Vista Crossings 751-775 E Monte Vista Ave

Marcus & Millichap proudly presents this value-add multi-tenant investment opportunity in Vacaville, California. This 15,757 square-foot retail property is situated within the bustling Vista Crossing Shopping Mall, boasting 11 suites and constructed in 1989. Currently 80% leased with a well-diversified tenant mix, all on NNN leases, the property ensures a stable income stream with future upside from additional tenants.
Strategically positioned on East Monte Vista Ave (20,000+ VPD) and Depot Street (15,770+ VPD), the property benefits from high traffic and visibility along one of Vacaville's busiest thoroughfares. Interstate I-80, located less than a half-mile away, facilitates convenient access for over 190,000 vehicles per day heading towards major markets like Sacramento and San Francisco.
The subject property presents a fantastic upside opportunity, with potential for a buyer to achieve above a 10% return through lease-ups and adjustments in rents. Currently, 80% occupied, the property offers the ability to increase income by filling vacant spaces. Additionally, four tenants are under the surrounding rental market rate on month-to-month leases, providing an opportunity to adjust rents to fair market value shortly after acquisition.
Vacaville, CA, boasts a thriving commercial market thanks to its prime location, modern infrastructure, and supportive business environment. Positioned between San Francisco and Sacramento, Vacaville offers easy access to major transportation routes and regional markets. With streamlined permitting processes and a skilled workforce, the city welcomes businesses across various sectors, from retail to technology.