3939 E Hammer Ln
23,500 SF Freestanding Retail | 100% Leased to Flooring Liquidators | 6.25% Cap
Marketing description
3939 E Hammer Ln is a ±23,500 SF freestanding retail building located in Stockton, CA, positioned along one of the city’s busiest commercial corridors. Built in 1999 and situated on a ±2.48-acre parcel, the property features excellent visibility, ample parking, and convenient access to major arterials serving the Stockton trade area.
The property is 100% leased to Flooring Liquidators, a leading flooring retailer with 20 warehouse-format locations across California and Nevada. In 2023, the company was acquired by Live Ventures (Nasdaq: LIVE) in an $84 million transaction, reinforcing its financial strength and growth trajectory.
Flooring Liquidators executed a 10-year NNN lease commencing January 2023, with three 5-year renewal options. The lease generates $21,150 per month ($0.90/SF) or $253,800 annually, with minimal landlord responsibilities limited to roof and structure. At the revised offering price of $4,060,800, the investment provides a 6.25% cap rate on in-place income.
This offering combines strong tenant credit, long-term lease security, and an attractive Stockton location, making 3939 E Hammer Ln a stable, income-producing retail investment opportunity.
Investment highlights
±23,500 SF freestanding retail building on ±2.48 acres, built in 1999
100% leased to Flooring Liquidators under a 10-year NNN lease (Jan 2023 – Dec 2032) with 3 × 5-year renewal options
Current rent: $21,150/month ($253,800/year) or $0.90/SF
Offered at $4,060,800 with a 6.25% cap rate
Strong tenant profile: Flooring Liquidators acquired by Live Ventures (Nasdaq: LIVE) in 2023 in an $84M transaction
Excellent visibility and access along East Hammer Ln, a major Modesto retail corridor
Minimal landlord responsibilities (roof & structure only) under NNN lease
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