Current Use by Public Records
- Retail properties & Spaces
Property Details for 1420 Blvd
- Lot size
- 8.66 lot acres
- Property type
- Retail properties & Spaces
Description
This exceptional retail property presents a unique investment opportunity in Fairfield, CA. The former Sears building at Solano Town Center Mall offers a substantial 151,257 square feet of space situated on an 8.66-acre parcel with 707 parking spaces. The building is comprised of three floors: a ground floor with 49,038 square feet (26,469 square feet currently leased at $1.75/SF/month), a second floor with 47,087 square feet vacant and available at $1.25/SF/month, and a third floor with 50,938 square feet vacant and available at $0.99/SF/month. An additional 4,194 square feet of common area is also included. The property benefits from a recently signed 15-year ground lease (with three 5-year options) by Raising Cane's, a well-known fast-food chain, significantly increasing foot traffic. Its strategic location adjacent to I-80 Freeway (209,509 vehicles daily), just north of the I-80/I-8 interchange (160,000+ vehicles daily), and on Travis Blvd (45,220 vehicles daily) provides unparalleled visibility and accessibility. The property's connection to Solano Town Center Mall, attracting over 1.02 million visitors annually, further enhances its appeal. The surrounding demographics are strong, with over 98,500 people and average household incomes exceeding $83,000 within a 3-mile radius. The limited availability of comparable development sites in this supply-constrained trade area ensures the center's long-term growth potential.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fairfield
- County
- Solano
- State
- California
- Longitude
- -122.028
- Latitude
- 38.2674
