Vallejo, CA - 168 Market

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NNN leased, 168 Market investment property located in San Francisco Bay Area, California. 168 Market operates within the Tawa Supermarket grocery platform, the company behind 99 Ranch Market. The affiliation provides the subject property with the backing of an established Asian grocery operator with a growing nationwide presence. The lease has approximately 11 years remaining with 3 (5-year) options to extend. The lease features 10% rental increases every 5 years throughout the remaining initial term and at the beginning of each option period, steadily growing NOI and providing a hedge against inflation. The lease is NNN with Landlord responsible for structural elements, providing downside protection, while Tenant covers all operational costs. Ideal for an passive investor.

The 168 Market is strategically located along Sonoma Boulevard/State Highway 29 (33,300 VPD), a primary retail thoroughfare serving Vallejo, with convenient access to Interstate 80 (139,000 VPD). The subject property is directly adjacent to a Walmart Neighborhood Market that ranks in the 84th percentile nationwide for visits among the chain, according to Placer.ai, providing significant consumer draw and promoting crossover traffic to the site. The property is positioned within an established retail corridor surrounded by national/credit tenants including Smart & Final, Burger King, Taco Bell, DaVita, O’Reilly Auto Parts, Wendy’s, Subway, and more. Nearby shopping centers include Vallejo Plaza Shopping Center and Redwood Square Shopping Center, while Kaiser Permanente Vallejo Medical Center (267 beds) is also located in close proximity. The 5-mile trade area is supported by more than 151,300 residents with an average household income exceeding $128,000.

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