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Shopping Strip

100% Occupied Sprouts Anchored Shopping Center w/ Chick-fil-A Strip | NorCal - $102k AHHI

1401 Hilltop Dr, Redding (NorCal), CA 96003

Listing Price: $30,900,000

Cap Rate
6.13%
Gross SF
76,944
Rentable SF
76,944
Price/Gross SF
$401.59
Lot Size
12.15 acres
Year Built
2020

Investment Overview

Strategic Location & Connectivity Redding is the urban center of the Shasta Cascade region in Northern California. Located along the I-5 corridor between Sacramento and the Oregon border, it provides easy access to both Central California and the Pacific Northwest. As the largest city north of Sacramento, Redding is strategically positioned for commerce and logistics, with direct access to Interstate 5, Highway 44, and State Route 299. Additionally, the city is served by Redding Municipal Airport (RDD), which enhances its connectivity. Pro-Business Environment & Economic DevelopmeNT The City of Redding places a high priority on economic development and business support. As part of a countywide strategy, the city collaborates closely with the Economic Development Corporation of Shasta County to attract and grow primary industries that generate high-wage employment and diversify the regional economy. Major public investments underscore the City Council’s forward-thinking approach, including the development of the Stillwater Business Park. This fully entitled site offers shovel-ready parcels with access to utilities, broadband, and multimodal transportation. Redding’s economic development vision is guided by the Economic Development Element of the City’s General Plan, a strategic framework aimed at promoting industry growth, expanding employment opportunities, and enhancing the overall quality of life in the community. Quality of Life Redding is nationally recognized for its exceptional livability and was recently ranked as the 29th Most Dynamic Metropolitan Area in the United States by the Walton Family Foundation and Heartland Forward. The city enjoys a climate characterized by hot, dry summers and mild winters, making it ideal for outdoor activities year-round. Residents have easy access to an extensive network of rivers, lakes, and parks. TIME Magazine has called Redding the U.S. Capital of Kayaking, while Forbes included it in its list of the Top 10 Trout-Fishing Towns in North America. Additionally, National Public Radio praised the city as an “Outdoor Paradise,” and the Los Angeles Times highlighted it as one of the 10 Best Places to Picnic in the West.

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.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego Downtown

  • Jon Talia

    Managing Director Investments

    (858) 373-3186

    Email Jon

    License(s): CA: 02031343

    San Diego Downtown

Shopping Strip

100% Occupied Sprouts Anchored Shopping Center w/ Chick-fil-A Strip | NorCal - $102k AHHI

Listing Price: $30,900,000

Cap Rate
6.13%
Gross SF
76,944
Rentable SF
76,944
Price/Gross SF
$401.59
Lot Size
12.15 acres
Year Built
2020

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.

Investment Overview

Strategic Location & Connectivity Redding is the urban center of the Shasta Cascade region in Northern California. Located along the I-5 corridor between Sacramento and the Oregon border, it provides easy access to both Central California and the Pacific Northwest. As the largest city north of Sacramento, Redding is strategically positioned for commerce and logistics, with direct access to Interstate 5, Highway 44, and State Route 299. Additionally, the city is served by Redding Municipal Airport (RDD), which enhances its connectivity. Pro-Business Environment & Economic DevelopmeNT The City of Redding places a high priority on economic development and business support. As part of a countywide strategy, the city collaborates closely with the Economic Development Corporation of Shasta County to attract and grow primary industries that generate high-wage employment and diversify the regional economy. Major public investments underscore the City Council’s forward-thinking approach, including the development of the Stillwater Business Park. This fully entitled site offers shovel-ready parcels with access to utilities, broadband, and multimodal transportation. Redding’s economic development vision is guided by the Economic Development Element of the City’s General Plan, a strategic framework aimed at promoting industry growth, expanding employment opportunities, and enhancing the overall quality of life in the community. Quality of Life Redding is nationally recognized for its exceptional livability and was recently ranked as the 29th Most Dynamic Metropolitan Area in the United States by the Walton Family Foundation and Heartland Forward. The city enjoys a climate characterized by hot, dry summers and mild winters, making it ideal for outdoor activities year-round. Residents have easy access to an extensive network of rivers, lakes, and parks. TIME Magazine has called Redding the U.S. Capital of Kayaking, while Forbes included it in its list of the Top 10 Trout-Fishing Towns in North America. Additionally, National Public Radio praised the city as an “Outdoor Paradise,” and the Los Angeles Times highlighted it as one of the 10 Best Places to Picnic in the West.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego Downtown

  • Jon Talia

    Managing Director Investments

    (858) 373-3186

    Email Jon

    License(s): CA: 02031343

    San Diego Downtown

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