Overview

Description

PROPERTY DESCRIPTION: This is the opportunity to purchase an absolute NNN leased Chevy's Restaurant in Fairfield, CA. The long term lease calls for zero landlord obligations and is corporately guaranteed by FM Restaurants Chevys OpCo, LLC. The tenant has two, 5 year options to renew and subject to 10% increases in the initial term and in options. The asset is outparcel to Gateway Courtyard Shopping Mall and minutes from Solano Town Center with neighboring tenants that include Chick-Fil-A, Panda Express, Red Lobster, Mel's Diner and more.

LOCATION DESCRIPTION: Fairfield is a city in and the county seat of Solano County, California, in the North Bay sub-region of the San Francisco Bay Area. It is generally considered the midpoint between the cities of San Francisco and Sacramento, approximately 40 miles (64 km) from the city center of each city, approximately 40 miles (64 km) from the city center of Oakland, less than 19 miles (31 km) from Napa Valley, 16 miles (26 km) from the Carquinez Bridge, and 14 miles (23 km) from the Benicia Bridge. Fairfield was founded in 1856 by clippership captain Robert H. Waterman, and named after his former hometown of Fairfield, Connecticut.

It is the home of Travis Air Force Base and the headquarters of Jelly Belly. With a population of 119,881 at the 2020 census, it is slightly smaller in population than Vallejo. Other nearby cities include Suisun City, Vacaville, Rio Vista, Benicia, and Napa.

Highlights

• Absolute NNN Lease
• Zero landlord obligations
• Corporate guarantee
• Tenant recently spent $250,000 on renovations
• High traffic counts - 47,000+ VPD
• Excellent freeway signage to over 200,000 VPD
• Next to interstate 80
• Outparcel to Gateway Courtyard Shopping Mall
• Neighboring tenants that include Chick-fil-A, Panda Express, Red Lobster, Mel's Diner and more

Documents

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