For Sale
$1,300,000

1919 Peabody Rd Vacaville, CA 95687

Net-Leased Pad Building, High Traffic

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a 4,620 square foot, single-tenant net-leased retail building located at 1919 Peabody Rd, Vacaville, CA 95687. The property, built in 1992 and situated on a 0.53-acre lot (23,261 sq ft, APN 0132-320-320), is part of a grocery-anchored shopping center featuring a Lucky Supermarket and The Learning Experience, ensuring high visibility and foot traffic. Currently, the main space is 100% occupied by Forgotten Path Games under a NNN lease expiring February 28, 2027, with a five-year renewal option. An additional ATM space is leased to Wells Fargo, a long-term tenant (over 20 years) with a lease extending to April 2025 and two five-year renewal options. The property boasts a strong financial profile, with an asking price of $1,300,000, a price per square foot of $281.39, a 6.43% cap rate, and a current NOI of $83,620. The location benefits from significant daily traffic counts exceeding 40,000 vehicles along Alamo Drive and Peabody Road. Vacaville's robust and diverse economy, including government, healthcare, manufacturing, retail, and business services, further enhances the investment potential. The lease commencement date for the primary tenant was November 1, 2021, leaving approximately 2.3 years remaining on the current lease term. This property offers a compelling combination of strong tenancy, favorable lease terms, and a prime location within a thriving community.

Highlights

  • Freestanding retail building in a grocery-anchored shopping center.
  • NNN lease with Forgotten Path Games through February 2027, with a five-year option.
  • ATM lease with Wells Fargo through April 2025, with two five-year options.
  • Wells Fargo has occupied the ATM space for over 20 years.
  • Over 40,000 vehicles per day on nearby Alamo Drive and Peabody Road.
  • Vacaville boasts a diverse economy including government, healthcare, and retail sectors.

Property Details for 1919 Peabody Rd

Property type
Lifestyle centers, Power centers
Square Feet
4,620 SF
Year Built
1992

Location Insight

City
Vacaville
County
Solano
State
California
Latitude
38.3373124
Longitude
-121.9699285

FAQs

What type of property is this?
Lifestyle center - Net-Leased Pad Building, High Traffic
Where is the lifestyle center located?
The property is located at 1919 Peabody Rd Vacaville, CA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Freestanding retail building in a grocery-anchored shopping center.; NNN lease with Forgotten Path Games through February 2027, with a five-year option.; ATM lease with Wells Fargo through April 2025, with two five-year options.
How can I contact the broker?
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1919 Peabody Rd
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