535 E. Channel Street presents a unique opportunity to acquire a 5,000 square foot industrial/commercial building leased to a long-standing single tenant under a true NNN lease structure. The current tenant, New Life Apostolic Faith Church, has operated at this location for nearly 20 years and is currently in a 5-year lease term, demonstrating long-term stability and commitment to the site. The lease includes scheduled rent increases through 2027, with the current rent at $3,659/month, rising to $3,768 in 2025 and $3,881 in 2026. The lease requires the tenant to cover all operating expenses including maintenance and property taxes. This asset delivers a Net Operating Income of approximately $43,908, making it a strong candidate for investors, seeking dependable cash flow in a tightly held downtown Stockton market.