1360 Travis Blvd Fairfield, CA 94533

Property Details for 1360 Travis Blvd

Year built

2024

Lot size

0.72 lot acres

Property size

3,331 SF

Property type

Retail properties

Description

This exceptional investment opportunity presents a brand-new, 3,331 square foot Raising Cane's restaurant built in 2024, situated on a 0.72-acre lot within the vibrant Solano Town Center in Fairfield, California. The property is offered as a fee simple ground lease interest, providing a secure and passive income stream. This prime location benefits from high visibility and significant foot traffic within a thriving retail center. The restaurant boasts Raising Cane's latest prototype design, featuring a dual-lane drive-thru for enhanced efficiency and customer convenience. The strength of this investment is further solidified by a corporate guarantee from one of the nation's leading quick-service restaurant chains, with over 749 locations and a proven track record of profitability. The long-term net lease structure minimizes landlord responsibilities, offering a 15-year primary lease term with three five-year options and one four-year renewal option. A key feature of this lease is the built-in 10% rental escalations every five years, providing significant long-term growth potential. This is a rare opportunity to acquire a high-performing, low-maintenance asset backed by a reputable national brand in a desirable retail location. The asking price for this exceptional investment is $3,000,000.