For Sale
$22,000,000

2855 Auto Mall PkwyFairfield, CA 94533

High-yield NNN lease, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 29,006 square foot Volkswagen dealership situated on a 4.23-acre lot at 2855 Auto Mall Pkwy, Fairfield, CA 94533. The property boasts a prominent location within Fairfield's "Auto Row," benefiting from excellent visibility and access along Auto Mall Parkway (5,680 AADT), I-80 (207,900 AADT), and Highway 12 (46,000 AADT). The site is supported by strong demographics, with a 15-mile radius encompassing a population of 528,663 and an average household income exceeding $132,773. Average home values within this radius surpass $719,519, indicating significant purchasing power. The property's strategic location is further enhanced by its proximity to major employers, including Jelly Belly Candy Company, Anheuser-Busch, Guittard Chocolate, and others. This single-tenant, net-lease property features a 25-year lease (commencing May 6, 2022, and expiring May 5, 2047), with 22.5 years remaining. The lease includes 2.5% annual rent bumps, generating a substantial net operating income (NOI) of $1,241,916 and a 5.65% cap rate. The asking price is $22,000,000. The tenant, an established auto dealership operator with a 77-year history, recently invested over $5 million in property renovations as part of VW OEM approval. This presents a rare infill investment opportunity in a high-growth area between San Francisco and Sacramento.

Highlights

  • Rare infill single-tenant investment opportunity in Fairfield, CA, between San Francisco and Sacramento.
  • Guaranteed by Schomp Automotive Group, an established auto dealership operator with a 77-year history.
  • Long-term, absolute NNN lease with 22.5 years remaining; 2.5% annual rent increases.
  • Tenant recently invested over $5 million in property renovations.
  • Prominent Auto Row location on a 4.23-acre lot, with high traffic counts on I-80, Highway 12, and Auto Mall Parkway.
  • Strong demographics with high average household income and home values within a 15-mile radius.

Property Details for 2855 Auto Mall Pkwy

Property type
Retail properties, Auto shops
Square Feet
29,006 SF
Lot Size (sq. ft)
184,259 SF

Location Insight

City
Fairfield
County
Solano
State
California
Latitude
38.2421454
Longitude
-122.0811385
2855 Auto Mall Pkwy, Fairfield, California

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2855 Auto Mall Pkwy
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