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SPROUTS ANCHORED CENTER w/ CHICK-FIL-A 1401 Hilltop Dr 76,944 SF 100% Leased Retail Building Redding, CA 96003 $30,900,000 ($401.59/SF) 6.13% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% Occupied Sprouts & HomeGoods Anchored Center w/ Chick-fil-A Drive-Thru Strip. Synergistic Mix of National and Regional Tenants on NNN Leases.
- Serves as the only Location within a 150-Mile Radius.
- Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics.
- Favorable Increases throughout the Initial Term and Options. Brand New 2020 High Quality Construction. Sprouts Ranks in the Top 25% Nationwide.
- The Shopping Center is Located Along Hilltop Drive, Redding’s Most Prominent and Heavily Trafficked Retail Corridor.
- W/in Mt. Shasta Mall - a Popular Shopping Destination featuring 80+ Stores. It is One of only Four Malls serving California North of Sacramento.
EXECUTIVE SUMMARY
100% Occupied Sprouts & HomeGoods Anchored Center w/ Chick-fil-A Drive-Thru Strip. Synergistic Mix of National and Regional Tenants on NNN Leases. Favorable Increases throughout the Initial Term and Options. Brand New 2020 High Quality Construction. Sprouts Ranks in the Top 25% Nationwide and Serves as the only Location within a 150-Mile Radius.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
76,944 SF
Building Class
B
Year Built
2020
Price
$30,900,000
Price Per SF
$401.59
Cap Rate
6.13%
NOI
$1,893,208
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
12.15 AC
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Sprouts Anchored Shopping Center
- Retailer
- 76,944 SF
- -
- Triple Net
- Feb 2030
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Sprouts Anchored Shopping Center | Retailer | 76,944 SF | - | Triple Net | Feb 2030 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 107-280-061-000 | Improvements Assessment | $21,964,045 |
| Land Assessment | $1,575,504 | Total Assessment | $23,539,549 |
PROPERTY TAXES
Parcel Number
107-280-061-000
Land Assessment
$1,575,504
Improvements Assessment
$21,964,045
Total Assessment
$23,539,549
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SPROUTS ANCHORED CENTER w/ CHICK-FIL-A | 1401 Hilltop Dr
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