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23931227
23931226

811 E March Ln, Stockton, CA 95207 For Sale

BT
02173105
Marcus & Millichap
Listed by Marcus & Millichap
$1,321,000
401 days on market
Updated 2 days ago

MARCH LANE RETAIL STOCKTON

Details
APN 104-090-19
Property Type Retail
Sub Type Shopping Center
Square Footage 4,500
Net Rentable (SqFt) 4,500
Units 4
Cap Rate 7%
NOI $92,498
Occupancy 100%
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Pro-Forma Cap Rate 8.99%
Pro-Forma NOI $118,692
Price per SqFt $294
Year Built 1994
Stories 1
Investment Type Value Add
Ownership Fee Simple
Sale Condition 1031 exchange

Value Add Stockton Retail Busy Hard Corner

Marketing description

Investment highlights

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.

Listing Contacts

BT
02173105
Marcus & Millichap
Listed by Marcus & Millichap

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$92,498.00
$7,708.17/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

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