Auto Shop with NNN
For Sale
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1525 Holiday Ln, Fairfield, CA 94534
Two-building automotive property leased to a Meineke franchisee under an absolute NNN structure.
Property Size18,528 SF
Price / SF$216.70
Days on Market161
Property Features for 1525 Holiday Ln
General Information
Standard status
Active
Size
18,528 SF
Property subtype
Retail
Zoning
General Retail Commercial
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Sale/Leaseback
Net Operating Income
$240,864
Building Details
Year Built
1978
Buildings
2
Stories
1
Abandoned
No
Listing Agency:
Northmarq
Listed By:
Ani Paulson · License #428443
Source:
Crexi
Added: Mar 23
Changed: Aug 30
Last Checked: Aug 30 at 2:52PM
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 Northmarq
Investment Insights
Based on property information with market context.
The property comprises two buildings totaling 18,528 square feet, with the primary facility occupied by a Meineke franchisee for automotive service operations. Additional space is subleased to other in-place tenants, creating multiple occupied areas within the property. Built in 1978, the site carries General Retail Commercial zoning.
Located at 1525 Holiday Lane in Fairfield, California, the property has visibility from Interstate 80 and sits at the Travis Boulevard intersection within a dense retail corridor. Nearby national retailers include Burger King, BevMo!, Dollar Tree, and Taco Bell. The master lease is structured as an absolute NNN, 10-year sale leaseback with two five-year options and 10% increases every five years.
Located at 1525 Holiday Lane in Fairfield, California, the property has visibility from Interstate 80 and sits at the Travis Boulevard intersection within a dense retail corridor. Nearby national retailers include Burger King, BevMo!, Dollar Tree, and Taco Bell. The master lease is structured as an absolute NNN, 10-year sale leaseback with two five-year options and 10% increases every five years.
Key Highlights
- 18,528‑square‑foot property consisting of two buildings
- Absolute NNN, 10‑year sale leaseback with two, 5‑year options
- 10% lease increases every five years
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$315,776
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,315,520
$6.3M
Cap Rate 7%
$4,511,086
$4.5M
Cap Rate 9%
$3,508,622
$3.5M
Market Conditions
NOI Build-Up for 18,528 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$482.5K $26.04/SF
− Vacancy
−$31.4K −$1.69/SF
EGI
$451.1K $24.35/SF
− OpEx
−$135.3K −$7.30/SF
NOI
$315.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,315,520
Cap Rate 7%
$4,511,086
Cap Rate 9%
$3,508,622
Alternative Uses
Best Use
Retail
$4.51M
$3.95M – $5.26M
NOI $315,776 @ 7.0% cap · market cap 7.86%
Second Best
Industrial
$3.02M
$2.65M – $3.53M
NOI $211,720 @ 7.0% cap · market cap 5.27%
Theoretical Best
Office A
$7.54M
$6.60M – $8.80M
NOI $527,959 @ 7.0% cap · market cap 13.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
988
Businesses Nearby
Well-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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - Two-building automotive property leased to a Meineke franchisee under an absolute NNN structure.
Where is this auto shop located?
The property is located at 1525 Holiday Ln Fairfield, CA.
What is the asking price?
The asking price for this property is $4,015,000.
What are key features of this property?
This property features: 18,528‑square‑foot property consisting of two buildings; Absolute NNN, 10‑year sale leaseback with two, 5‑year options; 10% lease increases every five years
