The Shops at Golden Hills 951-991 Alamo Dr Local commercial 5 405 m² 78 % Loué À vendre Vacaville, CA 95687 12 148 990 € (2 247,57 €/m²) Taux de capitalisation 6,50 %

Marcus & Millichap is pleased to present the opportunity to acquire The Shops at Golden Hills, a premier multi-tenant shopping center in Vacaville, California. This established retail property offers a mix of national and regional tenants, strong in-place cash flow, and a location in a Northern California growth market. The center is shadow anchored by a Walmart Neighborhood Market, which drives consistent consumer traffic to the site.
With a vacancy rate of approximately 20%, the property presents a significant value-add opportunity for investors to unlock upside through lease-up of available space.
This 58,183-square-foot shopping center, situated on 5.34 acres, consists of 28 suites, providing a diverse mix of retailers, service providers, and dining establishments that cater to the surrounding trade area. Additionally, the offering includes a Jack in the Box on a triple-net (NNN) ground lease, located on its own parcel within the center. This long-term ground lease provides stable, passive income with minimal landlord responsibilities, further enhancing the investment’s appeal.
All tenants at The Shops at Golden Hills operate under triple-net (NNN) leases, with responsibility for their pro rata share of common area maintenance (CAM), property taxes, and property insurance (refer to the operating statement or contact the listing team for details).
The Shops at Golden Hills is located on Alamo Drive, a key commercial corridor in Vacaville, offering excellent visibility and accessibility. The property is minutes from Interstate 80, a major highway connecting Sacramento and the San Francisco Bay Area. This prime location provides high exposure to both local and commuter traffic. The immediate trade area features a dense residential population, further supporting retail demand and tenant success.
Significant Lease-Up Potential & Value-Add Opportunity:
• The property is currently operating at a vacancy rate of approximately 20%, offering an investor the ability to increase NOI through leaseup
of vacant space.
• Shadow-anchored by a Walmart Neighborhood Market, the property benefits from strong daily traffic and increased consumer draw from Walmart’s customer base.
• The Jack in the Box ground lease provides an additional secure income stream with limited landlord maintenance obligations.
The Shops at Golden Hills is located in a growing city positioned between Sacramento and the San Francisco Bay Area. The center benefits from a surrounding residential consumer base, strong commuter traffic, and limited new retail development, bolstering demand for well-located retail space. The three-mile trade area had a reported population exceeding 78,000 in 2023, projected to grow by 2.7% by 2028.
The property benefits from multiple access points, including double-wide curb cuts and dedicated left-turn lanes, ensuring smooth ingress and egress. Prominent monument signage along Alamo Drive enhances visibility for tenants and attracts passing traffic.
This offering presents investors with the opportunity to acquire a well-located shopping center with immediate cash flow and significant upside potential. Currently prevailing financing terms have been underwritten into this offering, providing an attractive leveraged return opportunity.