For Sale
$3,200,000

7616 Pacific AveStockton, CA 95207

Stockton, CA: 5-Tenant Retail Center

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional value-add retail investment opportunity in Stockton, CA, presents a 16,970 square foot, 100% occupied shopping center on a 2.31-acre lot. The property, built in 1977, features five tenants, including a restaurant, nail salon, and dental practice, under NNN leases. With a strong Net Operating Income (NOI) of $243,696 and a 7.62% cap rate, this multi-tenant property offers a compelling return on investment. The asking price is $3,200,000. Located at 7616 Pacific Ave, the center benefits from high visibility on a major commercial corridor, attracting significant foot traffic. The property boasts a weighted average lease term (WALT) of approximately three years, and the majority of tenants have occupied the space for over 13 years, demonstrating remarkable tenant loyalty and stability. The surrounding area exhibits robust demographics, with average household incomes exceeding $110,000 within a one-mile radius, supporting the property's continued success and potential for future growth. The property's location within the Hammer Ranch Center, near other established businesses, further enhances its appeal and ensures consistent customer traffic. This is a rare opportunity to acquire a well-positioned, stable, and high-performing retail investment property in a thriving market. The property's strong tenant base, favorable lease terms, and prime location make it an ideal addition to any investment portfolio. The property's APN is 081-500-120-000.

Highlights

  • 16,970 SF, 100% occupied retail center on a 2.31-acre lot in Stockton, CA. The property features five tenants under NNN leases, including a restaurant, nail salon, and dental practice.
  • High-visibility location in the Hammer Ranch Center on Pacific Ave, anchored by Save Mart, with strong neighboring tenants including Smart & Final, Michaels, and others.
  • Strong tenant commitment with a weighted average lease term (WALT) of approximately three years and most tenants in place for over 13 years.
  • Affluent demographics: Average household income exceeding $118,943 within a one-mile radius, $112,110 within three miles, and $112,340 within five miles. Proximity to San Joaquin Delta College and Weberstown Mall.
  • $3,200,000 asking price, $243,696 NOI, and a 7.62% cap rate. APN: 081-500-120-000.

Property Details for 7616 Pacific Ave

Property type
Lifestyle centers, Power centers
Square Feet
16,970 SF
Year Built
1977
Lot Size (sq. ft)
100,624 SF
Units
5

Location Insight

City
Stockton
County
San Joaquin
State
California
Latitude
38.018738714676
Longitude
-121.3218706287
7616 Pacific Ave, Stockton, California

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7616 Pacific Ave
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