Bustling Dollar Tree in
For Sale
Contact for pricing
3060 Travis Blvd, Fairfield, CA 94534
Dollar Tree property in a high-traffic retail area.
Property Size10,800 SF
Lot Size1.00 Acre
Price / SF$203.70
Days on Market877
Property Features for 3060 Travis Blvd
General Information
Standard status
Active
Size
10,800 SF
Total Parking Spaces
50
Lot size
1.00 Acre
Property subtype
Retail
Zoning
CC: Community Commercial District
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$139,475
Building Details
Year Built
1978
Year Renovated
2015
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
andersenjung
(415) 397-1966
Listed By:
Monica Chung · License #CA 01079185
Source:
Crexi
Added: Mar 29, 2024
Changed: Aug 8
Last Checked: Aug 21 at 1:47PM
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 andersenjung
Investment Insights
Based on property information with market context.
The property is a 10,800-square-foot Dollar Tree located at 3060 Travis Blvd in Fairfield, CA, situated on over one acre of land with ample parking. Originally built in 1978, Dollar Tree renovated the property and signed a new 10-year net lease in 2015 with two, 5-year options and set rent increases at 7.5% every 5 years. The tenant just exercised their next option at the end of 2024. The property is ideally located in a dense major retail trade area with commercial properties such as Starbucks, Wendy’s, CVS, 7-Eleven, AutoZone, McDonald’s, Taco Bell, Burger King, Jack-In-The-Box, Macy’s, and Walmart. It is close to Travis AFB and surrounded by residential homes. Dollar Tree shares maintenance responsibilities with the newly constructed Dutch Bros. Preliminary conversations with Fairfield Planning have indicated the property can be subdivided subject to zoning requirements and observation of all easements and associated agreements which will require tenant approval. Fairfield is anchored by Travis Air Force Base.
Key Highlights
- Tenant (Dollar Tree) recently exercised their next option, demonstrating commitment to the location.
- New 10‑year net lease signed in 2015 with rent increases of 7.5% every 5 years provides built‑in income growth.
- Located in a high‑traffic retail area with major national tenants and close to Travis Air Force Base.
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
$184,066
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
8.37%
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%
$3,681,320
$3.7M
Cap Rate 7%
$2,629,514
$2.6M
Cap Rate 9%
$2,045,178
$2.0M
Market Conditions
NOI Build-Up for 10,800 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
$281.2K $26.04/SF
− Vacancy
−$18.3K −$1.69/SF
EGI
$263.0K $24.35/SF
− OpEx
−$78.9K −$7.30/SF
NOI
$184.1K $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%
$3,681,320
Cap Rate 7%
$2,629,514
Cap Rate 9%
$2,045,178
Alternative Uses
Best Use
Specialty Retail
$3.05M
$2.67M – $3.56M
NOI $213,340 @ 7.0% cap · market cap 9.70%
Second Best
Retail
$2.63M
$2.30M – $3.07M
NOI $184,066 @ 7.0% cap · market cap 8.37%
Theoretical Best
Office A
$4.40M
$3.85M – $5.13M
NOI $307,748 @ 7.0% cap · market cap 13.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
698
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
- FoodMaxx — 1955 W Texas St, Fairfield, CA 94533
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Dollar Tree property in a high-traffic retail area.
Where is this grocery and convenience store located?
The property is located at 3060 Travis Blvd Fairfield, CA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Tenant (Dollar Tree) recently exercised their next option, demonstrating commitment to the location.; New 10‑year net lease signed in 2015 with rent increases of 7.5% every 5 years provides built‑in income growth.; Located in a high‑traffic retail area with major national tenants and close to Travis Air Force Base.
