Wheel Works

3560 Sonoma Blvd,
Vallejo, CA 94590

Net Lease Tire Service Value-Add Opportunity

4.25%
CAP RATE
4,158
Building SF
$55,200
Current Rent
1.06
Land Acres
NNN
Lease Type
1971
Year Built
4.25%
CAP RATE
4,158
Building SF
$55,200
Current Rent
1.06
Land Acres
NNN
Lease Type
1971
Year Built

INVESTMENT OVERVIEW

  • Essential CRE has been exclusively retained to present the opportunity to acquire the fee simple interest in Wheel Works located at 3560 Sonoma Blvd in Vallejo, CA. The subject property is 4,158 square feet, resides on 1.06 acres and is ideally situated on Sonoma Blvd, a commercial arterial situated in this sought-after Vallejo East Bay market. Wheel works has 1 year remaining on a NNN lease with no options remaining which presents an ideal opportunity for owner user or investor looking to extend lease with Bridgestone Corp.

INVESTMENT HIGHLIGHTS

  • Single Tenant Net Lease Opportunity in Vallejo, East Bay Area Commercial Corridor; 25 Year Operating History at this Location
  • NNN Lease with 1 Year Remaining, Current Rent Well Below Current Market Rate
  • Highly Visible location with Pylon Sign and 21,450 Vehicles Per Day on Sonoma Blvd
  • Large Lot (1.06 AC) with Ample Parking and Convenient Ingress & Egress
  • Surrounding Retailers Include Oreilly Auto Parts, Big 5 Sporting Goods, Goodwill, Wendy’s, McDonalds & DD’s discounts

MARKET OVERVIEW

  • Vallejo is a city located in Northern California. It is the largest city in Solano County and is situated in the San Francisco Bay Area, approximately 30 miles northeast of San Francisco. Vallejo is well-connected to the rest of the Bay Area through major highways like Interstate 80, 780 and the nearby San Francisco Bay Ferry terminal, which provides ferry service to San Francisco. Vallejo's economy has diversified over the years, with industries such as healthcare, education, tourism, and retail contributing to its growth. The city has also seen revitalization efforts in its downtown area.
FOR MORE DETAILS CONTACT
Michael Cisternino
Managing Principal
(925) 388-0888
michael@essentialcre.com
CA 01708023, NV 1002492, ID PR59295
Nick Cole
Vice President of Investments
(925) 482-7044
nick@essentialcre.com
CA 01977282