For Sale
$1,976,000

1537 Wilson WayStockton, CA 95205

Prime QSR Net Lease Investment. High Traffic Location.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a freestanding, 3,040 square foot QSR restaurant building located at 1537 N Wilson Way, Stockton, CA 95205. The property, built in 2008, sits on a 0.76-acre lot and benefits from a highly visible location at the signalized intersection of N. Wilson Way and E. Harding Way, experiencing 30,500 vehicles daily. The building features a drive-thru, enhancing operational efficiency and customer convenience. Currently 100% occupied by Kiki's Chicken under a Net Lease (NNN) agreement, the lease commenced on October 1, 2024, and has a remaining term of seven years, expiring December 15, 2031. The lease includes three percent annual rent bumps and two five-year renewal options. The asking price is $1,976,000, representing a 6.00% cap rate. The property is zoned GC and boasts proximity to major national retailers, ensuring high visibility and consistent customer traffic. This single-tenant, single-story building offers a secure, passive income stream with significant upside potential. The property's APN is 117-200-280. The tenant has no credit rating.

Highlights

  • Freestanding 3,040 SF QSR building on a 0.76-acre lot in Stockton, CA.
  • High-visibility location at a signalized intersection with 30,500 VPD.
  • Drive-thru enhances operational efficiency.
  • 100% occupied by Kiki's Chicken under a NNN lease with 7 years remaining (expiring 12/15/31), including 3% annual rent increases and two 5-year options.
  • Asking price: $1,976,000, 6.00% cap rate.
  • GC zoning, proximate to major national retailers.

Property Details for 1537 Wilson Way

Property type
Retail properties
Square Feet
3,040 SF
Year Built
2008
Buildings
1
Stories
1
Lot Size (sq. ft)
33,106 SF

Location Insight

City
Stockton
County
San Joaquin
State
California
Latitude
37.97115458
Longitude
-121.27572012
1537 Wilson Way, Stockton, California

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1537 Wilson Way
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