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15959246
15959245

3060 Travis Blvd, Fairfield, CA 94534

MC
CA CA 01079185
andersenjung
JR
CA 01991746
andersenjung
Listed by andersenjung
$2,200,000
797 days on market
Updated 1 day ago

Established Dollar Tree | Extended at End of 2024!

Details
APN 0152-280-150
Property Type Retail
Sub Type Convenience Store, Storefront (+1)
Square Footage 10,800
Units 1
Cap Rate 6.34%
NOI $139,475
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar Tree
Lease Type NN+
Lease Term 15
Lease Expiration 06/30/2030
Remaining Term 4.1
Rent Bumps Yes
Lease Options One, 5-Year
Price per SqFt $204
Broker Co-Op Yes
Year Built 1978
Year Renovated 2015
Buildings 1
Stories 1
Acreage 1.040
Zoning CC: Community Commercial District
Parking Spaces 50 spaces
Parking Per SqFt 4.63
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 06/25/2015
Occupancy Date 06/25/2015
Ground Lease No
Ownership Fee Simple

Future Utopian Fairfield Location

Marketing description

ESTABLISHED DOLLAR TREE IN PRIME CA LOCATION.

Andersen, Jung & Co. is pleased to present the listing for a bustling Dollar Tree located at 3060 Travis Blvd in Fairfield, CA that recently exercised its next option at the end of 2024.

The property is comprised of 10,800 square feet and sits on over one acre of land with ample parking. Originally built in 1978, Dollar Tree renovated the property and signed a new 10-Year net lease in 2015 with Two, 5-Year Options and set rent increases at 7.5% every 5 years. Dollar Tree shares maintenance responsibilities with the neighboring Dutch Bros!

Fairfield is a booming and appreciating area with tons of development and government support. Fairfield is anchored by the highest trafficked Air Force Base in the continental United States, Travis Air Force Base.

Ideally located in a dense major retail trade area full of commercial properties such as Starbucks, Wendy’s, CVS, 7-Eleven, AutoZone, McDonald’s, Taco Bell, Burger King, Jack-In-The-Box, Macy’s, Walmart, and many more. It is also less than 20 minutes from Travis Air Force Base and surrounded by residential homes for increased traffic and visitors!

Huge upside potential for any property owner regardless of investment strategy with built-in and growing income on day one!

Investment highlights

  • Established Tenant Paying Rent for Immediate Profit on Day 1!
  • Landlord Responsibilities Limited to Roof and Structure!
  • CAM Expenses are Reimbursed by Tenant - Dutch Bros is Responsible for Management of CAM Creating a Hands-Off Passive Investment!
  • Shared Site with Dutch Bros for Incredible Synergy!
  • Fairfield is a Booming and Appreciating City!
  • Located in a Dense Retail Trade Area Surrounded by Tons of Businesses and Residences!
  • Nearby Travis AFB: the most trafficked Air Force Base in the continental United States!

Listing Contacts

MC
CA CA 01079185
andersenjung
JR
CA 01991746
andersenjung
Listed by andersenjung

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$139,475.00
$11,622.92/mo

Valuation Metrics

0
DSCR
6.34%
Cap Rate
6.34%
ROI

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Additional Information

Name
Monica Chung
License
CA 01079185
Brokerage
Andersen, Jung and Co.
Brokerage Phone
4153971966
Title
Monica Chung
Brokerage Address
870B Taraval Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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