The Wareeth Group is pleased to present exclusively for sale the 12,359-square-foot Stockton Boulevard Strip Center at 6955 Stockton Boulevard in Sacramento, California. This triple-net investment opportunity offers attractive assumable financing at a 4% interest rate, a 25-year fully amortizing loan with eight years until rate adjustment, all at a $1.66 million loan balance. The new owner can capitalize on the site's potential rental upside as the current leases are below market rents at a $16.87-per-square-foot base.
Stockton Boulevard Strip Center is at the signalized corner of Stockton Boulevard and Lindale Drive, providing excellent visibility and a secure investment. This mixed-use destination has building and monument signage visible to the 40,121 vehicles passing each day. The center showcases a well-established, local tenant mix in various business types, such as barbershops, restaurants, medical, auto parts, and professional services. Well-maintained, the roof has been completely redone, and four AC units have been replaced.
Shadow-anchored by Walmart Supercenter, Stockton Boulevard Strip Center is along a significant north-south retail corridor, home to numerous shopping, dining, lodging, and entertainment establishments. The property is conveniently located a mile from Highway 99, Interstate 5, and the Sacramento Executive Airport, 8 miles away. South Sacramento is an expansive residential community with a growing population of 413,127 people within 5 miles of the property. A large commercial development is in the planning stages at the former Forin Mall site directly behind the property.