2855 Auto Mall Pkwy Fairfield, CA 94533
Long-term NNN lease with annual rent increases.
Property size:
29,006 SFLot size:
4.23 AcresProperty Features for 2855 Auto Mall Pkwy
General Information
- Standard status
- Active
- Zoning
- CR-Regional Commercial
- Size
- 29,006 SF
- Lot size
- 4.23 Acres
Building Details
- Year built
- 2006
Source:
Crexi
Listing Agency: CBRE - West LA Listing Agent: Artin Sepanian
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Automotive Property NNN Lease
This property features a long-term absolute NNN lease, with 100% of the property leased to Schomp Automotive Group for the next 21 years. Schomp Automotive is a dealership group with a 77-year history, operating 12 dealership locations across three states, including BMW, Hyundai, Mercedes-Benz, Honda, and Porsche dealerships. The lease is guaranteed by Schomp Automotive and its partners. The tenant has recently invested $5 million into renovations to meet dealership image compliance standards. The property benefits from built-in rent increases of 2.5% annually, equating to a $324,713 growth in NOI over the anticipated hold period. Situated on approximately 4.23 acres, the property is centrally located immediately off CA Interstate 80, with a traffic count of approximately 203,418 cars per day, in the heart of Solano County. The location at the Fairfield Auto Mall provides accessibility to the city of Fairfield and the Vallejo Metropolitan Area, with a population of approximately 459,205.
Location Intelligence
Current Use by Public Records
ChargePoint Charging Station
Electric Vehicle Charging Station
Audi Napa Valley
Car Dealership
Audi Service Center
Auto Repair Shop
Audi Parts Center
Auto Parts Store
Info Car & Property ...
Corporate Office
Similar Places Nearby
Crocker's Lockers Self Storage and Uhaul, Truck Rental Center at The Home Depot, U-Haul Neighborhood Dealer
Location Insight
- Map
- Local Demand
- City
- Fairfield
- County
- Solano
- State
- California
- Longitude
- -122.0822001
- Latitude
- 38.2410803
Nearby Similar for Sale
FAQs
What type of property is this?
Automotive property - Long-term NNN lease with annual rent increases.
Where is this automotive property located?
The property is located at 2855 Auto Mall Pkwy Fairfield, CA.
What is the asking price?
The asking price for this property is $21,746,000.
What are key features of this property?
This property features: - Long-Term Absolute NNN Lease: 100% NNN leased to Schomp Automotive Group with 21 years remaining.; - Strong Lease Guarantee: Guaranteed by Schomp Automotive and its partners, a well-established dealership group with a 77-year history.; - Secure Income Stream: 2.5% annual rent increases, equating to a $324,713 growth in NOI over the anticipated hold period.
