10408 Trinity Pkwy Stockton, CA 95219-7225
- Commercial real estate
- 17,543 SF
- 1.63 lot acres
Current Use by Public Records
- Dollar Tree / Discount Store
- See's Candies / Specialty Food Shop / Candy Store
- Amazon Locker - Regi / Courier Service / Postal Service
- See's Candy Quantity Discount Store / Department Store
Property Details for 10408 Trinity Pkwy
- Year built
- 2007
- Lot size
- 1.63 lot acres
- Property size
- 17,543 SF
- Property type
- Commercial real estate
- APN
- 066-020-200-000
- APU
- 66020200000
Description
This exceptional investment opportunity presents a 17,673 square foot multi-tenant storefront in Stockton, CA, currently leased to Dollar Tree and See's Candies. Located within the high-traffic Park West Place power center, anchored by Target and Lowe's, this property boasts a strong 5.50% cap rate and a substantial NOI of $253,159. Built in 2007 on a 1.63-acre lot, the property benefits from a signalized entrance and excellent freeway access via I-5 (82,000 CPD). Both tenants have demonstrated long-term commitment, with Dollar Tree recently exercising a 5-year option. Dollar Tree, a top 5% performer nationwide, and See's Candies, a Berkshire Hathaway subsidiary, occupy this strategically located space within a dominant retail center attracting 6.8 million annual visitors (Placer.ai). The property features below-market rents averaging $14.34 per square foot, presenting significant upside potential. The surrounding area exhibits strong demographics, with an average household income exceeding $137,000 within a 1-mile radius and 98% population growth within a 3-mile radius from 2010 to 2020. This NNN-leased property offers a compelling investment opportunity with significant long-term growth potential. The asking price is $4,600,000. The property's APN is 066-020-200-000.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,670,000
- 6.5%
- $3,390,000
- 7%
- $3,145,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $4,667,000
- AI Estimate
- $3,190,000
Market price range: $884k - $4.68MMarket price range: $623k - $3.19M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $2,565,000 Current use
- RESTAURANT
- $4,995,000 Change: +95% Conversion: Difficult
- MEDICAL BUILDING
- $4,330,000 Change: +69% Conversion: Easy
- OFFICE BUILDING
- $4,005,000 Change: +56% Conversion: Easy
- INDUSTRIAL (GENERAL)
- $2,950,000 Change: +15% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $2,535,000 Change: -1% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $2,465,000 Change: -4% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Stockton
- County
- San Joaquin
- State
- California
- Longitude
- -121.375
- Latitude
- 38.0515
- CBSA code
- 44700
- CBSA name
- STOCKTON, CA METROPOLITAN STATISTICAL AREA