2150 Alpine AveStockton, CA 95204

Property Details for 2150 Alpine Ave

Year built

1954

Lot size

1.20 AC

Property size (Sq ft)

21,539 SF

Zone code

71

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

111-100-010-000

APU

111100010000

Description

This exceptional investment opportunity presents a freestanding Dollar General Market in Stockton, CA, boasting 21,304 square feet on a prominent corner lot (1.2 acres). The property, built in 2012 and renovated in 2012, enjoys a triple-net (NNN) lease structure with Dollar General, a tenant with an investment-grade credit rating ("BBB" with S&P and a positive/stable outlook). The lease commenced September 1, 2012, and expires September 30, 2027, with three 5-year renewal options. Currently operating at 100% occupancy, the property generates a substantial net operating income (NOI) of $222,581, representing a 6.50% cap rate. The asking price is $3,424,323 ($160.75 per square foot), significantly below replacement cost. This high-performing location benefits from exceptional visibility and accessibility, receiving 410,000 visits in the last twelve months (per Placer.AI), placing it among the top 1% of Dollar General locations nationwide. The surrounding area demonstrates strong demographics, including over 22,000 people within a 1-mile radius and over 118,000 within 3 miles, with projected population growth of 3.45% within the next 5 years. Furthermore, the property's proximity to I-5 (over 110,000 vehicles per day), the University of the Pacific, San Joaquin Delta College, and downtown Stockton ensures consistent high traffic and customer flow. A new roof, installed in March 2024, comes with a 20-year warranty. This is a rare opportunity to acquire a well-positioned, high-performing retail asset with a strong tenant and significant upside potential.

Location Insight

City

Stockton

County

San Joaquin

State

California

Latitude

37.9714

Longitude

-121.332

CBSA code

44700

CBSA name

STOCKTON, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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