For Sale
$4,600,000

10408 Trinity Pkwy Stockton, CA 95219

High-Yield Multi-Tenant Storefront

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional investment opportunity presents a 17,673 square foot multi-tenant storefront in Stockton, CA, currently leased to Dollar Tree and See's Candies. Located within the high-traffic Park West Place power center, anchored by Target and Lowe's, this property boasts a strong 5.50% cap rate and a substantial NOI of $253,159. Built in 2007 on a 1.63-acre lot, the property benefits from a signalized entrance and excellent freeway access via I-5 (82,000 CPD). Both tenants have demonstrated long-term commitment, with Dollar Tree recently exercising a 5-year option. Dollar Tree, a top 5% performer nationwide, and See's Candies, a Berkshire Hathaway subsidiary, occupy this strategically located space within a dominant retail center attracting 6.8 million annual visitors (Placer.ai). The property features below-market rents averaging $14.34 per square foot, presenting significant upside potential. The surrounding area exhibits strong demographics, with an average household income exceeding $137,000 within a 1-mile radius and 98% population growth within a 3-mile radius from 2010 to 2020. This NNN-leased property offers a compelling investment opportunity with significant long-term growth potential. The asking price is $4,600,000. The property's APN is 066-020-200-000.

Highlights

  • $4,600,000 asking price for a 17,673 square foot multi-tenant retail storefront in Stockton, CA.
  • 5.50% cap rate with a $253,159 NOI.
  • NNN lease type.
  • Located at 10408 Trinity Pkwy, Stockton, CA 95219, on a 1.63-acre lot.
  • Property features Dollar Tree and See's Candies as tenants, both with long-term leases and strong performance. Dollar Tree is a top 5% performer nationwide.
  • Located in the Park West Place power center, anchored by Target and Lowe's, with over 6.8 million annual visitors. The center is in the top 2% of shopping centers nationwide.

Property Details for 10408 Trinity Pkwy

Property type
Retail properties, Retail space
Year Built
2007
Lot Size (sq. ft)
71,003 SF

Location Insight

City
Stockton
County
San Joaquin
State
California
Latitude
38.051828824483
Longitude
-121.37446809073

FAQs

What type of property is this?
Retail property - High-Yield Multi-Tenant Storefront
Where is the retail property located?
The property is located at 10408 Trinity Pkwy Stockton, CA.
What is the asking price?
The asking price for this property is $4,600,000.
What are key features of this property?
This property features: $4,600,000 asking price for a 17,673 square foot multi-tenant retail storefront in Stockton, CA.; 5.50% cap rate with a $253,159 NOI.; NNN lease type.
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.
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10408 Trinity Pkwy
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