About This Restaurant
Investment Highlights
New 10 Yr. NN Corporate Lease by Aspen Dental - Over 900+ Locations across U.S. Best in Class Brand - One of the Largest Private Dental Tenants in Country New 2022 Prototype Construction - Minimal LL Duties with Long Term Roof Warranty High Profile Outparcel to Stone Creek Village/Sherwood Mall - Dick?s/Petco/Best Buy City won The All-America City Award (the National Civic League) - Affluent Bay Area Main Retail Trade Area Surrounded by Major Anchors - Near Delta College
Executive Summary
We are pleased to offer to qualified investors an opportunity to purchase (fee simple) a brand-new construction, 10 year net leased investment, occupied by Aspen Dental corporate with 10% rental increases every 5 years and 2, 5 year options. The subject property is well positioned as an outparcel to the 175,000 SF Stonecreek Village Shopping Center (Lifestyle Center) and benefits from its hard corner signalized intersection location at Pacific Ave and Robinhood Dr which sees over 42,200 VPD. Additionally, directly across from the property is San Joaquin Delta College (18,000+ students) with University of the Pacific (6,000+ Students) within 1.5 miles. Nearby retailers include Macy?s, Target, Sprouts, HomeGoods, Best Buy, Walgreens, In-N-Out Burger, Panera Bread, Raising Cane?s, McDonald?s and more; making this one of the area?s most dynamic and visited retail destinations. This is an excellent opportunity to purchase a brand-new single tenant net lease investment, with long term stable cash flow, located near major retail traffic generators and minimal landlord responsibilities.
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Freestanding Freestanding General Retail Convenience Store General Retail Drugstore General Retail Fast Food Freestanding
- Building Size 3,500
- Building Class B
- Year Built 2021
- Price 3,000,000
- Price Per SF 857
- Cap Rate 5.37
- NOI 161,000
- Percent Leased 100
- Building Height 1 Story
- Building FAR 0.17
- Land Acres 0.48 AC
Nearby Amenities & Transportation
Retail | Romano's Macaroni Grill | ||
Retail | Five Guys | ||
Retail | Sky Zone | ||
Retail | Panda Express | ||
Retail | Starbucks | ||
Retail | Bank of Montreal | ||
Retail | Chili's Grill & Bar | ||
Retail | BJ's Restaurant & Brewhouse | ||
Retail | Peet's Coffee | ||
Retail | Jack In The Box |
Date Created: | 2024-07-16 04:09:25 | Last Updated: | 2024-07-16 04:09:25 |
Address: | Aspen Dental , Stockton, California, 95207 |