Panda Express, Stockton CA

  • Park West Place
  • Park West Place

Available $2,870,000 - Retail - Single Tenant
Cap Rate:  4.25%Size:  2,448 SFTerm:  6 Print

Investment Offering & Highlights

  • STNL Panda Express is the dominant Asian food quick serve restaurant concept with over 3.5 billion in revenues
  • Bite size Northern California net lease investment opportunity with strong real estate fundamentals
  • Hard corner location with drive thru fronting the Park West Place power center and across the street from the entrance to Walmart  Supercenter
  • Fast casual restaurants projected to experience CAGR of over 12% over next five years (BusinessWire)
  • NNN lease with tenant responsible for taxes, insurance and maintenance/repair including roof and structure
  • 2019 Sales of $2.08 million
  • Health Ratio of 5.75

Property Description

Leased to Panda Express, Inc.​ for over 6 years expiring October 31, 2026.​ The rent increases by 10% every five years.​ There are four 5-year options to extend the lease.​ The lease is triple net with the tenant responsible for insurance, repairs and maintenance, including roof and structure.​ Panda Express reimburses Landlord for its pro-rata share of CAM + 10% Admin Fee and taxes.​ Tenant shall pay Tenant’s Proportionate Share of such Real Estate Taxes Directly to Landlord.​

This property is being offered along with a multi-tenant PAD and three other neighboring NNN retail properties, Lowe’s, Sonic, and AutoZone.​ The properties can be acquired individually or as a portfolio.​ Please use the following links to access the neighboring properties:

Lowe’s – $15,120,000

Sonic– $2,330,000

AutoZone – $1,500,000

Multi-Tenant PAD – Best Offer

Please use the following link to access the full OM: https://www.crexi.com/properties/503751/california-panda-express—stockton-ca

  • Offering Memorandum

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Property Location