1010 Hilltop Dr - Freestanding FOR SALE


Redding, CA 96003
$7,780,000 USD
925-388-0888
1010 Hilltop Dr, Redding, CA for Sale
$7,780,000 USD
Freestanding - FOR SALE
1/11
null | 6% Cap Rate

1010 Hilltop Dr
Redding, CA 96003


HIGHLIGHTS

  • High-Visibility National Credit, Single Tenant Big Box Asset with 2.5+ Years Remaining on NN Lease - Two, 5-Year Options with 7% Increase
  • Strong Historical Occupancy; 20 Years at Current Location within Prominent Power Center Located Directly off Interstate 5
  • Anchored by TJ Maxx, Michaels, BevMo, Bed Bath & Beyond, Aaron's, World Market and PetSmart with Bank of America and Verizon on Pads
  • Tenant Has Invested Significant Capital in Tenant Upgrades/Improvements with Long Term Commitment to Location that also Serves as Distribution Hub

OVERVIEW

Price Reduction - Essential CRE is pleased to present the opportunity to acquire the fee simple interest in Best Buy located at 1010 Hilltop Dr, Redding, CA (Shasta County). The subject property is 30,740 square feet and resides on 2.51 acres of land located directly off Interstate 5 in a prominent power center anchored by TJ Maxx, Michaels, BevMo, Bed Bath & Beyond, Aaron's, World Market and PetSmart with Bank of America and Verizon on pads. Located across the street is the Shasta Mall anchored by Sprout's, Macy's, JCPenney's and Ultra Beauty with Chick-fil-A, Outback Steakhouse, Panda Express, Chase Bank and Rabobank on pads. Also located across the street from the subject property are the Town & Country Center and Hilltop Center anchored by Koh's, Dick's Sporting Goods and Trader Joe's.

FOR SALE DETAILS

PRICE

$7,780,000 USD

PRICE/SF

$253 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Best Buy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

137

LAND DETAILS

LAND ACRES

2.51 AC

LAND SF

109,336 SF

ZONING

RC

APN/PARCEL ID

107-240-023-000

ASK ABOUT THIS PROPERTY

Michael CisterninoEssential CREMore Info
925-388-0888

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Michael CisterninoEssential CREMore Info
925-388-0888

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.