NNN Furniture Retail
5111 Business Center Dr Fairfield, CA 94534
5111 Business Center Dr, Fairfield, CA, 94534
Contact for pricing
For Sale
Contact for pricing
Absolute NNN sale-leaseback anchored by a legacy La-Z-Boy brand and positioned adjacent to high-volume Costco.
Property Size12,000 SF
Price / SF$461.50
Days on Market51
Property Features for 5111 Business Center Dr
General Information
- Standard status
- Active
- Size
- 12,000 SF
- Property subtype
- RETAIL
Listing Agency
CP Partners
(415) 274-2712
Listed by
William Nicholas · License #02271914
(973) 945-2973
Source
Moodyscre
Added: May 29 Checked: Jul 17 at 2:37 am
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 is an absolute NNN sale-leaseback offering for a 12,000 SF furniture retail building occupied under a corporate-guaranteed lease. The lease structure includes 10% rent increases every five years and two additional 5-year options, providing a defined long-term income profile. The property is designed around a showroom-style furniture purchase experience, supported by the “try-before-you-buy” nature of the category.
The asset is immediately adjacent to a high-volume Costco Wholesale, benefiting from daily high-value crossover traffic. It sits in a regional crossroads at the I-80/I-680 interchange (“Gateway to the Bay”), with approximately 174,000 VPD on I-80. The property’s performance is supported by reported online-to-visit activity of roughly 10,500 annual visits, and it serves the affluent Green Valley neighborhood. Additional demand drivers include proximity to Travis Air Force Base, the county’s largest employer.
For buyers seeking stable, internet-resistant retail income, this center offers an established national tenant brand with nearly 100 years of operation. The combination of a corporate-guaranteed lease, scheduled escalations, and a prominent retail anchor neighbor makes it a practical fit for investors focused on durable consumption-based retail tenancy.
The asset is immediately adjacent to a high-volume Costco Wholesale, benefiting from daily high-value crossover traffic. It sits in a regional crossroads at the I-80/I-680 interchange (“Gateway to the Bay”), with approximately 174,000 VPD on I-80. The property’s performance is supported by reported online-to-visit activity of roughly 10,500 annual visits, and it serves the affluent Green Valley neighborhood. Additional demand drivers include proximity to Travis Air Force Base, the county’s largest employer.
For buyers seeking stable, internet-resistant retail income, this center offers an established national tenant brand with nearly 100 years of operation. The combination of a corporate-guaranteed lease, scheduled escalations, and a prominent retail anchor neighbor makes it a practical fit for investors focused on durable consumption-based retail tenancy.
Key Highlights
- Absolute NNN sale‑leaseback featuring a 12,000 SF building with a corporate‑guaranteed lease.
- Lease includes 10% rent increases every five years plus two 5‑year options.
- La‑Z‑Boy (NYSE: LZB) legacy brand with nearly 100 years of operation and nationwide name recognition.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $312.5k | $26.04 |
| − Vacancy | −$20.3k | −$1.69 |
| EGI | $292.2k | $24.35 |
| − OpEx | −$87.7k | −$7.30 |
| NOI | $204.5k | $17.04 |
12,000 SF · lease $26.04/SF/yr · vacancy 6.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
La-Z-Boy Home Furnishings ...
Furniture & Home Goods
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Absolute NNN sale-leaseback anchored by a legacy La-Z-Boy brand and positioned adjacent to high-volume Costco.
Where is this retail space located?
The property is located at 5111 Business Center Dr 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: Absolute NNN sale‑leaseback featuring a 12,000 SF building with a corporate‑guaranteed lease.; Lease includes 10% rent increases every five years plus two 5‑year options.; La‑Z‑Boy (NYSE: LZB) legacy brand with nearly 100 years of operation and nationwide name recognition.
