La-Z-Boy Showroom Near
For Sale
$5,538,000
5111 Business Center Drive, Fairfield, CA 94534
Corporate-guaranteed La-Z-Boy showroom near Costco with high traffic.
Property Size12,000 SF
Price / SF$461.50
Days on Market147
Property Features for 5111 Business Center Drive
General Information
Standard status
Active
Size
12,000 SF
Property subtype
Retail
Building Details
Building Size
12,000 SF
Listing Agency:
CP Partners
Listed By:
David Kram · License #CalDRE #01848816
(415) 509-6276
Source:
Cppcre
Added: May 14
Changed: Aug 15
Last Checked: Jul 26 at 9:15AM
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 CP Partners
Investment Insights
Based on property information with market context.
This 12,000 square foot showroom benefits from a corporate-guaranteed lease with a La-Z-Boy operator that has 21 locations and is growing in Northern California. The lease features 10% rent increases every five years and two 5-year options. The location consistently ranks in the 54th percentile of furniture stores nationwide, with approximately 10,500 annual visits. La-Z-Boy is a legacy brand with nearly 100 years of operation and nationwide name recognition. The property is strategically positioned immediately adjacent to a high-volume Costco Wholesale, driving daily high-value crossover traffic. Located at the I-80/I-680 interchange, also known as the “Gateway to the Bay”, the property benefits from traffic counts of approximately 174,000 vehicles per day on I-80. It serves the Green Valley neighborhood and benefits from proximity to Travis Air Force Base, the county’s largest employer. The “try-before-you-buy” nature of furniture ensures long-term utility of the physical showroom.
Key Highlights
- Corporate‑guaranteed lease with a growing La‑Z‑Boy operator (21 locations) and 10% rent increases every five years.
- Absolute NNN Sale‑Leaseback structure.
- Strategically located adjacent to a high‑volume Costco Wholesale, driving crossover traffic.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$204,518
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,090,360
$4.1M
Cap Rate 7%
$2,921,686
$2.9M
Cap Rate 9%
$2,272,422
$2.3M
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$312.5K $26.04/SF
− Vacancy
−$20.3K −$1.69/SF
EGI
$292.2K $24.35/SF
− OpEx
−$87.7K −$7.30/SF
NOI
$204.5K $17.04/SF
Area
Fairfield, CA
Vacancy
6.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,090,360
Cap Rate 7%
$2,921,686
Cap Rate 9%
$2,272,422
Alternative Uses
Best Use
Retail
$2.92M
$2.56M – $3.41M
NOI $204,518 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.88M
$4.27M – $5.70M
NOI $341,942 @ 7.0% cap · market cap 6.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
594
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 94534, CA
42,296
Population
14,249
Households
3
Avg Household Size
41
Median Age
40%
College-Educated
94%
High-School Grad
77.5 sq mi
ZIP Area
546
Density / Sq Mi
$139,349
Median Household Income
$64,052
Median Earnings
$2,699
Median Rent
$700,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Showroom - Corporate-guaranteed La-Z-Boy showroom near Costco with high traffic.
Where is this showroom located?
The property is located at 5111 Business Center Drive Fairfield, CA.
What is the asking price?
The asking price for this property is $5,538,000.
What are key features of this property?
This property features: Corporate‑guaranteed lease with a growing La‑Z‑Boy operator (21 locations) and 10% rent increases every five years.; Absolute NNN Sale‑Leaseback structure.; Strategically located adjacent to a high‑volume Costco Wholesale, driving crossover traffic.
