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PANDA EXPRESS W/ DR-THRU - TOP 8% IN CHAIN 966 Dana Dr 2,500 SF Retail Building Redding, CA 96003 $4,250,000 ($1,700/SF) 4% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate Backed Absolute Net Ground Lease. Recent 10-Year Lease Extension - 20+ Year Historical Occupancy.
- Positioned Along Area’s Major Retail & Traffic Corridor: Features Easy Access and Excellent Visibility.
- Densely Populated and Affluent Area: Features an Average Household Income of more than $84k and over 98k People Residing within a 5-Mile Radius.
- Ranked Top 8% in Chain Nationwide per Placer.ai based on Foot Traffic. This Location Features a Drive-Thru.
- Panda Express, the Largest Asian Restaurant Chain in the U.S., is Owned by Family-Led Panda Restaurant Group, operating over 2,800 Locations Globally.
- Within Mt. Shasta Mall - a Popular Shopping Destination featuring more than 80 Stores.
EXECUTIVE SUMMARY
Panda Express w/ Drive Thru @ Mt. Shasta Mall | Abs. Net Ground Lease | Recent Lease Extension | Ranked Top 8% in the Chain per Placer.ai | 20+ Year Historical Occupancy | 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
2,500 SF
Building Class
B
Year Built
2007
Price
$4,250,000
Price Per SF
$1,700
Cap Rate
4%
NOI
$170,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.82 AC
Zoning
RC - Commercial
Parking
18 Spaces (7.2 Spaces per 1,000 SF Leased)
Frontage
285’ on Dana Dr
AMENITIES
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Panda Express
- Retailer
- 2,500 SF
- -
- Triple Net
- Sep 2036
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Panda Express | Retailer | 2,500 SF | - | Triple Net | Sep 2036 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 107-280-050-000 | Improvements Assessment | $706,968 |
| Land Assessment | $235,655 | Total Assessment | $942,623 |
PROPERTY TAXES
Parcel Number
107-280-050-000
Land Assessment
$235,655
Improvements Assessment
$706,968
Total Assessment
$942,623
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PANDA EXPRESS W/ DR-THRU - TOP 8% IN CHAIN | 966 Dana Dr
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