765 Sereno Dr Vallejo, CA 94589-2415
- Commercial real estate
- 28,124 SF
- 2.57 lot acres
Current Use by Public Records
- 168 Market / Asian Grocery Store
Property Details for 765 Sereno Dr
- Year built
- 1977
- Lot size
- 2.57 lot acres
- Property size
- 28,124 SF
- Property type
- Commercial real estate
- APN
- 0052-180-090
- APU
- 52180090
Description
This exceptional investment opportunity presents a fee-simple ownership of a 28,008-square-foot grocery store and storefront located at 765 Sereno Dr, Vallejo, CA 94589, in Solano County. The property, built in 1977 and renovated in 2023, sits on a 2.57-acre lot and boasts a strong, single-tenant NNN lease with 13 years remaining until October 31, 2037. The lease includes three 5-year options with a 10% rent increase at each option, providing a built-in hedge against inflation. The asking price is $6,068,400, representing a price per square foot of $225 and a 6.00% cap rate. The tenant, a major Asian supermarket chain with a strong presence in the United States, operates an essential, e-commerce-resistant business model, ensuring consistent performance even during economic downturns. The property's location in the Bay Area, near Napa Valley, Sonoma, and Six Flags Discovery Kingdom, benefits from the region's robust economy and high real estate appreciation. This presents a rare opportunity to acquire a long-term, passive income-generating asset in a prime location with significant upside potential. The property is a single building.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $735,000
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Location Insight
- Map
- Local Demand
- City
- Vallejo
- County
- Solano
- State
- California
- Longitude
- -122.253
- Latitude
- 38.1272
- CBSA code
- 46700
- CBSA name
- VALLEJO-FAIRFIELD, CA METROPOLITAN STATISTICAL AREA
