1060-1068 S Main St - Storefront FOR SALE


Red Bluff, CA 96080
$3,200,000 USD
530-419-1607
1060-1068 S Main St, Red Bluff, CA for Sale
$3,200,000 USD
Storefront - FOR SALE
1/10
null | Request Cap Rate

1060-1068 S Main St
Red Bluff, CA 96080


OVERVIEW

Amazing value add opportunity with potential for 8.25% + cap rate. 9 Tenant property with just 2 small vacancies located on a signalized intersection with the highest traffic count in the City and on direct route to Walmart Supercenter. Many surrounding credit and national retailers. Immediate opportunity for upside with lease up of 2 vacancies to offer over 7.25% cap rate ($100k TI allowance factored in) and potential for 8.25% or greater cap with relocation of existing National Tenant and new 10 year term; contact Agent for details. Starbucks and Quest Diagnostics have both occupied for over 20 years, Subway 12 years, Star Nails 15 years, and Liberty Tax 8 years, showing long term commitment. Metro PCS just renewed their first term. Darkside is in their 2nd year and doing very well, and although very busy requires little parking.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$301 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

CITY

APN/PARCEL ID

033-250-082-000

ASK ABOUT THIS PROPERTY

Charlie CarneyHarris Commercial Real Estate ServicesMore Info
530-419-1607

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Charlie CarneyHarris Commercial Real Estate ServicesMore Info
530-419-1607

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