1919 Peabody Rd Vacaville, CA 95687-6283
- Retail space
- 4,715 SF
- 0.53 lot acres
Current Use by Public Records
- Wells Fargo ATM / Atm
- Forgotten Path Games / Game Store
Property Details for 1919 Peabody Rd
- Year built
- 1992
- Lot size
- 0.53 lot acres
- Property size
- 4,715 SF
- Property type
- Retail space
- APN
- 0132-320-320
- APU
- 132320320
Description
This exceptional investment opportunity presents a 4,620 square foot, single-tenant net-leased retail building located at 1919 Peabody Rd, Vacaville, CA 95687. The property, built in 1992 and situated on a 0.53-acre lot (23,261 sq ft, APN 0132-320-320), is part of a grocery-anchored shopping center featuring a Lucky Supermarket and The Learning Experience, ensuring high visibility and foot traffic. Currently, the main space is 100% occupied by Forgotten Path Games under a NNN lease expiring February 28, 2027, with a five-year renewal option. An additional ATM space is leased to Wells Fargo, a long-term tenant (over 20 years) with a lease extending to April 2025 and two five-year renewal options. The property boasts a strong financial profile, with an asking price of $1,300,000, a price per square foot of $281.39, a 6.43% cap rate, and a current NOI of $83,620. The location benefits from significant daily traffic counts exceeding 40,000 vehicles along Alamo Drive and Peabody Road. Vacaville's robust and diverse economy, including government, healthcare, manufacturing, retail, and business services, further enhances the investment potential. The lease commencement date for the primary tenant was November 1, 2021, leaving approximately 2.3 years remaining on the current lease term. This property offers a compelling combination of strong tenancy, favorable lease terms, and a prime location within a thriving community.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Vacaville
- County
- Solano
- State
- California
- Longitude
- -121.97
- Latitude
- 38.3373
- CBSA code
- 46700
- CBSA name
- VALLEJO-FAIRFIELD, CA METROPOLITAN STATISTICAL AREA