Bank of America Listing Details & Market Data

503 W Benjamin Holt Dr, Stockton, CA 95207

  • For Sale $2,250,000
  • Property Type Retail - Street Retail
  • Property Size 17,372 SF
  • Units 2
  • Lot Size 1.89 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1985
  • Date Updated Mar 15, 2024
Positioned on a spacious 1.89-acre lot, this investment offering is conveniently located near the bustling Pacific Avenue and Benjamin Holt Drive intersection in Stockton. Surrounded by a mix of busy office and retail buildings, this property benefits from substantial foot and vehicle traffic.Situated in the Lincoln Village Area and surrounded by prominent retail establishments, this Bank of America site boasts an exceptional location directly off the heavily traveled Pacific Avenue. The property holds significant potential for growth, given its status as a low-rent, high-deposit location with convenient accessibility. Bank of America has recently exercised an early 5-year extension, commencing in 2024, and has multiple 5-year options with built-in rent increases. The additional space available within the Bank of America building provides an investor existing income with immediate upside or Owner-User potential. An opportunity rarely found in core investments with credit tenants in a prime location.

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Highlights

  • Existing Income with Upside and/or Owner-User Potential | NNN Lease to Bank of America (69% of GLA)
  • Seller to Guarantee Rent on Vacant 5,303 SF for 18 months
  • Property Sits on a Large 1.89 Acre, Rectangular Shaped Lot | Priced Below Replacement Cost at $129 per Square Foot
  • High Deposits | This Bank of America location has reported over $589 Million in Deposits as of June 30, 2022 (per FDIC)
  • Low Rent and Early Lease Extension | Bank of America Exercised 5-year Option Commencing on 10/1/24
  • Seller to Guarantee Rent on Vacant 5,303 Square Foot Suite for 18 Months
  • Located at Signalized, Hard Corner Intersection with Combined Traffic Counts of 14,896 Vehicles

Contacts

broker

Colton Toste

First Commercial Real Estate

(209) 461-6400

Location

Getting Around

  • Walk Score ®

    Walker's Paradise (91)

  • Transit Score ®

    Some Transit (36)

  • Bike Score ®

    Bikeable (56)
Powered by Walk Score ®
  • City Stockton, CA
  • Neighborhood Mayfair
  • Zip Code 95207
  • Market Central Valley

Points of Interest

  • Stockton–Downtown

    4.36 miles

  • Stockton–San Joaquin Street

    4.94 miles

  • Lodi

    8.75 miles

  • Safeway Fuel Station

    0.27 miles

  • Mobil

    0.43 miles

  • Sinclair

    0.68 miles

  • Chevron

    1.26 miles

  • Valero

    1.27 miles

  • Costco Gasoline

    1.51 miles

  • 7-Eleven

    1.75 miles

  • Arco

    1.83 miles

  • 76

    1.90 miles

  • Chevron

    2.12 miles

  • Cunningham 3

    0.91 miles

  • Cunningham 4

    0.92 miles

  • Cunningham 2

    0.95 miles

  • Cunningham 5

    0.96 miles

  • Cunningham 6

    1.00 miles

  • Cunningham 1

    1.01 miles

  • Shima 2

    1.06 miles

  • Shima 1

    1.08 miles

  • Locke 5

    1.17 miles

  • Locke 4

    1.20 miles

  • Honey Baked Ham

    0.16 miles

  • Chuck E. Cheese's

    0.20 miles

  • Fire Wings

    0.20 miles

  • Squeeze Burger and Brew

    0.24 miles

  • Ramen 101

    0.25 miles

  • Dynasty

    0.27 miles

  • Tasty Pot

    0.33 miles

  • Arby's

    0.33 miles

  • David's Pizza

    0.34 miles

  • Jack in the Box

    0.37 miles

  • Grocery Outlet

    0.12 miles

  • Podesto's

    0.20 miles

  • Safeway

    0.29 miles

  • Trader Joe's

    0.33 miles

  • Save Mart

    0.44 miles

  • Super King

    0.51 miles

  • TJ Maxx

    0.58 miles

  • Smart & Final Extra!

    0.60 miles

  • Food 4 Less

    0.78 miles

  • Sherwood Mall

    0.93 miles

Contact Listing Broker

broker

Colton Toste

First Commercial Real Estate

(209) 461-6400