For Sale
$1,650,000

1110 Robinhood DrStockton, CA 95207

NNN Lease, Corporate Guarantee, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
114
Exceptional investment opportunity: a single-tenant, 3,300 square foot medical office building in Stockton, CA, currently occupied by a corporate-guaranteed orthodontic practice. The property boasts a 10-year NNN lease (commencing June 14, 2024, expiring June 30, 2034), offering 9.6 years of remaining lease term with two five-year renewal options and a 3% annual rent increase. The asking price is $1,650,000, representing a $500 per square foot cost and a 6.00% cap rate, with a current NOI of $99,000. The building, constructed in 1970 and extensively renovated in 2019 and 2023, sits on a 0.46-acre lot and includes 22 parking spaces. The property features a Class C designation, is 100% occupied, and benefits from a fee simple ownership structure. Located at 1110 W Robinhood Dr, Stockton, CA 95207, this property is zoned for commercial office use and enjoys a prime location near various amenities, including restaurants, educational institutions, and other businesses. The roof was sealed and silicone coated in 2021 with a 20-year warranty, and the parking lot was paved and striped in the same year. This investment offers minimal landlord responsibilities and benefits from the inherent resilience of orthodontic practices to economic downturns.

Highlights

  • NNN lease with 3% annual escalations.
  • Minimal landlord responsibilities.
  • Roof resealed and silicone coated in 2021 (20-year warranty).
  • Parking lot paved and striped in 2021.
  • Fully renovated interior.
  • Ample on-site parking.

Property Details for 1110 Robinhood Dr

Property type
Office properties, Medical offices
Square Feet
3,300 SF
Class
C
Year Built
1970
Buildings
1
Stories
1
Lot Size (sq. ft)
20,038 SF
Units
1

Location Insight

City
Stockton
County
San Joaquin
State
California
Latitude
37.9994477
Longitude
-121.3204702
1110 Robinhood Dr, Stockton, California

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1110 Robinhood Dr
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