Shopping Cart

You have no items in your shopping cart.

Property Detail

Stockton Boulevard
Exceptional NNN investment opportunity to acquire a mixed-use destination with a diverse local .
$3,372,200
Manufacturer: https://www.manta.com/

Description

  • Exceptional NNN investment opportunity to acquire a mixed-use destination with a diverse local tenant mix and attractive assumable financing.
  •  
  • At the well-traveled signalized corner of Stockton Blvd and Lindale Dr, with signage visible to over 40,000 vehicles per day and easy ingress/egress.
  • Neighboring retailers include Walmart Supercenter, Dollar Tree, Burlington, Chuze Fitness, Krispy Kreme, Bank of America, Popeyes, and PetSmart.
  •  
  • Situated in an evolving area that's projected to see construction along Stockton Blvd and a 3% increase in population over the next five years.

Executive Summary

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.

 

Stockton Boulevard Strip Center

Listing ID : 00716

SKU: 716

Property Enquiry Form

Please fill the form below to know more about the property

Price History

DateEventPrice
December 9 2024Listed$3,372,200.00