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.
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Contacts
Putnam Daily
Vahe Nokhoudian
Lindsey Snider
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2855 Auto Mall Pkwy, Fairfield, California, 94533
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
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2855 Auto Mall Pkwy
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