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OUTBACK STEAKHOUSE | LOW RENT | ABS. NET 910 Dana Dr 6,163 SF Retail Building Redding, CA 96003 $2,577,255 ($418.18/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute Net Ground Lease Featuring a 10% Rental Increase in 2028 and at the Option. 27+ Year Historical Occupancy with Multiple Lease Extensions.
- The Lease is signed by Cerca Trova Steakhouse Operating Over 100+ Locations Across Arizona, California, Colorado, Nevada and New Mexico.
- Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics.
- Positioned Along Area’s Major Retail & Traffic Corridor: Features Easy Access and Excellent Visibility.
- W/in Mt. Shasta Mall - a Popular Shopping Destination feat. more than 80 Stores. It is One of only Four Malls serving California North of Sacramento.
- Densely Populated and Affluent Area: Features an Average Household Income of more than $84k and over 98k People Residing within a 5-Mile Radius.
EXECUTIVE SUMMARY
Outback Steakhouse @ Mt. Shasta Mall | Absolute Net Ground Lease | 27+ Year Historical Occupancy | Top 35% in the Chain Per Placer.ai | W/in Mt. Shasta Mall - Popular Shopping Destination | Minutes from a Proposed Casino | Immediate Access to/from I-5 | Area Experiencing Major Growth | Densely Populated & Affluent Area
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,163 SF
Building Class
C
Year Built
1998
Price
$2,577,255
Price Per SF
$418.18
Cap Rate
5.50%
NOI
$141,749
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.14 AC
Zoning
RC - Commercial
Parking
40 Spaces (6.49 Spaces per 1,000 SF Leased)
Frontage
853’ on Dana Dr
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Outback Steakhouse
- Retailer
- 6,163 SF
- -
- Triple Net
- Sep 2033
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Outback Steakhouse | Retailer | 6,163 SF | - | Triple Net | Sep 2033 |
Bike Score®
Very Bikeable (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 107-280-030-000 | Improvements Assessment | $942,624 |
| Land Assessment | $471,311 | Total Assessment | $1,413,935 |
PROPERTY TAXES
Parcel Number
107-280-030-000
Land Assessment
$471,311
Improvements Assessment
$942,624
Total Assessment
$1,413,935
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OUTBACK STEAKHOUSE | LOW RENT | ABS. NET | 910 Dana Dr
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