Former Rite-Aid NNN Strip Center · 2517 E Fremont Street I Stockton, CA 95205 CROSS STREET TRAFFIC...

OFFERING MEMORANDUM

2517 E Fremont Street Stockton, CA 95205

4.01.19www.2517fremont.com

Former Rite-Aid NNN Strip Center

3.29.19

2517 E Fremont Street Stockton, CA 95205

*DO NOT DISTURB THE TENANT

Exclusively Listed By:

RICH KWOKAssociate Broker

Cell: (408) [email protected]

BRE License#: 01352601

Century 21 Real Estate Alliance2050 Concourse Dr #98,

San Jose, CA 95131

Phone (408) 800-7946

Fax (408) 519-6758

LANA NGUYENRealtor

Cell: (408) [email protected] License#: 01874327

PROPERTY DESCRIPTION

Rich KwokAssociate Broker I (408) 569-2327 teamrich@c21soldteamcomCalBRE#01352601

2517 E Fremont Street I Stockton, CA 95205

RICH KWOKAssociate BrokerCell: (408) [email protected] License#: 01352601

Highlights:• 5 Unit space, Former pharmacy space available suitable for retail uses• Established retail center with 360 degree trade area.• Great investment property opportunity• Available parking on both sides of building.• Located on a busy intersection and artery route 26, 99, and 4.• Stockton is approx. 90 miles inland from San Francisco Bay Area, and serves as a major shipping and trucking point for many agricultural and manufacturing industries.

LANA NGUYENRealtorCell: (408) [email protected] License#: 01874327

DEMOGRAPHICS

Rich KwokAssociate Broker I (408) 569-2327 teamrich@c21soldteamcomCalBRE#01352601

2517 E Fremont Street I Stockton, CA 95205

CROSS STREET TRAFFIC VOL YEAR DISTANCEE Fremont St - N Filbert St, NE 13,900 2017 0.10 mi

N Filbert St - Finland Ave, S 11,700 2017 0.11 mi

E Fremont St - N Shasta Ave, NE 10,400 2017 0.14 mi

N Shasta Ave - E Fremont St, N 488 2017 0.20 mi

E Miner Ave- N F St, W 4,700 2017 0.25 mi

TRAFFIC

POPULATION1 MILE 2 MILES 3 MILES

Population 18,550 58,117 113,267Income $49,953 $49,278 $54,165



LISTING INFORMATION2517 E Fremont Street I Stockton, CA 95205

Price: $2,400,000

Lease: $196,884/Year

CAP Rate: 6.73%

Property Type: Office/Retail

Rentable Building Size: 17,227 SF

Lot size: 1.38 AC

Tenancy: Multiple

Parking Ration: 2.61/1,000 SF

Zoning: CG

Year Built: 1959

Walk Score: 66 (Somewhat Walkable)

Transit Score: 31 (Some Transit)



