Listed by Palmer Capital Inc
Unpriced
Cypress Pointe Shopping Center
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 29,670
Net Rentable (SqFt) 29,670
NOI $852,000
Occupancy 87%
Tenancy Multi
Lease Type Net
Year Built 2002
Acreage 5.070
Zoning RC – Regional Commercial District
Investment Type Value Add
Ground Lease No
Retail | 29,670 SqFt
Marketing description
Palmer Capital is pleased to offer the opportunity to acquire a 100% fee interest in Cypress Pointe Shopping Center ("The Property"), a shadow-anchored neighborhood retail center located within Redding's primary retail corridor. Situated along East Cypress Avenue, one of the city's principal commercial arterials, the Property benefits from immediate adjacency to Safeway, CVS, and Lowe's, as well as proximity to Mt. Shasta Mall, the only regional mall within more than 60 miles. Cypress Pointe is positioned within the dominant retail node serving the greater Shasta County region, supported by a concentration of national retailers and a well-established regional trade area.
Investment highlights
- SHADOW-ANCHORED BY SAFEWAY, CVS & LOWE'S (NAP) - Benefits from consistent daily-needs traffic generated by adjacent anchors.
- POSITIONED WITHIN REDDING'S PRIMARY RETAIL NODE - Proximate to Mt. Shasta Mall and surrounded by national retailers including Target, Walmart, Home Depot, and Costco, reinforcing long-term retail relevance and tenant demand (4.8M SF of retail within 1.5-mile radius).
- E-COMMERCE RESISTANT TENANCY - Daily needs tenant mix supports income stability and protection from internet/recessionary forces.
- ESTABLISHED REGIONAL TRADE AREA - Approximately 153,000 residents within a 10-mile radius with average household incomes of approximately $83,000, supported by limited new retail supply and Redding's role as the region's primary commercial hub.
- LEASING EXECUTION OPPORTUNITY - Future NOI growth supported by scheduled lease rollover and the lease-up of existing vacancy, providing a path to enhanced cash flow.
- PARCELIZED EXIT STRATEGY - Individually parcelized pads and shop buildings allow investors additional exit flexibility.
Listing Contacts
Listed by Palmer Capital Inc
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$852,000.00
$71,000.00/mo
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Zoning
RC CommercialSpecial CommercialRegional Commercial
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