Panda Express @ Park West Place

10370 Trinity Parkway, Stockton, CA 95219

Property Description

Price: $2,900,000
Land Area: ±29,185 Square Feet
Cap Rate: 5.00%
Gross Leasable Area: ±22,448 Square Feet
Year Built: 2006

Investment Highlights

High Visibility Drive-Thru Pad Located at Park West Place, a Dominant Shopping Center Along the 5 Freeway (±113,000 Cars Per Day)

Strategic NNN Investment Offering Passive Income with Minimal Landlord Responsibilities | Excellent Rent-to-Sales Ratio Below 6% – Please Contact Agent for More Details

Park West Place is a 550,000+ Square-Foot Power Center Anchored By National Credit Tenants Including Walmart, Target, Lowe’s, Kohl’s and Many More

The Center is Supported by High Traffic Counts, Freeway Visibility on I-5, and Several Nearby Developments, Including Lennar at Westlake, a ±863-Acre Master-Planned Community Featuring ±2,800 Planned SFRs and ±60 Parks

 

Excellent Location with Strong Tenant Synergy

Corporate-Guaranteed Lease with Panda Express, the Largest Asian-Segment QSR Chain in the United States (±2,600 Locations, ±45,000 Employees, ±$5.4 Billion in Annual Revenue)

20+ Year Operating History and Recently Exercised Lease Renewal Proves Tenant’s Long-Term Commitment to the Site

Panda Express Enhances Tenant Synergy by Providing a Complementary Asian QSR Option That Broadens Dining Choices for Area Consumers

The Subject Property is Positioned Directly Across from a High-Performing Walmart Location, Ranking in the Top 20% Nationwide for Customer Visits According to Placer.ai

 

Strong Real Estate Fundamentals

Signalized, Corner Location at the Gateway to Park West Place Provides Excellent Visibility — the Subject Property is the First Drive-Thru QSR Encountered When Approaching the Shopping Center from the South

Close Proximity To Bear Creek High School (±1,900 Students) and Several Large Office Buildings, Supporting Daily Traffic Patterns And Consistent Quick Service Demand

Excellent Demographics: Within Five Miles, Average Household Income Exceeds $112,000, Complemented by ±45,000 Households and Population in Excess of 130,000

Several Developments are Underway in the Immediate Area, Including the 18-Acre Trinity Parkway Mixed-Use Development Featuring Chick-fil-A, In N Out, Dutch Bros., and a 100,000+ SF Self-Storage Component

Contact Information

Ron Duong
Ron Duong
Senior Managing Director Investments
(949) 419-3233
[email protected]
License: CA 01438643

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