For Sale
$5,305,376

29 March LnStockton, CA 95207

High-yield, corporate-guaranteed medical investment.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 13,903 square foot, single-tenant net-leased retail property located at 29 E March Ln, Stockton, CA 95207. The property, built in 1998 and extensively renovated in 2021, is currently 100% occupied by CSL Plasma, a subsidiary of CSL Behring, under a corporate-guaranteed lease with 11.5 years remaining until the initial term expires on January 1st, 2036. The lease features two 5-year renewal options and includes 10% rent increases every five years throughout the initial term, followed by increases to fair market value at the start of each option period. The current asking price is $5,305,376, representing a 6.25% cap rate and a price per square foot of $381.60. The property boasts a strong NOI of $331,586. Landlord responsibilities are limited to roof, structure, exterior utilities, and parking lot maintenance. The 1.56-acre lot includes 65 parking spaces and is situated on a signalized, hard corner intersection with excellent visibility and high traffic counts (61,900 vehicles daily). The property benefits from its location in a dense retail corridor near major shopping centers and universities, providing a substantial consumer base and strong demographics within a 5-mile radius. The 2021 renovation included a new TPO membrane roof with a 20-year manufacturer's warranty and replacement of all HVAC units. The tenant has invested over $2 million in build-out, minimizing future expense leakage for the investor. The property is zoned GC - General Commercial and features a large monument sign. This is an ideal, low-management investment opportunity with significant upside potential.

Highlights

  • 13,903 SF single-tenant net-leased retail property in Stockton, CA, fully occupied by CSL Plasma under a corporate-guaranteed lease with 11.5 years remaining and two 5-year options.
  • The property features 10% rent increases every five years during the initial term, followed by market-rate increases at each option period. Current asking price is $5,305,376, representing a 6.25% cap rate and $381.60/SF. NOI is $331,586. Landlord responsibilities are limited to roof, structure, exterior utilities, and parking lot.
  • 2021 renovations included a new TPO roof with a 20-year warranty and HVAC replacement. Tenant invested over $2 million in build-out.
  • Located on a signalized, hard-corner intersection with 61,900 VPD, offering excellent visibility and a large monument sign. The 1.56-acre lot includes 65 parking spaces.
  • Situated in a dense retail corridor near major shopping centers (Weberstown, Sherwood, Stonecreek, College Square) and universities (San Joaquin Delta College, University of the Pacific, Humphreys University), providing a strong consumer base. The 5-mile radius boasts over 318,000 residents with an average household income of $94,021.

Property Details for 29 March Ln

Property type
Retail properties, Medical space
Square Feet
13,903 SF
Year Built/Renovated
1998/2021
Buildings
1
Lot Size (sq. ft)
67,954 SF

Location Insight

City
Stockton
County
San Joaquin
State
California
Latitude
37.997722720475
Longitude
-121.3049735546
29 March Ln, Stockton, California

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29 March Ln
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