Fountain Plaza | 547-569 W Clover Rd
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Fountain Plaza 547-569 W Clover Rd
10,875 SF 100% Leased Retail Building Tracy, CA 95376 £4,686,876 (£431/SF) 5.16% Net Initial Yield
Investment Highlights
- 2005 Construction, 100% Leased with Long Term Tenants, Anchored Starbucks Drive Thru
- Over 100,000 People Within 5 Mile Radius
- Shadow Anchored by In-N-Out Burger (NAP)
- Over $152,000 Average Income Within 5 Mile Radius
Executive Summary
Fountain Plaza is a retail center offering 10,875 square feet of space, constructed in 2005 on an approximately 1.03-acre lot. The property is anchored by a Starbucks drive-thru and is situated adjacent to highly successful, high-traffic businesses like In-N-Out Burger, McDonald’s, and Giant Burgers. The building and landscaping are meticulously maintained, featuring patio dining, awnings, and consistent, attractive signage.
There are a total of nine tenants, primarily long-term. Most tenants are currently on gross leases or have fixed CAM (Common Area Maintenance) charges, offering the new owner the opportunity to transition to true NNN (Triple Net) leases as the existing leases expire, including renewal options.
There are a total of nine tenants, primarily long-term. Most tenants are currently on gross leases or have fixed CAM (Common Area Maintenance) charges, offering the new owner the opportunity to transition to true NNN (Triple Net) leases as the existing leases expire, including renewal options.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,875 SF
Building Class
B
Year Built
2005
Price
£4,686,876
Price Per SF
£431
Net Initial Yield
5.16%
NOI
£241,942
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.24
Land Acres
1.03 AC
Zoning
C2
Parking
131 Spaces (12.05 Spaces per 1,000 SF Leased)
Walk Score ®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 214-210-07 | Improvements Assessment | £2,052,805 |
| Land Assessment | £803,270 | Total Assessment | £2,856,075 |
PROPERTY TAXES
Parcel Number
214-210-07
Land Assessment
£803,270
Improvements Assessment
£2,052,805
Total Assessment
£2,856,075
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Fountain Plaza | 547-569 W Clover Rd
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