29 E March Ln - Storefront FOR SALE


Stockton, CA 95207
$5,305,376 USD
760-622-3225
29 E March Ln, Stockton, CA for Sale
$5,305,376 USD
Storefront - FOR SALE
1/9
null | 6.25% Cap Rate

29 E March Ln
Stockton, CA 95207


OVERVIEW

Long-term Net Lease I Corporate Guarantee I Scheduled Rental Increases The lease is signed by CSL Plasma Inc., a subsidiary of CSL Behring, with $9.29 Billion in revenue for 2023 10% rental increases every 5 years throughout the initial term and rental increases to fair market value at the beginning of each option period, growing NOI and hedging against inflation CSL Plasma operates one of the world’s largest and most sophisticated plasma collection networks, with 342 plasma collection centers in the North America, Europe, and China 2021 Remodel I New TPO Membrane Roof I Tenant Investment ($2M+ Costs) The building recently underwent a complete remodel that features a new TPO membrane for the roof that was placed in 2021 The new TPO roof membrane comes with a 20-year manufacturer’s warranty from Versico and a 10-year workmanship and labor warranty Tenant replaced all HVAC units in 2021 and is solely responsible for HVAC system maintenance, repairs, and replacement Tenant has invested more than $2 million in the buildout infrastructure and FF&E for their space, limiting expense leakage for a future investor NN Leased I Fee Simple Ownership I Limited Landlord Responsibilities Landlord responsibilities limited to roof, structure, exterior utility lines and parking lot (repaving) Ideal, low-management investment for a passive investor Signalized, Hard Corner Intersection I Excellent Visibility Located near the signalized, hard corner intersection of E. March Lane and N. El Dorado Street averaging a combined 61,900 vehicles per day The property benefits from excellent visibility via significant street frontage and a large monument sign Positioned Between Prominent Retail Centers I Dense Retail Corridor Ideally situated between prominent retail centers such as Weberstown Mall (855,800 SF), Sherwood Mall (525,000 SF), Stonecreek Village Shopping Center (154,554 SF), and College Square Shopping Center (126,098 SF), significantly increasing consumer draw to the immediate trade area and promoting crossover store exposure for the site The trade area features a variety of national/credit tenants such as Walmart Neighborhood Market, Costco Wholesale, The Home Depot, Target, Macy’s, WinCo Foods, Office Depot, and more Nearby Universities I Direct Residential Consumer Base Located within 2 miles of San Joaquin Delta College (~18,610 students), University of the Pacific (~6,281 students), and Humphreys University (~1,159 students) The site is surrounded by several apartment complexes including Riverbank Apartments (232 units), Villa De La Paix (144 units), Emerald Estates (120 units), and Kentfield Apartments (90 units), providing a direct residential consumer base from which to draw Strong Demographics in 5-Mile Trade Area More than 318,000 residents within 5 miles supporting the trade area Healthy average household income of $94,021

FOR SALE DETAILS

PRICE

$5,305,376 USD

PRICE/SF

$382 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

65

LAND DETAILS

LAND ACRES

1.56 AC

LAND SF

67,954 SF

ZONING

CG

APN/PARCEL ID

102-130-15,102-130-16

ASK ABOUT THIS PROPERTY

Matt McNeillSRS Real Estate PartnersMore Info
760-622-3225

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Matt McNeillSRS Real Estate PartnersMore Info
760-622-3225

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.