3060 Travis Blvd, Fairfield, CA 94534-3443
- Retail space
- 10,807 SF
- 1.04 lot acres
Current Use by Public Records
- Dollar Tree / Home Decor Store / Department Store
Property Details for 3060 Travis Blvd
- Year built
- 1978
- Lot size
- 1.04 lot acres
- Property type
- Retail space
- APN
- 0152-280-150
- APU
- 152280150
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Feb 7, 2023 | — | 3060 Travis LLC | — | Deed · related | $1.3M · Stanford FCU |
| Jan 4, 2023 | $2,100,000 | 3060 Travis LLC | The Unger Gavenman Family Limited P | Grant Deed | — |
| Sep 30, 2015 | $2,450,000 | Unger Of Gavenman Family LP | 3060 Travis LLC | Grant Deed | — |
| Jul 18, 2014 | $950,000 | 3060 Travis LLC | Fairfield Freewill Baptist Ch | Grant Deed | — |
Description
This exceptional investment opportunity presents a 10,800 sq ft Dollar Tree in Fairfield, CA, on a 1.04-acre lot with 50 parking spaces. Built in 1978 and renovated in 2015, the property boasts a 15-year Net Lease (NN+) with a credit-rated corporate guarantor, expiring June 30, 2030, with a remaining term of 5.6 years. The lease includes 7.5% rent bumps every five years and one 5-year option. The property generates a strong NOI of $132,300, with a price per square foot of $268.52. Located in a high-traffic retail area near Travis Air Force Base and surrounded by numerous national brands and residential areas, this property offers significant upside potential. The property is zoned CC: Community Commercial District and preliminary discussions with Fairfield Planning suggest potential for subdivision, subject to zoning and easement considerations, requiring tenant approval. This fee-simple ownership offers a hands-off, passive income stream with limited landlord responsibilities (roof and structure). The tenant, Dollar Tree, is responsible for common area maintenance (CAM), creating a highly attractive investment opportunity in a rapidly growing area. The property's location within Fairfield's thriving commercial district, coupled with the long-term lease and built-in rent increases, makes this a compelling investment prospect. The property's strong tenant, prime location, and potential for future development combine to create a unique opportunity for significant returns.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,495,000
- ML approach
- $2,535,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,070,000
- 6.5%
- $2,835,000
- 7%
- $2,630,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,068,000
Market price range: $807k - $3.95M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $2,230,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $3,045,000 Change: +36% Conversion: Moderate
- MEDICAL BUILDING
- $2,890,000 Change: +30% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $2,865,000 Change: +28% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $2,720,000 Change: +22% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Fairfield
- County
- Solano
- State
- California
- Longitude
- -122.067
- Latitude
- 38.2595
- CBSA code
- 46700
- CBSA name
- VALLEJO-FAIRFIELD, CA METROPOLITAN STATISTICAL AREA
