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    2855 Auto Mall Pkwy Fairfield, CA 94533

    Sponsored
    For Sale
    $22,000,000

    High-yield NNN lease, prime location.

    Property size:
    29,006 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    403
    This exceptional investment opportunity presents a 29,006 square foot Volkswagen dealership situated on a 4.23-acre lot at 2855 Auto Mall Pkwy, Fairfield, CA 94533. The property boasts a prominent location within Fairfield's "Auto Row," benefiting from excellent visibility and access along Auto Mall Parkway (5,680 AADT), I-80 (207,900 AADT), and Highway 12 (46,000 AADT). The site is supported by strong demographics, with a 15-mile radius encompassing a population of 528,663 and an average household income exceeding $132,773. Average home values within this radius surpass $719,519, indicating significant purchasing power. The property's strategic location is further enhanced by its proximity to major employers, including Jelly Belly Candy Company, Anheuser-Busch, Guittard Chocolate, and others. This single-tenant, net-lease property features a 25-year lease (commencing May 6, 2022, and expiring May 5, 2047), with 22.5 years remaining. The lease includes 2.5% annual rent bumps, generating a substantial net operating income (NOI) of $1,241,916 and a 5.65% cap rate. The asking price is $22,000,000. The tenant, an established auto dealership operator with a 77-year history, recently invested over $5 million in property renovations as part of VW OEM approval. This presents a rare infill investment opportunity in a high-growth area between San Francisco and Sacramento.

    Property Features for 2855 Auto Mall Pkwy

    General Information

    Property type
    Automotive properties
    Square Feet
    29,006 SF
    Lot Size
    184,259 SF

    We can help!

    Listing Contact
    Putnam Daily
    Putnam Daily

    Learn more

    Property Insight Report

    HighLights

    • Rare infill single‑tenant investment opportunity in Fairfield, CA, between San Francisco and Sacramento.
    • Guaranteed by Schomp Automotive Group, an established auto dealership operator with a 77‑year history.
    • Long‑term, absolute NNN lease with 22.5 years remaining; 2.5% annual rent increases.
    • Tenant recently invested over $5 million in property renovations.
    • Prominent Auto Row location on a 4.23‑acre lot, with high traffic counts on I‑80, Highway 12, and Auto Mall Parkway.
    • Strong demographics with high average household income and home values within a 15‑mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    ChargePoint Charging Station Electric Vehicle Charging Station Audi Napa Valley Audi Dealer Audi Service Center Auto Repair Shop Audi Parts Center Auto Parts Store Info Car & Property ... Corporate Office

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fairfield
    County
    Solano
    State
    California
    Longitude
    -122.0811385
    Latitude
    38.2421454

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    FAQs

    What type of property is this?
    Automotive property - High-yield NNN lease, prime location.
    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 $22,000,000.
    What are key features of this property?
    This property features: Rare infill single-tenant investment opportunity in Fairfield, CA, between San Francisco and Sacramento.; Guaranteed by Schomp Automotive Group, an established auto dealership operator with a 77-year history.; Long-term, absolute NNN lease with 22.5 years remaining; 2.5% annual rent increases.
    Request Owner's contact information
    2855 Auto Mall Pkwy Fairfield, CA 94533
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2855 Auto Mall Pkwy Fairfield, CA 94533
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    We can help!
    Listing Contact
    Putnam Daily
    Putnam Daily
    Real Estate License ID: CA 01750064
    Learn more
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