1624 Fairgrounds DrVallejo, CA 94589

Property Details for 1624 Fairgrounds Dr

Year built

1988

Lot size

1.97 AC

Property size (Sq ft)

19,500 SF

Property type

Retail properties

Property subtype

Super regional malls

APN

0068-151-010

APU

68151010

Description

This exceptional retail opportunity is located in a well-established, grocery-anchored shopping center on Fairgrounds Drive. Two suites are currently available, offering flexible space options. Suite C/D encompasses 1,850 square feet, while Suite E/F provides 840 square feet. The property benefits from a highly desirable location with convenient access to State Highway 37 and Interstate 80, ensuring excellent visibility and accessibility for customers. Its proximity to major attractions further enhances its appeal; it's just a half-mile from the popular Six Flags Discovery Kingdom theme park and the Solano County Fairgrounds, guaranteeing a substantial flow of foot traffic and potential customers. The lack of significant retail competition within a three-mile radius presents a unique advantage, minimizing direct competition and maximizing market share potential. The property is offered at a competitive rate of $0.90 per square foot, triple net (NNN). This presents a compelling investment opportunity for businesses seeking a prime location with high visibility and minimal competition in a thriving area. The available space is ideal for a variety of retail uses, making it a versatile option for prospective tenants. Contact us today to learn more about this exceptional retail space.

• CAP approach

  CAP return

  Valuation

  6%

  $8,678,193

  6.5%

  $8,010,640

  7%

  $7,438,452

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,349,897

  Geo Method

  $13,705,637

• Alternative Use

  Use

  Valuation

  Residential

  $6,757,274

  Hospitality

  $6,189,627

  Educational

  $5,149,697

  Medical

  $5,326,803

  Retail

  $8,010,640

Location Insight

City

Vallejo

County

Solano

State

California

Latitude

38.1459

Longitude

-122.235

CBSA code

46700

CBSA name

VALLEJO-FAIRFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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