1300 W Texas Street

Description

The Country Corner Center is a retail shopping center prominently located on a major thoroughfare in the City of Fairfield. The property is comprised of 3 buildings, totaling 24,680 square feet of net rentable area, and two parcels. The lots total 2.23 acres or 97,318 square feet. It boasts 14 retail spaces. Tenant leases are modified gross with all tenants paying their own electricity and gas. Units 1304-1320 are on separate water meters; tenants in those units pay for their own water. There is a common water meter for units 1322-1338 which the owner pays. Owner pays for all trash and common area expenses. Many of the tenants have established and conducted successful businesses at this location for over a decade. The diverse tenant mix and the high visibility along a main thoroughfare attract a plethora of shoppers. There is ample parking and easy access. The property is prominently located in the Heart of Fairfield Specific Plan. The Heart of Fairfield Specific Plan is fully approved and allows for the development of new residential and commercial units. Based on the plan, it appears as though this site could produce approximately 100 residential units. This property is an excellent investment property with fantastic cash flow plus future development potential!