200 American Canyon Rd American Canyon, CA 94503

Property Details for 200 American Canyon Rd

Year built

2024

Lot size

1.03 lot acres

Property size

2,870 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a brand-new, 45-year absolute NNN ground lease for a Chicken Guy restaurant in American Canyon, California. Located at 200 American Canyon Rd, 94503, this 2,870 square foot restaurant sits on a 1.03-acre lot and opened in June 2024. The property boasts a strong 6.50% cap rate with a current NOI of $44,300. The lease includes 10% rent increases every five years and four five-year lease extension options, ensuring consistent income growth. This single-tenant property benefits from a high-traffic location at the signalized intersection of American Canyon Road and Napa Vallejo Highway, experiencing combined daily traffic of 87,000 vehicles. Its strategic position within a major commuter corridor, near State Route 29 and Interstate 80, further enhances its visibility and accessibility. The site is situated at the southern entry to Napa Valley, a region attracting 3 million annual visitors and contributing approximately $50 billion to the local economy. The restaurant enjoys excellent visibility within a Walgreens-anchored multi-tenant plaza, attracting significant crossover shopping. Furthermore, its proximity to several schools and a large residential population (119,804 residents within five miles) provides a substantial customer base. The average annual household income within one mile is $143,738, projected to increase by 15% by 2028. This is a compelling investment opportunity with significant long-term potential, ideal for 1031 exchange purposes. The asking price is $682,000.