Trophy Aspen Outparcel- Main & Main | Aspen Dental
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Trophy Aspen Outparcel- Main & Main Aspen Dental
3,500 SF 100% Leased Retail Building Stockton, CA 95207 £2,353,230 (£672/SF) 5.37% Net Initial Yield
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 Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,500 SF
Building Class
B
Year Built
2021
Price
£2,353,230
Price Per SF
£672
Net Initial Yield
5.37%
NOI
£126,290
Percent Leased
100%
Number of Floors
1
Building FAR
0.17
Land Acres
0.48 AC
Walk Score ®
Very Walkable (88)
Nearby Major Retailers
1 of 6
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Trophy Aspen Outparcel- Main & Main | Aspen Dental
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