Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1360 Travis Boulevard Fairfield, CA 94533

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,900,000

    New Raising Cane's drive-through restaurant for sale in Fairfield.

    Type:Retail
    Property size:
    3,331 SF
    Added:
    Mar 21, 2024
    Days on Market:
    757
    Last Refresh:
    Apr 1 at 8:40 pm

    Property Features for 1360 Travis Boulevard

    General Information

    Standard status
    Active
    Size
    3,331 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2024

    We can help!

    Listing Contact
    Minh Tran

    Listing agent Minh Tran

    Listing office

    Listing date Mar 21, 2024

    Source Xome

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Minh Tran

    Overview

    New Drive-Through Restaurant in Fairfield

    A brand new Raising Cane's drive-through restaurant, built in 2024, is available for sale. This offering represents the fee simple ground lease interest. The property is situated within the Solano Town Center in Fairfield, California. The lease is backed by a corporate guarantee from a major quick service restaurant chain. Raising Cane's operates over 749 locations and is recognized as a highly successful quick service restaurant. This location features the company's latest prototype design, incorporating a dual-lane drive-thru for enhanced service speed and convenience. The net lease structure is long term, with zero landlord responsibilities. The initial lease term is 15 years, with options to renew for three additional five-year periods and one four-year period. The lease includes rental escalations of 10% every five years.
    Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fairfield
    County
    Solano
    State
    California
    Longitude
    -122.051739
    Latitude
    38.258249

    Nearby Similar for Sale

    • $975,000
      2,960 SF

      Updated Fairfield Quadruplex For Sale

      Updated four-unit multifamily property in Fairfield, California.
      1712 Arthur Court, Fairfield, CA 94533
      View Details
    • $1,500,000
      4,000 SF

      Fairfield Retail Opportunity For Sale

      Established restaurant business and building for sale in Fairfield, CA.
      834 Texas Street, Fairfield, CA 94533
      View Details
    • $1,500,000

      Fairfield, CA Business Opportunity

      Established buffet business and building for sale in Fairfield.
      834 Texas Street, Fairfield, CA 94533
      View Details
    • $260,000
      1,400 SF

      Fairfield Office Space For Sale

      Single-story office space with meeting room and parking.
      556 Parker Road, Fairfield, CA 94533
      View Details
    • $1,300,000
      10,000 SF

      Well-Maintained Commercial Complex For Sale

      Eleven-unit commercial complex with stable tenants and diversified income.
      690 E Tabor, Fairfield, CA 94533
      View Details
    • $1,700,000
      11,347 SF

      Fairfield Two-Story Office Building

      Two-story office building in downtown Fairfield near Solano County.
      934 Missouri Street, FAIRFIELD, CA 94533
      View Details
    • $2,875,000
      10,764 SF

      Well-Maintained Leased Office Building

      Fully leased office building with high traffic and easy access.
      2560 N Texas, Fairfield, CA 94533
      View Details
    • $699,000
      4,182 SF

      Fairfield Office Building Near Courthouse

      Office building near Solano County Courthouse and downtown Fairfield.
      1100 Missouri St, FAIRFIELD, CA 94533
      View Details
    • $450,000
      2,756 SF

      Versatile Mixed-Use Property For Sale

      Mixed-use property with over 2,500 sq ft of space.
      566 Parker, Fairfield, CA 94533
      View Details
    • $898,875
      3,185 SF

      Fairfield Office Building For Sale

      Office building in Fairfield, CA, ideal for owner/user.
      801 Jefferson St, Fairfield, CA 94533
      View Details
    • $4,918,000
      2,189 SF

      New Starbucks with Double Drive-Thru

      New construction Starbucks with a 20-year corporate ground lease.
      2980 Travis Blvd, Fairfield, CA
      View Details
    • $21,746,000
      29,006 SF

      Automotive Property NNN Lease

      Long-term NNN lease with annual rent increases.
      2855 Auto Mall Pkwy, Fairfield, CA 94533
      View Details

    FAQs

    What type of property is this?
    Drive through restaurant - New Raising Cane's drive-through restaurant for sale in Fairfield.
    Where is this drive through restaurant located?
    The property is located at 1360 Travis Boulevard Fairfield, CA.
    What is the asking price?
    The asking price for this property is $2,900,000.
    What are key features of this property?
    This property features: Brand new 2024 built Raising Cane's drive‑through restaurant.; Located in Solano Town Center, Fairfield, California.; Corporate guarantee from Raising Cane's, a top QSR chain with 749+ locations.
    (714) 926-2072
    We can help!
    Listing Contact
    Minh Tran
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!