
Safeway Fuel - Rancho Cordova, CA
10605 Folsom Blvd, Rancho Cordova, CA, 95670, US
93 sm
Jones Lang LaSalle (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire the 100% fee simple interest in Stockton Plaza (the “Property”), an 86.0% leased grocery-anchored center located in Sacramento, California.
Stockton Plaza features 130,477 square feet of retail space anchored by a top performing Smart & Final, ideally situated in the South Sacramento submarket. The Property is 86.0% leased to a diverse mix of national and local tenants including Smart & Final, Ross Dress for Less, Planet Fitness, Burger King, and Dutch Bros Coffee among others, providing stable cash flow and long-term WALT of 5.7 years. The Property underwent a transformative redevelopment completed in 2021 which included significant exterior upgrades, newly designed pad buildings, and repositioned suites - all of which minimize the need for future capital expenditures.
Stockton Plaza is a unique opportunity to acquire a recently remodeled grocery-anchored center with conventional value-add components and an exceptional double-digit cash yield on day one.