Fountain Plaza

545 W Clover Road Tracy, CA 95376

Fountain Plaza (the “Property”) is an approximate 11,125 square foot neighborhood retail center located in Tracy, California. The Property, constructed in 2005, is on an approximate 1.03 acre site and anchored by Starbucks Coffee. The modern architectural features are designed to match the adjoining In-N-Out Burger. With a total of nine tenant spaces, there is a synergistic mix of national and regional tenants, providing retail and dining services.  The Property has excellent visibility and signage from Interstate 205 and enjoys a high volume of passing traffic.  Starbucks has a drive-thru which runs along the backside of the building, freeing up parking for the other tenants.  Starbucks has a 10% rent increase in 2020.

Features

  • Anchored by Starbucks Drive-through with Nightime Concept
  • 2005 Construction, 100% Occupied
  • Shadow-Anchored by McDonald's, In-N-Out, and Nation's Giant Hamburgers
  • Starbucks' Rent is Scheduled to Increase in 2020
  • Unencumbered by Existing Debt
  • High Historical Occupancy

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Specifications

IN CONTRACT
Current Cap
5.30%
Proforma Cap Rate (2020)
5.83%
Price Per SF
$508
Occupancy
100%
Ownership
Fee Simple
APN
214-210-07
Number of Buildings
One