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6646 Clark Rd
Paradise, CA 95969
Paradise Plaza · Retail Property For Sale
PROPERTY FACTS
ABOUT 6646 CLARK RD , PARADISE, CA 95969
Cushman & Wakefield, as exclusive advisor, is proud to present to the market the opportunity to acquire Paradise Plaza Shopping Center (“Paradise Plaza” or the “Property”). Paradise Plaza is a 97% leased, 198,323 square foot, grocery-anchored community shopping center located in the City of Paradise in Northern California. Paradise Plaza offers an investor a proven, stable income stream combined with significant upside potential inherent in the below-market rents of its anchor tenants and the repositioning of in-line and pad spaces. The Property’s primary anchors include Kmart and Save Mart along with national-brand in-line tenants, Dollar Tree, Mountain Mike’s Pizza, T-Mobile, Allstate Insurance, Subway and The UPS Store. All tenants in the shopping center have modest rents and three of the anchor spaces are on below market leases which provide significant upside and security for an investor. Both Save Mart and Rite Aid are on below market ground leases and the Rite Aid store is currently vacant and paying rent. In addition, the Property offers additional upside from a lease with Kmart that is also significantly below market as well as several shop spaces and pads that are currently available for lease.
PROPERTY TAXES
| Parcel Number | 050-400-001-000 | Improvements Assessment | $670,000 |
| Land Assessment | $85,000 | Total Assessment | $755,000 |
PROPERTY TAXES
