Stockton, CA - CSL Plasma

Description:

Long-term Net Lease I Corporate Guarantee I Scheduled Rental Increases
- The lease is signed by CSL Plasma Inc., a subsidiary of CSL Behring, with $9.29 Billion in revenue for 2023
- 10% rental increases every 5 years throughout the initial term and rental increases to fair market value at the beginning of each option period, growing NOI and hedging against inflation
- CSL Plasma operates one of the world’s largest and most sophisticated plasma collection networks, with 342 plasma collection centers in the North America, Europe, and China

2021 Remodel I New TPO Membrane Roof I Tenant Investment ($2M+ Costs)
- The building recently underwent a complete remodel that features a new TPO membrane for the roof that was placed in 2021
- The new TPO roof membrane comes with a 20-year manufacturer’s warranty from Versico and a 10-year workmanship and labor warranty
- Tenant replaced all HVAC units in 2021 and is solely responsible for HVAC system maintenance, repairs, and replacement
- Tenant has invested more than $2 million in the buildout infrastructure and FF&E for their space, limiting expense leakage for a future investor

NN Leased I Fee Simple Ownership I Limited Landlord Responsibilities
- Landlord responsibilities limited to roof, structure, exterior utility lines and parking lot (repaving) Ideal, low-management investment for a passive investor

Ideally situated between prominent retail centers such as Weberstown Mall (855,800 SF), Sherwood Mall (525,000 SF), Stonecreek Village Shopping Center (154,554 SF), and College Square Shopping Center (126,098 SF), significantly increasing consumer draw to the immediate trade area and promoting crossover store exposure for the site
The trade area features a variety of national/credit tenants such as Walmart Neighborhood Market, Costco Wholesale, The Home Depot, Target, Macy’s, WinCo Foods, Office Depot, and more