Property History
Property Type
Property Type
Marketing Description
Cushman & Wakefield, as exclusive agent, is proud to present to the market the opportunity to acquire College Square ( College Square or the Property ), a 95% leased and occupied, 126,098 square foot, community shopping center located on March Lane in Stockton, CA.
The Property' s high-quality tenancy includes anchors Hobby Lobby with a brand new 10-year lease and Planet Fitness along with a synergistic mix of local and national tenants including nine separate food and beverage offerings (Baskin-Robbins, T4 Bubble Tea, Capital Donuts, Deli Delicious, Empresso Coffeehouse, Poke Salad, Outback Steakhouse, Tepa Taqueria and Wienerschnitzel).
College Square is one of several major shopping centers in the immediate area including super-regionally-drawing Weberstown Mall and Sherwood Mall, Stone Creek Village and Robinhood Plaza. In addition, the Property is walking distance for over 24,000 students that attend San Joaquin Delta College and University of the Pacific
Investment Highlights
- Hobby Lobby lease extended through August, 2027
- Low near-term rollover risk
- Tenant mix with multiple food-related shops and pads
- Low risk of tenants downsizing formats
- Adjacent to Weberstown and Sherwood Malls
- Dense population of over 305,000 in a 10-mile radius
- Easy access from Interstate 5
- Institutionally managed and maintained
- Offered free and clear
- 12% leveraged yield off Year -1 NOI
Loan History
Financial History
Tax History
Contact Information
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Ownership Information
Property Details
Contacts
Listing removed on
BY:
Don LeBuhn PRO
•••.•••.6716
•••.••buhn@••••••••.com
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