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    353 Charter Way Stockton, CA 95206

    For Sale
    $1,850,000

    Multi-tenant retail investment, strong NOI.

    Property size:
    5,602 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional multi-tenant retail property, located at 353 W Charter Way in Stockton, CA, presents a compelling investment opportunity. The 5,602 square foot building sits on a 0.4-acre lot (APN 147-082-150) and features four units currently occupied by Little Caesars and H&R Block, among others. The property boasts a strong historical occupancy rate and a projected 7.14% pro-forma cap rate, generating a pro-forma NOI of $132,140. Its prime location along W Charter Way, with approximately 20,000 ADT, and its proximity to Interstate 5 (123,000 ADT) ensure high visibility and significant foot traffic. The property benefits from its location in South Stockton, near the Port of Stockton and Stockton Metropolitan Airport, and its proximity to Edison High School further enhances its appeal. The property is zoned for General Commercial use and is offered as a Net Lease (NNN) value-add investment. National tenants in the surrounding area include Dollar General Grocery, O'Reilly's, Denny's, McDonald's, Burger King, Arco, Chevron, 7-Eleven, and Starbucks, indicating a robust and established retail corridor. The presence of the Schuff Steel Plant nearby also contributes to a strong local workforce and customer base. This single-story building represents a rare opportunity to acquire a well-positioned, income-producing retail asset in a thriving Stockton market. The asking price is $1,850,000.

    Property Features for 353 Charter Way

    General Information

    Property type
    Individual retail properties
    Square Feet
    5,602 SF
    Lot Size
    17,424 SF

    Building Details

    Buildings
    1
    Stories
    1
    Units
    4

    HighLights

    • Proven track record of strong tenant occupancy.
    • Excellent South Stockton location, serving a large workforce including downtown office employees, port workers, and airport personnel.
    • High‑visibility retail/food service corridor on I‑5 and Hwy 4, offering significant freeway exposure.
    • Strong national co‑tenancy including Dollar General, O'Reilly's, Denny's, McDonald's, Burger King, Arco, Chevron, 7‑Eleven, and Starbucks.
    • Proximity to a Schuff Steel plant (one of only seven nationwide), providing a substantial local workforce and customer base.
    • High foot traffic generated by nearby Edison High School, particularly during lunch and after school.
    Property Profile Location Intelligence

    Current Use by Public Records

    Little Caesars Pizza Pizza Restaurant Go Unlimited PCS Electronics Store California Check Cashing ... Financial Institution Stockton Computer Repair Computer Repair Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Stockton
    County
    San Joaquin
    State
    California
    Longitude
    -121.2919469439
    Latitude
    37.937908040395

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    FAQs

    What type of property is this?
    Individual retail property - Multi-tenant retail investment, strong NOI.
    Where is this individual retail property located?
    The property is located at 353 Charter Way Stockton, CA.
    What is the asking price?
    The asking price for this property is $1,850,000.
    What are key features of this property?
    This property features: Proven track record of strong tenant occupancy.; Excellent South Stockton location, serving a large workforce including downtown office employees, port workers, and airport personnel.; High-visibility retail/food service corridor on I-5 and Hwy 4, offering significant freeway exposure.
    Request Owner's contact information
    353 Charter Way Stockton, CA 95206
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    Stockton, CA 95206
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    353 Charter Way Stockton, CA 95206
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