1700 1st St Dixon, CA 95620-9279

Property Details for 1700 1st St

Year built

2007

Lot size

1.85 lot acres

Property size

20,041 SF

Property type

Super regional malls

APN

0111-090-980

APU

111090980

Description

This exceptional 20,000-square-foot shopping center in Dixon, CA, presents a compelling investment opportunity. Boasting a 100% occupancy rate with four tenants, including a Dollar Tree, the property features NNN leases with staggered expirations and built-in annual rent increases, ensuring a stable and growing income stream. The center's strong NOI of $252,676 yields a 6.16% cap rate and a pro-forma cap rate of 6.20%, making it an attractive addition to any portfolio. Situated on a 1.84-acre lot at 1700 N 1st St (19,000 vehicles per day), this Class B property benefits from high visibility and convenient access to Interstate 80 (135,000 vehicles per day), placing it within Dixon's busiest retail corridor. The property's strategic location is further enhanced by its proximity to numerous national retailers, including Walmart, Tractor Supply, and others. A significant advantage is the new Lincoln Square mixed-use development directly across the street, adding 186 single-family homes and further boosting the area's growth and retail traffic. Built in 2007, this single-story building is zoned CS-Service Commercial and offers a compelling below-replacement-cost price of $205 per square foot. The property's tenant mix includes franchisees backed by corporate guarantees, providing additional security. This is a rare opportunity to acquire a stabilized, multi-tenant retail center in a thriving California market. The asking price is $4,100,000.

Location Insight

City

Dixon

County

Solano

State

California

Longitude

-121.822

Latitude

38.4625

CBSA code

46700

CBSA name

VALLEJO-FAIRFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments