Investment Highlights

MULTI-TENANT RETAIL STRIP WITH GROCERY SHADOW ANCHOR
» Leased to a synergistic mix of tenants, including national brands, Subway and Papa Murphy’s
» Shadow anchored by Lucky Supermarkets, driving necessity-based consumer traffic to the site
» NNN leases with management reimbursement and administration fees on CAM charges, limiting landlord expense slippage

STABLE CASH FLOW WITH INCOME GROWTH
» Historical record of long-term tenant occupancy, demonstrating commitment to the location
» Existing rents average 11% below current market rates, enhancing tenant stability and providing embedded rental upside
» Through scheduled rental increases and rolling below market leases to market value, NOI is projected to grow more than $50,600 (42%) over the anticipated holding period, providing an excellent hedge against inflation

HIGH-EXPOSURE RETAIL LOCATION
» Located at the entrance to a large retail center, with frontage on Vacaville’s primary retail corridor
» Convenient access to Interstate 80, with 164,000 vehicles per day

EXCELLENT NORTHERN CALIFORNIA LOCATION WITH AFFLUENT DEMOGRAPHICS
» Vacaville is located halfway between Sacramento and San Francisco and is within minutes of Napa and Sonoma wine countries
» 107,865 residents within a five-mile radius of the property, with an average household income of $92,492

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Property Description

SOLD

The property is located in a large retail center anchored by a Lucky grocery store, which drives considerable traffic to the site. The property has excellent access and visibility from East Monte Vista Avenue, which features a dedicated left turn lane for easy access to the shopping center. Located in a central, high-traffic area of Vacaville, the property benefits from the 19,910 vehicles per day on East Monte Vista Avenue and the 164,000 vehicles per day on Interstate 80, which is half a mile from the site. Downtown Vacaville and Vacaville High School are also half a mile from the property. Downtown Vacaville is one of the community’s major gathering places and hosts a number of events throughout the year, while Vacaville High School is the city’s largest high school, with over 2,000 students and approximately 100 teachers and administrative staff.

Several large shopping plazas are located near the property, including Nut Tree Plaza and the Vacaville Premium Outlets, which are both within a mile and a half of the site. Nut Tree Plaza is the largest power and lifestyle center in Solano County. Nut Tree Plaza is part of the Nut Tree, a 71-acre mixed-use development that features ample retail space, an event center, luxury apartments, and a business park. Vacaville Premium Outlets, across from Nut Tree Plaza, is one of the largest and best-known outlet malls in the nation. The center attracts over seven million visitors per year and supports tourism and other retail stores in Vacaville.