547 Clover Rd Tracy, CA 95376

This exceptional retail investment opportunity, Fountain Plaza, presents a 10,875 square foot shopping center in Tracy, CA. Built in 2005, the property boasts a prime location at the intersection of West Clover Road and North Tracy Boulevard, offering excellent visibility from Highway 205. The center is anchored by a Starbucks drive-thru and enjoys a strategic position adjacent to high-traffic businesses such as In-N-Out Burger, McDonald's, and Giant Burgers. The meticulously maintained property features nine units, currently 100% occupied, primarily with long-term tenants. Most tenants are on gross leases or have fixed CAM charges, providing a potential for future NNN lease conversions. The property sits on approximately 1.03 acres and is zoned C-2. With a total net rentable area of 309,211 square feet, the asking price is $5,990,000, representing a 5.16% cap rate and a price per square foot of $550.80. The land value is $133.38 per square foot. The property benefits from attractive signage, patio dining areas, and awnings. The strong tenant base, high occupancy rate, and desirable location make this a compelling investment opportunity. The property's proximity to Highway 205 ensures easy freeway access, enhancing its convenience and accessibility. The area demographics are strong, with over 100,000 people within a 5-mile radius and an average income exceeding $152,000 within the same radius. The current occupancy date is November 6, 2024. The Net Operating Income (NOI) is $309,211.