7616 Pacific AveStockton, CA 95207

Property Details for 7616 Pacific Ave

Year built

1977

Lot size

2.31 AC

Property size (Sq ft)

8,212 SF

Property type

Commercial real estate

APN

081-500-210-000

APU

81500210000

Description

This exceptional value-add retail investment opportunity in Stockton, CA, presents a 16,970 square foot, 100% occupied shopping center on a 2.31-acre lot. The property, built in 1977, features five tenants, including a restaurant, nail salon, and dental practice, under NNN leases. With a strong Net Operating Income (NOI) of $243,696 and a 7.62% cap rate, this multi-tenant property offers a compelling return on investment. The asking price is $3,200,000. Located at 7616 Pacific Ave, the center benefits from high visibility on a major commercial corridor, attracting significant foot traffic. The property boasts a weighted average lease term (WALT) of approximately three years, and the majority of tenants have occupied the space for over 13 years, demonstrating remarkable tenant loyalty and stability. The surrounding area exhibits robust demographics, with average household incomes exceeding $110,000 within a one-mile radius, supporting the property's continued success and potential for future growth. The property's location within the Hammer Ranch Center, near other established businesses, further enhances its appeal and ensures consistent customer traffic. This is a rare opportunity to acquire a well-positioned, stable, and high-performing retail investment property in a thriving market. The property's strong tenant base, favorable lease terms, and prime location make it an ideal addition to any investment portfolio. The property's APN is 081-500-120-000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,565,690

  6.5%

  $1,445,250

  7%

  $1,342,020

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,172,510

  Geo Method

  $1,172,510

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,737,090

  Retail / Commercial

  $1,424,760

  Mixed-Use / Specialty

  $1,436,390

  Hospitality / Lodging

  $1,075,580

  Office

  $1,445,250

  Institutional / Educational

  $1,499,240

  Residential Income

  $1,754,100

  Multifamily

  $2,011,170

  Automotive / Energy

  $1,285,060

  Parking / Income-Based Land

  $426,954

  Restaurant / Food Service

  $782,727

  Healthcare / Senior Housing

  $1,455,860

Location Insight

City

Stockton

County

San Joaquin

State

California

Latitude

38.0189

Longitude

-121.322

CBSA code

44700

CBSA name

STOCKTON, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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