3720 Tracy BlvdTracy, CA 95304

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

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.

• 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

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

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