751-775 E Monte Vista Ave - Supermarket FOR SALE


Vacaville, CA 95688
$3,450,000 USD
916-813-2443
751-775 E Monte Vista Ave, Vacaville, CA for Sale
$3,450,000 USD
Supermarket - FOR SALE
1/8
null | 6.53% Cap Rate

751-775 E Monte Vista Ave
Vacaville, CA 95688


HIGHLIGHTS

  • Rare Value Add opportunity in Vacaville Pro-Forma Cap Rate Above 10%
  • Recent Capital Improvements, the roof and HVAC systems have both been replaced in the past 5 years
  • Anchored by a full-service grocery store since 1989, Vista Crossings attracts over 480,000 visitors each year
  • Offering excellent accessibility, the property features four ingress/egress points, including dedicated left-turn access off of East Monte Vista Ave
  • Strategically positioned just off I-80 at the intersection of E Monte Vista Ave and Depot St, Vista Crossing boasts excellent retail visibility
  • All tenants are on NNN leases tenants pay for property tax, insurance, and common area maintenance

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,450,000 USD

PRICE/SF

$219 USD /SF

CAP RATE

6.53%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Vista Crossings

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

ADD'L SUBTYPES

Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.95 AC

LAND SF

84,942 SF

ZONING

-

APN/PARCEL ID

0130-030-350

ASK ABOUT THIS PROPERTY

Michael GrandstaffMarcus & MillichapMore Info
916-813-2443

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

Michael GrandstaffMarcus & MillichapMore Info
916-813-2443

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