851 Davis StVacaville, CA 95687
- Retail properties
- 2,325 SF
Property Details for 851 Davis St
- Year built
- 2023
- Lot size
- 0.62 AC
- Property size (Sq ft)
- 2,325 SF
- Property type
- Retail properties
- Property subtype
- Other retail properties
Description
This exceptional investment opportunity presents a 2,325 square foot, free-standing Chipotle restaurant located at 851 Davis St, Vacaville, CA 95687. Built in 2023, this property sits on a 0.62-acre lot and boasts a 14.8-year remaining lease term (commencing July 23, 2024 and expiring July 31, 2039) with a corporate guarantee from a Fortune 500 company. The net lease (NN+) structure provides a passive income stream with a current NOI of $159,000 and a 4.25% cap rate. The asking price is $3,742,000. The property benefits from 10% rent bumps every five years throughout the initial term and option periods. This prime location along Davis Street, a major Vacaville thoroughfare (15,100 AADT), offers exceptional visibility from Interstate 80 (196,400 AADT), capturing significant commuter traffic. The surrounding area features a strong retail corridor with national tenants such as Costco, WinCo Foods, McDonald's, and others, creating significant crossover shopping opportunities. The site's proximity to major community hubs and a large population base (131,704 residents within a five-mile radius with an average annual household income of $143,451) ensures a substantial and reliable customer base. Projected population and income growth within the surrounding area further enhances the long-term investment potential. This is a 1031 exchange eligible property.
Location Insight
- City
- Vacaville
- County
- Solano
- State
- California
- Latitude
- 38.3474
- Longitude
- -121.986
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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