3060 Travis BlvdFairfield, CA 94534

Property Details for 3060 Travis Blvd

Year built

1978

Lot size

1.04 AC

Property size (Sq ft)

10,807 SF

Property type

Retail space

APN

0152-280-150

APU

152280150

Description

This exceptional investment opportunity presents a 10,800 sq ft Dollar Tree in Fairfield, CA, on a 1.04-acre lot with 50 parking spaces. Built in 1978 and renovated in 2015, the property boasts a 15-year Net Lease (NN+) with a credit-rated corporate guarantor, expiring June 30, 2030, with a remaining term of 5.6 years. The lease includes 7.5% rent bumps every five years and one 5-year option. The property generates a strong NOI of $132,300, with a price per square foot of $268.52. Located in a high-traffic retail area near Travis Air Force Base and surrounded by numerous national brands and residential areas, this property offers significant upside potential. The property is zoned CC: Community Commercial District and preliminary discussions with Fairfield Planning suggest potential for subdivision, subject to zoning and easement considerations, requiring tenant approval. This fee-simple ownership offers a hands-off, passive income stream with limited landlord responsibilities (roof and structure). The tenant, Dollar Tree, is responsible for common area maintenance (CAM), creating a highly attractive investment opportunity in a rapidly growing area. The property's location within Fairfield's thriving commercial district, coupled with the long-term lease and built-in rent increases, makes this a compelling investment prospect. The property's strong tenant, prime location, and potential for future development combine to create a unique opportunity for significant returns.

• CAP approach

  CAP return

  Valuation

  6%

  $4,243,680

  6.5%

  $3,917,250

  7%

  $3,637,440

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,831,630

  Geo Method

  $1,604,740

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $7,683,170

  Mixed-Use / Specialty

  $3,885,440

  Hospitality / Lodging

  $2,827,390

  Office

  $3,843,770

  Institutional / Educational

  $4,032,910

  Residential Income

  $4,718,500

  Multifamily

  $5,758,050

  Automotive / Energy

  $3,456,780

  Parking / Income-Based Land

  $1,210,520

  Restaurant / Food Service

  $1,982,760

  Healthcare / Senior Housing

  $4,002,740

Location Insight

City

Fairfield

County

Solano

State

California

Latitude

38.2595

Longitude

-122.067

CBSA code

46700

CBSA name

VALLEJO-FAIRFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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