751-775 Monte Vista Ave Vacaville, CA 95688

Property Details for 751-775 Monte Vista Ave

Year built

1989

Lot size

1.95 lot acres

Property size

15,757 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This 15,757 square-foot retail center in Vacaville, CA, presents a compelling value-add opportunity. Located at 751-775 E Monte Vista Ave, this Class B, multi-tenant property boasts nine tenants across eleven suites, currently operating at 80% occupancy with a Net Operating Income (NOI) of $225,237 and a projected NOI of $344,465. Built in 1989 on a 1.95-acre lot, the property features a diverse tenant mix, all under NNN leases. The asking price is $3,450,000, representing a current cap rate of 6.53% and a pro-forma cap rate of 9.98%. Situated on a high-traffic thoroughfare with over 20,000 vehicles per day, and less than half a mile from Interstate 80, the property benefits from exceptional visibility and accessibility. Significant upside potential exists through lease-up of vacant spaces and rent adjustments to market value for four existing month-to-month tenants currently below market rates. Recent capital improvements include roof and HVAC system replacements within the last five years. The property's prime location in Vacaville, a thriving commercial market between Sacramento and San Francisco, offers strong demographics with a population of approximately 113,000 within a five-mile radius and average household incomes exceeding $121,687. The property features four ingress/egress points, including dedicated left-turn access. This investment offers a strong current return with significant potential for future growth.

Location Insight

City

Vacaville

County

Solano

State

California

Longitude

-121.983

Latitude

38.3597