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Shopping Neighborhood

Vista Crossings

751 E Monte Vista Ave, Vacaville, CA 95688

Listing Price: $3,500,000

Cap Rate
6.43%
Gross SF
15,757
Rentable SF
15,757
Price/Gross SF
$222.12
Lot Size
1.95 acres
Year Built
1989

Investment Overview

Marcus & Millichap proudly presents this value-add multi-tenant investment opportunity in Vacaville, California. This 15,757 square-foot retail property is situated within the bustling Vista Crossing Shopping Mall, boasting 11 suites and constructed in 1989. Currently 80% leased with a well-diversified tenant mix, all on NNN leases, the property ensures a stable income stream with future upside from additional tenants.
Strategically positioned on East Monte Vista Ave (20,000+ VPD) and Depot Street (15,770+ VPD), the property benefits from high traffic and visibility along one of Vacaville's busiest thoroughfares. Interstate I-80, located less than a half-mile away, facilitates convenient access for over 190,000 vehicles per day heading towards major markets like Sacramento and San Francisco.
The subject property presents a fantastic upside opportunity, with potential for a buyer to achieve above a 10% return through lease-ups and adjustments in rents. Currently, 80% occupied, the property offers the ability to increase income by filling vacant spaces. Additionally, four tenants are under the surrounding rental market rate on month-to-month leases, providing an opportunity to adjust rents to fair market value shortly after acquisition.
Vacaville, CA, boasts a thriving commercial market thanks to its prime location, modern infrastructure, and supportive business environment. Positioned between San Francisco and Sacramento, Vacaville offers easy access to major transportation routes and regional markets. With streamlined permitting processes and a skilled workforce, the city welcomes businesses across
various sectors, from retail to technology.

Investment Highlights

  • The property is currently approximately 80% leased, presenting substantial upside potential. Buyers stand to achieve a 10% cap through lease-up and bring rent to Fair Market Value.
  • Strategically positioned just off I-80 at the intersection of E Monte Vista Ave and Depot St, Vista Crossing boasts excellent retail visibility. Average daily traffic count of 20,000 vehicles.
  • Anchored by a full-service grocery store since 1989, Vista Crossings attracts over 480,000 visitors each year and maintains its status as the premier grocery destination in the immediate trade area.
  • Benefiting from robust Bay Area demographics, the surrounding 5-mile radius boasts a population of approximately 113,000 people, with average household incomes exceeding $121,687. Located just 35 miles from Sacramento and 55 miles from San Francisco, Vacaville is esteemed as the most desirable city in Solano County.
  • Offering excellent accessibility, the property features four ingress/egress points, including dedicated left-turn access off of East Monte Vista Ave.
  • The subject offers a compelling investment opportunity in the highly sought-after Vacaville Bay Area market. Given the scarcity of available properties in Vacaville, this offering stands out as a rare opportunity for investors. With an attractive current return and significant upside potential, this property holds promise for long-term value.

Exclusively Listed By

Shopping Neighborhood

Vista Crossings

Listing Price: $3,500,000

Cap Rate
6.43%
Gross SF
15,757
Rentable SF
15,757
Price/Gross SF
$222.12
Lot Size
1.95 acres
Year Built
1989

Investment Highlights

  • The property is currently approximately 80% leased, presenting substantial upside potential. Buyers stand to achieve a 10% cap through lease-up and bring rent to Fair Market Value.
  • Strategically positioned just off I-80 at the intersection of E Monte Vista Ave and Depot St, Vista Crossing boasts excellent retail visibility. Average daily traffic count of 20,000 vehicles.
  • Anchored by a full-service grocery store since 1989, Vista Crossings attracts over 480,000 visitors each year and maintains its status as the premier grocery destination in the immediate trade area.
  • Benefiting from robust Bay Area demographics, the surrounding 5-mile radius boasts a population of approximately 113,000 people, with average household incomes exceeding $121,687. Located just 35 miles from Sacramento and 55 miles from San Francisco, Vacaville is esteemed as the most desirable city in Solano County.
  • Offering excellent accessibility, the property features four ingress/egress points, including dedicated left-turn access off of East Monte Vista Ave.
  • The subject offers a compelling investment opportunity in the highly sought-after Vacaville Bay Area market. Given the scarcity of available properties in Vacaville, this offering stands out as a rare opportunity for investors. With an attractive current return and significant upside potential, this property holds promise for long-term value.

Investment Overview

Marcus & Millichap proudly presents this value-add multi-tenant investment opportunity in Vacaville, California. This 15,757 square-foot retail property is situated within the bustling Vista Crossing Shopping Mall, boasting 11 suites and constructed in 1989. Currently 80% leased with a well-diversified tenant mix, all on NNN leases, the property ensures a stable income stream with future upside from additional tenants. Strategically positioned on East Monte Vista Ave (20,000+ VPD) and Depot Street (15,770+ VPD), the property benefits from high traffic and visibility along one of Vacaville's busiest thoroughfares. Interstate I-80, located less than a half-mile away, facilitates convenient access for over 190,000 vehicles per day heading towards major markets like Sacramento and San Francisco. The subject property presents a fantastic upside opportunity, with potential for a buyer to achieve above a 10% return through lease-ups and adjustments in rents. Currently, 80% occupied, the property offers the ability to increase income by filling vacant spaces. Additionally, four tenants are under the surrounding rental market rate on month-to-month leases, providing an opportunity to adjust rents to fair market value shortly after acquisition. Vacaville, CA, boasts a thriving commercial market thanks to its prime location, modern infrastructure, and supportive business environment. Positioned between San Francisco and Sacramento, Vacaville offers easy access to major transportation routes and regional markets. With streamlined permitting processes and a skilled workforce, the city welcomes businesses across various sectors, from retail to technology.

Exclusively Listed By

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