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- LoopNet Team
2318 S Airport Way
Stockton, CA 95206
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Corporate Guaranteed Tenant
- 5.8% rent increase for 1st option then 10% increases in remaining three option periods
- Roof & HVAC replaced in 2018
- 10-Year Base Lease with 5 years remaining on the current term and four (4) 5 year options
- Landlord responsible for roof & structure
- Located in CA Opportunity Zone
PROPERTY FACTS
AMENITIES
- Corner Lot
- Signage
ABOUT 2318 S AIRPORT WAY , STOCKTON, CA 95206
The Ballesteros Team is proud to present 2318 S Airport Way Stockton for sale. This Single Tenant Net Leased investment is ideal for 1031 Exchange buyer or an investor looking for a stabilized asset. The freestanding 20,300 SF building is located on a high volume traffic, corner lot on 0.9 AC. The current tenant, Family Dollar, has a corporate guaranty with a 10 year lease. 5 years remain on the current term with four (4) 5 year options. The roof and HVAC were replaced in 2018. The property offers ample parking and offers the tax benefit of being in an opportunity zone.
PROPERTY TAXES
| Parcel Number | 169-152-01 | Improvements Assessment | $1,530,000 |
| Land Assessment | $280,500 | Total Assessment | $1,810,500 |
PROPERTY TAXES
