910 Dana Dr - Restaurant FOR SALE
Redding, CA 96003 |
$2,835,000 USD
858-373-3184
910 Dana Dr
Redding, CA 96003
HIGHLIGHTS
- Absolute Net Ground Lease Featuring a 10% Rental Increase in 2028 and at the Option. 27+ Year Historical Occupancy with Multiple Lease Extensions.
- Positioned Along Area’s Major Retail & Traffic Corridor: Features Easy Access and Excellent Visibility.
- The Lease is signed by Cerca Trova Steakhouse Operating Over 100+ Locations Across Arizona, California, Colorado, Nevada and New Mexico.
- W/in Mt. Shasta Mall - a Popular Shopping Destination feat. more than 80 Stores. It is One of only Four Malls serving California North of Sacramento.
- Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics.
- Densely Populated and Affluent Area: Features an Average Household Income of more than $84k and over 98k People Residing within a 5-Mile Radius.
OVERVIEW
Outback Steakhouse @ Mt. Shasta Mall | Absolute Net Ground Lease | 27+ Year Historical Occupancy | Top 35% in the Chain Per Placer.ai | W/in Mt. Shasta Mall - Popular Shopping Destination | Minutes from a Proposed Casino | Immediate Access to/from I-5 | Area Experiencing Major Growth | Densely Populated & Affluent Area
FOR SALE DETAILS
PRICE
$2,835,000 USD
PRICE/SF
$516 USD /SF
CAP RATE
5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
OUTBACK STEAKHOUSE | LOW RENT | ABS. NET
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Fast Food, Freestanding, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1998
SPRINKLERS
-
PARKING SPACES
40
LAND DETAILS
LAND ACRES
1.14 AC
LAND SF
49,658 SF
ZONING
RC
APN/PARCEL ID
107-280-030-000
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858-373-3184
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858-373-3184
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