3025 S Market St - Freestanding FOR SALE


Redding, CA 96001
$1,887,640 USD
626-633-6397
3025 S Market St, Redding, CA for Sale
$1,887,640 USD
Freestanding - FOR SALE
1/6
null | 4.45% Cap Rate

3025 S Market St
Redding, CA 96001


HIGHLIGHTS

  • Dutch Bros. – 10 Year Lease with Strong Early Franchisee
  • Absolute NNN Lease - Zero Landlord Responsibility
  • Operating Successfully Since 2007 - Year Over Year Sales Growth
  • 2% Annual Rental Increases After Year Five
  • Surrounding Tenants Include AutoZone & Safeway amongst others

OVERVIEW

Colliers National Net Lease Group is pleased to present an opportunity to purchase a well-established single-tenant net-leased asset occupied by a large Dutch Bros Franchisee, subject to a new 10-year lease sale leaseback and 2% increases annually. This location has been successfully operating since 2007 with significant year-over-year sales growth. The subject property sits on an oversized corner lot along Market Street, one of the main thoroughfares through the city of Redding and benefits from excellent visibility and 18k+ CPD at the signalized intersection. This location has developed a very strong “following” within the community and proves to be an excellent investment with zero landlord responsibility, providing true long-term passive income.

FOR SALE DETAILS

PRICE

$1,887,640 USD

PRICE/SF

$3,775 USD /SF

CAP RATE

4.45%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dutch Bros. Coffee

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,859 SF

ZONING

-

APN/PARCEL ID

104-230-065-000

ASK ABOUT THIS PROPERTY

Cameron DuffyColliersMore Info
626-633-6397

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Cameron DuffyColliersMore Info
626-633-6397

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