29 March LnStockton, CA 95207

Property Details for 29 March Ln

Lot size

0.83 AC

Zone code

C2

Property type

Parking lots & garages

APN

102-130-150-000

APU

102130150000

Description

This exceptional investment opportunity presents a 13,903 square foot, single-tenant net-leased retail property located at 29 E March Ln, Stockton, CA 95207. The property, built in 1998 and extensively renovated in 2021, is currently 100% occupied by CSL Plasma, a subsidiary of CSL Behring, under a corporate-guaranteed lease with 11.5 years remaining until the initial term expires on January 1st, 2036. The lease features two 5-year renewal options and includes 10% rent increases every five years throughout the initial term, followed by increases to fair market value at the start of each option period. The current asking price is $5,305,376, representing a 6.25% cap rate and a price per square foot of $381.60. The property boasts a strong NOI of $331,586. Landlord responsibilities are limited to roof, structure, exterior utilities, and parking lot maintenance. The 1.56-acre lot includes 65 parking spaces and is situated on a signalized, hard corner intersection with excellent visibility and high traffic counts (61,900 vehicles daily). The property benefits from its location in a dense retail corridor near major shopping centers and universities, providing a substantial consumer base and strong demographics within a 5-mile radius. The 2021 renovation included a new TPO membrane roof with a 20-year manufacturer's warranty and replacement of all HVAC units. The tenant has invested over $2 million in build-out, minimizing future expense leakage for the investor. The property is zoned GC - General Commercial and features a large monument sign. This is an ideal, low-management investment opportunity with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $6,765,280

  6.5%

  $6,244,880

  7%

  $5,798,810

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,344,790

  Geo Method

  $5,344,790

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $11,996,900

  Mixed-Use / Specialty

  $6,295,830

  Hospitality / Lodging

  $4,714,380

  Office

  $6,334,690

  Institutional / Educational

  $6,571,290

  Residential Income

  $7,688,410

  Multifamily

  $8,815,170

  Automotive / Energy

  $5,632,540

  Parking / Income-Based Land

  $1,871,380

  Restaurant / Food Service

  $3,430,770

  Healthcare / Senior Housing

  $6,381,170

Location Insight

City

Stockton

County

San Joaquin

State

California

Latitude

37.9971

Longitude

-121.305

CBSA code

44700

CBSA name

STOCKTON, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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