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1919 Peabody Rd

4,620 SF Retail Building Vacaville, CA 95687 £1,017,185 (£220/SF) 6.43% Net Initial Yield

Investment Highlights

  • Freestanding retail pad building in a shopping center anchored by Lucky Supermarket
  • ATM lease with Wells Fargo through April 2025 with two, 5-year renewal options
  • 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 20+ years of tenancy in the ATM space

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 2025. Their lease contains two, five-year renewal options. Wells Fargo has been a long-term tenant at the property; they have used the ATM space for more than 20 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
£1,017,185
Price Per SF
£220
Net Initial Yield
6.43%
NOI
£65,428
Tenancy
Single
Number of Floors
1
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 ft on Peabody Rd

Amenities

  • Signage
  • Roof Lights
  • Storage Space
  • Air Conditioning

Nearby Major Retailers

Lucky
Wells Fargo ATM
Starbucks
Dream Dinners
Dutch Bros
Anytime Fitness
HOTWORX
Raley's
Winco Foods
Happy Lemon

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0132-320-320
Land Assessment
£857,956
Improvements Assessment
£1,280,949
Total Assessment
£2,138,905
  • Listing ID: 31935120

  • Date on Market: 27/05/2024

  • Last Updated:

  • Address: 1919 Peabody Rd, Vacaville, CA 95687

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