This Property is no longer advertised on Showcase.com.
Off Market
1/8

55 Lake Blvd
Redding, CA 96003


HIGHLIGHTS

  • 94,078 SF Anchor Box | Value-Add | Large 9.59 Acre Parcel | Priced Below Replacement Cost
  • Large Visible Pylon Sign | Excellent Frontage
  • Fee Simple Ownership | Zoned Commercial
  • Signalized, Hard Corner Intersection | Just Off Interstate 5 (42,500 VPD)
  • Situated Within Grocery-Anchored Center | Nearby National/Credit Tenants
  • Strong Demographics In 5-mile Trade Area

OVERVIEW

The shopping center is strategically situated at the signalized, hard corner intersection of Lake Boulevard and North Market Street with 36,600 vehicles passing by daily. The asset is also less than 1 mile off of Interstate 5 (42,500 VPD) with convenient on/off ramp access. The building has excellent frontage to North Market Street and is equipped with a large pylon sign, increasing visibility to the subject site. Other nearby national/credit tenants include Dollar Tree, Walgreens, O’Reilly Auto Parts, and more, increasing consumer traffic to the trade area. The 5-mile trade area is supported by a population of more than 92,000 residents with an average household income of over $68,000.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

Former Shopko | Value-Add | Below Rplc Cost

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Department Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

94078

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

422

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

113-320-014-000