547 Clover RdTracy, CA 95376

Property Details for 547 Clover Rd

Year built

2005

Property size (Sq ft)

10,875 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional retail investment opportunity, Fountain Plaza, presents a 10,875 square foot shopping center in Tracy, CA. Built in 2005, the property boasts a prime location at the intersection of West Clover Road and North Tracy Boulevard, offering excellent visibility from Highway 205. The center is anchored by a Starbucks drive-thru and enjoys a strategic position adjacent to high-traffic businesses such as In-N-Out Burger, McDonald's, and Giant Burgers. The meticulously maintained property features nine units, currently 100% occupied, primarily with long-term tenants. Most tenants are on gross leases or have fixed CAM charges, providing a potential for future NNN lease conversions. The property sits on approximately 1.03 acres and is zoned C-2. With a total net rentable area of 309,211 square feet, the asking price is $5,990,000, representing a 5.16% cap rate and a price per square foot of $550.80. The land value is $133.38 per square foot. The property benefits from attractive signage, patio dining areas, and awnings. The strong tenant base, high occupancy rate, and desirable location make this a compelling investment opportunity. The property's proximity to Highway 205 ensures easy freeway access, enhancing its convenience and accessibility. The area demographics are strong, with over 100,000 people within a 5-mile radius and an average income exceeding $152,000 within the same radius. The current occupancy date is November 6, 2024. The Net Operating Income (NOI) is $309,211.

Location Insight

City

Tracy

County

San Joaquin

State

California

Latitude

37.7616

Longitude

-121.433

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