Meineke Car Care Center | San Francisco Bay Area
Absolute NNN Lease | 6.00% CAP
Marketing description
Northmarq National Sale Leaseback Group is pleased to present to qualified investors the opportunity to acquire the fee simple interest in the Meineke Car Care Center, located at 1525 Holiday Lane in Fairfield, California. Located with excellent visibility from Interstate 80, the property rests in the greater San Francisco-Sacramento MSA and consists of two buildings totaling 18,528 square feet. The entire property is currently master leased to a top-performing Meineke franchisee, operating in 23 locations across four states. The franchisee occupies the primary service facility and subleases additional space on the property to other in-place tenants, providing additional rental income and long-term upside potential. The tenant will enter an absolute NNN, 10-year sale leaseback with two, 5-year options and 10% increases every five years. The subject property is well positioned in a dense retail corridor at the Travis Blvd intersection, and is surrounded by national retailers such as Burger King, BevMo!, Dollar Tree, and Taco Bell, amongst others.
Investment highlights
Prime Passive Investment Opportunity | Absolute NNN Sale Leaseback | True Passive Investment with Zero Landlord Responsibilities | Tenant Responsible for All Property-Related Expenses Including Roof & Structure
Strong National Brand | E-Commerce & Recession Proof Tenant | National Brand with Over 1,470 Locations | Top-Performing Meineke Franchisee | Premier Consolidated, Inc. Operates 23 Meineke Locations Across Four States
Long-Term Lease with Built-In Rent Growth | Tenant to Sign a 10-Year Master Lease Upon Closing Featuring 10% Rental Increases Every 5 Years to Hedge Against Inflation & Two, 5-Year Options to Renew
Ideal Location in a Dense Retail Corridor | National Retailers in the Immediate Surrounding Area Include Starbucks, Burger King, BevMo!, Dollar Tree, Taco Bell | In Close Proximity to Major Master Planned Communities that are Underway
Excellent Visibility from Interstate 80 | Prime Frontage & Access Off I-80 (193,000+ VPD) | Situated at the Intersection of Holiday Ln at the Travis Blvd
High-Growth Area with Proximity to Major Metropolitans | Less than 40 Miles to Sacramento & Less than 46 Miles to San Francisco | Large Local Employers Include Travis Air Force Base, Jelly Belly, Anheuser-Busch, & More
Potential Future Upside Opportunity | Long-Term Upside from Additional In-Place Subtenants | Adjacent Vacant Parcel Also Available for Potential Expansion or Development, Contact Broker for More Details
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