2150 Alpine Ave Stockton, CA 95204-2853

This exceptional investment opportunity presents a freestanding Dollar General Market in Stockton, CA, boasting 21,304 square feet on a prominent corner lot (1.2 acres). The property, built in 2012 and renovated in 2012, enjoys a triple-net (NNN) lease structure with Dollar General, a tenant with an investment-grade credit rating ("BBB" with S&P and a positive/stable outlook). The lease commenced September 1, 2012, and expires September 30, 2027, with three 5-year renewal options. Currently operating at 100% occupancy, the property generates a substantial net operating income (NOI) of $222,581, representing a 6.50% cap rate. The asking price is $3,424,323 ($160.75 per square foot), significantly below replacement cost. This high-performing location benefits from exceptional visibility and accessibility, receiving 410,000 visits in the last twelve months (per Placer.AI), placing it among the top 1% of Dollar General locations nationwide. The surrounding area demonstrates strong demographics, including over 22,000 people within a 1-mile radius and over 118,000 within 3 miles, with projected population growth of 3.45% within the next 5 years. Furthermore, the property's proximity to I-5 (over 110,000 vehicles per day), the University of the Pacific, San Joaquin Delta College, and downtown Stockton ensures consistent high traffic and customer flow. A new roof, installed in March 2024, comes with a 20-year warranty. This is a rare opportunity to acquire a well-positioned, high-performing retail asset with a strong tenant and significant upside potential.