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.