Meineke Absolute NNN Leaseback 1525 Holiday Ln

The AP Group of Marcus & Millichap is pleased to present the opportunity to acquire the multitenant auto center located at 1525 Holiday Ln, Fairfield, CA. Located just off Interstate-80 within the greater San Francisco-Sacramento MSA, the subject property consists of two buildings totaling 18,528 square-feet which rest on 1.32 acres. The entire property is currently master leased to a top-performing Meineke franchisee, operating in 23 locations across four states. The tenant will enter an absolute NNN 5-year sale leaseback with two, 5-year options and 10% increases every five years. The subject property is well positioned in a dense retail corridor at the Travis Blvd intersection, and is surrounded by national retailers such as Burger King, BevMo!, Dollar Tree, Taco Bell, amongst others.
Solano County is located between San Francisco, Oakland, and Sacramento, and is situated within the Napa Valley and Suisun Valley wine regions. As such, the county is adorned with numerous wineries, contributing to the area’s vibrant agricultural scene that also includes the cultivation of crops like tomatoes, prunes, and walnuts. Interstate 80 traverses the region, and port access is available in Benicia, supporting a number of industrial parks that are scattered throughout the county and offer lower costs than larger, nearby metros. Solano County is also home to Travis Air Force Base, a major military instillation known for its strategic airlift capabilities and logistical support. Beyond contributing to the nation’s defense and providing critical aid in disaster response, Travis Air Force base is also a source for local employment opportunities. Other households commute out of the county for employment, as more affordable single-family home prices attract households and individuals to the area. Vallejo is the most populated city, followed by Fairfield, each close to 120,000 residents.