3060 Travis Blvd Fairfield, CA 94534
- Retail space
- 10,807 SF
- 1.04 lot acres
Current Use by Public Records
- Dollar Tree / Party Store / School Supply Store
Property Details for 3060 Travis Blvd
- Year built
- 1978
- Lot size
- 1.04 lot acres
- Property size
- 10,807 SF
- Property type
- Retail space
- APN
- 0152-280-150
- APU
- 152280150
Description
This exceptional investment opportunity presents a 10,800 sq ft Dollar Tree in Fairfield, CA, on a 1.04-acre lot with 50 parking spaces. Built in 1978 and renovated in 2015, the property boasts a 15-year Net Lease (NN+) with a credit-rated corporate guarantor, expiring June 30, 2030, with a remaining term of 5.6 years. The lease includes 7.5% rent bumps every five years and one 5-year option. The property generates a strong NOI of $132,300, with a price per square foot of $268.52. Located in a high-traffic retail area near Travis Air Force Base and surrounded by numerous national brands and residential areas, this property offers significant upside potential. The property is zoned CC: Community Commercial District and preliminary discussions with Fairfield Planning suggest potential for subdivision, subject to zoning and easement considerations, requiring tenant approval. This fee-simple ownership offers a hands-off, passive income stream with limited landlord responsibilities (roof and structure). The tenant, Dollar Tree, is responsible for common area maintenance (CAM), creating a highly attractive investment opportunity in a rapidly growing area. The property's location within Fairfield's thriving commercial district, coupled with the long-term lease and built-in rent increases, makes this a compelling investment prospect. The property's strong tenant, prime location, and potential for future development combine to create a unique opportunity for significant returns.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,495,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,285,000
- 6.5%
- $2,100,000
- 7%
- $1,945,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,395,000
- Geo Method
- $2,295,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,740,000
- Retail
- $2,190,000
- Mixed-Use
- $2,120,000
- Hospitality
- $2,405,000
- Educational
- $2,005,000
- Residential Income
- $2,395,000
- Energy
- $2,040,000
- Income-Based Land
- $2,220,000
- Food Service
- $2,210,000
Location Insight
- Map
- Local Demand
- City
- Fairfield
- County
- Solano
- State
- California
- Longitude
- -122.067
- Latitude
- 38.2595
- CBSA code
- 46700
- CBSA name
- VALLEJO-FAIRFIELD, CA METROPOLITAN STATISTICAL AREA
