Net-Leased Grocery
4232 East Main Street Stockton, CA 95215
4232 East Main Street, Stockton, CA, 95215
Contact for pricing
For Sale
Contact for pricing
Dollar General Market offered as a turnkey net-leased investment with a corporate-guaranteed NN lease.
Property Size16,668 SF
Price / SF$259.48
Days on Market90
Property Features for 4232 East Main Street
General Information
- Standard status
- Active
- Size
- 16,668 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1950
Listing agency
andersenjung
(415) 397-1966
Listed by
Monica Chung · License #CA 01079185
Source
Crexi
Added: Apr 24 Updated: Jul 22 at 3:02AM Checked: Jul 22 at 3:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of andersenjung
Investment Insights
Based on property information with market context.
Andersen, Jung & Co. presents a turnkey net-leased Dollar General Market in Stockton, California. The property is structured as a net lease with corporate-guaranteed terms and minimal landlord responsibilities. The offering is also leased to Watermill Express, providing additional rental income within the building.
The asset is positioned on a retail corridor and is described as having convenient access from major roads, supporting visibility to passing traffic.
This presentation is offered as a stable, long-term income investment backed by a corporate-guaranteed net-lease framework.
The asset is positioned on a retail corridor and is described as having convenient access from major roads, supporting visibility to passing traffic.
This presentation is offered as a stable, long-term income investment backed by a corporate-guaranteed net-lease framework.
Key Highlights
- Dollar General Market net‑leased investment in Stockton, CA
- Corporate‑guaranteed NN lease with minimal landlord responsibilities
- Year built 1950
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $300.0k | $18.00 |
| − Vacancy | −$14.1k | −$0.85 |
| EGI | $285.9k | $17.15 |
| − OpEx | −$71.5k | −$4.29 |
| NOI | $214.4k | $12.87 |
16,668 SF · lease $18.00/SF/yr · vacancy 4.70% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$3.06M
$2.68M – $3.57M
NOI $214,442 @ 7.0% cap · market cap 4.96%
Second Best
Retail
$2.86M
$2.50M – $3.34M
NOI $200,146 @ 7.0% cap · market cap 4.63%
Theoretical Best
Office A
$4.51M
$3.94M – $5.26M
NOI $315,520 @ 7.0% cap · market cap 7.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Watermill Express
Big Box & Wholesale Store
Cardtronics ATM
Atm
Dollar General Market
Grocery & Convenience Store
Similar For Sale Nearby
Similar Off Market Nearby
- Fiet Market Wilston Way — 3143-2501 doctor m.l.k. jr blvd, stockton, ca 95205
- La Superior Mercados — 3310 E Main St, Stockton, CA 95205
FAQs
What type of property is this?
Grocery and convenience store - Dollar General Market offered as a turnkey net-leased investment with a corporate-guaranteed NN lease.
Where is this grocery and convenience store located?
The property is located at 4232 East Main Street Stockton, CA.
What is the asking price?
The asking price for this property is $4,325,000.
What are key features of this property?
This property features: Dollar General Market net‑leased investment in Stockton, CA; Corporate‑guaranteed NN lease with minimal landlord responsibilities; Year built 1950
