Rt Yee & Associates, Inc
Listed by Rt Yee & Associates, Inc
$1,866,500
FREESTANDING DOLLAR TREE STORE
Details
APN 104-080-03
Property Type Retail
Sub Type Convenience Store
Square Footage 8,000
Net Rentable (SqFt) 8,000
Cap Rate 6.00%
NOI $111,992
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar Tree
Lease Type NN+
Lease Expiration 01/31/2029
Remaining Term 3
Lease Options ONE (1) 5 YEAR OPTION: FAIR MARKET RENTS
Year Renovated 2013
Lot Size (SqFt) 39,640
Investment Type Net Lease
Tenant Credit Credit Rated
Ground Lease No
Hard corner pad in shopping center.
Marketing description
Freestanding Dollar Tree store located at 1209 E. March Lane in Stockton, CA. The property features an 8,000 SF building on a 39,640 SF lot with current annual base rent of $121,992 NN. The tenant is responsible for taxes and insurance with CAM expenses capped at approximately $10,000 annually. The lease expires January 31, 2029 with one 5-year option at fair market rents. The landlord is responsible for roof and structure.
Investment highlights
- Freestanding Dollar Tree store with 6% cap rate
- Current base rent: $121,992 annually NN
- Tenant pays taxes and insurance
- CAM expenses capped at approximately $10,000 annually
- Lease expires January 31, 2029
- One (1) 5-year option at fair market rents
- Strong retail location near Walmart, CVS, Starbucks, and other major retailers
Listing Contacts
Rt Yee & Associates, Inc
Listed by Rt Yee & Associates, Inc
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$111,992.00
$9,332.67/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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