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NorCal Retail - 6.32% Cap - Fully Occupied 811 E March Ln 4,500 SF 100% Leased Retail Building Stockton, CA 95207 $1,425,000 ($316.67/SF) 6.32% Cap Rate
INVESTMENT HIGHLIGHTS
- Adjacent to Walmart Neighborhood Center and Major National Retailers
- Ease of Management: Fully Occupied, all NNN Leases, Internet-resistant service tenants
- Inflation Hedge: Built-in 3% Annual Increases
- Value Add with Under Market Rents: $1.66/SF Blended
- Excellent Visibility and Access: Signalized Corner Location
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present the opportunity to purchase 811 E March Lane, a fully occupied Retail investment property located in Stockton, San Joaquin County, California.
Fronting March Lane at the Signalized corner with Holiday Drive where the combined Daily Traffic count exceeds 42,700 CPD, the Property is strategically located on a Major Retail Corridor surrounded by National Retailers including Walmart Neighborhood Market, Dollar Tree, McDonald’s, Taco Bell, Dutch Bros, DaVita, Starbucks, etc. Less than One mile West of the Property is Weberstown Mall, a Regional Mall with Macy’s, Dillard’s, Sprouts Farmers Market, Best Buy, Petco, Target, CVS, among many others.
The Property is currently fully occupied by Internet-resistant tenants all on short-term NNN leases with 3% annual increases. The current Blended rent is only $1.66/SF, offering significant upside by raising rents to market.
Fronting March Lane at the Signalized corner with Holiday Drive where the combined Daily Traffic count exceeds 42,700 CPD, the Property is strategically located on a Major Retail Corridor surrounded by National Retailers including Walmart Neighborhood Market, Dollar Tree, McDonald’s, Taco Bell, Dutch Bros, DaVita, Starbucks, etc. Less than One mile West of the Property is Weberstown Mall, a Regional Mall with Macy’s, Dillard’s, Sprouts Farmers Market, Best Buy, Petco, Target, CVS, among many others.
The Property is currently fully occupied by Internet-resistant tenants all on short-term NNN leases with 3% annual increases. The current Blended rent is only $1.66/SF, offering significant upside by raising rents to market.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
4,500 SF
Building Class
C
Year Built
1989
Price
$1,425,000
Price Per SF
$316.67
Cap Rate
6.32%
NOI
$90,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
0.51 AC
Zoning
GC - General Commercial
Parking
18 Spaces (4 Spaces per 1,000 SF Leased)
Frontage
97’ on E March
AMENITIES
- Corner Lot
- Signage
- Signalized Intersection
- Wheelchair Accessible
- Air Conditioning
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Lockman Financial
- -
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Lockman Financial | - | - | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score®
Very Walkable (74)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 104-090-19 | Improvements Assessment | $705,000 |
| Land Assessment | $450,000 | Total Assessment | $1,155,000 |
PROPERTY TAXES
Parcel Number
104-090-19
Land Assessment
$450,000
Improvements Assessment
$705,000
Total Assessment
$1,155,000
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NorCal Retail - 6.32% Cap - Fully Occupied | 811 E March Ln
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