7616 Pacific AveStockton, CA 95207

  • Other commercial real estate
  • 8,212 SF
For Sale
$3,200,000 View listing

Property Details for 7616 Pacific Ave

Year built
1977
Lot size
2.31 AC
Property size (Sq ft)
8,212 SF
Property type
Other 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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,581,278
    Hospitality
    $1,448,442
    Educational
    $1,205,086
    Medical
    $1,246,531
    Retail
    $1,874,579
7616 Pacific Ave, Stockton, California

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$22,307
$762,201
$1,016,461
$1,778,662
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