For Sale
$1,850,000

353 Charter WayStockton, CA 95206

Multi-tenant retail investment, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional multi-tenant retail property, located at 353 W Charter Way in Stockton, CA, presents a compelling investment opportunity. The 5,602 square foot building sits on a 0.4-acre lot (APN 147-082-150) and features four units currently occupied by Little Caesars and H&R Block, among others. The property boasts a strong historical occupancy rate and a projected 7.14% pro-forma cap rate, generating a pro-forma NOI of $132,140. Its prime location along W Charter Way, with approximately 20,000 ADT, and its proximity to Interstate 5 (123,000 ADT) ensure high visibility and significant foot traffic. The property benefits from its location in South Stockton, near the Port of Stockton and Stockton Metropolitan Airport, and its proximity to Edison High School further enhances its appeal. The property is zoned for General Commercial use and is offered as a Net Lease (NNN) value-add investment. National tenants in the surrounding area include Dollar General Grocery, O'Reilly's, Denny's, McDonald's, Burger King, Arco, Chevron, 7-Eleven, and Starbucks, indicating a robust and established retail corridor. The presence of the Schuff Steel Plant nearby also contributes to a strong local workforce and customer base. This single-story building represents a rare opportunity to acquire a well-positioned, income-producing retail asset in a thriving Stockton market. The asking price is $1,850,000.

Highlights

  • Proven track record of strong tenant occupancy.
  • Excellent South Stockton location, serving a large workforce including downtown office employees, port workers, and airport personnel.
  • High-visibility retail/food service corridor on I-5 and Hwy 4, offering significant freeway exposure.
  • Strong national co-tenancy including Dollar General, O'Reilly's, Denny's, McDonald's, Burger King, Arco, Chevron, 7-Eleven, and Starbucks.
  • Proximity to a Schuff Steel plant (one of only seven nationwide), providing a substantial local workforce and customer base.
  • High foot traffic generated by nearby Edison High School, particularly during lunch and after school.

Property Details for 353 Charter Way

Property type
Retail properties, Retail space
Square Feet
5,602 SF
Buildings
1
Stories
1
Lot Size (sq. ft)
17,424 SF
Units
4

Location Insight

City
Stockton
County
San Joaquin
State
California
Latitude
37.937908040395
Longitude
-121.2919469439
353 Charter Way, Stockton, California

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
353 Charter Way
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message