Chevys Fresh Mex | Fairfield, CA

Highlights:

• Chevys Fresh Mex, a Mexican casual dining chain founded in 1986, is a subsidiary of Xperience Restaurant Group (XRG). XRG is a leading casual and fine dining operator with brands including El Torito, Sol Mexican Cocina, Las Brisas, Acapulco and more.
• There are over two (2.7) years remaining on the lease term, plus two (2), five (5) year options.
• The lease provides for 10% rental increases at each option period.
• The lease structure is double net (NN), with some landlord responsibilities. Tenant is responsible for HVAC, maintaining CAM, and payment of all taxes, utilities, and insurances.
• The subject property is located on a large 1.72 AC lot, which will be attractive to investors for potential redevelopment options in the future.
• There are 125,180 residents located in the five (5) mile demographic ring, and over 5,900 households in the one (1) mile demographic ring.
• Chevys is located directly adjacent to Interstate 80, which reports high traffic counts of 212,000 cars per day.
• Chevys is located in a vibrant retail location on Travis Blvd., which is saturated with strip centers, QSRs, and other retail with tenants including Chick-fil-A, Panera Bread, PetSmart, Panda Express, Barnes & Noble and more.
• Chevys is adjacent to the 1 million square foot Solano Town Center Mall, home to 134 stores and restaurants including Tesla, Macy’s, Dick’s, Best Buy, Ulta, and more.
• Fairfield is situated between the two largest metropolitan areas of Northern California. The subject property is located just 42 miles (40 minutes) from Sacramento, CA, and 46 miles (45 minutes) from San Francisco, CA.
• Fairfield’s most famous attraction is the Jelly Belly Factory, where the iconic candies are made in a rainbow of colors. Nearly 500,000 visitors visit the factory annually, and it is located just 3 miles (8 minutes) from the subject property.

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