OM — Shops at Nut Tree, Vacaville CA (I-80 corridor)

California comparable OM from Mike's June 20 reply, and the largest of the CA set. Multi-tenant center at 1670 E Monte Vista Ave, Vacaville, on the I-80 corridor between the Bay Area and Sacramento, 2018 construction, priced at $8,182,588 / 5.75% cap on $470,499 NOI. Anchored by Comcast/Xfinity (S&P A-, ~50.5% of income) with Noah's NY Bagels, Virtue Juice + Coffee, and Poke Ichii. An assumable loan (~$3.99M at 4.08% fixed, ~3 years remaining) is available, and in-place tenants pay below-market rents (mark-to-market upside).

Key Facts¶

Investment-grade Comcast/Xfinity anchor; 178,000 VPD on I-80.
Assumable 4.08% fixed-rate debt — attractive vs. ~6%+ current financing.
Tenants in place 5–9 years, below market — rollover upside.
5.75% cap, full CAM pass-through NNN.