235-259 S Main St - Retail FOR SALE


Red Bluff, CA 96080
$10,125,000 USD
949-271-1170
235-259 S Main St, Red Bluff, CA for Sale
$10,125,000 USD
Retail - FOR SALE
1/5
null | 8% Cap Rate

235-259 S Main St
Red Bluff, CA 96080


HIGHLIGHTS

  • Strong Performing Tractor Supply Co. Anchor
  • Value-Add/Repositioning Opportunity
  • Mature Tenant Base – Approximately 88% of the occupied square footage has been in occupancy on/before 2006.
  • Attractive Acquisition Cost Per Square Foot – Significantly below replacement cost.

OVERVIEW

Red Bluff Shopping Center is a Tractor Supply Co. anchored neighborhood shopping center that encompasses 101,130 (approximate) square feet of retail space in the Northern California community of Red Bluff. The property is anchored by a strong performing 41,000 (approximate) square foot Tractor Supply Co., which has a demonstrated history of generating consistently strong sales revenues at the property; the subject property’s location ranks in the 88th percentile nationwide in customer visits (per Placer.ai). Additional tenants within Red Bluff Shopping Center include Furniture Depot, Express Employment, and Launderland. Red Bluff Shopping Center offers a value-creation and repositioning opportunity, as approximately 48% of the occupied GLA have rent structures that are below prevailing market rates for anchored shopping centers within the submarket. This includes a 40,000 SF suite occupied by Furniture Depot on a gross lease with month-to-month tenancy. Furniture Depot’s current annual rent of $5.18 PSF/Year is approximately 50% below prevailing market rates. In addition, the property features approximately 6,445 SF of vacant GLA inclusive within the collateral (6% of the total GLA); including 4,445 SF of vacancy within the shopping center’s multi-tenant pad building.

FOR SALE DETAILS

PRICE

$10,125,000 USD

PRICE/SF

$100 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Bluff Shopping Center

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

Main St. & Brearcliffe

LAND ACRES

9.82 AC

LAND SF

427,759 SF

ZONING

C-3

APN/PARCEL ID

033-120-045-000,033-120-047-000,033-120-057-000,033-120-064-000,033-120-065-000,033-120-066-000

ASK ABOUT THIS PROPERTY

Aaron BettencourtREZA Investment Group, Inc.More Info
949-271-1170

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Aaron BettencourtREZA Investment Group, Inc.More Info
949-271-1170

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