3720 Tracy BlvdTracy, CA 95304

  • Retail properties
  • 4,625 SF
For Sale
$3,050,000 View listing

Property Details for 3720 Tracy Blvd

Year built
1985
Lot size
0.60 AC
Property size (Sq ft)
4,625 SF
Zone code
46
Property type
Retail properties
Property subtype
Turn key restaurants
APN
212-250-030-000
APU
212250030000

Description

This exceptional investment opportunity presents a fee-simple ownership of a 4,625 square foot Denny's restaurant located at 3720 N Tracy Blvd, Tracy, CA 95304. The property boasts a strong 5.25% cap rate, generating a current NOI of $160,000 annually. Secured by a long-term, absolute NNN lease with a nationally recognized franchisee, the lease extends until December 12, 2037, offering 13.1 years of remaining term. Rent increases are built in, with a scheduled jump to $176,000 annually on January 1, 2029. The property sits on a substantial 26,136 square foot lot and includes two-five year lease options. Built in 1982, this single-story building is zoned for restaurant use and enjoys 100% occupancy. This is a rare chance to acquire a stable, high-performing asset in a desirable location. The asking price is $3,050,000. The property's APN is 212-250-030-000. This is a sale for leaseback transaction.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,837,202
    6.5%
    $1,695,879
    7%
    $1,574,744
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,250,696
    Geo Method
    $3,250,696
  • Alternative Use

    Use
    Valuation
    Residential
    $1,430,537
    Hospitality
    $1,310,364
    Educational
    $1,090,208
    Medical
    $1,127,702
    Retail
    $1,695,879
3720 Tracy Blvd, Tracy, California

Location Insight

City
Tracy
County
San Joaquin
State
California
Latitude
37.7636
Longitude
-121.435
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
$18,443
$534,777
$1,171,962
$1,706,739
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