Overview
Auto Row Investment Opportunity
This single-tenant investment opportunity is located in Fairfield, California, between San Francisco and Sacramento. The property is guaranteed by Schomp Automotive Group, an established auto dealership operator with a 77-year operational history, which operates dealerships for Audi, BMW, Porsche, MINI, Honda, Ford, Subaru, Hyundai, Mazda, and Nissan. The property features a long-term absolute NNN lease with 23 years remaining, presenting a passive investment opportunity with zero landlord obligations. The lease includes 2.5% annual rent increases. The tenant recently invested over $5 million into the property as part of VW OEM approval and renovation. Situated on 4.23 acres off Interstate 80 (207,900 AADT), the property benefits from a prominent location on 'Auto Row,' with synergy from proximity to other major auto dealerships. The Fairfield Auto Mall is continuously expanding with new dealerships, including Audi Napa Valley. The location offers excellent access and visibility between I-80 and Highway 12, with a combined AADT of 253,900. The property is located 10 miles from Travis Air Force Base, which has an annual economic impact of over $1 billion with over 13,500 personnel. It is positioned within a dense retail corridor, near anchor tenants including Target, Raley's, Foodmaxx, and Trader Joe's. The Fairfield Auto Mall has a diverse offering of multiple car brands, including Mercedes-Benz, BMW, Chevrolet, Toyota, Nissan, and Ford. Schomp Automotive Group is investing significantly in expansion and renovation for Audi Napa Valley relocation.
