Cap Rate: 5.00%
Net Operating Income: $329,490
Square-Footage: 14,267 in 2 spaces
Land Area: 2.0 AC
Market: Bay Area
This is a rare opportunity to purchase a multi-tenant investment opportunity that includes a national credit tenant providing a corporate guarantee from Chick-Fil-A – one of the nation’s strongest franchise chains with over 2,000 restaurants and over $7.9 Billion in revenue (2017) and also includes a double drive-thru. This prime passive investment also includes a brand new 10 year lease to Fuddruckers’s, a frontrunner of the high end premium burger brand that has been franchised owned and operated for over 34 years. Fuddruckers opened the first Northern California location in 1984 and it has become an iconic brand in the area ever since, spanning 3 generations. The Fairfield Fuddruckers franchisee ownership (operating for over 30 years), currently operates 6 additional Fuddruckers restaurants: Concord (1984), Walnut Creek (1997), Dublin (2001), Emeryville (2003), Union City (2001) and Lake Oswego, Oregon (1986). In conjunction with Fuddruckers, DNA Brewing Co., formally known as Blue Frog Brewing Co, has been brewing high quality craft beers in this Fairfield location for over 15 years.
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 from the city center of both cities, approximately 40 miles from the city center of Oakland, less than 19 miles from Napa Valley, 16 miles from the Carquinez Bridge, and 14 miles 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 108,321 at the 2010 census, it is slightly smaller in population than Vallejo. Other nearby cities include Suisun City, Vacaville, Rio Vista, Benicia, and Napa.