1700 1St StDixon, CA 95620

Property Details for 1700 1St St

Year built

2007

Lot size

1.85 AC

Property size (Sq ft)

20,041 SF

Property type

Super regional malls

APN

0111-090-980

APU

111090980

Description

This exceptional 20,000-square-foot shopping center in Dixon, CA, presents a compelling investment opportunity. Boasting a 100% occupancy rate with four tenants, including a Dollar Tree, the property features NNN leases with staggered expirations and built-in annual rent increases, ensuring a stable and growing income stream. The center's strong NOI of $252,676 yields a 6.16% cap rate and a pro-forma cap rate of 6.20%, making it an attractive addition to any portfolio. Situated on a 1.84-acre lot at 1700 N 1st St (19,000 vehicles per day), this Class B property benefits from high visibility and convenient access to Interstate 80 (135,000 vehicles per day), placing it within Dixon's busiest retail corridor. The property's strategic location is further enhanced by its proximity to numerous national retailers, including Walmart, Tractor Supply, and others. A significant advantage is the new Lincoln Square mixed-use development directly across the street, adding 186 single-family homes and further boosting the area's growth and retail traffic. Built in 2007, this single-story building is zoned CS-Service Commercial and offers a compelling below-replacement-cost price of $205 per square foot. The property's tenant mix includes franchisees backed by corporate guarantees, providing additional security. This is a rare opportunity to acquire a stabilized, multi-tenant retail center in a thriving California market. The asking price is $4,100,000.

• CAP approach

  CAP return

  Valuation

  6%

  $3,766,820

  6.5%

  $3,477,070

  7%

  $3,228,710

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,975,910

  Geo Method

  $2,975,910

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $6,679,740

  Mixed-Use / Specialty

  $3,505,440

  Hospitality / Lodging

  $2,624,900

  Office

  $3,527,070

  Institutional / Educational

  $3,658,810

  Residential Income

  $4,280,810

  Multifamily

  $4,908,170

  Automotive / Energy

  $3,136,120

  Parking / Income-Based Land

  $1,041,960

  Restaurant / Food Service

  $1,910,210

  Healthcare / Senior Housing

  $3,552,960

Location Insight

City

Dixon

County

Solano

State

California

Latitude

38.4625

Longitude

-121.822

CBSA code

46700

CBSA name

VALLEJO-FAIRFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].