1370 Holiday Ln Fairfield, CA 94534
- Retail space
- 24,604 SF
- 2.34 lot acres
Current Use by Public Records
- Gursimrat Judge / Dental Office
- Aspen Dental - Fairfield, CA / Dental Office
Property Details for 1370 Holiday Ln
- Year built
- 2005
- Lot size
- 2.34 lot acres
- Property size
- 24,604 SF
- Property type
- Retail space
- APN
- 0150-160-250
- APU
- 150160250
Description
This fee-simple retail property in Fairfield, CA, offers a compelling value-add investment opportunity. The two-building, 24,604 square foot center sits on a 2.34-acre lot at the hard corner of Travis Boulevard and Holiday Lane, boasting high visibility and traffic counts exceeding 20,000 vehicles per day (VPD) and adjacent to I-80 (over 200,000 VPD). Currently 42% occupied, the property features a mix of strong national and regional tenants including Aspen Dental, Peet's Coffee & Tea, Togo's, and Golden 1 Credit Union. Built in 2005, the property includes 100 parking spaces and benefits from existing rent bumps, ensuring a growing income stream. The property's strategic location is further enhanced by its proximity to the Solano Town Center, a major regional mall anchored by national retailers. Fairfield's thriving economy, fueled by Travis Air Force Base and its location between San Francisco and Sacramento, makes this a prime investment in a high-growth area. The property is zoned commercial and offers significant upside potential through lease-up of the currently vacant spaces. This multi-tenant, NNN-leased investment presents a rare opportunity to acquire a fee-simple interest in a high-profile retail center with significant long-term growth prospects.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $6,990,000
- 6.5%
- $6,450,000
- 7%
- $5,990,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $8,652,000
- AI Estimate
- $4,149,000
Market price range: $1.84M - $9.00MMarket price range: $1.14M - $4.35M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $5,080,000 Current use
- APARTMENT HOUSE (5+ UNITS)
- $10,070,000 Change: +98% Conversion: Difficult
- RESTAURANT
- $9,060,000 Change: +78% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $6,930,000 Change: +36% Conversion: Moderate
- MEDICAL BUILDING
- $6,580,000 Change: +30% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $6,525,000 Change: +28% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $6,185,000 Change: +22% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Fairfield
- County
- Solano
- State
- California
- Longitude
- -122.064
- Latitude
- 38.2577
- CBSA code
- 46700
- CBSA name
- VALLEJO-FAIRFIELD, CA METROPOLITAN STATISTICAL AREA