353 Charter Way Stockton, CA 95206

Property Details for 353 Charter Way

Lot size

0.40 lot acres

Property size

5,602 SF

Property type

Retail properties

Property subtype

Retail space

Description

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.