2325-2385 Athens Ave, Redding, CA 96001

CBRE, as exclusive advisor, is pleased to offer for sale Village Plaza Shopping Center located at 2325-2385 Athens Ave in Redding, CA. Village Plaza, a 77,975 square foot shopping center constructed in 1961-1962, is comprised of a synergistic mix of tenants. The Property’s square footage is spread between three buildings and two legal parcels. There is an additional parcel that serves as a dedicated parking lot. The neighborhood center features in-line shop and junior anchor spaces and a free-standing, multi-tenant building. The tenants include Dollar Tree, Once Upon a Child, Falling Prices, Everyday Fitness, Sherwin-Williams, Shasta Rock Club, and MedSpa Redding. Village Plaza is currently 82.9% occupied with 13,325 sq. ft. of vacancy. The tenants within the Property have staggered lease terms, with the longest remaining lease term belonging to Sherwin-Williams, with 6 years remaining. The weighted average remaining lease term (WALT) for Village Plaza is 4.75 years. The in-place rents vary from $0.63 per sq. ft. a month to $1.08 per sq. ft. a month, NNN.