80 E 11th Street, Tracy, CA 95376

Property Description

Excellent opportunity to acquire a centrally located commercial property in Tracy currently occupied by a long-standing auto parts business with over 20 years of established tenancy. The property consists of approximately 8,560 usable square feet situated on approximately a 15,200 square foot lot and offers strong visibility, functional utility, and flexible potential for investors or future owner-users. Originally constructed in 1946, the building remains in overall good functional condition for its current automotive-related use. The property includes two on-site restrooms, ample interior space, and a layout well-suited for retail, automotive, warehouse, or service-oriented operations. While the building would benefit from some cosmetic updates and exterior improvements, there are no known structural deficiencies, making this an attractive value-add investment opportunity. The property is fully leased under a modified gross lease extending through April 2030 with scheduled annual rent increases. Tenant responsibilities include utilities, interior maintenance, and portions of insurance and property tax increases, while ownership remains responsible for structural components of the building. The long-term tenancy provides stable in-place income and operational continuity. The lease also includes a renewal option, further supporting long-term occupancy stability. The current rental rate is below prevailing market rent, presenting significant upside potential for future income growth and long-term value enhancement. Based on the current estimated net operating income and a proposed list price of $1,200,000, the property reflects an approximate 6.50% cap rate, subject to buyer underwriting and verification of financial information. This positions the asset as a stable income-producing investment with long-term tenancy and future value-add potential through rent repositioning. Buyer to verify all information, zoning, square footage, permitted uses, lease terms, income and expense figures, and any environmental conditions to their own satisfaction.