535 E Channel St

Strategically located in the heart of Downtown Stockton, 535 E. Channel Street offers unmatched access to the city’s civic and commercial core. The property is surrounded by major institutions including the San Joaquin County Courthouse, City Hall, and a concentration of national and regional banks such as BAC Community Bank, PNC Bank, and Bank of Stockton. Tenants benefit from proximity to the Stockton Arena, Regal Cinemas, and Stockton Collegiate International Schools, as well as easy access to I-5 and CA-4. This highly walkable and transit-connected location is ideal for businesses seeking visibility, convenience, and a presence in one of Stockton’s most active and revitalizing districts.535 E. Channel Street presents a unique opportunity to acquire a ±5,000 SF industrial/commercial building leased to a long-standing single tenant under a true NNN lease structure. The current tenant, New Life Apostolic Faith Church, has operated at this location for nearly 20 years and is currently in a 5-year lease term, demonstrating long-term stability and commitment to the site. The lease includes scheduled rent increases through 2027, with current rent at $3,659/month, rising to $3,768 in 2025 and $3,881 in 2026. The lease requires the tenant to cover all operating expenses, including maintenance and property taxes, with minimal landlord obligations. After applying a 7% management expense to gross rents, the asset delivers a Net Operating Income (NOI) of approximately $40,834.44, making it a strong candidate for investors seeking dependable cash flow and minimal oversight in a tightly held downtown Stockton market.