Description

Lowe’s Home Improvement – Stockton, CA is a retail investment at 10342 Trinity Parkway in Stockton’s Northwest Stockton submarket. The 138,136 SF property is occupied, giving buyers an established retail tenancy rather than a vacant building to reposition.

Built in 2006, the property sits on 13.6 acres and contains 138,136 SF of gross leasable area. That scale places the building, rather than a collection of smaller storefronts, at the center of the investment. The 15,200 AADT traffic count gives buyers a measure of activity at this location without relying on assumptions about the wider market. For an investor focused on the existing lease, the physical footprint and land area are important alongside the income: they define the asset supporting the tenancy. The Northwest Stockton address also makes the property’s position clear within Stockton for buyers comparing retail holdings.

The asking price is $12,923,000, or $93.56 PSF, with an in-place 5.85% cap rate and $756,000 in-place NOI. A 10.7-year WALT gives the buyer a defined lease horizon for weighing that income against the purchase price. The property’s NNN lease type is another part of the income profile, while the $950,220.59 per acre pricing provides a separate way to view the land basis. This is an opportunity for a retail investor seeking an occupied, large-format property with an established tenant, current income, and a long remaining weighted average lease term.