7616 Pacific Ave Stockton, CA 95207-1957
- Commercial real estate
- 8,212 SF
- 2.31 lot acres
Current Use by Public Records
- DENTALSource of California / Dental Office
- Barker James G DDS / Dental Office
- United Cerebral Palsy / Charitable Organization / Social Service Agency
Property Details for 7616 Pacific Ave
- Year built
- 1977
- Lot size
- 2.31 lot acres
- Property size
- 8,212 SF
- Property type
- Commercial real estate
- APN
- 081-500-210-000
- APU
- 81500210000
Description
This exceptional value-add retail investment opportunity in Stockton, CA, presents a 16,970 square foot, 100% occupied shopping center on a 2.31-acre lot. The property, built in 1977, features five tenants, including a restaurant, nail salon, and dental practice, under NNN leases. With a strong Net Operating Income (NOI) of $243,696 and a 7.62% cap rate, this multi-tenant property offers a compelling return on investment. The asking price is $3,200,000. Located at 7616 Pacific Ave, the center benefits from high visibility on a major commercial corridor, attracting significant foot traffic. The property boasts a weighted average lease term (WALT) of approximately three years, and the majority of tenants have occupied the space for over 13 years, demonstrating remarkable tenant loyalty and stability. The surrounding area exhibits robust demographics, with average household incomes exceeding $110,000 within a one-mile radius, supporting the property's continued success and potential for future growth. The property's location within the Hammer Ranch Center, near other established businesses, further enhances its appeal and ensures consistent customer traffic. This is a rare opportunity to acquire a well-positioned, stable, and high-performing retail investment property in a thriving market. The property's strong tenant base, favorable lease terms, and prime location make it an ideal addition to any investment portfolio. The property's APN is 081-500-120-000.
Value Estimations
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $869,000
Market price range: $263k - $1.02M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,200,000 Current use
- OFFICE BUILDING
- $1,665,000 Change: +39% Conversion: Easy
- INDUSTRIAL (GENERAL)
- $1,380,000 Change: +15% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $1,185,000 Change: -1% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Stockton
- County
- San Joaquin
- State
- California
- Longitude
- -121.322
- Latitude
- 38.0189
- CBSA code
- 44700
- CBSA name
- STOCKTON, CA METROPOLITAN STATISTICAL AREA
