Department Store
At Home | NorCal | New 15 Yr Lease | Complete Renovation | Major Retail Corridor | 7.5% CAP
1300 Dana Dr, Redding (NorCal), CA 96003
Listing Price: $9,009,700
Investment Overview
Redding is a city located in the northern part of California, USA. The economy of Redding is diverse, with several industries contributing to its growth and development. One of the major industries in Redding is healthcare. The city is home to several hospitals and medical facilities, including Mercy Medical Center and Shasta Regional Medical Center. These facilities employ a large number of people and provide a significant contribution to the local economy. Another major industry in Redding is retail. The city has several shopping centers and malls, including the Mt. Shasta Mall and the Cascade Square Shopping Center. Retail businesses provide employment opportunities for many people in the city and also contribute to the local tax base. Redding is also home to several manufacturing companies, including Sierra Pacific Industries and JH Heinz Company. These companies produce a variety of products, including lumber, food products, and electronic components. Manufacturing provides jobs for many people in Redding and also contributes to the city's economic growth. Tourism is also an important part of the economy in Redding. The city is located near several popular outdoor destinations, including Lassen Volcanic National Park and the Shasta-Trinity National Forest. Visitors to these areas often stop in Redding for supplies, lodging, and other services, providing a boost to the local economy. Overall, the economy of Redding is diverse and includes a range of industries that provide employment opportunities for many people in the city. The city's location near popular outdoor destinations also makes it a popular tourist destination, further contributing to its economic growth.
At Home | NorCal | New 15 Yr Lease | Complete Renovation | Major Retail Corridor | 7.5% CAP
Investment Highlights
- Strategically Located, with Exceptional Frontage, within a Primary Retail Node. 15 Year Lease with Avg Rental Increases of 10% Every 5 Years throughout the Initial Term and Options.
- 2023 Complete Interior / Exterior Renovation. Surrounded by New Development including 4 New Pad Buildings.
- Dominant Leadership: Hellman & Friedman is one of the most Experienced and Successful Investment Organizations in the Private Equity Industry, with Over $25 Billion of Total Assets.
- Positioned Along Area's Major Retail & Traffic Corridor: Signalized Hard Corner Location - Features Easy Access & Excellent Visibility w/ Combined Daily Traffic Counts of 29k+ Vehicles. Direct Access to/from State Route-44 - Near I-5.
- Across from 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.
- Directly Across from Target, Super Walmart, Hobby Lobby and WinCo Foods. Surrounded by Numerous other National Retailers including The Home Depot, Kohl's, Trader Joe's, T.J. Maxx, Michaels and many more.
- The Super Walmart is Ranked Top 20% per Placer.ai: (2.3M+ Annual Visitors) - WinCo is Ranked Top 2% (1.88M+ Annual Visitors) and the Target is Ranked Top 30% in the Nation. Cinemark Theaters is the Largest Cinema Complex within a 200 Mile Radius.
- 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. The Redding Metropolitan Statistical Area (MSA) was recognized as the 29th Most Dynamic MSA in the United States in 2019 by the Walton Family Foundation. Densely Populated Area: Features more than 100k People Residing within a 5-Mile Radius - Redding is One of the Fastest
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Department Store
At Home | NorCal | New 15 Yr Lease | Complete Renovation | Major Retail Corridor | 7.5% CAP
Listing Price: $9,009,700
Investment Highlights
- Strategically Located, with Exceptional Frontage, within a Primary Retail Node. 15 Year Lease with Avg Rental Increases of 10% Every 5 Years throughout the Initial Term and Options.
- 2023 Complete Interior / Exterior Renovation. Surrounded by New Development including 4 New Pad Buildings.
- Dominant Leadership: Hellman & Friedman is one of the most Experienced and Successful Investment Organizations in the Private Equity Industry, with Over $25 Billion of Total Assets.
- Positioned Along Area's Major Retail & Traffic Corridor: Signalized Hard Corner Location - Features Easy Access & Excellent Visibility w/ Combined Daily Traffic Counts of 29k+ Vehicles. Direct Access to/from State Route-44 - Near I-5.
- Across from 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.
- Directly Across from Target, Super Walmart, Hobby Lobby and WinCo Foods. Surrounded by Numerous other National Retailers including The Home Depot, Kohl's, Trader Joe's, T.J. Maxx, Michaels and many more.
- The Super Walmart is Ranked Top 20% per Placer.ai: (2.3M+ Annual Visitors) - WinCo is Ranked Top 2% (1.88M+ Annual Visitors) and the Target is Ranked Top 30% in the Nation. Cinemark Theaters is the Largest Cinema Complex within a 200 Mile Radius.
- 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. The Redding Metropolitan Statistical Area (MSA) was recognized as the 29th Most Dynamic MSA in the United States in 2019 by the Walton Family Foundation. Densely Populated Area: Features more than 100k People Residing within a 5-Mile Radius - Redding is One of the Fastest
Investment Overview
Redding is a city located in the northern part of California, USA. The economy of Redding is diverse, with several industries contributing to its growth and development. One of the major industries in Redding is healthcare. The city is home to several hospitals and medical facilities, including Mercy Medical Center and Shasta Regional Medical Center. These facilities employ a large number of people and provide a significant contribution to the local economy. Another major industry in Redding is retail. The city has several shopping centers and malls, including the Mt. Shasta Mall and the Cascade Square Shopping Center. Retail businesses provide employment opportunities for many people in the city and also contribute to the local tax base. Redding is also home to several manufacturing companies, including Sierra Pacific Industries and JH Heinz Company. These companies produce a variety of products, including lumber, food products, and electronic components. Manufacturing provides jobs for many people in Redding and also contributes to the city's economic growth. Tourism is also an important part of the economy in Redding. The city is located near several popular outdoor destinations, including Lassen Volcanic National Park and the Shasta-Trinity National Forest. Visitors to these areas often stop in Redding for supplies, lodging, and other services, providing a boost to the local economy. Overall, the economy of Redding is diverse and includes a range of industries that provide employment opportunities for many people in the city. The city's location near popular outdoor destinations also makes it a popular tourist destination, further contributing to its economic growth.
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