268.52. Located in a high-traffic retail area near Travis Air Force Base and surrounded by numerous national brands and residential areas, this property offers significant upside potential. The property is zoned CC: Community Commercial District and preliminary discussions with Fairfield Planning suggest potential for subdivision, subject to zoning and easement considerations, requiring tenant approval. This fee-simple ownership offers a hands-off, passive income stream with limited landlord responsibilities (roof and structure). The tenant, Dollar Tree, is responsible for common area maintenance (CAM), creating a highly attractive investment opportunity in a rapidly growing area. The property's location within Fairfield's thriving commercial district, coupled with the long-term lease and built-in rent increases, makes this a compelling investment prospect. The property's strong tenant, prime location, and potential for future development combine to create a unique opportunity for significant returns.

Highlights

  • 10,800 SF Dollar Tree on a 1.04-acre lot with 50 parking spaces in Fairfield, CA.
  • 15-year Net Lease (NN+) with a credit-rated corporate guarantor, expiring June 30, 2030, including 7.5% rent bumps every five years and one 5-year option.
  • Strong NOI of $132,300 and a price per square foot of $268.52.
  • Limited landlord responsibilities (roof and structure); tenant responsible for CAM.
  • Located in a high-traffic retail area near Travis Air Force Base.
  • Potential for future subdivision, subject to zoning and easement considerations, requiring tenant approval.

Property Details for 3060 Travis Blvd

Property type
Retail properties, Retail space
Square Feet
10,800 SF
Year Built/Renovated
1978/2015
Buildings
1
Stories
1
Lot Size (sq. ft)
45,302 SF
Units
1

Location Insight

City
Fairfield
County
Solano
State
California
Latitude
38.259572
Longitude
-122.0667884

FAQs

What type of property is this?
Retail property - Fairfield, CA Retail Property - High ROI
Where is the retail property located?
The property is located at 3060 Travis Blvd Fairfield, CA.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: 10,800 SF Dollar Tree on a 1.04-acre lot with 50 parking spaces in Fairfield, CA.; 15-year Net Lease (NN+) with a credit-rated corporate guarantor, expiring June 30, 2030, including 7.5% rent bumps every five years and one 5-year option.; Strong NOI of $132,300 and a price per square foot of $268.52.
How can I contact the broker?
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3060 Travis Blvd
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