Miracle Mile Prime Mixed-Use Opportunity! 2007 Pacific Ave 16,136 SF Retail Building Stockton, CA 95204 $1,439,970 CAD ($89.24 CAD/SF)

This mixed-use property offers investors a compelling value-add opportunity with multiple, clearly defined pathways to increase NOI. The ground floor consists of five retail suites with three current tenants paying below-market rents on Modified Gross leases with property tax pass-throughs. One tenant currently occupying three adjoining spaces as a hair, nail salon, and spa, is in the process of vacating, creating the opportunity to re-lease those units at market rates and restructure them to new NNN leases. Additional upside exists with the remaining tenants through rent adjustments and the potential to transition leases to NNN structures by the end of 2028. The second floor, formerly medical and office space and currently used for storage, presents further income potential through lease-up, redevelopment, or adaptive reuse, subject to Buyer’s investigation and city approval. This property provides stable income with meaningful upside through lease restructuring and repositioning.
Located on Pacific Avenue within Stockton’s historic Miracle Mile retail corridor, this property sits in one of the city’s most recognizable and well-established shopping, dining, and lifestyle destinations. The site benefits from strong daily traffic, excellent visibility, and a dense surrounding residential base, while being surrounded by a mix of national and regional retailers including Starbucks, Dutch Bros, McDonald's, Walgreens, Jack in the Box, Save Mart, and numerous restaurants and retail service businesses. The property is strategically positioned between El Dorado Elementary School and Stockton Unified’s Adult School facilities to the south and the University of the Pacific just a few blocks to the north, with San Joaquin Delta College and major regional retail anchors—including Sherwood Mall and Weberstown Mall—located further north, supporting strong daytime population, education-driven traffic, and consistent consumer activity along the corridor. This highly active Miracle Mile trade area continues to support strong tenant demand and sustained retail vibrancy.