1730 Travis Blvd Fairfield, CA 94533-3431
- Turn key restaurants
- 7,692 SF
- 0.37 lot acres
Current Use by Public Records
- Chevys / Mexican Restaurant
Property Details for 1730 Travis Blvd
- Year built
- 1990
- Lot size
- 0.37 lot acres
- Property size
- 7,692 SF
- Property type
- Turn key restaurants
- APN
- 0033-250-050
- APU
- 33250050
Description
This exceptional investment opportunity presents a 7,520 square foot Chevys Fresh Mex restaurant in Fairfield, CA, on a 1.72-acre lot with 99 parking spaces. The property boasts a strong 7.00% cap rate and a substantial net operating income (NOI) of $286,000. Built in 1989 and renovated in 2017, the restaurant benefits from a triple-net (NN) lease with a remaining term of 3.2 years, followed by two five-year options with 10% rent bumps at each option period. The tenant, Chevys Fresh Mex, is a well-established subsidiary of Xperience Restaurant Group, a leading casual and fine dining operator. The property enjoys a prime location on Travis Blvd., adjacent to Interstate 80 (212,000 daily vehicles) and the Solano Town Center Mall (134 stores and restaurants). This vibrant retail area also includes numerous national brands such as Chick-fil-A, Panera Bread, and PetSmart. The property's large lot size offers significant future redevelopment potential. The strong demographics, with over 125,000 residents within a five-mile radius and over 5,900 households within one mile, further enhance the investment's appeal. The property's proximity to major metropolitan areas like Sacramento and San Francisco, along with the nearby Jelly Belly Factory, adds to its overall desirability. The APN is 0033-250-050, 0033-250-040, 0033-230-900. Asking price is $4,085,000.
Value Estimation
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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
- -122.059
- Latitude
- 38.2588
- CBSA code
- 46700
- CBSA name
- VALLEJO-FAIRFIELD, CA METROPOLITAN STATISTICAL AREA
