2318 S Airport Way Stockton, CA 95206
Property Features for 2318 S Airport Way
General Information
- Lot size
- 0.90 Acres
Building Details
- Year built
- 1964
Source:
Nainorcal
Listing Agent: Joshua Ballesteros
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Stockton Single Tenant Investment Opportunity
For sale is a single-tenant net-leased Family Dollar property located at 2318 S Airport Way in Stockton. The property features a 20,300 square foot building on a 0.90-acre lot. The Family Dollar store has 2 years remaining on an initial 10-year lease term, with four five-year options available. The monthly rent per square foot is $0.66. There is a 5.8% rent increase for the first option period, followed by 10% increases in the remaining three option periods. The landlord is responsible for the roof and structure. The property is a corner lot with ample parking and easy access to Interstate 5. It is located in a California Opportunity Zone. While Family Dollar leases the entire building, they may not be utilizing the full 20,300 square feet, presenting a potential future opportunity to renegotiate with Family Dollar and lease a second unit to another tenant.
Location Intelligence
Current Use by Public Records
Family Dollar
Discount Store
Location Insight
- Map
- Local Demand
- City
- Stockton
- County
- San Joaquin
- State
- California
- Longitude
- -121.265801
- Latitude
- 37.929527
Nearby Similar for Sale
FAQs
What type of property is this?
Grocery and convenience store - Single tenant Family Dollar with below market rent.
Where is this grocery and convenience store located?
The property is located at 2318 S Airport Way Stockton, CA.
What is the asking price?
The asking price for this property is $2,133,334.
What are key features of this property?
This property features: - Corporate Guaranteed Tenant: Top performing Family Dollar location provides stable income.; - Below Replacement Cost: Property is priced attractively compared to the cost of building new.; - Lease Term: Initial 10-year lease with 2 years remaining and four 5-year options provides long-term income potential.
