For Sale
$4,600,000
520 Lodi AveLodi, CA 95240
- Added:
- Dec 11, 2024
- Days on market:
- 115
Highlights
- Listed 09/05/24; Recently reduced to $4.6M (10% price cut).
- Absolute NNN lease with Rite Aid, extending to December 31, 2029.
- Below-market rent of $281,500 annually ($0.82/sq.ft./month), offering a 6.1% cap rate.
- Significant rent increases expected in 2030, projecting a 7.65% cap rate and potentially exceeding 10% over time.
- Tenant pays all CAM expenses and roof maintenance (new roof installed in 2016).
Property Details for 520 Lodi Ave
- Property type
- Retail properties, Drug stores
- Square Feet
- 28,456 SF
- Class
- A
- Year Renovated
- 2015
- Buildings
- 1
- Stories
- 1
Location Insight
- City
- Lodi
- County
- San Joaquin
- State
- California
- Latitude
- 38.1304288
- Longitude
- -121.422761
520 Lodi Ave, Lodi, California
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