2605 March LnStockton, CA 95207

Property Details for 2605 March Ln

Year built

2011

Lot size

2.16 AC

Property size (Sq ft)

16,067 SF

Zone code

C2

Property type

Retail space

APN

112-210-080-000

APU

112210080000

Description

This exceptional investment opportunity presents a fee-simple ownership of a CVS Pharmacy located at 2605 W March Ln, Stockton, CA 95207. The property boasts a substantial 10,800 square foot building situated on a 2.15-acre lot. The property is currently operating under a triple-net (NNN) lease with a corporate guarantee from CVS Pharmacy, ensuring consistent cash flow. The lease commenced on December 21, 2011, and has a remaining term of approximately 12.2 years, expiring January 31, 2037. The current annual net operating income (NOI) is $607,407, yielding a compelling 5.52% cap rate. Built in 1979 and renovated in 1999, this well-maintained property benefits from a strong location within a densely populated area, serving a substantial customer base. The property's performance ranks in the 99th percentile among all CVS pharmacies. This is a rare opportunity to acquire a stable, high-performing retail asset with significant long-term potential in a desirable California market. The asking price for this exceptional investment is $11,000,000. The property's location within Stockton, San Joaquin County, provides access to a population of over 287,000 individuals within a 5-mile radius.

• CAP approach

  CAP return

  Valuation

  6%

  $3,973,303

  6.5%

  $3,667,664

  7%

  $3,405,688

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,780,996

  Geo Method

  $5,780,996

• Alternative Use

  Use

  Valuation

  Residential

  $3,093,812

  Hospitality

  $2,833,915

  Educational

  $2,357,784

  Medical

  $2,438,872

  Retail

  $3,667,664

Location Insight

City

Stockton

County

San Joaquin

State

California

Latitude

37.9853

Longitude

-121.341

CBSA code

44700

CBSA name

STOCKTON, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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