UNIT INFORMATION2517 E Fremont Street I Stockton, CA 95205

UNIT TENANT SQFT TENANCY SINCE RENT

2505 Fremont Center Liquors 1850 10/01/2016 $4,200.00

2517 Fremont Center Market 8400 07/18/2005 $7,882.00

2525 Fremont Center Pharmacy 3700 VACANT

2529 98 Cents Plus Hardware 3700 01/15/2012 $2,625.00

Diaz Recycling Center 09/01/2008 $1,700.00

17,650 $16,407.00/Month



FINANCIALS2517 E Fremont Street I Stockton, CA 95205

LEASE YEARS ANNUAL BASE MONTHLY BASE

02/01/2015 - 01/31/16 $30.900 $2,575

02/01/2016 - 01/31/17 $30,900 $2,575

02/01/2017 - 01/31/18 $31,500 $2,625

02/01/2018 - 01/31/19 $31,500 $2,625

02/01/2019 - 01/31/20 $32,100 $2,675

Tenant: 98 CENTS PLUS HARDWARE

Lease Type

Commencement Date 02/01/2015

Base Lease Term 5 Year Lease

Lease Expiration 01/31/2020

Options None

Current Annual Rent $31,500

Rent Increase in Base Term 2% Bi-annual Increase

Taxes, Utilities & Insurance Tenant is responsible

Roof & Structure Tenant is responsible





10/01/16 - 09/30/17 $45,600 $3,800/mo plus NNN

10/01/17 - 09/30/18 $46,800 $3,900/mo plus NNN

10/01/18 - 09/30/19 $48,000 $4,000/mo plus NNN

10/01/19 - 09/30/20 $49,200 $4,100/mo plus NNN

10/01/20 - 09/30/21 $50,400 $4,200/mo plus NNN

10/01/21 - 09/30/22 $51,600 $4,300/mo plus NNN

10/01/22 - 09/30/23 $52,800 $4,400/mo plus NNN

10/01/23 - 09/30/24 $54,000 $4,500/mo plus NNN

10/01/24 - 09/30/25 $55,200 $4,600/mo plus NNN

10/01/25 - 09/30/26 $56,400 $4,700/mo plus NNN

Tenant: FREMONT CENTER LIQUORS

Lease Type NNN




Options Two - 5 Year Options


Rent Increase in Base Term 1% Annual Increase


Roof & Structure $Tenant is responsible





01/01/10 - 12/31/10 $56,400 $4,700/mo plus NNN

01/01/11 - 12/31/11 $59,220 $4,935/mo plus NNN

01/01/12 - 12/31/12 $62,040 $5,170/mo plus NNN

01/01/13 - 12/31/13 $64,860 $5,405/mo plus NNN

01/01/14 - 12/31/14 $67,680 $5,640/mo plus NNN

01/01/15 - 12/31/15 $70,500 $5,875/mo plus NNN

01/01/16 - 12/31/16 $73,320 $6,110/mo plus NNN

01/01/17 - 12/31/17 $76,140 $6,345/mo plus NNN

01/01/18 - 12/31/18 $78,960 $6,580/mo plus NNN

01/01/19 - 12/31/19 $81,780 $6,815/mo plus NNN

Tenant: FREMONT CENTER MARKET

Lease Type NNN




Options Two - 5 Year Options


Rent Increase in Base Term 5% Annual Increase


Roof & Structure Tenant is responsible



FINANCIAL OVERVIEW2517 E Fremont Street I Stockton, CA 95205



*Property Tax: Vacant Pharmacy**All numbers are estimated and buyers should do their own analysis & diligence

PROPERTY PHOTOS2517 E Fremont Street I Stockton, CA 95205



MAPS & AERIALS2517 E Fremont Street I Stockton, CA 95205

CONFIDENTIALITY & DISCLAIMERThis Offering Memorandum contains select information pertaining to the business and affairs of 2517 E Fremont St. Stockton, CA 95205 (“Property”). It has been

prepared by Century 21 Real Estate Alliance (“Broker”). This Offering Memorandum may not be all-inclusive or contain all of the information a prospective purchaser may desire. The information contained in this Offering Memorandum is confidential and furnished solely for the purpose of a review by a prospective purchaser of the Property. It is not to be used for any other purpose or made available to any other person without the written consent of Seller or Broker. The material is based in part upon information supplied by the Seller and in part upon financial information obtained from sources it deems reliable. Seller, nor their

officers, employees, or agents makes any representation or warranty, express or implied, as to the accuracy or completeness of this Offering Memorandum or any of its contents and no legal liability is assumed or shall be implied with respect thereto. Prospective purchasers should make their own projections and form their

own conclusions without reliance upon the material contained herein and conduct their own due diligence.

By acknowledging your receipt of this Offering Memorandum for the Property, you the prospective purchaser or representative agree:1 . The Offering Memorandum and its contents are confidential;2. You will hold it and treat it in the strictest of confidence; and

3. You will not, directly or indirectly, disclose or permit anyone else to disclose this Offering Memorandum or its contents in any fashion ormanner detrimental to the interest of the Seller.

Seller and Broker expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers to purchase the Property and to terminate discussions with any person or entity reviewing this Offering Memorandum or making an offer to purchase the Property unless and until a written agreement for the purchase and sale of the Property has been fully executed and delivered. If you wish not to pursue negotiations leading to the acquisition of the Property or in the

future you discontinue such negotiations, then you agree to purge all materials relating to this Property including this Offering Memorandum. A prospective purchaser’s sole and exclusive rights with respect to this prospective transaction, the Property, or information provided herein or in connection with the sale of the Property shall be limited to those expressly provided in an executed Purchase Agreement and shall be subject to the terms thereof. In no event shall a prospective purchaser have any other claims against Seller or Broker or any of their affiliates or any of their respective officers, Directors, shareholders, owners, employees, or

agents for any damages, liability, or causes of action relating to this solicitation process or the marketing or sale of the Property.

This Offering Memorandum shall not be deemed to represent the state of affairs of the Property or constitute an indication that there has been no change in the state of affairs of the Property since the date this Offering Memorandum. Information is deemed reliable but not guaranteed.



Former Rite-Aid NNN Strip Center · 2517 E Fremont Street I Stockton, CA 95205 CROSS STREET TRAFFIC...

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