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Hilltop Shopping Center – TJ Maxx, Michaels, Bed Bath & Beyond and Pier 1 Imports

1070 Hilltop Drive, Redding, CA, USA
$16,500,000 8.73% Cap 89,541 sq ft Actual Site Photo Print This Page

Location

1070 Hilltop Drive, Redding, CA, USA

Price: $16,500,000
CAP: 8.73%
NOI: $1,440,008
Square Footage: 61,541
Tenants: Michaels, Bed Bath & Beyond, TJ Maxx and Pier 1 Imports

100% Fee Simple Interest100% OccupiedAbsolute NNN LeaseEstablished Tenancy at this LocationLocated on a Major Commercial ThoroughfareStrong Tenant MixZero Landlord Obligations

The Kase Group is pleased to offer the opportunity to acquire the 100% leased shopping center in Redding, California. The property consists of roughly 89,541 square feet of building space leased to Michaels, Bed Bath & Beyond, Pier 1 Imports, and TJ Maxx. The site benefits from excellent visibility from Interstate 5, and is situated on a major retail corridor.

Redding, officially the City of Redding, is the county seat of Shasta County, California, in the northern part of the state. It lies along the Sacramento River, is 162 miles north of Sacramento, and 120 miles south of the Oregon border. Interstate 5 bisects the entire city, from the south to north before it approaches Shasta Lake, which is located 15 miles to the north. The 2010 population was 89,861. Redding is the largest city in the Shasta Cascade region, and it is the fourth-largest city in the Sacramento Valley, behind Sacramento, Elk Grove, and Roseville.

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