Log In/Sign Up
Your email has been sent.
Value-Add Conveniently Located Retail Bank 6669 Clark Rd Vacant Retail Building Online Auction Sale Paradise, CA 95969


INVESTMENT HIGHLIGHTS
- 6669 Clark Road presents the market with an excellent opportunity to acquire flexible office/retail asset in the scenic community of Paradise.
- Rare value-add opportunity to acquire a well-situated flexible asset that appeals to either a new owner/user or an investor looking to lease-up.
- Located at the critical signalized intersection of Clark Road and Wagstaff Road, an intersection of two commercial corridors offering 10,000 VPD.
- Shadow-anchored by a market-dominant retail center with Save Mart, Tractor Supply, Dollar General, Dollar Tree, and Big Lots.
EXECUTIVE SUMMARY
6669 Clark Road presents the market with an excellent opportunity to acquire a vacant bank office asset in a convenient location within the scenic town of Paradise, California. The building, constructed in a Mediterranean style, totals 5,386 square feet on a 0.62-acre parcel. The building is on a corner lot at the lighted intersection of Clark and Wagstaff Roads. This prominent commercial corridor junction boasts almost 10,000 vehicles daily, presenting ample room to attract a desirable client or consumer base. This asset is ideal for a new owner/user looking to capitalize on a versatile space to grow their business or a new investor to drive top-line revenue targets with a lease-up plan.
This asset is in a prime position within the scenic community of Paradise, California. The town is located in the foothills of the Sierra Nevada mountains, about 12 miles from Chico and 90 miles from Sacramento, and is known for its natural setting. 6669 Clark Road is located along the primary commercial corridor of the city, offering surrounding retailers that drive continuous demand, including daily needs traffic. One of the largest shopping centers in Paradise is located diagonally across the intersection. This shopping center includes a Save Mart grocery store, Big Lots, Tractor Supply, Dollar General, Dollar Tree, and Subway. All of these represent key shopping destinations that help support the community, adding to the desirability of adjacent buildings. Area demographics support a strong community. Within 5 miles of the property, there is a diverse, robust population of roughly 13,000 people. This group earns approximately $78,000 per household and spends over $237 million across all economic sectors. These factors have kept market vacancy at a modest 5.1% rate.
Take advantage of the opportunity to acquire this highly flexible asset, which has immense value-add potential and is positioned at one of Paradise's most critical intersections.
Property tours are available by appointment only. Please contact the broker to schedule.
This asset is in a prime position within the scenic community of Paradise, California. The town is located in the foothills of the Sierra Nevada mountains, about 12 miles from Chico and 90 miles from Sacramento, and is known for its natural setting. 6669 Clark Road is located along the primary commercial corridor of the city, offering surrounding retailers that drive continuous demand, including daily needs traffic. One of the largest shopping centers in Paradise is located diagonally across the intersection. This shopping center includes a Save Mart grocery store, Big Lots, Tractor Supply, Dollar General, Dollar Tree, and Subway. All of these represent key shopping destinations that help support the community, adding to the desirability of adjacent buildings. Area demographics support a strong community. Within 5 miles of the property, there is a diverse, robust population of roughly 13,000 people. This group earns approximately $78,000 per household and spends over $237 million across all economic sectors. These factors have kept market vacancy at a modest 5.1% rate.
Take advantage of the opportunity to acquire this highly flexible asset, which has immense value-add potential and is positioned at one of Paradise's most critical intersections.
Property tours are available by appointment only. Please contact the broker to schedule.
OFFERING MEMORANDUM Click Here to Access
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
- Miscellaneous
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Property Subtype
Bank
Building Class
C
Year Built
1984
Percent Leased
Vacant
Building Height
1 Story
Lot Size
0.62 AC
Parcel Number
050-360-036-000
Zoning
00
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2024 Population
2,022
7,598
17,084
2020 Population
1,123
5,097
13,130
2029 Population
2,136
7,854
17,334
2024-2029 Projected Population Growth
5.6%
3.4%
1.5%
Daytime Employees
829
3,650
4,448
Total Businesses
133
597
820
Average Household Income
$69,789
$69,806
$78,316
Median Household Income
$62,629
$60,165
$62,632
Total Consumer Spending
$29.1M
$103.2M
$237.7M
Median Age
55.9
52.1
50.2
2024 Households
923
3,358
7,217
Percent College Degree or Above
19%
15%
16%
Average Home Value
$391,602
$390,998
$370,639
NEARBY MAJOR RETAILERS
SALE ADVISORS
James Teare, Managing Director
Jim has been successfully involved in the retail real estate industry for over 20 years. Jim’s proven expertise and extensive knowledge of leasing transactions, merchandising and remerchandising plans, coupled with his clear understanding of tenant’s needs, has proven to be the backbone of a successful career. Jim has been a member of the International Council of Shopping Centers (ICSC) for over ten years, has attended and completed all relevant courses provided by the ICSC Leasing Institute, and holds ICSC’s Certified Leasing Specialist (CLS) designation.
Katie Morris, Global Real Estate | Senior Transaction Manager
Market and business research, marketing coordination, client interface, transaction management & database management.
Lisa Kelly, Global Real Estate | Senior Transaction Manager
Lisa is a Senior Transaction Manager with Cushman & Wakefield’s Portfolio Services Center, where she has worked for over 10 years. For the past 2 years, Lisa has been a member of the U.S. Bank account team responsible for managing U.S. Bank’s retail and office portfolio, which includes more than 3,000 locations across the United States. In this role, Lisa has been responsible for the Agency Leasing program for U.S. Bank’s large owned assets totaling over 3M SF. These duties include lease negotiations with new and existing tenants, coordinating marketing efforts for vacancies, reporting, financial analytics and managing the Covid-19 Rent Relief program. In addition to agency leasing, Lisa has also worked on branch De Novos, ATM acquisitions, and lease dispositions. Prior to the U.S. Bank account, Lisa worked on the Citizens Bank account and was responsible for a retail portfolio of more than 1,300 bank branches, ATMs and Home Mortgage offices across the Midwest and Northeast. Lisa’s duties included lease negotiation for renewals, relocations, and dispositions. She also performed due diligence and strategy services for Citizens Bank by evaluating market rents, identifing comparables, and evaluating market trends. She prepared and presented formal site analysis presentations at the client’s real estate committee meetings. On average, Lisa executed over 60 transactions annually which contributed in part to delivering in over $21M in savings to Citizens each year. Previously, Lisa was responsible for transactions, accounting, and property management for Ascent LLC, a company that specializes in design, engineering, construction and operation of data centers and other mission critical facilities. The portfolio included over 500,000 SF of mission critical space with properties located throughout the United States and Canada. She negotiated leases, prepared monthly financial statements, annual budgets, and annual CAM, tax, and insurance reconciliations, as well as coordinated contractors and vendors for both the property owners and tenants. Prior to this role Lisa worked for over 4 years on the Edward Jones account. She was responsible for Transaction Management and Lease Administration for more than 500 locations in the Northeast. She also spent time as a Facilities Manager. ·,Licensed Real Estate Broker, Missouri
ABOUT THE AUCTION TECHNOLOGY
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
Read More
AUCTION CONTACT
Brittany Degrassi
Contact
Auctioneer License:
Ten-X Jessica Figueroa RE Brkr 01937601. Ten-X Auction Surety Bond 106465786
1 of 16
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
Presented by
Value-Add Conveniently Located Retail Bank | 6669 Clark Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Presented by
Value-Add Conveniently Located Retail Bank | 6669 Clark Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.

