Volkswagen of Fairfield | 2855 Auto Mall Pky
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Volkswagen of Fairfield 2855 Auto Mall Pky
29,006 SF Retail Building Fairfield, CA 94533 $22,000,000 ($758/SF) 5.65% Cap Rate
Investment Highlights
- Rare Infill Single Tenant Investment Opportunity Located Between San Francisco and Sacramento
- Long Term Absolute NNN Lease with 23 Years Remaining
- Prominent “Auto Row” Location situated on 4.23 Acres off Interstate 80 (207,900 AADT)
- Guaranteed by Schomp Automotive Group - Established Auto Dealership Operator with 77 Year Operational History
- Tenant Recently Invested over $5 Million into Property as Part of VW OEM Approval and Renovation
- Robust, Affluent Bay Area Demographics with Exceptional Purchasing Power
Executive Summary
The subject property is prominently located with excellent access and visibility along Auto Mall Parkway (5,680 AADT) with frontage along the I-80 arterial (207,900 AADT) and adjacent to its junction with Highway 12 (46,000 AADT). The site benefits from robust, affluent demographics with a population of 528,663 and average household income of $132,773 within a 15 mile radius. Average home value within fifteen miles of the site exceeds $719,519.
The property benefits from a prominent retail location within Fairfield’s “Auto Row” adjacent to a major arterial, numerous shopping centers, and major retail tenants. In addition, the property is located less than half a mile from the Jelly Belly Candy Company’s Fairfield facility, Fairfield’s 7th-largest employer with a staff of nearly 500. Other major employers adjacent to the property include Anheuser-Busch, Guittard Chocolate, Calbee North America, Bimbo Bakeries USA, Sutter Health, AT&T, and more.
The property benefits from a prominent retail location within Fairfield’s “Auto Row” adjacent to a major arterial, numerous shopping centers, and major retail tenants. In addition, the property is located less than half a mile from the Jelly Belly Candy Company’s Fairfield facility, Fairfield’s 7th-largest employer with a staff of nearly 500. Other major employers adjacent to the property include Anheuser-Busch, Guittard Chocolate, Calbee North America, Bimbo Bakeries USA, Sutter Health, AT&T, and more.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
29,006 SF
Building Class
C
Year Built
2006
Price
$22,000,000
Price Per SF
$758
Cap Rate
5.65%
NOI
$1,241,916
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
4.23 AC
Zoning
COMMERCIAL
Frontage
286 FT on Auto Mall Pky
Amenities
- Car Charging Station
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0028-123-030 | Improvements Assessment | $8,924,151 |
| Land Assessment | $5,577,594 | Total Assessment | $14,501,745 |
PROPERTY TAXES
Parcel Number
0028-123-030
Land Assessment
$5,577,594
Improvements Assessment
$8,924,151
Total Assessment
$14,501,745
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Volkswagen of Fairfield | 2855 Auto Mall Pky
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