For Sale
$4,250,000

601 Carolyn Weston BlvdStockton, CA 95206

Stockton, CA: High-return 7-Eleven investment.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fee-simple, 7-Eleven convenience store and gas station in Stockton, CA. The property boasts a 15-year NNN lease with a corporate guarantee and a strong "A" credit rating, ensuring consistent cash flow. Built in 2022, the 3,060 square foot building sits on a 0.88-acre lot with 14 parking spaces and 5 gas pumps. The lease includes four 5-year options with 10% rent increases every five years, providing significant long-term growth potential. The current annual net operating income (NOI) is $210,000, yielding a 4.94% cap rate. The property is strategically located at 601 Carolyn Weston Blvd, benefiting from high visibility and proximity to major roadways, including the 5 Freeway. The location is part of a thriving retail center, anchored by other national brands such as Chipotle, McDonald's, Starbucks, and Quick Quack Car Wash, ensuring high traffic and customer volume. This is a rare opportunity to acquire a high-quality, passively managed investment with exceptional long-term growth prospects. The property's strong tenant, favorable lease terms, and prime location make it an ideal addition to any diversified investment portfolio. The asking price is $4,250,000, representing a price per square foot of $1,388.89. The property's APN is 164-220-190-000.

Property Details for 601 Carolyn Weston Blvd

Property type
Retail properties, Grocery and convenience stores
Square Feet
3,060 SF
Class
A
Year Built
2022

Location Insight

City
Stockton
County
San Joaquin
State
California
Latitude
37.912212432618
Longitude
-121.29483806903
601 Carolyn Weston Blvd, Stockton, California

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601 Carolyn Weston Blvd
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