1919 Peabody RdVacaville, CA 95687

Property Details for 1919 Peabody Rd

Year built

1992

Lot size

0.53 AC

Property size (Sq ft)

4,715 SF

Property type

Retail space

APN

0132-320-320

APU

132320320

Description

This exceptional investment opportunity presents a 4,620 square foot, single-tenant net-leased retail building located at 1919 Peabody Rd, Vacaville, CA 95687. The property, built in 1992 and situated on a 0.53-acre lot (23,261 sq ft, APN 0132-320-320), is part of a grocery-anchored shopping center featuring a Lucky Supermarket and The Learning Experience, ensuring high visibility and foot traffic. Currently, the main space is 100% occupied by Forgotten Path Games under a NNN lease expiring February 28, 2027, with a five-year renewal option. An additional ATM space is leased to Wells Fargo, a long-term tenant (over 20 years) with a lease extending to April 2025 and two five-year renewal options. The property boasts a strong financial profile, with an asking price of $1,300,000, a price per square foot of $281.39, a 6.43% cap rate, and a current NOI of $83,620. The location benefits from significant daily traffic counts exceeding 40,000 vehicles along Alamo Drive and Peabody Road. Vacaville's robust and diverse economy, including government, healthcare, manufacturing, retail, and business services, further enhances the investment potential. The lease commencement date for the primary tenant was November 1, 2021, leaving approximately 2.3 years remaining on the current lease term. This property offers a compelling combination of strong tenancy, favorable lease terms, and a prime location within a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $886,212

  6.5%

  $818,042

  7%

  $759,610

• Comparable approach

  Method

  Valuation

  Relative Method

  $700,136

  Geo Method

  $700,136

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,571,530

  Mixed-Use / Specialty

  $824,716

  Hospitality / Lodging

  $617,555

  Office

  $829,806

  Institutional / Educational

  $860,800

  Residential Income

  $1,007,140

  Multifamily

  $1,154,730

  Automotive / Energy

  $737,829

  Parking / Income-Based Land

  $245,140

  Restaurant / Food Service

  $449,410

  Healthcare / Senior Housing

  $835,896

Location Insight

City

Vacaville

County

Solano

State

California

Latitude

38.3373

Longitude

-121.97

CBSA code

46700

CBSA name

VALLEJO-FAIRFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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