811 E March Ln - Storefront FOR SALE


Stockton, CA 95207- Weberstown/Kentfield
$1,500,000 USD
657-351-9929
811 E March Ln, Stockton, CA for Sale
$1,500,000 USD
Storefront - FOR SALE
1/18
null | 6% Cap Rate

811 E March Ln
Stockton, CA 95207
Weberstown/Kentfield


HIGHLIGHTS

  • Adjacent to Walmart Neighborhood Center and Major National Retailers
  • Value Add with Under Market Rents: $1.66/SF Blended
  • Ease of Management: Fully Occupied, all NNN Leases, Internet-resistant service tenants
  • Excellent Visibility and Access: Signalized Corner Location
  • Inflation Hedge: Built-in 3% Annual Increases

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$333 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NorCal Retail - 6.00% Cap - Fully Occupied

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

General Commercial

APN/PARCEL ID

104-090-19

ASK ABOUT THIS PROPERTY

Bryant TranMarcus & MillichapMore Info
657-351-9929

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

Bryant TranMarcus & MillichapMore Info
657-351-9929

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