2160 N Texas St - Auto Repair FOR SALE


Fairfield, CA 94533
$7,236,000 USD
503-946-4913
2160 N Texas St, Fairfield, CA for Sale
$7,236,000 USD
Auto Repair - FOR SALE
1/6
null | 5.3% Cap Rate

2160 N Texas St
Fairfield, CA 94533


HIGHLIGHTS

  • Brand New, Long-Term NNN Lease – Les Schwab proposes a 20-year NNN lease with 6 additional 5-year renewal options
  • Scheduled Rental Increases – The lease implements 10% rental increases every 5 years
  • Close to Major Government Employer – Under 5 miles away from Travis Air Force Base

OVERVIEW

* Brand New, Long-Term NNN Lease – Les Schwab proposes a 20-year NNN lease with 6 additional 5-year renewal options, demonstrating the tenant’s strong commitment to this location while offering the most secure form of real estate investment * Les Schwab Tires is one of the largest independent tire dealers in the US, with +500 locations across the Western US and +7,000 employees. Generating more than $2B in annual revenue * Scheduled Rental Increases – The lease implements 10% rental increases every 5 years, an attractive investment attribute providing significant income growth and a strong hedge against inflation * Close to Major Government Employer – Under 5 miles away from Travis Air Force Base and directly in line with the primary commute route for many of the ±26,000 assigned personnel * Complimentary Trade Area – Well located within a primary retail hub of Fairfield, benefiting from a synergistic mix of surrounding retailers including Grocery Outlet, AutoZone, Food 4 Less, 7-Eleven, McDonald’s, Chevron, CVS, Starbucks and many more

FOR SALE DETAILS

PRICE

$7,236,000 USD

PRICE/SF

$419 USD /SF

CAP RATE

5.3%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.7 AC

LAND SF

74,052 SF

ZONING

COMMERCIAL

APN/PARCEL ID

0034-150-390

ASK ABOUT THIS PROPERTY

Wes BochnerCBREMore Info
503-946-4913

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Wes BochnerCBREMore Info
503-946-4913

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