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Big 5 Sporting Goods 2500 Hilltop Dr 9,900 SF Retail Building Redding, CA 96002 $1,615,000 ($163.13/SF) 6% Cap Rate
Investment Highlights
- Absolute NNN Lease
- High Traffic Location
- Corporate Location with Established History
- Synergy of Surrounding Retailers
Executive Summary
CBRE, as exclusive advisor, is pleased to offer for sale the Big 5 Sporting Goods located at 2500 Hilltop Dr in Redding, CA. The approximately 9,900 square foot single-tenant building is leased to Big 5 Sporting Goods. Big 5 Sporting Goods has approximately five years remaining on their lease, with the lease expiring in May 2031. Built in 1970s, the Property is situated on a rectangular parcel totaling 0.78 acres. Black Bear Diner is located at the southwest corner of Hilltop Dr (±30,138 ADT) and Grove Ave, along the Interstate 5 on-ramp (±61,027 ADT) and one block off of Cypress Ave (±36,350 ADT).
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
9,900 SF
Building Class
B
Year Built
1970
Price
$1,615,000
Price Per SF
$163.13
Cap Rate
6%
NOI
$96,900
Tenancy
Single
Building Height
1 Story
Building FAR
0.31
Lot Size
0.74 AC
Zoning
C
Parking
49 Spaces (4.95 Spaces per 1,000 SF Leased)
Frontage
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 107-380-031-000 | Improvements Assessment | $1,049,459 |
| Land Assessment | $880,192 | Total Assessment | $1,929,651 |
Property Taxes
Parcel Number
107-380-031-000
Land Assessment
$880,192
Improvements Assessment
$1,049,459
Total Assessment
$1,929,651
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Big 5 Sporting Goods | 2500 Hilltop Dr
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