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Discount

Family Dollar

1902 N Texas St, Fairfield, CA 94533

Listing Price: $2,830,000

Cap Rate
5.30%
Tenant Name
Family Dollar
Years Remaining On Lease
7.1
Gross SF
8,400
Guarantor
Corporate Guarantee
Rentable SF
8,400
Price/Gross SF
$336.90
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$17.86

Investment Overview

Marcus & Millichap is pleased to present exclusively for sale a 8,400 square foot single tenant Family Dollar located at 1902 N Texas Street. The subject property has seven years remaining on the original lease with four five-year options in place. The subject property is well located on N Texas Street with over 17,500 vehicles per day that drive by the location. Roughly one and half miles from Interstate-80 and just two miles to Highway 12. Additionally, the property is located just a short four-minute drive to downtown Fairfield, where you can find a plethora of popular restaurants and activities. Fairfield is home to a diverse industrial and commercial sector, employing workers in a variety of professional fields such as manufacturing, health care, hospitality, agriculture, active military duty, and retail. Major employers include Travis Air Force Base, County of Solano, Solano Town Center, Anheuser-Busch Brewery, and Jelly Belly Candy Company. The heavily trafficked three-mile road of N texas Street is flooded with a variety of local, regional, and national tenants. The subject property sits right in the middle of N Texas Street and is surrounded by large recognizable companies suchs as Foodmaxx, Chase bank, O'rileys, Wendy's, 7-Eleven, Les Schwab Tire Center, DaVita Dialysis, CVS, American Tire & Auto Care, Starbucks, Grocery Outlet, Ihop and many more.

Investment Highlights

  • NNN Lease with Seven Years Remaining with Four-Five Year Options
  • Strong Demographics with Over 127,000 Residents with an Average Household Income of $104,681 within Five Miles
  • Well Located Fronting the High Traffic Retail Corridor of North Texas Street
  • The Property Sits on 1.28 Acres, Providing Over 50 Parking Spots for Customers
  • Seven Percent Increases in Each Option Period

Exclusively Listed By

Discount

Family Dollar

Listing Price: $2,830,000

Cap Rate
5.30%
Tenant Name
Family Dollar
Years Remaining On Lease
7.1
Gross SF
8,400
Guarantor
Corporate Guarantee
Rentable SF
8,400
Price/Gross SF
$336.90
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$17.86

Investment Highlights

  • NNN Lease with Seven Years Remaining with Four-Five Year Options
  • Strong Demographics with Over 127,000 Residents with an Average Household Income of $104,681 within Five Miles
  • Well Located Fronting the High Traffic Retail Corridor of North Texas Street
  • The Property Sits on 1.28 Acres, Providing Over 50 Parking Spots for Customers
  • Seven Percent Increases in Each Option Period

Investment Overview

Marcus & Millichap is pleased to present exclusively for sale a 8,400 square foot single tenant Family Dollar located at 1902 N Texas Street. The subject property has seven years remaining on the original lease with four five-year options in place. The subject property is well located on N Texas Street with over 17,500 vehicles per day that drive by the location. Roughly one and half miles from Interstate-80 and just two miles to Highway 12. Additionally, the property is located just a short four-minute drive to downtown Fairfield, where you can find a plethora of popular restaurants and activities. Fairfield is home to a diverse industrial and commercial sector, employing workers in a variety of professional fields such as manufacturing, health care, hospitality, agriculture, active military duty, and retail. Major employers include Travis Air Force Base, County of Solano, Solano Town Center, Anheuser-Busch Brewery, and Jelly Belly Candy Company. The heavily trafficked three-mile road of N texas Street is flooded with a variety of local, regional, and national tenants. The subject property sits right in the middle of N Texas Street and is surrounded by large recognizable companies suchs as Foodmaxx, Chase bank, O'rileys, Wendy's, 7-Eleven, Les Schwab Tire Center, DaVita Dialysis, CVS, American Tire & Auto Care, Starbucks, Grocery Outlet, Ihop and many more.

Exclusively Listed By

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