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Food 4 Less

1833 North Texas Street, Fairfield, CA 94533, USA

Price:
$9,936,218
CAP Rate:
5.50%
NOI:
$546,492
Net Rentable Area:
64,919 SF
Lot Size:
4.73 Acres
Year Built:
1997/2023
Status:
Available

Download the Offering Memorandum for details about the tenant, lease, financials, and more.

Property Details

  • 20 year NNN lease, tenant is responsible for taxes, insurance, maintenance, roof, and CAM’s
  • Renovated in 2023, including a newly striped & resealed parking lot, all new interior improvements, and the tenant is currently installing solar
  • Rent increases of 8% every 5 years to hedge against inflation
  • Food 4 Less is a leading discount super market chain with over 90 locations across California
  • Strategically positioned in a major retail trade area, with high VPD (19k+) passing directly in front of site on N Texas St.
  • Subject site is well below market rent at $8.42/RSF, average RSF for similar grocers in the Fairfield region range between $12-14/RSF
  • Location, location, location: Surrounded by densely populated residential communities in the heart of Solano County, CA

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GET IN TOUCH WITH US

DIRECT:

818.907.9525

OFFICE:

818.212.2730

Email:

Corporate Office:

16830 Ventura Blvd. Suite 100, Encino, CA 91436

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