29 March Ln Stockton, CA 95207-5871

This exceptional investment opportunity presents a 13,903 square foot, single-tenant net-leased retail property located at 29 E March Ln, Stockton, CA 95207. The property, built in 1998 and extensively renovated in 2021, is currently 100% occupied by CSL Plasma, a subsidiary of CSL Behring, under a corporate-guaranteed lease with 11.5 years remaining until the initial term expires on January 1st, 2036. The lease features two 5-year renewal options and includes 10% rent increases every five years throughout the initial term, followed by increases to fair market value at the start of each option period. The current asking price is $5,305,376, representing a 6.25% cap rate and a price per square foot of $381.60. The property boasts a strong NOI of $331,586. Landlord responsibilities are limited to roof, structure, exterior utilities, and parking lot maintenance. The 1.56-acre lot includes 65 parking spaces and is situated on a signalized, hard corner intersection with excellent visibility and high traffic counts (61,900 vehicles daily). The property benefits from its location in a dense retail corridor near major shopping centers and universities, providing a substantial consumer base and strong demographics within a 5-mile radius. The 2021 renovation included a new TPO membrane roof with a 20-year manufacturer's warranty and replacement of all HVAC units. The tenant has invested over $2 million in build-out, minimizing future expense leakage for the investor. The property is zoned GC - General Commercial and features a large monument sign. This is an ideal, low-management investment opportunity with significant upside potential.