2855 Auto Mall Pky - Auto Dealership FOR SALE


Fairfield, CA 94533
$21,746,000 USD
310-550-2672
2855 Auto Mall Pky, Fairfield, CA for Sale
$21,746,000 USD
Auto Dealership - FOR SALE
1/6
null | 6% Cap Rate

2855 Auto Mall Pky
Fairfield, CA 94533


HIGHLIGHTS

  • Long-Term Absolute NNN Lease – 100% Absolute NNN leased to Schomp Automotive Group (21 years remaining)
  • Strong Lease Guarantee – The lease is guaranteed by Schomp Automotive and its partners
  • Secure Income Stream – VW of Fairfield & Audi Napa Valley benefits from built-in rent increases of 2.5%
  • Highly Desirable Location – Situated on ±4.23 AC, centrally located immediately off the CA Interstate 80 (±203,418 CPD) in the heart of Solano County

OVERVIEW

* Long-Term Absolute NNN Lease – 100% Absolute NNN leased to Schomp Automotive Group (21 years remaining). Schomp Automotive is a well-established dealership group with a 77-year history operating 12 dealership locations across three states including BMW, Hyundai, Mercedes-Benz, Honda, and Porsche dealerships to name a few. * Strong Lease Guarantee – The lease is guaranteed by Schomp Automotive and its partners. Given the guarantors’ strong overall financial performance, company size, and history of operating successful dealership franchises across different states, this is a tangible benefit that adds a significant safety net to the lease. Furthermore, the tenant has committed to the upkeep of the site investing $5 million into this location recently to renovate and meet dealership image compliance standards. * Secure Income Stream – In addition to the strength of its franchisee and long term NNN lease, VW of Fairfield & Audi Napa Valley benefits from built-in rent increases of 2.5% Annually equating to a $324,713 growth in NOI over the anticipated hold period and provides a beneficial hedge against inflation. * Highly Desirable Location – VW of Fairfield & Audi Napa Valley are situated on ±4.23 acres, centrally located immediately off the CA Interstate 80 (±203,418 CPD) in the heart of Solano County. This location at the Fairfield Auto Mall makes it easily accessible to the remainder of the city of Fairfield and a destination for the residents of the surrounding Vallejo Metropolitan Area (±459,205) looking to purchase an automobile.

FOR SALE DETAILS

PRICE

$21,746,000 USD

PRICE/SF

$750 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

VOLKSWAGEN OF FAIRFIELD & AUDI NAPA VALLEY

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

ADD'L SUBTYPES

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

324

LAND DETAILS

LAND ACRES

4.23 AC

LAND SF

184,259 SF

ZONING

COMMERCIAL

APN/PARCEL ID

0028-123-030

ASK ABOUT THIS PROPERTY

310-550-2672

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310-550-2672

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