Listed by Marcus & Millichap - San Diego
$29,680,000
SPROUTS ANCHORED SHOPPING CENTER W/ CHICK-FIL-A STIP | NNN
Details
APN 107280061000
Property Type Retail
Sub Type QSR/Fast Food, Grocery Store
Square Footage 76,944
Cap Rate 6.38%
NOI $1,893,208
Tenancy Multi
Brand/Tenant Chick-fil-A, Sprouts Market
Lease Type NNN
Class A
Year Built 2020
Acreage 12.150
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
Retail | 6.38% CAP | 76,944 SqFt
Marketing description
PLEASE VISIT THE PROPERTY WEBSITE TO DOWNLOAD FULL MARKETING PACKAGE:
https://themansourgroup.com/properties/310546/sprouts-anchored-shopping-center
Investment highlights
- 100% Occupied Sprouts & HomeGoods Anchored Center w/ Chick-fil-A Drive-Thru Strip. Synergistic Mix of National and Regional Tenants on NNN Leases.
- Favorable Increases throughout the Initial Term and Options. Brand New 2020 High Quality Construction. Sprouts Ranks in the Top 25% Nationwide and Serves as the only Location within a 150-Mile Radius.
- The Shopping Center is Located Along Hilltop Drive, Redding’s Most Prominent and Heavily Trafficked Retail Corridor. It Benefits from Excellent Visibility, Easy Ingress and Egress.
- Surrounded by Numerous National Retailers including Walmart Supercenter, Target, The Home Depot, Hobby Lobby, BevMo!, PetSmart, T.J. Maxx, Michaels, World Market, Best Buy, Trader Joe’s, WinCo Foods and many more.
- Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics - More than 400k Sq.Ft. of New Retail Development planned within the Immediate Area.
- Densely Populated and Affluent Area: Features an Average Household Income of more than $102k and over 96k People Residing within a 5-Mile Radius.
- Within Mt. Shasta Mall - a Popular Shopping Destination featuring more than 80 Stores. It is One of only Four Malls serving California North of Sacramento - Comprises the Largest gathering of Retailers within a 400 Mile Stretch of Interstate 5.
- The City of Redding is the Center of Trade and Commerce for the Upstate Region of Northern California. It is the Largest City North of Sacramento and is Strategically Located on I-5, Equidistant Between Seattle and Los Angeles.
Listing Contacts
Listed by Marcus & Millichap - San Diego
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,893,208.00
$157,767.33/mo
Valuation Metrics
0
DSCR
6.38%
Cap Rate
6.38%
ROI
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