Investment Highlights

LONG-TERM NNN LEASE TO STRONG GROCERY TENANT
» 15-year NNN lease with four (4) five (5)-year option periods
» Net lease provides an ideal passive investment for an out-of-area investor
» 10% rental increases every five years, providing a hedge against inflation
» Grocery Outlet is the nation’s largest extreme value grocery retailer, with more than 400+ locations and over $3.13 billion in annual revenue
» Grocery Outlet is continuing its expansion nationally, with 35 new stores opened in 2020
» High-quality 2019 construction

HARD CORNER LOCATION AT SIGNALIZED FOUR-WAY INTERSECTION NEAR INTERSTATE 80
» Located at the signalized, hard corner intersection of North 1st Street and Vaughn Road, with excellent visibility and access to 19,200 vehicles per day directly in front of the location
» 0.5 miles from Dixon’s only Walmart Supercenter
» Beneficial proximity to Interstate 80 (130,200 AADT)
» Other national brands near the site include Tractor Supply Company, Starbucks, Wendy’s, Jack in the Box, Papa Murphy’s, Popeye’s, Panda Express, Country Inn & Suites by Radisson, and more
» High average annual household income of $100,011 within a five-mile radius of the property

CENTRAL LOCATION NEAR COMMUNITY ATTRACTIONS
» Minutes from U.C. Davis (39,400 students, 24,245 employees, $8.1 billion annual economic impact), establishing a strong customer base
» Within three miles of Dixon High School (1,124 students), Tremont Elementary School (598 students), CA Jacobs Middle School (528 students), and Gretchen Higgins Elementary School (465 students)
» Beneficial proximity to major community hubs, including Cardinal Health, Lake Solano County Park, and Nut Tree Airport

Property Description

SOLD
The property is located at the signalized, hard corner intersection of North 1st Street and Vaughn Road, with excellent visibility and access to 19,200 vehicles per day directly in front of the location. The site also benefits from easy access from Interstate 80, which experiences 130,200 AADT. The location resides in a growing retail corridor and is 0.5 miles from Dixon’s only Walmart Supercenter. Other major national retail brands in the surrounding area include Tractor Supply Company, Starbucks, Wendy’s, Jack in the Box, Les Schwab Tire Center, Papa Murphy’s, Popeye’s, Panda Express, Country Inn & Suites by Radisson, and more.

The property benefits from its proximity to the largest employer in Yolo County, U.C. Davis, which features 39,400 students, 24,245 employees, and generates $8.1 billion in annual economic impact. The site is within three miles of highly attended surrounding schools such as Dixon High School (1,124 students), Tremont Elementary School (598 students), CA Jacobs Middle School (528 students), and Gretchen Higgins Elementary School (465 students). The property is supported by an affluent customer base, with an average household income of $100,011 within a five-mile radius of the location. The site is also centrally located near major community hubs, including Cardinal Health, Lake Solano County Park, and Nut Tree Airport.