3045 Shasta View Dr - Supermarket FOR SALE


Redding, CA 96002
$13,108,000 USD
949-230-1487
3045 Shasta View Dr, Redding, CA for Sale
$13,108,000 USD
Supermarket - FOR SALE
1/10
null | 6.5% Cap Rate

3045 Shasta View Dr
Redding, CA 96002


HIGHLIGHTS

  • 20-Year Sale-Leaseback | New Store Opened April 2025 | “Whole Foods” Style Grocery Prototype | Strong Sales
  • Holiday Marketplace - $22.1 Million Invested in New Shopping Center Development by North State Grocery | Store Relocation
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • High-Growth Residential and Commercial Trade Area
  • Excellent Real Estate Fundamentals
  • Strong Demographics in 5-mile Trade Area | Six-Figure Incomes

OVERVIEW

• Tenant will sign a brand new 20-year lease at the close of escrow with 4 (5-year) options to extend • Strong Sales since opening - inquire with agent for details • New construction high end grocery prototype for Holiday Market that is modeled after Whole Foods • The tenant, North State Grocery, Inc. is a well-established 21 location retail grocery chain headquartered in Cottonwood, California. Founded in the early 1960s, the company operates two distinct grocery store brands throughout Northern California and Oregon: Holiday Market and Sav•Mor Foods

FOR SALE DETAILS

PRICE

$13,108,000 USD

PRICE/SF

$423 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Holiday Market

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Alexander MooreSRS National Net LeaseMore Info
949-230-1487

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Alexander MooreSRS National Net LeaseMore Info
949-230-1487

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.