3300 N Naglee Rd - Movie Theatre FOR SALE


Tracy, CA 95376
$9,500,000 USD
949-698-1105
3300 N Naglee Rd, Tracy, CA for Sale
$9,500,000 USD
Movie Theatre - FOR SALE
1/9
null | 8.06% Cap Rate

3300 N Naglee Rd
Tracy, CA 95376


HIGHLIGHTS

  • Recent 5-Year Lease Extension | Percentage Rent | Strong Sales Figures
  • NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
  • West Valley Mall (110+ Acres) | Only Movie Theater in Tracy | Primary Retail Corridor
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, Cinemark investment property located in Tracy, California. The tenant, Cinemark, Inc has over 5 years remaining of lease term with a one (5-year) option to extend. The lease features a $1/SF/Yr rental increase at the beginning of the 5 year option, steadily growing NOI and providing a hedge against inflation. The lease is NN, with the Landlord responsible for the roof, structure, and liability insurance. Cinemark has enjoyed nearly 30 years of operating history at this location, having originally signed the lease in 1996 and recently exercised a five-year extension, showing their commitment to the site. This Cinemark location reported $7.6 million in gross sales in 2024 and is on track to reach approximately $9.4 million in 2025. Cinemark pays percentage rent equal to 10% of all sales above 8.5 million, providing an opportunity for additional income. Cinemark is a junior anchor to the 760,000 SF West Valley Mall and is not yet parcelized. A buyer will be responsible for subdividing the property during escrow.

FOR SALE DETAILS

PRICE

$9,500,000 USD

PRICE/SF

$195 USD /SF

CAP RATE

8.06%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cinemark

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Movie Theatre

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

198

LAND DETAILS

LAND ACRES

1.15 AC

LAND SF

50,000 SF

ZONING

PUD

APN/PARCEL ID

212-050-31

ASK ABOUT THIS PROPERTY

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949-698-1105

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Winston GuestSRS National Net LeaseMore Info
949-698-1105

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.