CAP Rate: 5.23%
Net Operating Income: $325,031
The Kase Group is pleased to offer the opportunity to acquire a 100% leased strip center with three investment grade credit tenants. The property consists of roughly 9,009 square feet of building space leased to Chase Bank, Starbucks Coffee and AT&T Mobile. The site benefits from excellent visibility from E Kettleman Lane which receives a high volume of traffic (17,200 VPD). The tenants also benefit from surrounding retailers including Safeway, Target, and Lowe’s Home Improvement.
Lodi is a city located in San Joaquin County, California, in the northern portion of California’s Central Valley. The population was 62,134 at the 2010 census. Its estimated population as of July 1, 2013 was 64,338. Lodi is best known for being a center of winegrape production (the “Zinfandel Capital of the World”), although its vintages have traditionally been less prestigious than those of Sonoma and Napa counties