765 Sereno Dr - Storefront FOR SALE


Vallejo, CA 94589- West Vallejo
$5,968,918 USD
415-699-6540
765 Sereno Dr, Vallejo, CA for Sale
$5,968,918 USD
Storefront - FOR SALE
1/5
null | 6.1% Cap Rate

765 Sereno Dr
Vallejo, CA 94589
West Vallejo


HIGHLIGHTS

  • Absolute NNN lease structure with no landlord obligations, offering passive income.
  • Corporate guarantee from Tawa Supermarket, Inc., a $5 billion revenue grocery operator.
  • Scheduled 10% rent increases every five years to hedge inflation and boost asset value.
  • Located near Interstate 80 and State Route 37, ensuring convenient access throughout the Bay Area.
  • Positioned within a dense retail trade area featuring Walmart, Safeway, Lowe’s, and Costco.
  • Serves an essential retail category with strong, e-commerce resistant consumer demand.

OVERVIEW

This fully leased single-tenant retail property at 765 Sereno Drive presents a secure investment anchored by 168 Market, a grocery concept under Tawa Supermarket, Inc.—operator of the 99 Ranch Market banner. The asset benefits from an Absolute NNN lease structure, eliminating landlord responsibilities and providing truly passive income. Current base rent of $360,000 includes scheduled 10% escalations every five years, creating a stable and predictable growth trajectory. The tenant's corporate guarantor, Tawa Supermarket, Inc., operates over 65 locations nationwide and generates approximately $5 billion in annual revenue, reflecting significant financial stability. Positioned on a 2.57-acre parcel with strong frontage along Sereno Drive in Vallejo, the property enjoys strong consumer traffic and excellent regional connectivity. Vallejo’s location in the northeast Bay Area, proximal to Interstate 80 and State Route 37, offers easy access to San Francisco, Oakland, and Sacramento, appealing to both local and regional customers. This offering provides a compelling opportunity to acquire an internet-resistant, essential-use grocery tenant with zero owner obligations and long-term income security.

FOR SALE DETAILS

PRICE

$5,968,918 USD

PRICE/SF

$212 USD /SF

CAP RATE

6.1%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Strategic Retail Location in Vallejo, CA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

80

LAND DETAILS

LAND ACRES

2.57 AC

LAND SF

111,949 SF

ZONING

-

APN/PARCEL ID

0052-180-090

ASK ABOUT THIS PROPERTY

James ChungThe Econic CompanyMore Info
415-699-6540

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James ChungThe Econic CompanyMore Info
415-699-6540

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