1598 Fairgrounds Dr - Fast Food FOR SALE


Vallejo, CA 94589
$2,224,000 USD
510-289-1166
1598 Fairgrounds Dr, Vallejo, CA for Sale
$2,224,000 USD
Fast Food - FOR SALE
1/4
null | 4.5% Cap Rate

1598 Fairgrounds Dr
Vallejo, CA 94589


HIGHLIGHTS

  • 10-Year Absolute NNN Ground Lease to Dutch Bros Coffee (NYSE: BROS)
  • 10% Rent Increases Every 5 Years and at Options Providing a Hedge Against Inflation
  • Zero Landlord Responsibilities
  • Strong Performing Location, Top 8% Dutch Bros Location Nationwide by Annual Visits (per Placer.ai)
  • Signalized Hard Corner Location with Multiple Access Points, Well Located to Capture Daytime Demand
  • Convenient Freeway Access Less than Half a Mile from CA-37 (103,000 ADT), Halfway Between I-80 (133,000 ADT) and CA-29 (47,000 ADT)

OVERVIEW

The subject property is prominently located at the signalized hard-corner intersection of Fairgrounds Drive and Gateway Drive (32,989 combined ADT), adjacent to the Hampton Inn Vallejo. The site offers excellent regional accessibility, positioned less than half a mile from CA-37 (103,000 ADT) and situated midway between Interstate 80 (133,000 ADT)—connecting Vallejo to the San Francisco Bay Area to the south and Sacramento to the north—and CA-29 (47,000 ADT). It is also less than half a mile from Six Flags Discovery Kingdom, which attracts approximately 1.2 million visitors annually and employs 1,300 staff, as well as the Solano County Fairgrounds, two of the area’s major traffic drivers.

FOR SALE DETAILS

PRICE

$2,224,000 USD

PRICE/SF

$2,341 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dutch Bros Coffee Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.73 AC

LAND SF

31,790 SF

ZONING

-

APN/PARCEL ID

0068-171-160

ASK ABOUT THIS PROPERTY

Putnam DailyFisher James CapitalMore Info
510-289-1166

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Putnam DailyFisher James CapitalMore Info
510-289-1166

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.