Single-Tenant Net Leased Investment
Pad Building in Grocery-Anchored Shopping Center
Marketing description
Marcus & Millichap is pleased to present 1919 Peabody Road in Vacaville, CA. This freestanding retail building measures approximately 4,620 gross square feet and is situated on a 0.53-acre parcel. The property is a pad building in a shopping center anchored by Lucky supermarket and The Learning Experience. Currently, the space is leased to Forgotten Path Games through February 2027. They have one option to renew their lease for a period of five years. Additionally, an ATM space is leased to Wells Fargo through April 2030. Their lease contains one five-year renewal option. Wells Fargo has been a long-term tenant at the property; they have used the ATM space for more than 30 years.
Investment highlights
Freestanding retail pad building in a shopping center anchored by Lucky Supermarket
Triple net lease with Forgotten Path Games through February 2027 with a 5-year renewal option
ATM lease with Wells Fargo through April 2030 with one 5-year renewal option
Wells Fargo has 30+ years of tenancy in the ATM space
Combined traffic counts of more than 40,000 vehicles per day along Alamo Drive and Peabody Road
Vacaville's population has grown more than 14% in the last 20 years
The city has a diverse economy based on government, healthcare, manufacturing, retail, and business services
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