9210 Thornton Rd 6,213 SF 60% Leased Retail Building Stockton, CA 95209 $1,309,100 CAD ($210.70 CAD/SF)

The offering consists of a 6,213-square-foot, multi-tenant retail building situated on approximately 0.58 acres of commercially zoned land. Originally constructed in 1991 and renovated in 2015, the property is currently 60% occupied by three established personal-service tenants, with two additional suites currently vacant. The larger of the two vacant spaces is prominently positioned at the front of the building and is arguably the most desirable suite within the property, providing an investor with an excellent opportunity to attract a quality tenant and establish a strong market rental rate.
The existing tenants include Final Destination Tattoo, Star Brow Beauty Salon, and Flawless Studio Beauty Salon provide personal and experiential services that are generally resistant to e-commerce and cannot be easily replaced by online retailers. All three tenants operate under triple-net (NNN) leases and reimburse ownership for their respective pro rata share of property operating expenses, providing investors with favorable expense-recovery characteristics.
Current rents are at or below prevailing market rental rates, creating additional upside through future rent increases. Furthermore, only one tenant, Final Destination Tattoo, has contractual renewal options, providing ownership with greater flexibility to reposition the property, replace tenants as leases expire, and capture market rents. This flexibility, combined with the property's existing vacancy, creates a compelling opportunity for an investor to increase both occupancy and rental income.
The property offers ample customer parking, along with secured and gated parking at the rear of the building for employees. Its prominent location provides excellent visibility and exposure to significant daily traffic counts exceeding 35,000 vehicles per day. The property is further supported by an established residential trade area with an abundance of surrounding rooftops, as well as numerous nearby retail and commercial businesses that contribute to the area's overall customer draw.
The offering represents an attractive value-add opportunity for an investor seeking to acquire a well-located retail asset with multiple avenues for increasing income. Through strategic renovations and property improvements, ownership has the potential to increase rents on the existing occupied suites, lease the two vacant units, and improve the overall quality and appearance of the property. The combination of below-market rents, available vacancy, flexible lease rollover, favorable NNN lease structures, and a high-visibility location provides a clear path toward increasing the property's net operating income and long-term value.