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1919 Peabody Rd 4,620 SF Retail Building Vacaville, CA 95687 $1,250,000 ($270.56/SF) 7.05% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Freestanding retail pad building in a shopping center anchored by Lucky Supermarket
  • ATM lease with Wells Fargo through April 2030 with one 5-year renewal option
  • Combined traffic counts of more than 40,000 vehicles per day along Alamo Drive and Peabody Road
  • Triple net lease with Forgotten Path Games through February 2027 with a 5-year renewal option
  • Wells Fargo has 30+ years of tenancy in the ATM space
  • Call listing brokers for more information

EXECUTIVE SUMMARY

Marcus & Millichap is pleased to present 1919 Peabody Road in Vacaville, CA. This freestanding retail building measures approximately 4,620 gross square feet and is situated on a 0.53-acre parcel. The property is a pad building in a shopping center anchored by Lucky supermarket and The Learning Experience. Currently, the space is leased to Forgotten Path Games through February 2027. They have one option to renew their lease for a period of five years. Additionally, an ATM space is leased to Wells Fargo through April 2030. Their lease contains one five-year renewal option. Wells Fargo has been a long-term tenant at the property; they have used the ATM space for more than 30 years.
The subject property is located at the intersection of Alamo Drive and Peabody Road. which is a four-corner retail location. In addition to Lucky and The Learning Center, co-tenants in the shopping center include Burger King, Little Caesar's Pizza, Subway, Vacaville Vet Clinic, and Dominos Pizza. Walgreens, Taco Bell, and O'Reilly Auto Parts are located across the street. The site has good access and visibility, with combined traffic counts exceeding 40,000 vehicles per day.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,620 SF
Building Class
C
Year Built
1992
Price
$1,250,000
Price Per SF
$270.56
Cap Rate
7.05%
NOI
$88,097
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.53 AC
Zoning
Commercial Neighborhood - Commercial
Parking
15 Spaces (3.25 Spaces per 1,000 SF Leased)
Frontage
162’ on Peabody Rd

AMENITIES

  • Signage
  • Skylights
  • Storage Space
  • Air Conditioning

NEARBY MAJOR RETAILERS

Lucky
Starbucks
Raley's
Anytime Fitness
HOTWORX
Dutch Bros
Winco Foods
CrossFit

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0132-320-320
Land Assessment
$1,140,798
Improvements Assessment
$1,703,238
Total Assessment
$2,844,036
  • Listing ID: 31935120

  • Date on Market: 5/27/2024

  • Last Updated:

  • Address: 1919 Peabody Rd, Vacaville, CA 95687

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