For Sale
$4,085,000

1730 Travis BlvdFairfield, CA 94533

High-yield Net Lease Restaurant Investment

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 7,520 square foot Chevys Fresh Mex restaurant in Fairfield, CA, on a 1.72-acre lot with 99 parking spaces. The property boasts a strong 7.00% cap rate and a substantial net operating income (NOI) of $286,000. Built in 1989 and renovated in 2017, the restaurant benefits from a triple-net (NN) lease with a remaining term of 3.2 years, followed by two five-year options with 10% rent bumps at each option period. The tenant, Chevys Fresh Mex, is a well-established subsidiary of Xperience Restaurant Group, a leading casual and fine dining operator. The property enjoys a prime location on Travis Blvd., adjacent to Interstate 80 (212,000 daily vehicles) and the Solano Town Center Mall (134 stores and restaurants). This vibrant retail area also includes numerous national brands such as Chick-fil-A, Panera Bread, and PetSmart. The property's large lot size offers significant future redevelopment potential. The strong demographics, with over 125,000 residents within a five-mile radius and over 5,900 households within one mile, further enhance the investment's appeal. The property's proximity to major metropolitan areas like Sacramento and San Francisco, along with the nearby Jelly Belly Factory, adds to its overall desirability. The APN is 0033-250-050, 0033-250-040, 0033-230-900. Asking price is $4,085,000.

Highlights

  • Strong tenant: Chevys Fresh Mex, part of XRG, a leading restaurant group.
  • Lease: 3.3 years remaining, plus two 5-year options with 10% rent increases.
  • Lease Structure: Double Net (NN) with some landlord responsibilities.
  • Large Lot: 1.72-acre lot with redevelopment potential.
  • Strong Demographics: 125,180 residents within 5 miles, 5,900+ households within 1 mile.
  • High Traffic Location: Adjacent to I-80 (212,000 cars/day) and Solano Town Center Mall (1M sq ft).

Property Details for 1730 Travis Blvd

Property type
Retail properties, Restaurants
Square Feet
7,520 SF
Year Built/Renovated
1989/2017
Lot Size (sq. ft)
74,923 SF

Location Insight

City
Fairfield
County
Solano
State
California
Latitude
38.258950500085
Longitude
-122.05934110274
1730 Travis Blvd, Fairfield, California

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1730 Travis Blvd
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