STNL Best Buy
Redding, CA
Overview
Offering Specifications
- Price $7,780,000
- CAP Rate 6.00%
- Price/SF $253.09
- Net Operating Income $466,620.60
- Square Footage 30,740
- Year Built 2003
- Lot Size 2.51 AC
- Lease Term Remaining 2.5+ Years
- Ownership Type Fee Simple
- Lease Type NN (Double-Net)
Essential CRE is please to present the opportunity to acquire the fee simple interest in Best Buy located at 1010 Hilltop Dr, Redding, CA (Shasta County). The subject property is 30,740 square feet and resides on 2.51 acres of land located directly off Interstate 5 in a prominent power center anchored by TJ Maxx, Michaels, BevMo, Bed Bath & Beyond, Aaron's, World Market and PetSmart with Bank of America and Verizon on pads. Located across the street is the Shasta Mall anchored by Sprout's, Macy's, JCPenney's and Ultra Beauty with Chick-fil-A, Outback Steakhouse, Panda Express, Chase Bank and Rabobank on pads. Also located across the street from the subject property are the Town & Country Center and Hilltop Center anchored by Koh's, Dick's Sporting Goods and Trader Joe's.
